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Medinah Minerals (MDMN)

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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

 

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PostSubject
#79065  Sticky Note Medinah – A Recap and Look Forward Hurricane_Rick 12/15/17 04:36:07 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
#79261   Tic Toc…silence and then more silence! Zhenli 02/16/18 04:58:33 PM
#79260   Maybe...??? we wait and see... BigBaboon 02/16/18 08:19:02 AM
#79259   You won't have to move on. Auryn Veblen 02/16/18 07:56:19 AM
#79258   It`s a scam Pocho69 02/14/18 07:22:42 PM
#79257   I think it’s time to stop touting all Zhenli 02/13/18 01:33:28 PM
#79256   Does anybody know what’s happening with this company slckk 02/13/18 11:38:29 AM
#79255   Yes Pocho69 02/09/18 01:57:43 PM
#79254   It was a scam from the get go. Toxic Avenger 02/08/18 03:09:15 PM
#79253   Yes it was. But the property still Goldstrike 02/08/18 02:52:58 PM
#79252   Yes it is l Pocho69 02/07/18 09:52:52 PM
#79250   It's a scam. Has been from day 1. Toxic Avenger 02/07/18 03:19:20 PM
#79249   I guess some stockholders must be divesting themselves myrtle222 02/06/18 01:05:54 AM
#79248   Les must have some leftovers.Lol Pocho69 02/05/18 03:06:23 PM
#79247   Yes I was just kidding....but it is incredible superdow 02/03/18 06:31:32 PM
#79246   Lol, are you kidding??? Pocho69 02/02/18 09:07:24 PM
#79245   Is the TA still gagged? I would superdow 02/02/18 03:42:01 PM
#79244   Is Freeport McMoRan negotiating with Masglas to partner Zhenli 02/01/18 10:47:02 AM
#79243   Not thinking this is a scam, just looking Goldstrike 01/31/18 06:24:45 PM
#79242   Scam alert Pocho69 01/31/18 05:49:26 PM
#79241   Good questions. Could it be that the Goldstrike 01/31/18 11:26:07 AM
#79240   From this release by Auryn: AURYN Sells Zhenli 01/30/18 03:59:50 PM
#79237   No... we're talking about... past contracts... it was BigBaboon 01/29/18 09:56:41 AM
#79236   You mean Cerro Dorado's ADL property. Hurricane_Rick 01/28/18 07:50:22 PM
#79235   Appears MASGLAS... is paying cash... upfront... and in BigBaboon 01/27/18 07:01:37 PM
#79234   (Marketwired - Nov. 27, 2017) - Revelo Resources Zhenli 01/27/18 02:57:36 PM
#79233   Last release from Masglas/Auryn list quite an impressive Zhenli 01/25/18 05:58:14 PM
#79232   There seems to be only one struggle here, Gold_Coast 01/25/18 03:30:45 PM
#79231   Stop the bleeding give us some news. slckk 01/25/18 12:08:34 PM
#79230   No... I wouldn't agree with that... it will BigBaboon 01/24/18 09:33:57 PM
#79229   Sure, just around the corner. Pocho69 01/24/18 08:46:43 PM
#79228   Yeah, I learned.. Five or six years Beth0515 01/23/18 11:52:07 AM
#79227   Auryn was able to get their hands on Zhenli 01/23/18 09:54:57 AM
#79226   I see you learned , as I did. Veblen 01/22/18 09:37:42 PM
#79223   What are they doing other than working on slckk 01/22/18 02:15:28 PM
#79222   lol Pocho69 01/21/18 09:43:34 PM
#79221   Only time will tell... but it will be BigBaboon 01/21/18 07:45:48 PM
#79220   More proof that the age old axiom "even Beth0515 01/21/18 06:55:06 PM
#79219   I hope... you're not talking... about MDMN... BigBaboon 01/21/18 11:33:29 AM
#79218   Just want to believe that friends would not Beth0515 01/19/18 08:12:45 PM
#79217   Just want to believe that friends would not myrtle222 01/19/18 03:55:11 PM
#79216   Have we more stubborn ... or simply able Gold_Coast 01/17/18 09:50:11 PM
#79215   It’s not difficult to understand why we haven’t Zhenli 01/17/18 11:57:52 AM
#79214   That definition applies to JJ and Les. Pocho69 01/13/18 06:27:13 PM
#79212   What's to decipher ? Myth 01/13/18 03:13:39 PM
#79211   You got it. Pocho69 01/12/18 06:23:41 PM
#79210   they have no money and they aren't mining superdow 01/12/18 05:58:56 PM
#79209   Does not seem that the current price for superdow 01/12/18 05:53:05 PM
#79208   I know man Pocho69 01/12/18 04:29:32 PM
#79207   When I think of the position we're in, GC Capitol 01/12/18 10:42:58 AM
#79206   Some shareholders that I talk to are not Zhenli 01/12/18 08:26:39 AM
PostSubject