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Medinah Minerals (MDMN)

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Last Post: 12/4/2016 11:29:15 PM - Followers: 361 - Board type: Free - Posts Today: 0

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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
#76146  Sticky Note Gagged T/A is a sign of dilution, but Toxic Avenger 10/03/16 05:26:40 AM
#75310  Sticky Note Toxic Avenger 08/23/16 12:39:26 PM
#75067  Sticky Note MEDINAH Clarifies AURYN Sales Agreement Hurricane_Rick 07/14/16 09:12:02 AM
#74857  Sticky Note Caren Mining Preparation Commences Hurricane_Rick 06/16/16 08:08:19 PM
#76695   Oh Yeah...!!! BigBaboon 12/04/16 11:29:15 PM
#76694   United States taxpayers who lost more than $3000.00 Beth0515 12/04/16 11:07:28 PM
#76693   Hey... why not... it's MDMN Tax Loss Season... BigBaboon 12/04/16 07:20:57 PM
#76692   United States taxpayers who lost more than Veblen 12/04/16 07:03:52 PM
#76691   They are some very good properties out there, Minichiello 12/02/16 10:49:05 PM
#76690   Ah...??? Auryn has the Mountain... to develop... BigBaboon 12/01/16 09:05:54 PM
#76689   I was being a tad facetious. Les and jetpilot1101 12/01/16 06:22:01 PM
#76688   Jet. I believe you are being partially facetious on 536hr 12/01/16 04:06:01 PM
#76687   They've been trying to develop this mountain of jetpilot1101 12/01/16 12:59:19 PM
#76685   They need something to develop! myrtle222 12/01/16 11:37:37 AM
#76684   MDMN... will survive... and probably do OK... from BigBaboon 11/30/16 10:46:08 PM
#76683   "This is BS. Nobody has contacted the company Minichiello 11/30/16 09:15:43 PM
#76680   MDMN will rely on the development... of the neutral1 11/30/16 10:36:19 AM
#76679   It lines the lawyers pockets... MDMN will rely BigBaboon 11/30/16 09:38:03 AM
#76678   What does all this litigation and arguing accomplish? Veblen 11/30/16 09:10:20 AM
#76677   My apologies - what I meant by "listed" jetpilot1101 11/30/16 08:39:19 AM
#76676   Les Price... one of a kind... I'd say... BigBaboon 11/30/16 07:06:54 AM
#76675   Experienced junior company corporate people have offered to Hurricane_Rick 11/30/16 04:15:48 AM
#76674   Experienced people who have cleaned up companies in Hurricane_Rick 11/30/16 04:11:03 AM
#76673   Medinah management has already made two basic errors Beth0515 11/30/16 12:36:34 AM
#76672   Medinah is not a listed company. It trades Minichiello 11/29/16 11:24:14 PM
#76671   I think its called... muddying the water...??? BigBaboon 11/29/16 10:53:03 PM
#76670   I was talking about current management NOT past management. Minichiello 11/29/16 10:40:56 PM
#76669   The MDMN three ring circus continues unabated. Every jetpilot1101 11/29/16 07:34:54 PM
#76668   If past history is any indication of what myrtle222 11/29/16 05:19:21 PM
#76667   Truth is what attorneys call "a complete defense". Veblen 11/29/16 04:45:58 PM
#76664   Slimeball, forger and thief Leslie Price sues MDMN Beth0515 11/29/16 03:01:16 PM
#76663   What a plot for a movie. Veblen 11/29/16 03:01:13 PM
#76662   It just keeps getting better. jetpilot1101 11/29/16 02:36:34 PM
#76661   It sounds like the lawyer filing the claim jetpilot1101 11/29/16 12:51:03 PM
#76660   its unclear whether the mdmn attorney in vancouver Beth0515 11/29/16 12:15:03 PM
#76659   the full article is on the other board....interesting superdow 11/29/16 11:12:47 AM
#76658   MDMN responds. If anyone is a subscriber, it jetpilot1101 11/29/16 10:07:10 AM
#76657   I disagree. Management is best at reviewing the Beth0515 11/29/16 01:49:44 AM
#76656   I disagree. Management is best at reviewing the Minichiello 11/29/16 12:04:20 AM
#76655   In no fairness, having Kevin posting on the Minichiello 11/28/16 11:53:02 PM
#76654   In all fairness, Kevin Tupper did post twice Beth0515 11/28/16 11:43:56 PM
#76653   Is anyone having issues accessing the other board? Done Deal 11/28/16 09:40:21 PM
#76651   In all fairness, Kevin Tupper did post twice jetpilot1101 11/28/16 10:47:20 AM
#76649   I'm guessing... MDMN is waiting for Auryn to BigBaboon 11/27/16 09:10:03 PM
#76648   I suspect that, somewhere, somehow, there is a nsomniyak 11/27/16 08:56:36 PM
#76647   No twitter posts since September 28, no news Minichiello 11/27/16 08:51:07 PM
#76646   Wishing Everyone a Happy Thanksgiving...!!! BigBaboon 11/24/16 09:56:32 AM
#76645   Not only is "over deliver" an unknown concept Beth0515 11/23/16 01:38:17 AM
#76644   Not only is "over deliver" an unknown concept nsomniyak 11/22/16 04:47:28 PM
#76643   Mr. Tupper, how about an update on the superdow 11/22/16 04:04:50 PM
#76639   LOL... MDMN... is being led... by the Wizard.. BigBaboon 11/18/16 09:27:01 AM
#76638   Yes sure and Wizard of Oz is real. Pocho69 11/18/16 09:13:14 AM
#76637   A MDMN chart was shown... charts show BigBaboon 11/18/16 08:08:07 AM
#76636   "MDMN is sounding more and more... like a Beth0515 11/18/16 03:25:05 AM