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Medinah Minerals (MDMN)

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Last Post: 10/15/2019 3:58:33 PM - Followers: 349 - 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
#79933   great day on the market!!! auryn traded chiledog 10/15/19 03:58:33 PM
#79932   sir You know NOTHING about what chiledog 10/14/19 11:24:15 AM
#79931   No, you couldn't be more wrong or disingenuous. Beth0515 10/14/19 07:42:04 AM
#79930   you are correct However, there have been chiledog 10/08/19 11:08:15 AM
#79929   Well that is more than I have done, Anvil 10/07/19 06:51:36 PM
#79928   No i and my geo have examined chiledog 10/07/19 06:45:20 PM
#79927   Chile, u ever think the Alto is just Anvil 10/07/19 05:55:22 PM
#79926   the drop dead date for the distribution of chiledog 10/07/19 05:33:42 PM
#79925   Chile, I believe it is criminal. Maurizio gets Zhenli 10/07/19 04:55:33 PM
#79924   It is criminal... no doubt... but what's one BigBaboon 10/07/19 02:53:56 PM
#79923   putting all excuses aside with todays bid on chiledog 10/07/19 12:52:18 PM
#79922   I don't know... where is it...??? BigBaboon 10/07/19 08:27:13 AM
#79921   When is the rs abazaba375 10/07/19 12:01:25 AM
#79920   That's probably what to expect... from here BigBaboon 10/05/19 09:40:23 PM
#79919   another month goes by with no news on chiledog 10/05/19 05:08:41 PM
#79918   checked with state of nevada today. still chiledog 09/26/19 02:05:07 PM
#79917   OTC markets apparently talk a good story and chiledog 09/22/19 01:24:29 PM
#79916   Maybe it will bring the action we need... BigBaboon 09/21/19 07:44:54 PM
#79915   Chile, there are thousands of pinks with stop Anvil 09/21/19 03:26:41 PM
#79914   OTC markets has very important reporting requirements and chiledog 09/21/19 01:59:04 PM
#79913   OTCMarkets is not a regulator, so they can Anvil 09/21/19 01:41:30 PM
#79912   from a chilean attorney friend chiledog 09/21/19 01:03:25 PM
#79911   Ya ask your reliable source and let us know Mr Penny 09/20/19 04:03:49 PM
#79910   No, but ask your reliable source where he Stoneman2 09/20/19 04:00:34 PM
#79909   i hear today from a usually reliable source chiledog 09/19/19 06:36:28 PM
#79908   from what i hear today there are many chiledog 09/18/19 06:00:31 PM
#79907   Another sad day... in the market... for MDMN... BigBaboon 09/18/19 03:49:07 PM
#79906   you are so right It has been chiledog 09/06/19 04:26:27 PM
#79905   Somethings never change... and the beat goes on... BigBaboon 08/31/19 11:18:46 AM
#79904   very well put!!X!X the group of goodin chiledog 08/30/19 11:20:11 AM
#79903   I received an email from T.D. Ameritrade Clearing Zhenli 08/28/19 12:34:33 PM
#79902   So how's the MDMN Support group these days? IL Padrino 08/21/19 04:56:49 AM
#79900   Better then nothing I'd say... BigBaboon 08/16/19 07:27:15 PM
#79899   Haven’t posted in a while and not been Anvil 08/16/19 04:05:44 PM
#79898   if all your gold remains in the ground chiledog 08/16/19 11:15:54 AM
#79897   Wait as the OZ goes up ! $$$$$ CarlCarlMcB 08/16/19 06:37:43 AM
#79896   not much new here no sign of chiledog 08/15/19 11:38:42 AM
#79895   Auryn Quarterly Report out: Zhenli 08/15/19 10:06:56 AM
#79894   Who do you know this? Mr Penny 08/15/19 09:19:19 AM
#79893   It's actually looking like... they may never... BigBaboon 08/14/19 10:55:17 PM
#79892   thank goodness no There chiledog 08/14/19 12:06:56 PM
#79891   Is JJ desd yet ? abazaba375 08/13/19 08:06:36 AM
#79890   Imagine Th is ran to .20 again or abazaba375 08/13/19 08:03:46 AM
#79889   2000.00 an OZ coming! CarlCarlMcB 08/13/19 07:14:21 AM
#79888   wow aumc traded all the way down chiledog 08/12/19 01:26:29 PM
#79887   Right you are... no sense crying over BigBaboon 08/08/19 08:19:53 AM
#79886   I have no doubt that Les, Juan, Greg Zhenli 08/07/19 11:24:16 AM
#79885   no probably not until the new year chiledog 08/06/19 11:20:26 AM
#79884   Has anyone seen their MDMN shares converted to Mr Penny 08/06/19 10:58:43 AM
#79883   auryn chile is a private company and always chiledog 08/02/19 03:20:13 PM