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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Dec 12 9:30 AM EST
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To: Mike Gold who wrote (7976)12/20/1998 7:03:00 PM
From: Mike Gold  Read Replies (1) of 25548
 
The Placers Potential:

The placers property have enormous potential in themselves. In addition, the Carin placer should be in full production soon-ie prodution may consist of multiple productions sites on a large scale. Previously, it has been stated that these two very large placers covering over 12 square kilometers contain over 200,000,000 cubic meters of alluvial deposits containing an average of 1.5 grams/ton. The 1.5 grams comes from historical mining operations in the area and more recent near surface testing on the Pungae placer that MDIN performed last summer. More recently, the Russian Interational consortium has done months worth of testings to prove up these properties. They reportedly came up with unexpectedly very high gold values at the Carin placer-below the large boulders that completely fill this particular river value.(Note: The headwaters of this rivers orginate at Lipangue-hmmmm-what does that tell you!) If you work through the original numbers-you get something like 8 million ozs of free gold(not chemically bound) Recent results that the russians obtained indicates that this number may need to be increase by a lot.(Recall all of Dayton's ore comes out to a mere 3 million ozs!) Although the large boulders represent somewhat a significant challenge to mine-the russians say nyet problem amigo. Nothing a little dynamite won't cure...!
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