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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: KMT who wrote (6496)10/6/1998 5:41:00 PM
From: Mike Gold  Read Replies (1) of 25548
 
Kevin, remember this is suppose to be a gold/copper/molybedium porphyry depoist.
From a uneconomical point of view-the gold would be considered a trace component of the porhyry deposit. Since gold is worth so much compared to copper and moly., we tend to concentrate on the gold potential. I have not seen anything conclusive that leads me to believe that House can tell at this point looking at the IP data whether it a copper porphyry, a gold porphyry, a gold/copper porphyry etc. From my research, this porphyry systems seems most similar to the porphyry at Andicollo. In that case, it is considered a copper porhyry with anolomlies levels of gold-its is being mined for the copper. Dayton does not own the porphyry-it is being mined by somebody else.(Note the mantos deposits are gold in Andicollo and also at Los Dos Marias.) So we will have to wait for the drill results.(Don't believe the presense of mercury is a conclusive indicator of gold. At Andicollo, lots of mercury is found near the Copper porhyry! Clear as mud?!
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