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

To: Mike Gold who wrote (10120)	3/12/1999 3:29:00 PM
From: OFW	Respond to of 25548

News from METLF: (BSNS WIRE) Metallica Resources Encounters Significant Gold Drill Interc Metallica Resources Encounters Significant Gold Drill Intercepts At La Fortuna, Chile Business Editors DENVER--(BUSINESS WIRE)--March 12, 1999--Metallica Resources Inc. (TSE: MR)(NASDAQ: METLF) ("Metallica") today announced significant preliminary drill results from its 50%-controlled La Fortuna property, a joint venture with BHP Minerals in north-central Chile. The La Fortuna intercept is a new discovery. Drill results from two separate drill holes are summarized below: Drill Hole RCF-13 - La Fortuna Target 36 meters (from 40-76m) grading 4.03 grams per tonne (g/t) gold including 16 meters (from 40-56m) grading 6.65 g/t gold. Copper and silver assays are pending. Drill Hole RCC-15 - Cantarito Target 13 meters (from 43-56m) grading 3.19 grams per tonne (g/t) gold including 8 meters (from 43-51m) grading 4.71 g/t gold. Copper assays and silver are pending. Drill Hole RCF-13 was the first Metallica drill hole testing the La Fortuna target. Prior to the current joint venture, BHP drilled the first 12 holes at the Fortuna target, the closest being about 150 meters from this hole and testing more disseminated copper-gold mineralization. Drill Hole RCC-15 was also the first Metallica drill hole testing the Cantarito target of the La Fortuna property. Cantarito is a structurally controlled, high-grade gold occurrence where previous drilling by BHP returned intercepts of 18 meters @ 6.0 g/t gold and 22 meters @ 1.04 g/t gold. Drill results are detailed in the tables below: T Drill Hole Locations Drill Hole Northing Easting Bearing Dip Depth (m) RCF-13 6833380 412760 N30E -60 180 RCC-15 6832739 414198 N30E -60 90 Drill Hole Results From (m) To (m) Interval (m) % Cu g/t Au RCF-13 40 76 36 Pending 4.03 Includes 40 56 16 Pending 6.65 RCC-15 43 56 13 Pending 3.19 Includes 43 51 8 Pending 4.71 T La Fortuna is immediately adjacent to Metallica's 100%-owned El Morro copper-gold porphyry property. Metallica previously announced significant drill intercepts of copper-gold mineralization at El Morro earlier this week. Based on the encouraging results to date, Metallica has expanded its current exploration program at both El Morro and La Fortuna. A 500-meter diamond drill core hole is planned at El Morro. Metallica recently expanded its El Morro claim block from 33.5 sq. km to approximately 174 sq. km. Metallica now has total holdings of approximately 15,300 hectares at its 100%-owned El Morro property and 2,154 hectares at La Fortuna, the 50% joint venture with BHP. Metallica is a Canadian precious metals exploration and development company focused on Latin America. Metallica is well funded and has 24.5 million common shares outstanding. Visit Metallica's web site at www.metal-res.com and send e-mail to metallica@metal-res.com. THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF METALLICA RESOURCES INC., WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF THIS NEWS RELEASE. --30--MG/dx* CONTACT: Metallica Resources Inc., Denver Louis A. Lepry, Jr., President, (303) 796-0229, Ext. 303

To: Mike Gold who wrote (10120)	3/12/1999 3:38:00 PM
From: Trader J	Read Replies (1) \| Respond to of 25548

Looks like there are some nice large blocks crossing at the ask. TJ

To: Mike Gold who wrote (10120)	3/12/1999 4:06:00 PM
From: Dan P	Read Replies (1) \| Respond to of 25548

Mike: Another nice version of the release from Stockhouse, probably one of the two most popular Canadian Financial web sites. Dan Subj: Medinah Energy Inc. Reports Important New Discovery Date: 3/12/99 12:36:20 PM Pacific Standard Time From: newsblast@stockhouse.com (StockHouse - NewsBlast Services) To: dpa876@anima.nums.nwu.edu This news release can also be viewed on StockHouse at the following URL: stockhouse.com ******************************************************* Company: Medinah Energy Inc. Symbol: MDIN Exchange: OTC:BB 52 Week Low-High: $0.01 / 0.57 Current Price: $0..37 ***************************************************** Trading: OTC-BB Symbol - MDIN Cusip# 584892 20 2 Tel - (909) 245 9498 Fax - (909) 245 9438 Lake Elsinore, California - March 10, 1999 MEDINAH ENERGY IS VERY PLEASED TO ANNOUNCE THE FOLLOWING DISCOVERY IN CHILE. WITH THE RECENT SALE OF ARGENTINA GOLD TO HOMESTAKE FOR $300,000,000 IN THE AREA, THIS DISCOVERY COULD BE OF THAT MAGNITUDE OR GREATER. PLEASE READ THE FOLLOWING. CURRENT DIAMOND DRILLING REPORT DDH #99-01 ANOMALOUS GOLD VALUES - Drilled vertically to test a small geological IP target outside and west of a large IP anomaly. This target proved to be a pyrite halo zone in andesite rock. The hole was completed at a depth of 70 meters, returning anomalous gold values. DDH 99-02 CONFIRMED PRESENCE OF GOLD AND COPPER - Approximately 200 meters east of DDH 99-01, collared on the edge of a large IP anomaly. This vertical hole 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 meters, sulfide mineralization includes pyrite, molybdenite and chalcopyrite. Assays confirm the presence of copper and gold in low but significant values over a continuous thickness of approximately 140 meters. DDH 99-03 ORE GRADE GOLD/COPPER VALUES - Drilled vertically approximately 250 meters southwest of DDH 99-02, collared at the center of a large anomaly, in granodiorite to full depth. At 91 meters, the granodiorite was mineralized and highly silicified. Continuous breccia, silicification and mineralization - including massive pyrite and chalcopyrite - were observed from a depth of 91 meters to the bottom of the hole at 297.5 meters. Assays received to date returned values as follows with respect to ore grade intervals: Diamond Drill Hole 99-03 Depth From 91 meters to 176 meters: Gold: 1.979 gr/ton Thickness: 277 ft continuous Included within this zone: 97 meters to 108 meters: 3.71 grams gold/ton over 37 feet 113 meters to 123 meters: 2.88 grams gold/ton over 33 feet 155 meters to 159 meters: 9.875 grams gold/ton over 13 feet 92 meters to 127 meters: 0.772% copper over 114 feet The balance of copper assays from 127 meters to depth, balance of gold assays from 210 meters to depth, 297.5 meters, and all silver assays will be released when completed and verified for DDH 99-03. Due to the interesting geological and excellent assay results encountered in DDH 99-03, management has approved a recommendation from Gordon House, P.Geo., to expand the drill program. Several additional holes will be drilled in order to undertake a more complete geological study of the deposit at Alto de Lipangue. Anomalies on the neighboring property of Las Dos Marias, historically containing high grades of gold, will be drilled at some point during this current program. Since his early studies of the area in 1998, project geologist Gordon House has theorized the existence of a large mineralized hydrothermal system underlying the whole Alto de Lipangue/Las Dos Marias property. DDH 99-03 appears to have confirmed this. All assay work is contracted to a North American lab, Acme Analytical, and a second independent lab is completing verification assays. Pulps from the assays have been retained and half of the drill core is secured for analysis and inspection. On behalf of the Board of Directors Per: Larry Regis, President Management reminds all shareholders that they may be kept up to date about important shareholder communications by registering their shares. The information required and the forms to do this are located on Medinah's website. For further information, contact RGM Communications Inc. at 1-800-547-9375 or access the website at http:/www.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 anticipate 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. ***************************************************** This bulletin is sponsored by the company and/or another party and has been sent to you for no charge. This is a service provided by StockHouse to public companies so they can disseminate recent significant developments, which potentially can affect their share price. This is not an offer to buy and sell any security which can only be made through a registered representative. StockHouse makes no warrantees as to the accuracy or completeness of the above information. Visit StockHouse.com at stockhouse.com ******************************************************* -