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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.000001000-99.0%Jun 3 1:07 PM EST

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To: Claude Cormier who wrote (18699)9/7/1999 12:59:00 PM
From: Mike Gold  Read Replies (2) of 25548
 
Claude, yes indeed have heard of Cerro Casale-first brought to my attention by "The Chief". Lipangue should be something similar although I belive perhaps quite a bit larger. In this case, however, the relatively low elevation of Lipangue and its close proximity to utilites and Santiago should make the economics of the project a good deal better. Lipangue is not just another porphyry located at the top of the Andes! Please think of the implications involved. Also consider what erosion has done to the exposed porphyry systems in the higher elevations of the Andes. Most systems are mere fragments of their former size. Lipangue appears to be the complete package.

For starters, Lipangue should have a minerlized depth of over a kilometer stretching across the entire plateau-a distance of several miles. The huge copper mine of Chuquicamata has reserves close to 10 billion tons. 1/2 gram of gold would give us 176 million oz if we magically turn that system into a gold/copper porphyry! :)

Cheers.
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