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

To: Richard S. Gates who wrote (14797)	6/1/1999 3:58:00 PM
From: Mike Gold	Respond to of 25548

Richard, the veins from LOBO orginate from the Lipangue porphyry system. Nice values but grab samples are only good for indicating the presence of gold-not the grade/quantity of gold. Since a sample interval was not mentioned in the PR-assume grab sample. The veins were mined economically in the past-good potential that they can be mined profitably in the future. The IPUN property is actually IPUN Island which is owned by Medinah Gold and is located near 45 Degress of LAT. many miles offshore from the Chilean mainland. Sounds like Medinah Gold might sell the island or perhaps JV with Cerro Dorado and/or other parties. Can't say much about the geologic potential of the island without more data.(Sounds like a epithermal and/or porphyry system in the interior of the island which has partially eroded and deposited placer deposits at the beach.) Note: The grades/quantities at the island would need to be quite high in order to make it economical-the island is VERY remote.