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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: STEAMROLLER who wrote (6845)	7/8/1998 2:04:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 8798

just what i was saying all morning, tomorrow eggs and yhoo and the rest of the bunch will be on a tear

To: STEAMROLLER who wrote (6845)	7/8/1998 2:05:00 PM
From: DR. MEADE	Read Replies (1) \| Respond to of 8798

********MDIN news ********************PR NEWSWIRE) DJ: Medinah Energy Inc. Announces New Phase of Mining Develo DJ: Medinah Energy Inc. Announces New Phase of Mining Development Near Santiago, Chile LAKE ELSINORE, Calif.--(BUSINESS WIRE)--July 8, 1998--The intensive field work of recent months in Chile was focused upon (1) delineating and developing potentially commercial portions of the extensive gold placers along the Puangue River and (2) re-opening of the idle underground gold mines with the intention of shipping crude ore to the ENAMI smelter facility owned and operated by the Chilean Government. The presence of commercial gold values at the Puangue River are reported to be confirmed. Along this river, Company concessions extend for more than ten kilometers. Paul Jones, V.P, Mining and Exploration reports, "I am expecting significant gold production just as soon as we can mobilize a larger suction dredge with appropriate equipment for treating concentrates. A new excavator that has just been delivered will greatly enhance our productive capacity." A geochemical exploration program between the Catan Mine and the Santa Lucia Mine yielded two virgin gold veins. The Santa Maria vein assayed on surface, 6.00 grams of gold per ton and 28 grams of silver per ton over a width of 0.4 meters at the discovery cut. The Santa Monica vein yielded 0.55 grams of gold per ton and 2.6 grams of silver per ton over 1.6 meters at the discovery cut and 3.54 grams of gold per ton and 7.3 grams of silver per ton across 1.5 meters, 100 meters along strike. These veins were previously unknown. Work is continuing to provide access to and rehabilitation of the San Genaro gold mine to determine whether significant amounts of high grade gold ore can be mined by open pit methods. Information, provided to the Company by the property owner, indicates high grade gold values in both the hard rock and placers. In December, 1990 the owner shipped 16.9 metric tons that assayed 23.10 grams of gold per ton and 45 grams of silver per ton. A second shipment of 12.8 metric tons a year later, assayed 16.2 grams of gold per ton and 30 grams of silver per ton. Original intentions for early production from the Catan property have been modified to incorporate a new approach to the vein systems. These systems may be amenable to open pit mining methods which are more economical than conventional tunnel and custom milling operations. Mr. Jones has recommended that the Company will be better served by installing its own mill. Medinah Energy Inc. has available a vat leach system, tried, proven, and operating in Pocone County, Brazil. Management concludes that the current data delivered by Mr. Jones, although positive, is as yet insufficient to determine the ultimate commercial capability of the Puangue placer grounds. Mr. Jones and his team, in the time allotted, have only been able to review a small portion of the Santiago placers and hard rock properties. A team of Independent North American geologists have been retained to further evaluate the Puangue placers, the open pit potential of the San Genaro, Santa Maria, Santa Monica and other gold veins, and expand upon the work done by Mr. Jones. For further information please contact investor relations: 1-888-572-0170 On behalf of the Board of Directors Per: Larry Regis, President Next Previous Respond \| Previous \| Next \| Respond \| View reply to this message Quotes - News - Discussion - Gold/MiningView SubjectMarksBookmark this Subject MEDINAH ENERGY INC NEW (OTC: MDIN)Time: 1:22PMLast Trade 0.210Change 0.000 ( 0.00%)Bid 0.210Ask 0.220Volume 087,7000Prev.Close 0.210Open 0.220Day Range 0.210 - 0.220Last Tick 0Down0Avg.Volume 0646,5000 52-week range: 0.035 - 0.640 Discussion \| People \| MetaCrawler Subject Titles Only Full-Text Messages with Links Send questions and feedback to webmist