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Medinah Minerals (MDMN)

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Last Post: 9/23/2020 7:27:24 AM - Followers: 350 - Board type: Free - Posts Today: 1


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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
#78266  Sticky Note A Horrible Shame... What's Kevin done... Boasting BigBaboon 09/07/17 09:27:19 AM
#80363   Who knows... with these clowns... probably BigBaboon 09/23/20 07:27:24 AM
#80362   It looks as if we must wait until priles 09/22/20 06:26:52 PM
#80361   At least we have hope... BigBaboon 09/22/20 05:58:18 PM
#80360   our hats off to you for your efforts priles 09/21/20 11:46:40 AM
#80359   I was able to get Raul to respond Zhenli 09/21/20 09:22:51 AM
#80358   Raul at least takes the time to reply priles 09/20/20 02:39:19 PM
#80357   Great reply and thank you. December 2019 priles 09/15/20 11:25:51 AM
#80356   I sent an email to Raul del Solar Zhenli 09/15/20 10:12:22 AM
#80355   One of the Great Mysteries of life... I’d BigBaboon 09/14/20 09:09:07 AM
#80354   One of the Great Mysteries of life... I’d BigBaboon 09/14/20 09:08:37 AM
#80353   Chiledog REPORTS today that the stockpile of mined priles 09/12/20 03:47:49 PM
#80352   All I can say is... it doesn’t smell right... BigBaboon 09/08/20 07:09:59 AM
#80351   Who knows--they never tell us anything The priles 09/06/20 11:41:17 AM
#80350   Who owns it now...??? Maybe they sold BigBaboon 09/05/20 09:27:03 PM
#80349   My good friend, chile dog, tells me there priles 09/02/20 01:26:48 PM
#80348   Assuming the last contractors were not paid, is Zhenli 09/01/20 04:41:05 PM
#80347   Lots of gold in the ground. Lampa priles 09/01/20 02:30:14 PM
#80346   Gold Breaks its All-Time Record High! Zhenli 09/01/20 09:41:47 AM
#80345   Down then up... I won’t read too BigBaboon 08/31/20 07:34:33 PM
#80344   That is an excellent question --- why??? priles 08/30/20 02:53:11 PM
#80343   The question needs to be asked, "why did Zhenli 08/29/20 05:10:46 PM
#80342   Over four years ago, march 2016, greg chapin priles 08/29/20 01:00:52 PM
#80341   Looks like a sell off.. dead money I guess. short_slayer 08/25/20 04:11:19 PM
#80340   More volume today trading down to .0012 cents??? priles 08/25/20 11:50:59 AM
#80339   And we’ll probably never know... I don’t BigBaboon 08/21/20 05:51:01 PM
#80338   Its hard to follow the bouncing ball to priles 08/20/20 11:57:44 AM
#80337   That’s only if we own stock in the BigBaboon 08/20/20 08:20:18 AM
#80336   Unfortunately I gave up almost all hope a priles 08/19/20 05:44:43 PM
#80335   Just don’t hold your breath... is my advice... BigBaboon 08/19/20 05:25:58 PM
#80334   Chiledog told me today that Lampa is now priles 08/19/20 02:27:17 PM
#80333   Well... I didn’t expect... even that report... BigBaboon 08/15/20 03:17:42 PM
#80332   Auryn published their filing to june 30 friday. priles 08/15/20 12:13:19 PM
#80331   I agree with that assessment... BigBaboon 08/09/20 04:29:05 PM
#80330   SURE be nice if goodin and maurizio priles 08/08/20 12:14:43 PM
#80329   Gold reaches new highs...!!! BigBaboon 08/08/20 08:27:26 AM
#80328   Easy now. Green back just ahead$ CarlCarlMcB 08/08/20 05:34:12 AM
#80327   Yeah... probably just a scam... BigBaboon 08/02/20 04:12:44 PM
#80326   Give me the link to your site please priles 08/02/20 12:37:30 PM
#80325   Exactly I have this on my sleeper section abazaba375 08/02/20 12:31:02 PM
#80324   Yes i listened to kirk as priles 08/02/20 12:28:44 PM
#80323   All my friends still laugh at me for abazaba375 08/02/20 11:59:28 AM
#80322   Yes scam yes yes don’t waste your time abazaba375 08/02/20 11:58:55 AM
#80321   We all hung in because of the long priles 08/02/20 11:56:39 AM
#80320   Don’t waste ur time on the tea turds abazaba375 08/02/20 12:07:06 AM
#80319   Dude I told you this is a scam abazaba375 08/02/20 12:06:42 AM
#80318   Apparently maurizio and his company Masglas have made priles 08/01/20 05:41:35 PM
#80317   They need to rs and fix the ss abazaba375 08/01/20 12:53:09 AM
#80316   Gold at all time highs too abazaba375 08/01/20 12:52:47 AM
#80315   July 31--- Another month passes with no news, priles 07/31/20 04:05:01 PM
#80314   Looks like even the lawyer is kept in Zhenli 07/27/20 01:47:10 PM
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