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Medinah Minerals (MDMN)

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Last Post: 5/26/2017 11:04:31 AM - Followers: 352 - Board type: Free - Posts Today: 0

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 Basic Company Information                                                                                                                                                                                                                     

•  Stock Symbol:  MDMN
•  Website:

 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

•  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:

Map of the property can be found here:,+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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Current Price
Bid Ask Day's Range
#77477  Sticky Note This was a share selling pump and dump Toxic Avenger 04/07/17 05:39:40 AM
#77365  Sticky Note Dr. Richard Sillitoe to Evaluate the Altos de Hurricane_Rick 03/15/17 01:29:46 AM
#77136  Sticky Note ADL Project Update – January 2017 Hurricane_Rick 01/30/17 09:56:05 AM
#75310  Sticky Note Toxic Avenger 08/23/16 12:39:26 PM
#77649   Heyheyhey, My comment on the share price was complete Hurricane_Rick 05/26/17 11:04:31 AM
#77648   Huh? I see .0055, up 10% heyheyhey 05/26/17 08:43:44 AM
#77647   Could be... same old management style... just different BigBaboon 05/26/17 08:00:24 AM
#77646   Have theses guys stopped mining? And who buying slckk 05/25/17 09:19:28 PM
#77645   Yes... for those accumulating here... definitely are thanking BigBaboon 05/25/17 08:49:48 PM
#77644   .0041... still bleeding... new CEO must be still Hurricane_Rick 05/25/17 08:15:54 PM
#77643   Maurizio and auryn were not responsible for the insidetruth 05/25/17 10:51:49 AM
#77642   I met with Gordon house and his good insidetruth 05/25/17 10:46:43 AM
#77641   .0041... still bleeding... new CEO must be still BigBaboon 05/25/17 10:12:05 AM
#77640   and tupper has not updated the records to Hurricane_Rick 05/24/17 10:54:39 PM
#77639   Why should AURYN be penalized for the actions Veblen 05/24/17 09:23:15 PM
#77638   What possessed you put a million dollars into Veblen 05/24/17 09:11:55 PM
#77637   Didn't Cede and Co. do the voting for myrtle222 05/24/17 07:04:55 PM
#77636   the reasons I am interested I have insidetruth 05/24/17 04:19:38 PM
#77635   Exactly who or what qualifies as a "class Beth0515 05/24/17 02:48:46 PM
#77634   there are two issues at play here insidetruth 05/24/17 01:10:34 PM
#77633   I assume you mean "refute". Beth0515 05/23/17 07:02:50 PM
#77632   medinah shareholders could repute the contract as Minichiello 05/23/17 04:16:40 PM
#77631   it is interesting to read the ongoing speculation insidetruth 05/23/17 11:50:06 AM
#77630   Does he get paid for what is doing? Hurricane_Rick 05/22/17 11:09:32 AM
#77629   Help! I know if you are a true screwedbymdmn 05/22/17 10:24:02 AM
#77628   Does he get paid for what is doing? Pocho69 05/22/17 10:18:48 AM
#77627   An important point that every sane and rational Goldstrike 05/22/17 09:59:55 AM
#77626  Restored to overcome all the debt Kevin is putting Hurricane_Rick 05/22/17 07:10:56 AM
#77625   Everyone knows all of that... and none of BigBaboon 05/21/17 10:52:33 PM
#77624   Don't worry. In due time Auryn will screw Hurricane_Rick 05/21/17 05:54:00 PM
#77623   Don't worry. In due time Auryn will screw Pocho69 05/20/17 10:02:40 PM
#77622   They could've declared the contract null and void Hurricane_Rick 05/20/17 06:02:01 PM
#77621   All Auryan could have done... is call the BigBaboon 05/20/17 01:18:14 PM
#77620   "Auryn could've buried MDMN (and JJ) for the Veblen 05/20/17 12:09:15 PM
#77619   Auryn owns ~500 million shares of MDMN. Due Hurricane_Rick 05/19/17 06:08:02 AM
#77618   And get those two South American Directors off Minichiello 05/18/17 08:44:03 PM
#77617   11 million mdmn = 55K superdow 05/18/17 05:34:03 PM
#77616   well put kevin is insidetruth 05/18/17 01:54:29 PM
#77615   That would certainly make this board unique... Gold_Coast 05/17/17 03:38:25 PM
#77614   At any rate I'm just trying to encourage Hurricane_Rick 05/17/17 11:09:03 AM
#77613   maybe I am an idiot LOL superdow 05/17/17 09:11:21 AM
#77612   How so...??? wanting the best for MDMN... has BigBaboon 05/17/17 04:14:20 AM
#77611   Lol, you are funny. Pocho69 05/16/17 06:52:17 PM
#77610   Lol, same as Les. Pocho69 05/16/17 06:48:01 PM
#77609   No one ever said price was insidetruth 05/16/17 06:33:29 PM
#77608   Yeah...and the next thing you'll hear is how Hurricane_Rick 05/16/17 06:20:54 PM
#77607   My God you are a fountain of information! superdow 05/16/17 05:32:36 PM
#77606   remember where ulander came from insidetruth 05/16/17 03:44:17 PM
#77605   I agree. Veblen 05/16/17 03:28:51 PM
#77604   Mr. BigBaboon, you seem to have developed a superdow 05/16/17 01:47:28 PM
#77603   Thanks. That makes sense of the silence and superdow 05/16/17 01:45:10 PM
#77602   As CEO... Kevin should be... hiring his hand BigBaboon 05/16/17 01:19:57 PM
#77601   I'm not sure how you got that interpretation Hurricane_Rick 05/16/17 12:56:17 PM
#77600   It appears you still have concerns... that existing BigBaboon 05/16/17 12:34:44 PM