BW1370 APR 28,1999 9:17 PACIFIC 12:17 EASTERN
( BW)(CA-MEDINAH-ENERGY)(MDIN) Diamond Drill Results Indicate Another Major Gold Discovery in Chile
Business Editors
LAKE ELSINORE, Calif.--(BUSINESS WIRE)--April 28, 1999--Two diamond drill holes have recently been completed on the Company's Las Dos Marias property located approximately 3 kilometers north of the recently discovered Alto de Lipangue gold/copper deposit in Region IV Chile, North of Santiago. Assay results returned high-grade intercepts of up to 46.58 grams per tonne from near-surface drilling.
Significant assay results from these holes are as follows:
Diamond Drill Hole Interval Width Gold Number From To M Ft g/t -------------------- --------- ------- ---- ----------------- DDH DM99-01 11 107 96 317 0.47 -------------------- --------- ------- ---- ----------------- Including 11 13 2 6.6 6.48 -------------------- --------- ------- ---- ----------------- DDH DM99-02(a) 37 80 43 142 4.74 -------------------- --------- ------- ---- ----------------- Including 68 72 4 13.2 46.58 -------------------- --------- ------- ---- -----------------
(a)NOTE: To date, assays have only been received from the first 80 meters.
DDH DM99-01 - drilled vertically to 122 meters between two IP survey lines, with no target reference other than surface reconnaissance. DDH DM99-02 - drilled vertically to a depth of 269 meters to test an IP anomaly. From a depth of 37 meters to 80 meters, highly silicified and pyritized andesite intersected.
The Company plans to step up exploration at Las Dos Marias to further test this new high-grade discovery. Medinah Energy, Inc. explores for gold in Chile. Its primary assets are the Alto de Lipangue property and now the Las Dos Marias property, both located between Santiago and the Chilean Coast at low altitude. In addition, the Company owns property in Central and Southern Chile and in the Andacollo Region of Chile adjacent to Dayton Mining's Andacollo Mine.
On behalf of the Board of Directors Per: Larry Regis, President
For further information, contact RGM Communications Inc. at 1-800-547-9375 or access the web site at http:/www.medinahenergy.com/ Note: This News Release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Medinah Energy, Inc. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially from those anticipates in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
--30--ah/ny* rg
CONTACT: RGM Communications Inc. 1-800-547-9375 Web Site: http:/www.medinahenergy.com/
KEYWORD: CALIFORNIA INTERNATIONAL LATIN AMERICA INDUSTRY KEYWORD: ENERGY MINING/METALS
Click here for a stock quote Click here for historical charting
|