MEDINAH MINERALS INC. SHAREHOLDERS UPDATE
July 9, 2009
Dear Medinah Shareholders:
Previously, Medinah Minerals Inc. had negotiated a 5% ownership interest holding in Global Gold Valdivia S.C.M. (Madre de Dios mining property, Chile). Medinah Minerals, Inc., due to a gambit of business concerns with its prior position in Global Gold, has opted to exchange its 5% ownership holding into other entities. Company President/CEO, Juan Jose Quijano Fernandez, has renegotiated, registered and fully recorded Medinah Minerals, Inc., as the legal owner of a 5% share interest in the "Compania Minera Pumillahue," (see the operational plant pictures on the Company website), as well as an additional 15% ownership interest in the mineral claims known as the POLO Claim(s), and legally identified as the "Sociedad Legal Minera POLO."
On June 1, 2009, pursuant to legal documents signed, sealed and registered with applicable governmental authorities in Chile, Medinah Minerals, Inc. became the owner of five shares in "Compania Minera Pumillahue" which represents 5% of the total shares issued.
Under the guidance of Iván Pedreros Zarzuri (Compania Minera Pumillahue President) and Bruce Turner (General Manager), the Pumillahue Company has constructed a complete state-of-the-art gold processing plant at the Madre de Dios-Pumillahue sector, which is also known as Manto Azul. A "Knelson" concentrator has been installed at site to improve the recovery of the fine gold.
Exploration is continuing with the completion of 29 drill holes and the construction of a 30-metre shaft to sample additional structures. To date, the program has identified a gold-bearing "manto" of approximately 6.8 km with an intended target to duplicate the length. The final approval for production will proceed when the grade of the deposit is confirmed with the current exploration program. For further information, visit the website currently under production at http:/pumillahue.com/english/contact_us.php.
The POLO mineral claims, 1-780, are located near Santa Cruel in the VIII region about 600 km (360 miles) to the south of Santiago, Chile. The property is accessed and serviced with year-round roads, on-site electrical energy and sufficient water for an industrial processing facility. The mining properties cover a surface area of approximately 3,000 hectares in the lower Andes Mountain range at an elevation of 1,500 meters.
The mineral(s) deposit consists of copper, gold, silver and molybdenum with preliminary assays ranging from 2-5 grams of gold per ton, 1.5-6.0% per ton in copper, and 40-70 grams silver per ton. A molybdenum deposit was recently discovered in the northern part of the property and will be further explored. Several adits, up to 100 meters long, have already been developed to facilitate further exploration purposes.
A seasoned and highly efficient geological crew is now on site and tasked with carrying out a complete property assessment. Additionally, they will be preparing a detailed report of the property that will be published on the Medinah Minerals, Inc. website upon completion.
The Medinah Company Management is arduously pursuing every avenue toward the completion of the Joint Venture Agreement on the Alto de Lipangue property.
Respectively,
Juan Jose Quijano Fernandez
President and CEO
