SureTrader
Interactive Brokers Advertisement
Home > Boards > US OTC > Basic Materials >

Medinah Minerals (MDMN)

MDMN RSS Feed
Add MDMN Price Alert      Hide Sticky   Hide Intro
Moderator: Hurricane_Rick, Anvil, BigBaboon, Goldstrike
Search This Board: 
Last Post: 12/10/2017 9:18:25 AM - Followers: 353 - Board type: Free - Posts Today: 0


 Follow Medinah on Twitter
For more information on Medinah Minerals for shareholders e-mail: mdmnshareholder@gmail.com
 

 Basic Company Information                                                                                                                                                                                                                     

•  Stock Symbol:  MDMN
•  Website:  http://www.medinah-minerals.com
 

 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 www.otcmarket.com  http://www.otcmarkets.com/stock/MDMN/company-info

•  Transfer Agent:
American Registrar & Transfer Co.
342 East 900 South
Salt Lake City, UT, 84111
801-363-9065

 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.

 


 

http://www.medinah-minerals.com/photo_gallery.html
http://www.medinah-minerals.com/images/gallery/tunnel-breccia.jpg
http://www.medinah-minerals.com/images/example_coarse_gold_recovered.jpg
http://www.medinah-minerals.com/images/gallery/01-Los-dos-Marias-adit.jpg
http://www.medinah-minerals.com/images/gallery/copper.adit.2008.jpg
http://www.medinah-minerals.com/images/gallery/copper.adit.inside.2008.jpg

Video Tour of the Property is available here:   http://www.youtube.com/user/Medinahshareholders

Map of the property can be found here:

http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=lipangue,+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

 

  Daily Stock Chart                                                                                                                                                                                                                   

  

SureTrader
Interactive Brokers Advertisement
MDMN
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PostSubject
#78371  Sticky Note AURYN Thanks Outgoing Medinah CEO, Kevin Tupper Hurricane_Rick 09/21/17 10:18:14 PM
#78316  Sticky Note old skiddie (fka lestor price) still trying to Anvil 09/12/17 10:17:33 PM
#78266  Sticky Note A Horrible Shame... What's Kevin done... Boasting BigBaboon 09/07/17 09:27:19 AM
#77365  Sticky Note Dr. Richard Sillitoe to Evaluate the Altos de Hurricane_Rick 03/15/17 01:29:46 AM
#79033   Classic! GC Capitol 12/10/17 09:18:24 AM
#79031   Agreed Pocho69 12/09/17 09:49:07 PM
#79030   Wouldn't know about any of that... Les hasn't BigBaboon 12/09/17 05:20:34 PM
#79029   There's always a few, diehard minions, who can't Beth0515 12/09/17 11:24:33 AM
#79028   There's always... that small percent... of shareholders... who BigBaboon 12/09/17 08:10:04 AM
#79027   Too Funny... time will tell... the story...The story Beth0515 12/09/17 01:42:54 AM
#79026   Too Funny... kevin Tuypper... going to see Les BigBaboon 12/08/17 08:50:12 PM
#79025   There are... no baseless... claims... Kevin Tupper... is Beth0515 12/08/17 07:57:47 PM
#79024   There are... no baseless... claims... Kevin Tupper... is BigBaboon 12/08/17 07:42:47 PM
#79023   Every single one of the baseless claims regarding Beth0515 12/08/17 07:37:15 PM
#79021   And Kevin Tupper has turned out to be BigBaboon 12/08/17 06:38:11 PM
#79020   It is true that Auryn has been silent Beth0515 12/08/17 06:23:00 PM
#79019   Shareholders can gripe and complain all they want Zhenli 12/08/17 06:08:40 PM
#79017   Come on Auryn where is your f-1 filings. slckk 12/08/17 11:40:56 AM
#79016   "Somebody" = ? Gold_Coast 12/07/17 03:40:45 PM
#79014   The internet never forgets... the internet never forgets... BigBaboon 12/06/17 11:03:55 PM
#79013   All very true... without JJ... there would have BigBaboon 12/06/17 10:45:13 PM
#79012   Ah... somebody... daring to dream big... nothing wrong BigBaboon 12/06/17 10:39:34 PM
#79011   Ok... so someone thought it was a buy BigBaboon 12/06/17 10:31:14 PM
#79010   The Internet NEVER forgets: Older posts at Beth0515 12/06/17 10:15:46 PM
#79009   JJ and Family are not the seller(s)... JJ Beth0515 12/06/17 10:07:35 PM
#79008   Remember this conversation? I disputed our "opportunity Beth0515 12/06/17 10:03:51 PM
#79007   BUY and HOLD that is the only decision Beth0515 12/06/17 09:53:08 PM
#79006   It is time to Buy MDMN... IMHO... Beth0515 12/06/17 09:49:30 PM
#79003   Lets hope... Kevin Tupper's stench... is obviously still BigBaboon 12/06/17 10:20:12 AM
#79002   Never a dead horse around when you need one.... GC Capitol 12/05/17 04:40:21 PM
#79001   3 weeks left hopefully some updates soon. slckk 12/05/17 03:35:09 PM
#79000   It seems to me that shareholders have indicated Zhenli 12/05/17 01:54:50 PM
#78999   Medinah Minerals, Inc. Announces Completion of Sales Agreement Zhenli 12/04/17 12:00:23 PM
#78998   The lies... just seem to continue... is right... BigBaboon 12/02/17 08:51:53 AM
#78997   Not sure anyone new is looking at MDMN... BigBaboon 12/02/17 08:50:19 AM
#78996   Same scam... new perpetrators... First Les... then Kevin BigBaboon 12/02/17 08:45:46 AM
#78993   HA HA HA LIES LIES LIES Chilean spy 12/02/17 12:05:00 AM
#78992   I CANNOT BELIEVE POEPLE ARE STILL LOOKING AT Chilean spy 12/02/17 12:03:51 AM
#78991   this SCAM HAS BEEN GOING ON FOR TOOOOOOOO Chilean spy 12/02/17 12:01:21 AM
#78988  Restored "Kevin Tupper... was the one... boasting he'd see Veblen 12/01/17 06:52:28 PM
#78987   Altos de Lipangue waits ramp up production Zhenli 12/01/17 12:02:29 PM
#78986   It comes as no surprise that some shareholders Zhenli 11/30/17 04:46:57 PM
#78983   Kevin Tupper... was the one... boasting he'd see BigBaboon 11/28/17 08:21:18 PM
#78982   This stock is only good for the insiders Pocho69 11/28/17 05:29:34 PM
#78981   SANTIAGO, Chile – June 16, 2016 at 4:32 pm Zhenli 11/28/17 02:23:28 PM
#78980   I suspect recovery of shares from Les or superdow 11/28/17 12:29:47 PM
#78979   Quote from another Medinah shareholder: Zhenli 11/28/17 10:51:59 AM
#78978   LOL... did you read the last quarterly report...??? BigBaboon 11/27/17 08:31:59 PM
#78977   No links to supports those claims other than Surwin 11/27/17 10:35:55 AM
#78976   It appears... all of Kevin Tuppers... lemmings... saw BigBaboon 11/27/17 10:29:20 AM
#78975   Slander from Les Price lemmings should not go Surwin 11/27/17 10:26:38 AM
#78974   Proof... is right in front of all to see... BigBaboon 11/27/17 10:24:44 AM
#78973   Yes, that is so true, but on the Surwin 11/27/17 10:22:35 AM
#78972   Where is the proof. That is what Surwin 11/27/17 10:14:35 AM
PostSubject