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Medinah Minerals (MDMN)

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Last Post: 5/18/2019 6:47:30 PM - Followers: 347 - Board type: Free - Posts Today: 0

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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

 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:



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#78266  Sticky Note A Horrible Shame... What's Kevin done... Boasting BigBaboon 09/07/17 09:27:19 AM
#79813   Thanks for sharing that HR Mr Penny 05/17/19 01:30:42 PM
#79812   i think you are probably close to the chiledog 05/17/19 09:06:32 AM
#79811   Medinah will continue as a trading entity in Hurricane_Rick 05/16/19 08:48:24 PM
#79810   the proposal is to distribute the auryn shares chiledog 05/16/19 11:22:16 AM
#79809   I think you're putting too much weight/concern on Hurricane_Rick 05/16/19 01:09:07 AM
#79808   yes this is gary goodins office address chiledog 05/15/19 11:47:02 AM
#79807   Ok got it! Thx HR Mr Penny 05/15/19 01:19:40 AM
#79806   The address was changed in the 2018 Annual Report. Hurricane_Rick 05/15/19 12:58:21 AM
#79805   Interesting ... I’ve heard people complaining on this Mr Penny 05/15/19 12:25:07 AM
#79804   it means gary goodin despite his last year chiledog 05/10/19 01:00:41 PM
#79803   The websites appear to have security as they Mr Penny 05/10/19 12:54:26 PM
#79802   Well...Just checked and both websites are up now...they Mr Penny 05/10/19 12:48:06 PM
#79801   I was thinking the same thing. You bring Mr Penny 05/10/19 12:44:15 PM
#79800   i was able to reach both sites mdmn chiledog 05/10/19 12:41:20 PM
#79799   i see both the medinah and the auryn chiledog 05/10/19 12:17:23 PM
#79798   This site can’t be reached aurynminingcorp.com is currently unreachable. ERR_C Mr Penny 05/10/19 09:44:40 AM
#79797   For all the dooms day posts on this Mr Penny 05/10/19 09:12:30 AM
#79796   If nothing changes... then nothing changes... BigBaboon 05/09/19 09:27:32 AM
#79795   great job doing the research on the hoth chiledog 05/03/19 01:12:13 PM
#79794   I noticed that the Q1 2019 Production Report Zhenli 05/03/19 11:58:49 AM
#79793   i see on pink sheets today mdmn now chiledog 05/02/19 04:18:59 PM
#79792   sorry i missed this chiledog 05/01/19 03:46:59 PM
#79791   "§ Greenfield programme: initial exploration work set to Hurricane_Rick 04/30/19 09:42:45 PM
#79790   I shared it because back on April 3rd Mr Penny 04/30/19 12:28:09 PM
#79789   thank you for the great report however, chiledog 04/30/19 11:15:36 AM
#79788   News Release Mr Penny 04/30/19 02:12:47 AM
#79787   the web sites are not well maintained. chiledog 04/27/19 02:14:24 PM
#79786   Four years ago... 2015... well not much good BigBaboon 04/24/19 10:23:10 PM
#79785   Hello everyone, I bought $ 5000 in Medinah MarioGP 04/24/19 07:45:02 PM
#79784   probably a good buy if they ever get chiledog 04/21/19 12:37:24 PM
#79783   I got a bid in for 50 million abazaba375 04/20/19 07:01:13 PM
#79782   yes that is 462,000$ of stock that chiledog 04/18/19 03:22:56 PM
#79781   Just to clarify, MDMN paid(by issuing stock) superdow 04/18/19 10:42:00 AM
#79780   Why keep us in the dark about BigBaboon 04/17/19 10:40:30 PM
#79779   I agree with your point that present management Zhenli 04/17/19 11:42:28 AM
#79778   Probably a bribe Goodin took... to keep quiet... BigBaboon 04/16/19 10:35:13 PM
#79777   DIRECTORS FEES $462,000 chiledog 04/16/19 12:55:55 PM
#79776   I don’t have any issues with the future Mr Penny 04/08/19 07:18:46 PM
#79775   i have no idea of where you get chiledog 04/08/19 02:31:55 PM
#79774   Yes, it’s gonna be larger than anyone expected, Mr Penny 04/08/19 02:21:53 PM
#79773   large since the year 2000 chiledog 04/06/19 01:27:33 PM
#79770   future for what?? we now see that chiledog 04/06/19 12:51:58 PM
#79769   Ahhhhh... All is soooooooooooooo good now...??? at BigBaboon 04/06/19 10:04:23 AM
#79768   No need as we are in good hands Mr Penny 04/05/19 04:05:55 PM
#79767   fine pay your own chiledog 04/05/19 04:04:30 PM
#79765   LOL abazaba375 04/05/19 01:17:27 PM
#79764   10 million people live in santiago and its chiledog 04/05/19 11:25:23 AM
#79763   You live on the mountain ? heyheyhey 04/05/19 10:22:42 AM
#79762   the advantage of being on site and knowing chiledog 04/04/19 11:13:44 AM
#79761   You seem to think you know a lot Mr Penny 04/04/19 12:08:20 AM