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


To: Claude Cormier who wrote (18681)9/7/1999 1:55:00 AM
From: javajake  Read Replies (1) | Respond to of 25548
 
claude - to the best of my knowledge a resource has yet to be estimated - hence a 30c/share price...but some of the intercepts from the first phase of work are fairly impressive: 84m @ 1.72g-Au/t and .4%Cu; 10m @ 7.92g-Au/t and .86%Cu; 154m @ .6g-Au/t and .39%Cu...to name a few.

not too bad...and plenty more data on the way, including more geophysics and drilling.

tom



To: Claude Cormier who wrote (18681)9/7/1999 7:17:00 AM
From: Mike Gold  Read Replies (1) | Respond to of 25548
 
Hi Claude. I remember you from some of your posts during the hey day of Golden Eagle. I managed to get out of that one before it was too late and decided better pickings could be found here. (I was right!)

Concerning shares outstanding etc:
medinahmining.com

Concerning resouce/grade etc:
medinahmining.com

In a report done by Greg Lillar, I believe he did a back of the envelope calculation of 25 million tons of inferred resources at Lipangue based on the few holes drilled and and earlier IP results.
The grades thus far are typical of highly minerlized porphyry-around 1 gram Au/ton plus about 3/4 % copper-I suspect the averages for this porphyry system will be close or slightly above these numbers. This, of course, does not include the high grade stuff in the veins and placers surrounding the porphyry nor Los Dos Marias which is an exceptionally target in its on right.(but less explored) If the current trends and the new geophysical data that has been recently obtained verifies-Lipangue/Lobo claims should encompass a multi-billion ton porphyry-comparable to the other large copper porphyry systems in Chile with gold credits to boot.

If you have more than a casual interest in Medinah-please PM me and I will provide you with additional information/points of contact to focus your DD on. Cheers.