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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Dec 5 9:30 AM EST
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To: EtTuBrute who wrote (21258)12/27/1999 4:46:00 PM
From: Claude Cormier  Read Replies (2) of 25548
 
Etubrute,

By itself hole#8 is a very good hole.. 44 meters of 4.8g/t gold and .5% copper is something that cannot be unoticed...and it ended in mineralization..so that is very positive.

But hole #8 was drilled only 50 meters south of hole #5. So the discovery so far is from hole #1-#5-#8 a distance of 75 meters. You don't build tonnage rapidly with this kind of strike lenght.

They have to drill east, west and south as there appear to be nothing to the North of hole #1. If they say that the breccia is plunging deeply, then there maybe nothing in those directions and the only hope is down deep.

For example, let say the pipe is 75 meters by 75 meters... and lets assume that it is similarly mineralized down to 400 meters (which is within open pit configurations)... well then you get a tonnage of 6 or 7 millions tons... that is a rather small deposit...so it will need very high grade to make it worth...grades 2X-3X those of hole #8 and more.

If the breccia pipe goes down to 1000 meters (and still only 75m X 75m), you get a more respectable but still rather small 15 millions tons, and then you need to go underground.

In short, it is two early to tell if this will pay off, but it is encouraging. All will depends on the grade and continuity down deep.

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