well looks like you are right Cosmo this after the close....again "what does it mean"?
Medinah Energy Encounters Mineralization Again At Altos De Lipangue
LAKE ELSINORE, CA--(BUSINESS WIRE)--March 1, 1999--Medinah Energy Inc. (OTCBB: MDIN) ... Field information from Mr. Gordon House, P.Geo., supervising the Altos de Lipangue diamond drilling program, indicates that strong and increasing mineralization has been intercepted in the third hole of Medinah's current drill program.
The drill hole, currently at 163 meters (534.7 feet), is in a highly silicified hydrothermal breccia. The mineralization is occurring as veins and blebs of massive pyrite and chalcopyrite up to 1 inch across. Large well-formed quartz crystals are present and are encrusted with gold bearing chalcopyrite. Hematite is also present and indicates a positive change from one type of alteration to another. At last report, mineralization is continuous from 93 meters (305.1 feet) and the drill hole will be continued to the planned depth of 300 meters (985 feet). Core assay results for the first three diamond drill holes will be released after the completion of the third hole and the results have been verified and correlated.
The Altos de Lipangue property, 80% owned by Medinah Energy, Inc., is located approximately 40 kilometers North of Santiago, Chile, in the heart of a historic gold district. The property, located at an altitude of 2,000 meters, is close to modern infrastructure and potable water. |
