Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (8824)	6/18/1999 3:22:00 PM
From: Barry K	Respond to of 108040

MDHM News biz.yahoo.com Friday June 18, 1:28 pm Eastern Time Company Press Release Medinah Mining, Inc. Announces the Discovery of a New High-grade Gold Vein At the Alto De Lipangue Property, Chile LAKE ELSINORE, Calif.--(BUSINESS WIRE)--June 18, 1999--The Recent Diamond-drilling Program At Medinah's Las Dos Marias Mining Project Intersected a Shear/vein Structure Containing High-grade Gold. the Vein is 7 Meters Wide and Averaged 37.3 Grams (1.2 Ounces) of Gold Per Tonne Over 5 Meters. a 1-Meter Section Assayed 122.2 Grams (3.9 Ounces) Per Tonne of Gold and 52.2 Grams (1.6 Ounces) Per Tonne of Silver. Company Geologist, Mr. Gordon House, P.geo., in His Report June 7, 1999, has Recommended 13 Drill Holes Over a Strike Length of 600 Meters to Extend the Discovery Zone. Should the Vein be Consistent in Width and Grade Over the 600 Meters Strike Length, $200 Million in Gold Reserves Would be Inferred. Mr. House Indicates That There Should Exist a Series of These Shear Vein Structures in the Ddh Dm99-02 Area, as Well as At the Discovery Hole Ddh L99-03, At Alto De Lipangue. During a Recent Reconnaissance of the Millalelfun and Gordon Claim Areas, Sr. Juan Jose Quijano and an Independent Geologist Discovered a Large New Shear-type Vein Less Than 1 Km From the Alto De Lipangue Ddh L99-03. the Vein was Observed to be At Least a Kilometer in Length and Returned Assays of 77.5 Grams (2.5 Ounces) of Gold Per Tonne. This New Discovery Confirms Gordon House's Theory of the Existence of a Series of These Spectacular High-grade Veins and Also Indicates That the High-grade Gold Zones Encountered At Las Dos Marias Also Occur in the Copper-gold Rich Alto De Lipangue Breccia Area. 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. Contact: For Further Information, RGM Communications Inc. 1-800-547-9375 or Access the Web Site At medinahmining.com