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

To: superdow who wrote (5009)	8/6/1998 2:41:00 PM
From: Mike Gold	Respond to of 25548

Superdow, IR used the word "proven" to me ( ie 8 million ounces) to describe gold reserves at Andicollo and about 8 million ounces at Santiago.(Now Santiago numbers are much, much higher I believe) Not sure if proven was the right term to use. Inferred is probably more likely due to lack of large drill/sample program although placer deposits are bit odd in how you define them.

To: superdow who wrote (5009)	8/6/1998 2:46:00 PM
From: Geoff Coates-Wynn	Read Replies (1) \| Respond to of 25548

In terms of Press releases, the Andacollo is stated to have "drill indicated" reserves of somewhat over 6 million ounces. This is based on a study that was done before the property was acquired. Last fall, after performing some additional sampling, and, I assume, a review of the earlier study, the following was released: "Howe concurs with the Chevron study, indicating 3,303,000 tons at 2.37g Au/ton from vein material plus 3,430,000 tons at 1.31g Au/ton from manto structures, which remain to be confirmed by further drilling. " I don't specifically recall the term "indicated" being used elsewhere, though it might have been for Mina Claudia. Geoff