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Medinah Minerals (MDMN)

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Last Post: 4/26/2017 6:16:41 PM - Followers: 355 - Board type: Free - Posts Today: 5

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 Basic Company Information                                                                                                                                                                                                                     

•  Stock Symbol:  MDMN
•  Website:

 Business Description                                                                                                                                                                                                                                 

Medinah Minerals (MEDINAH) (OTC Pink: MDMN) is a publicly traded company.  At this time MEDINAH is primarily a holding company.  Our primary assets include:
  • a 25% equity position (25,000,000 shares) in the private company, AURYN Mining Chile SpA (AURYN).
    a 5 year option to purchase 5,000,000 shares from AURYN for $50,000,000.00 US, and
    a 15% equity position in NUOCO, a private company of which AURYN owns the remaining 85%.

AURYN is the owner of the Altos de Lipangue (ADL) project, comprising over 10,500 hectares. The ADL is adjacent to Lampa, Chile and about 30 kilometers northwest of Santiago, Chile.  MASGLAS, AURYN’s parent company has an executive summary of the ADL Project and further details can be found on AURYN’s page.


  Share Structure Information                                                                                                                                                                                                                     

•  Shares Outstanding: 1,348,803,000 as of 3/31/2016
•  Float:  732,890,000 as of 12/31/2013
•  Authorized Shares:  3,000,000,000 common as of 12/31/2015
•  Class C Preferred Convertible Shares:  100,000,000 as of 12/31/2012

Share structure updated from

•  Transfer Agent:
American Registrar & Transfer Co.
342 East 900 South
Salt Lake City, UT, 84111

 Brief History                                                                                                                                                                                                                                               

Prior to owning shares in AURYN, MEDINAH was an owner of several of the mining claims that were part of the ADL.  For a number of reasons, including multiple owners of ADL claims, the former management team of MEDINAH was unable to significantly advance the exploration and development of the claims it had a partial interest in.

With the assistance of AURYN, MEDINAH secured 100% ownership of its claims in October of 2013.  Subsequently the former management team continued to work with AURYN and recently closed a sales agreement that allowed AURYN to consolidate the entire ADL mining district and provided MEDINAH shareholders with a 25% equity stake in AURYN Mining Chile SpA.

 Key ADL Project Points                                                                                                                                                                                                                             

  • Over 10,500 hectares with many excellent exploration targets
    Mine preparation underway for exploitation of the Caren-Merlin high grade gold veins with production estimates of:
    • 5,000 troy ounces in 2016
      25,000 troy ounces in 2017

    Fully financed operation through MASGLAS
    Expectation to be cash flow positive in 2016

  Alto de Lipangue                                                                                                                                                                                                                                     

The Alto de Lipangue plateau's claims consist of a gold, copper, silver and molybdenum complex of approximately 10,000 hectares located along the Andes coastal mountain range approximately 35 kilometers NW of Santiago, Chile in the Metropolitan Region of Chile. Medinah's Lipangue claims are believed to encompass a large copper/gold porphyry as first confirmed by Gordon House, former (dec.) P. Geo of Medinah, as suggested by independent geological analysis provided by A.C.A. Howe on the property and the Satellite Imagery Report by Clemente Sepulveda Perez (contracted by Vale and BHP Billiton). It is of significant note that Perez concluded in his report that "2 PORPHYRIES ARE PRESENT AND A VARIETY OF MINERALIZATION TYPES WERE IDENTIFIED. AT LEAST "HUNDREDS OF MILLIONS OF TONS OF RESOURCES" ARE PRESENT IN THE UPPER PARTS OF THE PORPHYRIES AND SKARNS. HE CITES THAT THIS IS WITHOUT A DOUBT A "WORLD CLASS" DEPOSIT."

Key Points of Alto de Lipangue:

1)  Approximately a 140 square Km (according to C. Sepulveda Perez) area of landholdings.

2)  18 holes drilled to date identifying an approximately $[2] billion "measured resource" at today's prices (July 2011).  This "Gordon" breccia pipe is open in all directions, measures 80-meters in "True width" and dips to the south and east.

3)  A second breccia/skarn discovered at the northern aspect of the Lobo property of Cerro Dorado, Inc. "Containing upwards of 3% copper, plus gold, plus moly".  The Northern Lobo breccia/skarn outcrops over 1,000-meters in length and 80-meters in width over a 400-meter elevation range from 1,300 to 1,700 meters.  This was described by its discovering geologist at the recent annual meeting as "A major mineralized breccia pipe".

4)  A "Stockworks" discovery has been identified by one of the visiting major mining firms southwest of the "Gordon" breccia pipe.  No surface or depth dimensions are available yet to my knowledge.

5)  A 250-meter by 250-meter "Bowl-like depression" (Suspected breccia) near the airstrip bordering the southern Alto and Lobo (Cerro Dorado) properties.  This depression coincides with very favorable geochemical sampling as well as Induced Polarization findings of "High resistivity" (heavy silicification from the presence of quartz which often is associated with gold) and "highly polarized" indicating the presence of sulphides often found bonded to various metals.  Surface sampling revealed 6-10 gm/tonne gold plus moly.

6)  Three past-producing molybdenum mines on site near the 1,000 meter elevation level (the plateau is at 2,000 meters).  This finding is very consistent with the thesis of a copper-moly porphyry as molybdenum typically concentrates at lower elevations near the outer aspects of the "Porphyry stock" (Lowell-Guilbert model).  At the most recent Annual General Meeting of Medinah Minerals, Inc. Sr. Quijano noted that the molybdenum assay results in this area were approximately 10 times that of the average molybdenum mine.  Medinah's head geologist brought samples of very high concentration moly containing rocks found near the Carrizo Mine adit.  Native molybdenite looks an awful lot like graphite and has a similar "slippery" texture.

7)  Many vein systems one of which, the Fortuna Vein (Cerro Dorado), averaged gold production values of 63.4 gm/tonne from 1940-1970.  ACA Howe report suggests that these veins have barely been touched and remain mostly unexplored.  Other veins include the Veta Rica, the Guarani, the Caren and the Veta Espanola.

8)  Mineralized 80-meter wide shear zone found at Las Dos Marias.  This has been traced at surface for over 700 meters before it dipped below the volcanic andesite layer.  The 71-meter level revealed a 1-meter intersection measured by ACA Howe as containing 454 gm/tonne gold.

9)  Copper skarn/manto discovery at Las Dos Marias on the eastern flank of the "Quebrada Durazno" ("Peach gulch").  The junction between the low sulphidation gold-copper porphyry and this skarn has been identified.

10)  40 Km of roads recently built and/or refurbished.  "Road cuts" into the side of the mountain throughout the property reveal mineralization nearly ubiquitous in nature.  This is especially true at the "North" road (Cerro Dorado) with its 24 "switchbacks" cut into the mountain side revealing copious amounts of mineralization.

11)  Many, many kilometers of adits (horizontal tunnels), chimneys, trenches, shafts, etc. completed over the last 30 years.

12)  Tailings piles from artisanal workings average 5.3gm/tonne gold.

13)  Close proximity to the Ventanas (Codelco) and Chagres (Anglo American) smelters.

14)  Close proximity to the seaport of Valparaiso.

15)  Close proximity to a major electrical grid west of Lampa.

16)  Close proximity to Santiago (approximately 37 Km)

17)  Relatively low elevation of 500 to 2,000 meters with water issues much less severe than the Andean or Atacama Desert porphyry mines at higher elevations where ACA Howe reports the infrastructure to be "basically nonexistent".  Water issues, electricity issues and natural gas issues at the higher elevations are a huge problem that might curtail copper production and buoy prices and the attractability of discoveries at lower elevations.

18)  Roughly estimated average of $100/ tonne "Rock" containing copper, moly, gold and silver.

19)  Extremely roughly estimated ore body size of 800 million tonnes (Via crude extrapolation of an average-sized copper-moly porphyry and an average-sized copper-gold porphyry). 

20)  Host country of Chile considered by many as the safest and most mining-friendly country in South America if not the world.

21)  Over a dozen major mining firms have shown interest by making repeated site visits and signing non-disclosure agreements (NDAs).

22)  Porphyry discoveries are considered very homogenous and not likely to present any shocking disappointments as to size and/or grade.  Their grades are not supposed to be spectacular.  They're known for being huge and of moderate to low grade.  They are the target of choice for most mining companies due to their long mine lives.

23)  Codelco (the Chilean government's mining arm and largest producer of copper in the world) recently staked the properties contiguous to the south where they recently embarked on an airborne geophysical study.

Video Tour of the Property is available here:

Map of the property can be found here:,+chile&sll=-33.287705,-70.894775&sspn=0.040968,0.065918&ie=UTF8&t=h&z=12&lci=lmc:panoramio,lmc:youtube,lmc:wikipedia_en


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Current Price
Bid Ask Day's Range
#77477  Sticky Note This was a share selling pump and dump Toxic Avenger 04/07/17 05:39:40 AM
#77365  Sticky Note Dr. Richard Sillitoe to Evaluate the Altos de Hurricane_Rick 03/15/17 01:29:46 AM
#77136  Sticky Note ADL Project Update – January 2017 Hurricane_Rick 01/30/17 09:56:05 AM
#75310  Sticky Note Toxic Avenger 08/23/16 12:39:26 PM
#77506   I am intrigued... Which part of the Beth0515 04/26/17 06:16:41 PM
#77505   Next week hahahahahahahah mrPiNK 04/26/17 03:58:55 PM
#77504   Indeed and only the insiders in the luxury JRLopehandia 04/26/17 12:29:11 PM
#77503   What a crook you are pal... that broken JRLopehandia 04/26/17 12:27:53 PM
#77502   the extraordinary journey we've been on... and neutral1 04/26/17 11:19:49 AM
#77501   MDMN price... has little to nothing... to do BigBaboon 04/25/17 11:25:30 PM
#77500   LOOOLLLLL Pocho69 04/25/17 10:36:17 PM
#77499   I am enjoying... nothing can compare to this Beth0515 04/25/17 04:36:41 PM
#77498   Do not forget to feed the boss for JRLopehandia 04/25/17 11:06:55 AM
#77497   I am enjoying... thank you... and you are BigBaboon 04/24/17 09:17:05 PM
#77495   Probably soon...Oh, no doubt there. Probably... next... week...! Beth0515 04/24/17 06:31:34 PM
#77494   Probably soon... a little patience... and before BigBaboon 04/20/17 08:22:38 PM
#77493   " Veblen 04/20/17 04:22:10 PM
#77492   No updates for the peons....the cone of silence superdow 04/15/17 03:46:31 PM
#77491   Not me....its pretty clear that auryn isn't going superdow 04/15/17 03:43:10 PM
#77490   I only have 250,000 shares left.. Do myrtle222 04/13/17 07:16:53 PM
#77489   how is it possible that trading could be superdow 04/13/17 04:03:45 PM
#77488   That's one of Les's "enterprises". It's defaulting superdow 04/13/17 04:02:50 PM
#77487   Good Question myrtle222 04/12/17 11:07:29 PM
#77486   "RYAN MORTGAGE INCOME FUND INC. v G.X.K. VENTURES INC." Veblen 04/12/17 03:37:46 PM
#77485   Must have lots of negotiating to do..RYAN MORTGAGE myrtle222 04/11/17 07:12:06 PM
#77484   Maybe they are still and negotiations with Les...??? BigBaboon 04/11/17 07:30:53 AM
#77483   I'm not positive but I think there was myrtle222 04/10/17 10:47:08 PM
#77482   It would be interesting to know how Medinah Minichiello 04/10/17 10:26:48 PM
#77481   It would be interesting to know how Medinah myrtle222 04/10/17 08:32:56 PM
#77480   MDMN's holdings were (and still are) unproven. When Toxic Avenger 04/07/17 12:42:42 PM
#77479   "This was a share selling pump and dump Veblen 04/07/17 11:50:49 AM
#77478   I don't trust him as far as I superdow 04/07/17 11:22:24 AM
#77477   This was a share selling pump and dump Toxic Avenger 04/07/17 05:39:40 AM
#77476   Management wasn't thinking. That's obvious Minichiello 04/06/17 09:31:33 PM
#77475   Management wasn't thinking. That's obvious. Veblen 04/06/17 05:14:33 PM
#77474   WTF was management thinking when it put itself superdow 04/06/17 03:21:46 PM
#77473   Would be nice to get an update on superdow 04/06/17 03:19:34 PM
#77472   I have my doubts as to if Auryn jetpilot1101 04/06/17 01:30:03 PM
#77471   correct....his position as auryn's communication director was in superdow 04/06/17 01:19:30 PM
#77470   He resigned as Director of Communications for Auryn. jetpilot1101 04/06/17 01:02:46 PM
#77469   I don't read too much into it...It made superdow 04/06/17 11:51:38 AM
#77468   Kevin resigns. Quo Vadis? Veblen 04/06/17 10:36:08 AM
#77467   Thanks for the correction. Veblen 04/04/17 09:07:01 AM
#77466   they are only taking 4% of the cdch's superdow 04/03/17 04:40:48 PM
#77465   If MDMN has been sent a CASH CALL Veblen 04/03/17 03:15:10 PM
#77464   You nailed it! Veblen 04/03/17 02:46:18 PM
#77463   The implication is that with a cash call superdow 04/03/17 01:37:53 PM
#77462   lol, no the former. check out the superdow 04/03/17 10:17:54 AM
#77461   Can you post the link? jetpilot1101 04/03/17 10:08:58 AM
#77460   Cerro Dorado, Inc. - CDCH Toxic Avenger 04/03/17 05:50:38 AM
#77457   and the sister company name ? myrtle222 04/03/17 04:30:02 AM
#77456   Did anybody notice that mdmn's sister company must superdow 04/02/17 08:53:40 PM
#77454   Make 50% here... a 1000% there... as MDMN BigBaboon 04/01/17 09:35:17 PM
#77453   50% return...!!! Can't complain about that... but where Beth0515 04/01/17 01:02:25 PM