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Medinah Minerals (MDMN)

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Last Post: 9/27/2016 11:44:06 PM - Followers: 362 - 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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Bid Ask Day's Range
#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
#71910  Sticky Note Several have asked how I know almost 5 Toxic Avenger 11/01/15 02:18:08 PM
#66785  Sticky Note Thank you for posting this. The importance of Hurricane_Rick 10/24/14 03:26:18 PM
#76063   Hi Beth, Hurricane_Rick 09/27/16 11:44:06 PM
#76062   No... why would there be hesitation...??? BigBaboon 09/27/16 11:09:12 PM
#76061   Lol you know is an I dot Pocho69 09/27/16 08:10:33 PM
#76060   We must..connect...the arrive at a probable conclusion...depending Goldstrike 09/27/16 05:29:01 PM
#76059   MDMN Daily Chart ~ There's Always a Time Ex Blockman 09/27/16 05:09:50 PM
#76058   Lol is all those dots. Pocho69 09/27/16 04:46:12 PM
#76057   I'm sure many will be digesting... and expressing...their Goldstrike 09/27/16 04:08:09 PM
#76056   What make you think that? Pocho69 09/27/16 03:47:16 PM
#76055   Are you planning on attending the meeting? Beth0515 09/27/16 01:57:59 PM
#76054   I do believe that to be correct... I BigBaboon 09/27/16 10:10:27 AM
#76053   Hi Beth, Hurricane_Rick 09/27/16 09:44:15 AM
#76052   Right Pocho69 09/27/16 08:30:03 AM
#76051   "Currently, for me and a few friends, other Veblen 09/26/16 03:14:35 PM
#76050   Yes... just indicators.. suggesting a possibility... depending BigBaboon 09/26/16 10:42:12 AM
#76049   Hey Big B Ex Blockman 09/26/16 10:29:06 AM
#76048   And thanks Ex Blockman... always appreciated... if the BigBaboon 09/26/16 09:16:33 AM
#76047   Hey Spy Ex Blockman 09/25/16 10:43:45 PM
#76046   I'm sure many will be digesting... and expressing BigBaboon 09/25/16 10:40:07 PM
#76045   I can't wait to hear from you after Beth0515 09/25/16 08:51:36 PM
#76044   Lol Pocho69 09/25/16 07:02:45 PM
#76043   I can't wait to hear from you after Veblen 09/25/16 05:02:38 PM
#76042   A goat, a Rabbi, and a "Nuccohead" are Goldstrike 09/25/16 12:53:07 PM
#76041   Perhaps we were "Nuccoheads" for having put money Goldstrike 09/25/16 11:49:17 AM
#76040   I've never heard of the "Nucco" claim. Geesh! Goldstrike 09/25/16 09:39:34 AM
#76039   The ADL claims... Fortuna... Nucco... etc... still have BigBaboon 09/25/16 09:32:50 AM
#76038   I'm not convinced the claims had/have economic potential. Toxic Avenger 09/25/16 08:56:06 AM
#76037   Glad I fell only to the tune of Goldstrike 09/25/16 08:45:55 AM
#76036   And then to shift it all into PRIVATE myrtle222 09/25/16 07:02:27 AM
#76035   This is such a common theme with stinky Toxic Avenger 09/25/16 05:40:34 AM
#76034   JJ is gone... out of the picture... Nada... BigBaboon 09/24/16 11:34:20 PM
#76033   I've searched high and low over the years Goldstrike 09/24/16 11:11:22 PM
#76032   We'll find out what they have to say BigBaboon 09/24/16 09:36:47 PM
#76031   JJ is a con man. If he is jetpilot1101 09/24/16 08:23:28 PM
#76030   JJ is not even listed in the attorneys Pocho69 09/24/16 06:54:56 PM
#76029   I'm tired of hearing about the 'Lett's Reputation" Beth0515 09/24/16 02:47:59 PM
#76028   Don't be so sure they will be so Veblen 09/24/16 02:12:14 PM
#76027   "It seems like the more they steal from Veblen 09/24/16 01:57:23 PM
#76025   And a New Dawn rising... again... BigBaboon 09/23/16 09:09:47 PM
#76024   I'm sure the sooner Auryn... resolves/deals with... this Beth0515 09/23/16 08:05:38 PM
#76023   Here's another blast from the past from the Beth0515 09/23/16 07:55:36 PM
#76022   I'm sure the sooner Auryn... resolves/deals with... this BigBaboon 09/23/16 07:20:25 PM
#76020   Auryn is holding... conducting... the meeting... it should BigBaboon 09/23/16 07:00:38 PM
#76019   We'll find out the actual answers... when the Beth0515 09/23/16 06:50:30 PM
#76018   Thanks! I do try to add some perspective Toxic Avenger 09/23/16 06:47:34 PM
#76017   One more note, if indeed a billion plus Beth0515 09/23/16 06:40:56 PM
#76016   No, my bad. I'm the kind of Beth0515 09/23/16 06:32:01 PM
#76015   Ah, 2015. My apologies. I thought you were Toxic Avenger 09/23/16 05:57:52 PM
#76014   I appreciate the shout out and I have Beth0515 09/23/16 05:18:05 PM
#76013   I appreciate the shout out and I have Toxic Avenger 09/23/16 04:15:16 PM
#76012   Remember when Auryn had 50 million shares. I Beth0515 09/23/16 03:55:16 PM