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


To: Mike Gold who wrote (5765)8/26/1998 11:13:00 AM
From: the Chief  Respond to of 25548
 
Hi Mike good answers. if I may add.......................

c)Placer 170Million tons verses unknown due to not hitting hard rock

MDIN'S ESTIMATES CAME FROM THE PREVIOUS VENDER AND PREVIOUS PRODUCTION NUMBERS-THE 170 MILLION TONS ORE IS NOT PROVEN RESERVES-PROBABLY MORE LIKE INDICATED RESERVES OR INFERRED RESERVES. PLACER DEPOSIT WILL EXTEND TO BEDROCK-THE HOUSE REPORT STATES THAT THE DEPTH TO BEDROCK HAS NOT BEEN CHECKED ENOUGH IN ORDER TO COME UP WITH AN AVERAGE


Indicated and inferred can only be established after a portion of the deposit is "proven" That is to say, I have 3,000,000 ounces proven as a result of continuing geological continuity/sampling, I am indicating 5,000,000 and inferring a total resource of 8,000,000

The requirement of "proven" is a critical to establish under "International mining standards" before any "indicated and inferred" is established or accepted.

the Chief



To: Mike Gold who wrote (5765)8/26/1998 11:14:00 AM
From: Don Rohner  Read Replies (1) | Respond to of 25548
 
Mike:
Looks like MDIN is ramping up the extraction of the gold from the placer. Is this where the financing is going to come from for the additional recommended exploration in the report?

Thanks
DR



To: Mike Gold who wrote (5765)8/26/1998 11:19:00 AM
From: Don Rohner  Read Replies (2) | Respond to of 25548
 
Mike:
What is your opinion on the talk about NEM being on site or even interested. Is this all hype or is there some fact in this? Second is the story about the drilling commencing in about 3 weeks also hype?
DR