To: stan hope who wrote (21251 ) 12/27/1999 12:07:00 PM From: Joe Bilich Read Replies (2) | Respond to of 25548
News--drill results--look strong! Got this by Email, have not seen it flagged on Yahoo yet... Medinah Mining, Inc. - News Release Trading: OTC-BB Symbol-MDHM CUSIP# 584894 10 9 Tel: (909) 245-9498 Fax (909) 245-9438 Medinah Mining pulls hot drill hole at Alto de Lipangue, Chile Lake Elsinore, California ? December 27, 1999 ? The Board of Directors of Medinah Mining, Inc. are pleased to announce that assay results from diamond drill hole 99-08, first of a current three-hole program, have been received. The drill hole intersected the gold/copper breccia pipe target at a depth of 122 meters. Drilling was stopped at 170 meters, still in mineralization and will be completed to total depth starting the second week of January, 2000. Assays results show that the drill hole was mineralized from 123 to 170 meters and assayed 4.80 grams gold and 0.495% copper over the entire length of 44 meters (144.35 feet). Included in this large section was an intersection of 9 meters (29.52 feet), from 128 to 137 meters, grading 7.02 grams gold and 0.63% copper and a 4 meter intersection, from 149 to 153 meters, grading 30.83 grams gold and 1.94% copper. The drill core was assayed in one-meter increments and assayed at Acme Analytical in Santiago, Chile. Confirmation assays to confirm these results are pending. The hole was spotted 50 meters south of discovery hole 99-03 and drilled at a dip of ?70§ on an azimuth of 360 degrees due North, in order to locate the southern extension and true width of the breccia pipe. This intersection has confirmed the geological theory and I.P. interpretations that the breccia pipe plunges at a steeper angle to depth. The Alto de Lipangue gold/copper property is located 30 kilometers northwest of Santiago, Chile. - 30 - On behalf of the Board of Directors Per: Larry Regis, President For further investor information, please contact RGM Communications Inc. at 1 (800) 547-9375, 1 (800) 774-5133, (604) 687-1414 or access the web site at medinahmining.com 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 Energy, 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 results could differ materially from those anticipated 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.