Home > Boards > US OTC > Basic Materials >

Medinah Minerals (MDMN)

Add MDMN Price Alert      Hide Sticky   Hide Intro
Moderator: BigBaboon, Goldstrike
Search This Board: 
Last Post: 5/14/2022 12:33:56 PM - Followers: 357 - Board type: Free - Posts Today: 0

 Follow Medinah on Twitter
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

 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:   http://www.youtube.com/user/Medinahshareholders

Map of the property can be found here:



  Daily Stock Chart                                                                                                                                                                                                                   


Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
#78266  Sticky Note A Horrible Shame... What's Kevin done... Boasting BigBaboon 09/07/17 09:27:19 AM
#80915   goodin posted the march 31 disclosure documents for priles 05/14/22 12:33:56 PM
#80914   Raul posted the march 15 disclosure documents on priles 05/13/22 01:19:22 PM
#80913   Raul posted the march 15 disclosure documents on priles 05/13/22 01:19:22 PM
#80912   The utter lack of news and the continuing priles 05/12/22 12:35:47 PM
#80911   The utter lack of news and the continuing priles 05/12/22 12:35:46 PM
#80910   this is a dispute you have had with priles 05/01/22 12:46:05 PM
#80909   JPM could not avert BARRICK becoming the next JRLopehandia 04/30/22 11:28:33 PM
#80908   With how things look right now. I tend BigBaboon 04/30/22 12:14:45 PM
#80907   If i had a thousand shares of aumc priles 04/29/22 04:40:58 PM
#80906   Business as usual it appears. BigBaboon 04/27/22 09:47:31 AM
#80905   AUMC ---- today petitte posted her usual compliance priles 04/26/22 06:15:19 PM
#80904   Let’s hope it does exactly that. BigBaboon 04/23/22 02:58:35 PM
#80903   They promise an update by may 15th priles 04/22/22 02:46:41 PM
#80902   Pretty quiet here these days? But then BigBaboon 04/22/22 08:18:40 AM
#80901   Bring it on. BigBaboon 04/14/22 06:58:30 PM
#80900   Thanks to Raul who posted the year priles 04/12/22 12:32:29 PM
#80899   You and me both. BigBaboon 04/09/22 09:05:46 PM
#80898   Wonder if i can hold my breath that long??? priles 04/09/22 12:38:47 PM
#80896   Good questions. Maybe someday we’ll be informed? BigBaboon 04/08/22 03:46:12 PM
#80894   Hmmm, now how will all that play BigBaboon 04/08/22 03:44:49 PM
#80893   I am sure he will want to get priles 04/07/22 03:54:41 PM
#80892   Medinah's thieves caught with Barrick in Chile. JRLopehandia 04/07/22 11:31:22 AM
#80891   I’m assuming he’ll want all that money back BigBaboon 04/06/22 08:38:53 PM
#80890   Good volume today on the up side so priles 04/06/22 12:49:52 PM
#80889   Auryn posted the april 30 mining update on priles 04/05/22 03:02:01 PM
#80888   Good question. We can only guess. BigBaboon 04/04/22 10:26:25 PM
#80887   They have not published their quarterly report on priles 04/03/22 01:02:01 PM
#80886   I guess he wants to make sure he BigBaboon 03/31/22 06:18:38 PM
#80885   Nice that they are staying current. BigBaboon 03/31/22 06:17:24 PM
#80884   auryn published their years end statements today.--- priles 03/31/22 01:58:53 PM
#80883   Raul posted the dec 31 year ends today priles 03/30/22 01:23:32 PM
#80882   31st less than a week away. BigBaboon 03/23/22 09:50:54 PM
#80881   With extentions yes priles 03/21/22 11:07:57 AM
#80880   Thanks for the update. The 31st is not BigBaboon 03/20/22 03:49:02 PM
#80879   This week they posted the american sierra financials priles 03/20/22 01:34:33 PM
#80878   Let’s hope it goes that way. BigBaboon 03/15/22 12:51:06 AM
#80877   Now i hope they start using this to priles 03/13/22 04:48:20 PM
#80876   Thanks for posting. BigBaboon 03/13/22 02:06:51 PM
#80875   eepuri.com/dFBgbD is the lead in priles 03/13/22 01:03:42 PM
#80874   Nice. Please keep us abreast of any communication BigBaboon 03/12/22 09:35:37 PM
#80873   I signed up for the new auryn priles 03/12/22 04:17:50 PM
#80871   Ill gotten gains lead nowhere. Hope he's Goldstrike 03/09/22 11:53:35 AM
#80870   You will be happy tp know he is priles 03/08/22 11:11:34 AM
#80869   Oh Yeah! For sure. There is a BigBaboon 03/07/22 02:40:36 PM
#80868   And don't forget Lester the stock molester. Goldstrike 03/06/22 11:06:33 PM
#80867   LOL! Yes, may God help us all. BigBaboon 03/06/22 02:33:47 AM
#80866   Thats not totally true as he continuely feeds priles 03/05/22 12:08:38 PM
#80865   He doesn’t tell much to anyone that I BigBaboon 03/04/22 12:23:53 PM
#80864   wondering is anyone is heading for the pda priles 03/03/22 02:11:07 PM
#80863   LOL. Now that’s an understatement. BigBaboon 02/27/22 11:11:31 PM
Consent Preferences