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

To: on parole who wrote (11188)	4/15/1999 7:22:00 AM
From: Mike Gold	Read Replies (2) \| Respond to of 25548

Did Medinah sneak in New Claims? From the Press Release note the following: "The claim titles include the Gordon 1-60, Gordon 61-120, Amparo 1-40, Alta Mira 1-30, Mercedes 1-33, Juan Jose 1-25, Los Amigos 1-10, Concordia 1-20, Las Dos Marias 1-30, Lo Amarillo 1-72,and the Millalelfun 1-55 claims" These are the claims that Medinah nows owns clear title to. I have carefully checked my claims maps from the previous House Reports. Gordon 1-60, Gordon 61-120, and Amparo 1-40 have never been mentioned before to the best of my knowledge and therefore I conclude that these are, in fact, new claims. If anyone knows the what and where about these claims-let me know. My best guess is that some of these claims include the Lampa mine which was left off the original purchase deal and perhaps land between LDM and Lipangue. Thanks!

To: on parole who wrote (11188)	4/15/1999 7:23:00 AM
From: Handshake™	Respond to of 25548

Gold at lows in Europe on IMF gold sale fears LONDON, April 15 (Reuters) - Gold held at low levels in early European trading on Thursday after falling sharply the previous day on renewed fears of IMF sales of gold, dealers said. Gold opened almost $2 lower in Europe at $281.70/$282.10 a troy ounce compared to Wednesday's late European levels of $283.10/$283.60. It closed lower in New York at $281.20/$281.70. It was last trading at $281.60/$282.00 following a morning fix of $281.25. Dealers said remarks by the IMF Deputy Managing Director Alassane Ouattara on Wednesday that a ''large majority'' of countries were headed towards agreeing to sales to help fund debt relief for poor nations, strengthened worries over official sector gold sales. Quattara told Reuters in an interview the question was now more about how much to sell and that a decision on the issue could be taken on April 27, during the Spring meeting of the International Monetary Fund. ''It now seems there is a large majority which is heading towards a positive decision,'' he said when asked about the idea of gold sales, which has been pushed by, among others, the United States, Canada, France and Britain. Leading metals traders Standard Bank London said in a report on its internet website (http://www.standardbank.com) that the IMF news was not new but came at a time when gold failed to breach resistance at the $284.00-$285.00 level over the last three sessions. ''The dark cloud of official sales is hovering above gold market and sure enough a comment by the Deputy Managing Director of the IMF sparked a sudden $3 sell off which took gold quickly to $281.00,'' Standard Bank said. The report said heavy physical buying below $282.00 halted the losses but gold looked set to head lower still. ''With the Swiss divorce vote on de-linking the franc from gold coming up this weekend, gold is psychologically weak and the upside looks very limited with $284.00 - $285.00 now likely to prove a very difficult barrier to break,'' Standard Bank said. A London precious metals analyst said talk of sales from central banks will dominate the gold market over the next week. ''Central banks are going to be focus of attention...in terms of the market, the IMF gold sale of five to 10 million ounces are not a huge amount of gold, but it is the uncertainty factor,'' the analyst said. Analyst Andy Smith of Mitsui & Co said the gold market had been focussed on Sunday's Swiss referendum. There, voters will consider an overall revision of the Swiss constitution that severs the Swiss franc's link to gold but does not revalue the Swiss National Bank's gold reserves or address how surplus gold reserves can be used. ''It (IMF gold sales) serves to remind the market there is more than one bit of bad news around,'' he said. Silver was last quoted at $4.86/$4.89, down from the New York close at $4.87/$4.89. Traders said silver remained technically in negative territory although physical demand from India remained strong. Platinum was last quoted lower at $357.50/$359.50 an ounce against the $357.80/$359.80 close in New York and palladium just softer at $364.00/$369.00 against $364.90/$369.90.