To: Ken Sammut who wrote (9555 ) 3/1/1999 4:02:00 PM From: K. Kornelson Read Replies (2) | Respond to of 25548
Ken has anyone got this today? Medinah Energy, Inc. News Release Trading: OTC-BB Symbol-MDIN CUSIP# 584892 20 2 Tel: (909) 245-9498 Fax (909) 245-9438 Medinah Energy encounters mineralization again at Altos de Lipangue Lake Elsimore, CA, March 1, 1999 … Medinah Energy, Inc. is pleased to report that field information from Mr. Gordon House, P.Geo., supervising the Altos de Lipangue diamond drilling program, indicates that strong and increasing mineralization has been intercepted in the third hole of Medinah’s current drill program. The drill hole, currently at 163 meters (534.7 feet), is in a highly silicified hydrothermal breccia. The mineralization is occurring as veins and blebs of massive pyrite and chalcopyrite up to 1 inch across. Large well formed quartz crystals are present and are encrusted with gold bearing chalcopyrite. Hematite is also present and indicates a positive change from one type of alteration to another. At last report, mineralization is continuous from 93 meters (305.1 feet) and the drill hole will be continued to the planned depth of 300 meters (985 feet). Assays results for the first 3 drill holes will be available shortly after the completion of the third hole. No assay results will be released until the results have been verified and confirmed. The Altos de Lipangue property, 80% owned by Medinah Energy, Inc., is located approximately 40 kilometers North of Santiago, Chile, in the heart of a historic gold district. The property, located at an altitude of 2,000 meters, is close to modern infrastructure and potable water. - 30 - On behalf of the Board of Directors Per: "Larry Regis", President For further investor information, please contact RGM Communications Inc. at 1 (800) 547-9375, (604) 687-1414 or access the web site at 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 results 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