Medinah Mining Inc. (MDHM) Message Board

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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: Don Rohner who wrote (5763)	8/26/1998 11:01:00 AM
From: Mike Gold	Read Replies (3) of 25548

Don, let me attempt to answer your questions: 1)Chief is 1gr gold per ton approx. equal to 1000 ppb.? 1 GRAM/TON IS APPROXIMATELY 1PPM OR 1000 PPB 2) Report seems very contradictory on the surface to I believe the April 7 report: a) With of main vein 1meter vs. 2meters I ASSUME YOU TALKING ABOUT THE CATEN VEIN? THE 2 METERS WAS THE VALUE SUPPLIED BY THE VENDER-THE 1 METER IS WHAT WAS OBSERVED BY HOUSE-I THINK THE WIDTH OF THE MINERALIZATION MAY EXTEND SLIGHTLY OUTSIDE THE VEIN-IN ANY CASE-NOBODY KNOWS FOR SURE AS THE VEIN HAS NOT BE ADEQUATELY INVESTIGATION-HENCE THE RECOMMENDATION BY HOUSE FOR FURTHE STUDY ON THE CATAN VEIN b) Main vein 40gr/ton verses a few grams CHIEF WILL TELL YOU ABOUT GRAP SAMPLES-GOOD FOR INDICATING THE PRESENCE OF GOLD-NOT GOOD AT TELLING YOU HOW MUCH GOLD IS THERE c)Placer 170Million tons verses unknown due to not hitting hard rock MDIN'S ESTIMATES CAME FROM THE PREVIOUS VENDER AND PREVIOUS PRODUCTION NUMBERS-THE 170 MILLION TONS ORE IS NOT PROVEN RESERVES-PROBABLY MORE LIKE INDICATED RESERVES OR INFERRED RESERVES. PLACER DEPOSIT WILL EXTEND TO BEDROCK-THE HOUSE REPORT STATES THAT THE DEPTH TO BEDROCK HAS NOT BEEN CHECKED ENOUGH IN ORDER TO COME UP WITH AN AVERAGE d)manto layer 20 gr/ton no mention AGAIN-THE 20 GRAMS/TON WAS EITHER BASED ON A GRAP SAMPLE OR PREVIOUS PRODUCTION NUMBERS e)One of the placers partially(?% of placer) blocked by boulders verses highly minable. THE CAREN PLACER DEPOSIT APPEARS TO FULL OF BOULDERS-IT WILL MAKE IT TOUGH TO EXPLORE AND MINE ALTHOUGH NOT IMPOSSIBLE-CERTAINLY MDIN WILL NEVER MINE IT WHEN THEY HAVE THE PUANGUE DEPOSIT NEARBY WHICH IS MORE THAN MDIN CAN HANDLE AS IS. f)In general no confirmation of the "richness" of the find indicated in the April 7 report pr release. HOUSE CAN'T CONFIRM THE RICHNESS OF THE FIND UNTIL DRILLING AND THE IP PROGRAMS ARE CARRIED OUT IN ORDER TO DETERMINE THE EXTEND OF THE MINERLIZATION. I must ask was the April report based on such a superficial-"advertised" information without confirmation(DD by the company?) How in the world would we ever buy this property for 24Million without confirmation of what the seller was telling Medinah? AS FOR THE 24 MILLION-I BELIEVE MDIN REVIEWED ENOUGH PREVIOUS REPORTS OF FORMER GOLD PRODUCTION AND OTHER EVIDENCE GIVEN TO THEM BY THE VENDER IN ORDER FOR THE PURCHASE TO OCCURR-IF COMPLETE DETAILED STUDIES HAD BEEN DONE ON ALL THE PROPERTIES-THEY WOULD INDEED BEEN MUCH MORE EXPENSIVE-IMO THE 24 MILLION WAS A BARAGIN-JUST THE PLACER DEPOSITS ASSUMING A PRICE IN GROUND VALUE OF $25/OUNCE GIVES A INFERRED VALUE OF OVER $200,000,000

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