SI
SI
discoversearch

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 : NP Energy Cp New -- Ignore unavailable to you. Want to Upgrade?


To: Doug who wrote (13920)2/4/1999 4:03:00 PM
From: Ken Sammut  Read Replies (1) | Respond to of 22810
 
Alto De Lipangue, Chile: Diamond Drilling Program Commences on Porphyry Style Copper/Gold Deposits Identified by Gordon House P. Geo.

LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Feb. 4, 1999--Gordon House, P. Geo identified numerous diamond drill targets on Medinah's Alto de Lipangue property. His work at Alto de Lipangue included an IP survey of a previously discovered breccia zone. The survey was designed to expose a suspected underlying intrusive. Alto de Lipangue produced ore averaging 59 grams of gold and 104.1 grams of silver per ton over an eight-year period commencing in 1946. It is suspected that the precious metals were infused into the rock, vein and manto structures by the intrusive. The intrusive has been identified as a copper/gold porphyry style deposit that is expanding to depth. Mr. House has recommended 2,700 meters of drilling be done on identified targets. Two additional deposits have been identified on the adjoining Las Dos Marias stockworks property. Drilling will be carried out on this project after completion of the Alto de Lipangue program.

Medinah's Chilean manager and the drilling crew began road access work on the property Thursday, February 4, 1999 to widen a narrow section permitting the drill rig to pass. This work will be completed Saturday, February 6, after which the drill rig will be brought up the mountain. Set up on the first drill site is scheduled for Monday and Tuesday with the drills turning by Wednesday, February 10, 1999. Gordon House, P. Geo is in charge of the project.

On behalf of the Board of Directors

Per: Larry Regis, President

For further information, contact Ralph or Alan at Investor Relations at 1-888-572-0170 or medinahenergy.com

Note: This news release may contain certain "forward-looking" statements within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Medinah Energy, Inc. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the company's expectations are disclosed under the heading "risk factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.

CONTACT:

Medinah Energy, Inc.

Investor Relations

Ralph or Alan, 888/572-0170

http:/www.medinahenergy.com

KEYWORD: CALIFORNIA