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

To: Claude Cormier who wrote (8021)	12/21/1998 3:36:00 PM
From: Mike Gold	Read Replies (1) \| Respond to of 25548

Webpage is www.medinahenergy.com(not www.medidnaenrgy.com) Yes, I would consider their reserves in the "possible" category..but apparantly there is a enough info based on the sampling/previous drilling results and previous mining history at all of MDIN's properties to give good credence to the numbers and justify immediate production on some of them. MDIN has signed a drilling contract for Las Das Marias and Lipangue and have gotten good terms with the drilling contract to complete the drill program there-reportedly MDIN will issue shares to pay for the $700,000 drill program to be held "in trust". These shares may be bought back prior to giving the shares to the drill contractor.(Money will come either the JV's or production at the Caten vein) At the moment-don't believe they have any further money to explore. The 2 joint ventures I mentioned plus a JV to come later at Lipagnue will be how financing will proceed from this point. The placer JV would basically be financed I believe completly by the russians. Most or all the production equipment/mill etc are reportedly in place. The terms of the JV at Andicollo are unknown to me.