Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Walter Brownlee who wrote (7220)	11/18/1998 8:16:00 PM
From: Mike Gold	Read Replies (2) \| Respond to of 25548

Hmmm. A few comments... A bit dissappointed in the amount of drilling that House proposes on doing. Was expecting 3 times that amount. Either the IP was not as good as earlier expected or more likely, MDIN has scaled back the size of the drill program due to the huge expense. In regards to the old gold mine referred to in the press release-it is not clear cut that the old mine has anything to do with the porphyry deposit. It lies quite a distance on the other side of the Lipangue plateau. What have to be quite an extensive area of minerlization in order for it to be related. Also the numbers are deceiving. If the porphyry deposit rated 59 gold grams/tons we would probably have the richest gold deposit that ever existed n the world! No folks-porphyry desposits, as a rule never have such high numbers except in tiny portions of it. 2 or 3 grams/ton in a few billion tons of ore is the best you can do with low grade bulk deposits like porphyry-its the shear number of tons that make porphyry so sought after by mining companies.