Medinah Mining's New Drill Program Announced:
LAKE ELSINORE, Calif., Nov 4, 1999 (BUSINESS WIRE) -- The Board of Directors of Medinah Mining, Inc. announces the successful completion of the IP and CSAMT geophysical surveys conducted by GeoDatos S.A. and supervised by Gordon House, P.Geo, on its 100%-owned Alto de Lipangue and Las Dos Marias projects located 40km northwest of Santiago, Chile.
Based on the positive results of the geophysical surveys, the Company has entered a drilling contract with Perfo Andes S.A. for up to 3,000 meters of core drilling. Equipment is currently being mobilized and initial core drilling of 750 meters will begin on the Dos Marias by November 20 and deep drilling on the Lipangue breccia zone anticipated shortly thereafter.
CSAMT survey defines two significant shear zones at Las Dos Marias The recently completed CSAMT survey at Las Dos Marias has discovered two major shear zones.
The first zone incorporated part of the previously explored Las Dos Marias shear zone, where earlier this year, core hole DM99-02 intercepted 5 meters averaging 37.27 g/t gold (including 122.2 g/t Au and 54.2 g/t Ag over one meter).
The GeoDatos results indicate that the Dos Marias shear has a strike length of nearly 1,000 meters, a significant increase over the 600 to 700 meter strike length previously reported by Howe Chile Ltda. and Gordon House, P.Geo., based on surface mapping.
A second shear/fault zone was discovered east of the Dos Marias shear, and is believed to be associated with highly mineralized manto structures reported previously by Gordon House, P.Geo., and Howe Chile.
Based on the geophysical data, Gordon House, P.Geo., has recommended, and Management has approved, a three-hole, 750-meter core drilling program that will test the two shear zone targets identified by GeoDatos.
Significant downdip extension to Alto de Lipangue breccia target indicated
GeoDatos has also completed an IP/Resistivity survey covering the Lipangue breccia, using 200-meter dipole-dipole spacing over five lines of 2 kilometers each.
Three of the IP lines were run north south, in filling between the earlier IP lines. The survey grid was extended 300 meters to the north and 500 meters to the south in order to provide adequate depth coverage over the projected extension of the breccia pipe. The two east-west lines were designed to locate the breccia at depths of 250 to 300 meters and 400 to 500 meters respectively, while also providing an idea of the geometry of the breccia pipe, particularly the direction of the plunge.
The GeoDatos results indicate that the Lipangue breccia deposit is continuing to plunge to the southeast, while it is also expanding further to the west than was expected. The indicated depths of the breccia pipe are consistent with the dip of the breccia shown by previous drilling.
Based on the geophysical data, Gordon House, P.Geo., has identified two major targets and has recommended a three-hole, diamond drilling program to test the downdip extension of the breccia pipe.
The Alto de Lipangue breccia was discovered by Medinah Mining, Inc. in the spring of 1999 when core hole L99-03 intercepted 84 meters averaging 1.72 g/t Au, 10.07 g/t Ag and 0.40%Cu.
On behalf of the Board of Directors
Per: Larry Regis, President
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 Mining, 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 anticipate 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.
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