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


To: Mike Gold who wrote (9975)3/10/1999 1:32:00 PM
From: TomNY  Read Replies (1) | Respond to of 25548
 
Looks like some people are jumping ship (eom)



To: Mike Gold who wrote (9975)3/10/1999 1:34:00 PM
From: Handshake™  Respond to of 25548
 
Mike thats what I saw also and very much relieved to see that...

On the selloff, well whats new when haven't we released news and gone down, just glad to see the assays. We'll be ok, once everyone dissects the numbers...

:-)



To: Mike Gold who wrote (9975)3/10/1999 1:34:00 PM
From: Ken Sammut  Respond to of 25548
 
.37 to .38 2.59 shares traded.

About 350,000 shares traded since the announcement. Knee-jerk selling. Let us see if some buying comes back in.

Ken



To: Mike Gold who wrote (9975)3/10/1999 1:39:00 PM
From: Dan P  Respond to of 25548
 
Mike:

Excellent results!! Stock has sold down to .38 or so, but that is
expected, i.e. selling on news.

There are intervals of high grade mineralization,
e.g. 13 feet of 10 gm/ton (.3 oz/ton)
37 feet of 3.7 gm/ton (.15 oz/ton)
33 feet of 2.88 gm/ton (.1 oz/ton)

These are huge!! Remember these are initial drill results, and
we can expect a lot more. As you have said implied, this is
a major discovery.

In many deposits, grades of .05 oz/ton are economic, and the
average grade is almost 2 gms/ton, or .07 oz/ton over
277 feet.

Once this news is disseminated, we'll see a lot more interest.

Regards

Dan



To: Mike Gold who wrote (9975)3/10/1999 1:52:00 PM
From: coug  Read Replies (1) | Respond to of 25548
 
Mike,

I have followed your company's PRs.. Based on this release.. IMO, there is a smell of Cu/Au/Mo in the first two holes.. The third IMO
intersected 3 parallel to sub-parallel shear zones in the granodiorite intrusive.. mineralized in Au and Cu.. The first intercept was approximately 300' below the surface so a quite high
strip ratio is suggested if this is to be mined by open pit.

Also if these were shears, and they were steeply dipping, a vertical
hole drilled down the the dip would give a much thicker intercept
tha the TRUE thickness of the mineralized zone.. An angle hole
place to intersect the zone perpendicular to the dip should be in
order if this is structurally controlled to get a true thickness.

I can understand a market sell off based on these results..

Good luck with it.. Coug