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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Therin who wrote (16455)	7/2/1999 1:06:00 PM
From: Mike Gold	Respond to of 25548

Therin, Gordon House is reportedly headed down to Chile on July 10. He will be involved in more Geophysical work-especially at LDM and the two phase drill program. I believe initial drill targets have already been selected based on the lastest IP survey completed at Lipangue. Hard to say when drilling will actually start-depends on several things. If the JV is announced before then which appears likely-Medinah will probably use the Major's own drill rigs(multiple big drill rigs to be involved this time around). If they are located in Santiago-they should be able to move the rigs in very quickly-if not-perhaps not so fast. In any case, I am quite confident drilling should commence before the end of the month. In regards to how long the drill program will last-probably several months if not longer. Depending on the initial drill results which I believe will be targeted at the potential intrusive related minerlizaton-a Major may make a tender offer very early in the drill program-ie August. At least that is the time frame I'm hoping for. In regards to number of holes-again depends-the final number of holes at LDM will be determined by the new geophysical data they gather-the number of holes to be drilled at Lipangue is a mystery as well since I believe plans have changed since the House report due to the latest IP data. Cheers.