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

To: findstock who wrote (8993)	2/8/1999 8:06:00 AM
From: Mike Gold	Read Replies (2) \| Respond to of 25548

I reviewed the following report briefly last night: “REPORT ON THE EXPLORATION PROGRAMS ON THE LIPANGUE BRECCIA PROJECT METROPOLITAN REGION CHILE FOR MEDINAH ENERGY INC. BY GORDON D. HOUSE P. GEO 30TH NOVEMBER 1998” It will take sometime to figure out everything and to very carefully go through the IP data and some of the conclusions made by House and Geodataos. However, here are some of the highlights that jumped out at me initially: 1) Regarding claims-MDIN clearly owns the breccia zone area.(Quijano owns 20%) However, MDIN does not own the La Fortuna de Lampa Mine claims-Quijano kept these for himself for now. These claims are NE of the Lipangue Breccia and certainly would be considered highly prospective. In the previous House report, House had a claims map which showed the Lampa mine to be within MDIN claims. However, when you read the claims description-it becomes apparant that House probably didn't realize that the Lampa claims where not part of the Amarillo 1-72 or the Millalelfun 1-55 claims which make up the Lipangue Breccia. I had wondered why MDIN had not done an IP in this area previously as it certainly has some potential. MDIN has begun the initial process to obtain the claims to the West of Lipangue. “The ground to the West of the Millalelfun and Lo Amarillo claims has been covered by an ‘Impedimento' or initial notice to acquire a claim, which allows a certain time to prospect and evaluate the ground before carrying out the required surveying and installation of claim location markers.” These claims are important to MDIN-it is clear the the breecia zone strikes from W to E. The Los Das Marias claims lie directly to the West. MDIN is attempting to obtain the claims in between since they are highly prospective as well. 2) Lipangue Plateau description: “The Altos de Lipangue Breccia Pipe is located on the flat plateau or measa of Altos Del Lipangue at 2000 meters eleveation, surrounded by steep drop offs and cliffs on all sides. The flat surface of the plateau appears to be a releict peneplain with the heights of land at Cerro Negro and Lo Amarillo rising several tens of meters above the general level of the surface. The plateau is dissected by shallow depressions or stream channels funneling surface water run off into creeks or streams, cutting prominent valleys into the steep cliffs surounding the plateau. These shallow channels were worked by the ancient Incas for eluvial palcer gold, indicated by the boulders and cobbles stacked beside the channels. The creeks or quebradas on the north side of the plateau drain into the basin of the Caren river, a historical placer gold mining river. The Caren river then drains into the Estero Puuange, another historical and recent placer gold bearing river system. The place claims on both these river systems are held under option by Medinah Energy Inc. 3) “The Fortuna de Lampa mine worked one of the larger quartz veins in the granodiorite. During the period from 1946 to 1955 the mine produced 988 tonnes(ore) with a weighted aveerage grade of 58.95 grams gold and 101.77 grams silver per tonne, and production of 58.26 kilograms of gold and over 100.5 kilograms of silver. The mine worked a system of at least 5 veins from 20 to 70 cms in width, striking NW to EW and dipping steeply to the NE, and appear to have been related to aplite dykes and associated alteration zones.” 4)The breccia property was examined during November 1985 by Senor Alejandro Faunes G., a geologist working for the metals Division of Shell Chile S.A.-indicated anomalies in Au, Ag, Cu, Mo and Pb over an area of 70 m by 300 m. 5) House's description of the infamous 37 meter core: “The vendor of the property reported he had attempted to diamond drill the breccia pipe in the late 1980's. The diamond drill was mounted in a pickup truck, so it was not a large drill, and it broke down after penetrating to a depth of 37 meters. A piece of drill core from this hole was examined and showed altered, sub-rounded granodiorite fragments up to 20 cms across surrounded by quartz crystals in a matrix of pyrite and chalacopyrite. The site of this drill hole was found druing the mapping program and is located close to Trench #3, adjacent to the hydrothermally altered granodiorite mapped in the trench.” A reverse circulation drill hole was also discoverd. It appears to have been a shallow hole based on the amount of tailings from this hole. (It probably broke down after it cut through the top float material on the surface.) 6) Andesite was the original country rock in the area. It was intruded later by granodiorite rock. Sometime later after the Upper Cretaceous period-all the rock was intruded by the breccia pipe. Exact age of the pipe is unknown but probably contemoraious with with other well known high grade gold vein deposits in the region. The original Andesite volcanic sequence contained layers of sedimentary rock including carbonates. This raises the possibility of skarn/mantos/replacement deposits at depth. 7) Will discuss IP results and the rest of the report later.

To: findstock who wrote (8993)	2/8/1999 8:52:00 AM
From: EtTuBrute	Respond to of 25548

FS: Pull your head out of the sand. We could have new buying, no "tightly held shares" being sold into the buying, and have a price of .50 or .75, instead of .37. I personally like the .50 or .75 better. I also think 4 million new shares in less than 4 weeks is a little steep, but maybe you like dilution????? If you want to call the discussion of all aspects of this recent runup "crap," so be it. The open discussion of ALL aspects of this stock is what this board is for. I suggest you put your rosed colored glasses away if you want to make money investing. Its a mighty thin pancake that doesnt have two sides. ooggabooga ooggabooga Monkey see, monkey do.......

To: findstock who wrote (8993)	2/8/1999 11:05:00 AM
From: TomNY	Respond to of 25548

Findstock, have to disagree with your statement... "...that is what happens when people BUY the stock, and then you of course have more people who own it, and then there are more shares outstanding..." That is not true! The company issues 'n' shares of stock. When people buy the stock, other people are selling it. If the price goes up, that just means demand has gone up. The official number of shares outstanding does not change! If the MM is playing games, then he sells shares he doesn't have, thus the short position. If MDIN issued 50 million shares, and we determine that people own 60 million shares, then the MM sold 10 million shares that didn't exist. That's a different story, because at some point the MM has to buy back those 10 million from somewhere. "Bonzo" is correct: the company put more shares out into the marketplace. Yeah, I'm happy we're at .37 instead of .07, but the more dilution that occurs, the less the shares will be worth if/when MDIN is sold. So it's valid to ask why those shares were issued. - Tom