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


To: Claude Cormier who wrote (19393)10/7/1999 2:57:00 PM
From: Mike Gold  Read Replies (2) | Respond to of 25548
 
Medinah certainly will have a budget-even with a lucurative financing deal-the amount of drilling that they can do will be limited. We shareholders are in a hurry to make our fortunes so we want the biggest bang for the buck. As stated in my questions to management-you need to strike a balance in your drill program.

Use one rig to continue to prove out the breccia pipe using a series of moderately deep holes.

Use another rig to test the shear zone/mantos deposits at LDM so we can quickly develop some respectable ore reserves there due to the impressive gold grades found in the shear.

Use another rig to drill the 1200+ meter holes needed to identify existence/quality of the porphyry.

Hopefully, they can do this all at the same time.

They might be able to do a two for one deal-ie drill an angle hole following the whole length of the breccia pipe right into the porphyry but this might prove to be tricky.

Cheers.