Medinah Minerals (MDMN)

[Toxic Avenger]

Not particularly good news.
"Ore grade refers to the proportion of gold contained in the ore of a particular mine and is represented in grams per tonne (g/t). According to the World Gold Council (WGC), larger and better quality underground mines contain around 8 to 10g/t, with marginal underground mines have averages of around 4 to 6g/t. Open pit mines usually have lower grades from 1g/t to 4g/t, but can be highly valuable despite the lower average grade. A more useful measurement, says the WGC, is cost per ounce, which uses a combination of grade and operating costs (USD/tonne)."

"AURYN Mining Chile reports that drill hole L14-22 encountered a 7-meter interval with 3.12 au gr/t, 34.71 ag gr/t and 0.57% copper.
Included in this intersection was 1 meter of very high-grade material assaying 19.31 gr/t gold, 198.00 gr/t silver and 3.66% copper."

So 7-meters of how many? averaged 3.12 g/t of gold. Presumably the rest of the drilling yield far less or nothing.