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


To: DR. MEADE who wrote (10081)3/11/1999 10:39:00 PM
From: Dan P  Read Replies (1) | Respond to of 25548
 
Here is the latest Daily Mining News for today:

Subj: -The Daily Mining News for March 12/99
Date: 3/11/99 5:54:31 PM Pacific Standard Time
From: subscriptions@stockscape.com

This free service is brought to you in part by Stockscape.com and NewsstandExpress.com

Here is THE DAILY MINING NEWS for March 12, 1999, straight from the
editorial desk of The Prospector

LATIN AMERICA

*****Lab Error Distorts Results at Aripuana

Ambrex Mining (AMBX:CDN) released revised results from the Valley
Deposit at the Aripuana gold/silver/copper/zinc/lead property in
Brazil, saying that variations in check assays led to a previous
understatement of results by as much as 48% over some intersections.
The company says that a technical error in the original lab procedures
was the problem.

Zone Hole Interval Lead Zinc Copper Silver
Gold
(m) (%) (%) (%) (g/t)
(g/t)

98-48-A 98-48 4.55 3.65 6.69 0.05 64.6
0.21
98-48-B 98-48 15.20 0.76 2.60 0.01 18.7
0.17
98-48-C 98-48 12.40 4.80 6.04 0.04 136.5
0.18
98-48-D 98-48 11.00 5.07 10.85 0.07 116.5
0.25
98-48-E 98-48 17.36 1.90 4.29 0.036 41.46
0.09
98-49-A 98-49 7.40 0.29 0.75 2.72 32.0
1.13
98-49-B 98-49 18.45 4.18 9.90 0.08 58.7
0.34
98-49-C 98-49 12.20 2.69 8.66 0.10 41.1
0.29
98-49-D 98-49 7.60 2.35 5.71 0.04 34.2
0.12
98-49-E 98-49 8.15 2.06 5.51 0.01 90.56
0.24

Ambrex reported that the revised mineralised intersections were not
yet incorporated into the overall resource estimate for the Valley
deposit, which was previously calculated as 14.7 million tonnes
averaging 5.34% zinc, 1.90% lead, 0.08% copper, 55.57 grams per tonne
(g/t) silver and 0.27 g/t gold, using 0.0% zinc block cut off grade.
(Mar 10/99)

*****Results Extend Program at Alto de Lipangue

Medinah Energy (MDIN:NASDAQ BB) reported what is says is an important
new discovery at the Alto de Lipangue gold/copper project in Chile.

Hole 99-01 was drilled to test a small IP target outside and west of a
larger anomaly. The company says the was completed at a depth of 70 m
and returned anomalous gold values. Hole 99-02, drilled on the edge of
a large IP anomaly about 200 m east of hole 99-01, intersected the
flank of a granodiorite intrusive, the target rock, and continued in
granodiorite to the depth of the hole. At a depth of 100, the sulfide
mineralisation
included pyrite, molybdenite and chalcopyrite. The company says that
assays confirm the presence of copper and gold in low but significant
values over a continuous thickness of about 140 m.

Hole 99-03 was collared at the centre of a large anomaly, about 250 m
southwest of hole 99-02. At 91 meters, the granodiorite found
throughout the hole was mineralised and highly silicified. Continuous
breccia, silicification and mineralisation including massive pyrite
and chalcopyrite were observed from 91 m to the bottom of the hole at
297.5 m. Assays received so far for the hole are 1.979 grams per tonne
(g/t) gold over 85 m, including 3.71 g/t gold over 11 m, 2.88 g/t gold
over 10 m, 9.875 g/t gold over 4 m and 0.772% copper over 35 m.
Complete gold assays are pending along with all those for silver.

Due to the results, Medinah approved a recommendation to expand the
program with drilling that will include anomalies on the neighboring
Las Dos Marias property. (Mar 10/99)

EUROPE

*****Check Samples Hint at High-Grade Mineralisation in Slovakia

Slovakian Gram Minerals (GRAM:CDN) provided an update on prospecting
and sampling on Hnusta and Cucma gold/silver/antimony properties in
Slovakia.

Recent sampling of sulphide rich mineralized rock from the adit dumps
at Ohrablo on the Hnusta property returned assays of 30.0 grams per
tonne (g/t) gold and 22.0 (g/t) silver, while sampling on moderately
mineralised rock returned 14.0 g/t gold and 10.0 g/t silver and rock
samples containing only weakly disseminated sulphides returned 2.5 g/t
gold and 2.5 g/t silver.

The company says samples were analysed by labs in Slovakia, but that
three additional samples of variably mineralised rock were forwarded
to Ontario. The forwarded samples returned assays of 3.6 g/t gold and
3.5 g/t silver, 5.2 g/t gold and 1.4 g/t silver and 13.85 g/t gold and
10.1 g/t silver.

At the Cucma property, three reference samples of mineralised vein
material from the Gabriela vein were also forwarded to Ontario for
check against assays obtained in Slovakia. Original results included
17.6 g/t gold and 19.72% antimony from sample BGZ-6, 36.3 g/t gold and
18.36% antimony from sample BGZ-7 and 10.55 g/t gold and 0.12%
antimony from sample BGZ-8. Check assays for BGZ-6 were 16.8 g/t gold
and 21.4% antimony, while those for sample BGZ-7 were 35.1 g/t gold
and 9.82% antimony and 22.0 g/t gold and 0.12% antimony for sample
BGZ-8.

The company feels that sampling to date suggests potential for
discovery of both high-grade gold mineralisation and bulk mineable
gold/silver/antimony mineralisation. (Mar 10/99)

You have free access to our archives and information at The Prospector
website - prospector-news.com

You are receiving this special daily email report from The Prospector
News Service because you either signed up through our website or are a
current subscriber to Stockscape's Free Portfolio service or Newsstand
Express. The Prospector covers important changes in the mining
industry on a daily basis. The information being sent to you is
intended as a free, value-added service. We hope you enjoy this free
publication.

Sincerely, The staff of The Prospector



To: DR. MEADE who wrote (10081)3/11/1999 11:02:00 PM
From: ZenFAUST  Respond to of 25548
 
Thanx for the proactive initiative, Dan!

Regards,
Zen