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Thanks for the reply. I know all the reasons to hold or not hold certs. We were told to get physical shares there would be a share swap of some kind. Like I said I cannot remember all the details. The recommendation came indirectly from Jerry Williams "Monk". He is also the person who was recently indicted by the Sec for promoting certain stocks as "Float lock down plays".
Connect the dots. It's like a tenicle...
Thanks Andy.
http://gklcapital.se/project/alluvia-mining/
I have forgotten the reason but I'm not stupid and it seemed logical at the time. Oh well, fool me once. I was smart enough to sell his other plays and make a few bucks. Xytos is another story. Like I said, the certs are in the garage and it seems they will stay there. That's penny land.
He also told us to get certs. Which are now sitting in a box somewhere in the garage. I know many who lost thousands of dollars believing in his bogus "float lock down plays".
Any company sending a letter to shareholders about naked short sales is playing a dangerous game. How about sending a letter about what you are doing to enhance shareholder value. Get a clue.
I posted this the other night and it was deleted. My fault, so I've cleaned it up a bit and added some commentary from a friend.
Mining is to Chile what oil is to the Saudis. The commissions list on their website shows prominent Chilian Mining Co's. Among the Barricks, Anglo Americans, Rio Tintos, BHP Biltons...There Sits MEDINAH MINERALS..One of the largest copper producing countries in the world and Medinah is listed on the Copper Commission Web Site. Go Figure..
http://www.cochilco.cl/english/sitios_interes/empresas_min.asp
IMO it's an exercise in futility trying to discredit Medinah at this stage. They have a mountain full of resources, a Junior friendly Purchase Agreement with Amarant Mining, and a solid, intelligent shareholder base. Why waste the time?
Solid gold strike. Very solid. Medinah has consolidated a very valuable group of claims. And it is indeed TOO big to be ignored.
MDMN..IMO this is the best penny play around. Check it out.
Good call here Flex. I've been following this play for awhile. 10's don't do it justice. I can see multiples in the very near future.
Steve. I've heard the gold assays are what they expected and the copper assays are better than expected. And that comes from hard workng DD. Not a notion.
JP..I'm assuming HR's frustration is due to most not taking the time to either read the intro page here or information available on the company web site. It's all there for those who care to take the time. One should read it and soak it all in.
Take Medina "DD" info to a mining engineer or financial data to a chartered accountant, pay for an independent analysis. What they tell you may be opener for your eyes.
Provide proof as to your statement regarding the MINING ENGINEER. Pay for that independent analysis .I'm all ears.
While we're waiting.Here's mine
ALTO DE LIPANGUE
Medinah's Alto de Lipangue 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."
For the most comprehensive compilation of due diligence regarding Alto de Lipangue, refer to Dr. Jim DeCosta's Valuation Considerations for the Lipangue Deposit.
WHY LIPANGUE IS A DESIRABLE DEPOSIT TO JOINT VENTURE:
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.
I'll refer to the company Web Site for my DD and not some off the wall poster on this site or any other. Like I said. "Keep Up".
The ADL is far from toast. It's on the doorstep. Can't you keep up?
This is n the intro but worth repeating based on the recent LDM news. If you're a new investor this is worth the read.
SATELLITE IMAGERY REPORT OF CLEMENTE SEPULVEDA PEREZ (“REMOTE SENSOR ANALYST”) TRANSLATED FROM SPANISH
(Note that this report is truly a “Summary” report compiled after an exhaustive review of all of the information gathered to date which was then overlain with recent satellite imagery reports that successfully coalesced all of the prior information into the model utilized by nearly all of the major mining suitors involved in negotiations i.e. that of the existence of two “Classic Sillitoe type” porphyry systems. Sr. Sepulveda Perez was retained by 2 of the top 5 major mining firms in the world to perform this research and file this summary report.)
At the plateau at Lipangue, Medinah Minerals and Cerro Dorado have a mineral complex containing gold, copper, silver and molybdenum. Lead and zinc in lesser amounts was found out near the periphery of the deposit.
The mineral deposit underlies both the Lipangue plateau and its outskirts.
There are “at least” 2 porphyry bodies there. One is a low sulphide copper-gold type of porphyry and the other is a copper-moly type of porphyry.
The copper-moly porphyry was responsible for most of the mineralization in the “Lipangue Mining District”. (Note that a study of 55 porphyry deposits by Mutschler, Ludington and Bookstrom reveals that the average “Copper-gold” porphyry has approximately 300 million tonnes (metric or long tons) of economic mineralization while the average “Copper-moly” porphyry “weighs in” at approximately 500 million tonnes of economic mineralization or “ore”.)
The area in question is about 140 square kilometers.
The volume of mineralization between the surface level of the plateau and the 1,500 meter depth level below the plateau alone contains “Hundreds of millions of tons of resources
Mineral containing bodies include: Porphyries, stockworks, breccia pipes, mantos (Layered replacement deposits), Manto type skarns, fault zones (Shear zones) and mineralized veins.
Added to this are gold-bearing “Placer” deposits located on top of the plateau and peripheral to the porphyries (In the mountain’s watershed area both current and historical (Paleochannels)).
Over 30 years of recent exploration many roads have been built and access has been improved. Thousands of meters of tunnels and trenches have been completed and sampled. This included petrographic analysis of drill cores (Thin rock sections studies under a microscope.)
The petrographic analysis of 11/6/00 (Vancouver Petrographics) was very revealing in confirming the origin of the rocks (And the multi-phase nature of the mineralizing events).
There are high concentrations of gold, moly, copper and silver between the 60-meter and 120 meter level below the plateau (Which is at the 2,000 meter elevation above sea level). In general, the concentrations at or near surface average 5 to 20 times the concentrations of the valuable minerals at depth (perhaps from secondary enrichment blankets-“Supergene enrichment zones” which result from surface leaching of the metals which then trickle down through the strata to the areas of the water table where they precipitate out of solution).
The nature of the mineralization was poorly understood until recently when it was revealed that there were a series of intrusions involved over time (Petrographic analysis).
There were simultaneous mineralizing events and metasomatic events (the neighboring host rock contiguous with the intrusive was chemically altered.)
Skarns or “Stratiform” (Layered) deposits were formed as the permeable layers of rocks (Limestone-like “Carbonates”) were replaced with the mineralization provided by hydrothermal fluids.
As the intrusion of hot rock from below occurred the high gas pressures caused the mineralized fluids to dissect their way upwards and outwards through the areas of least resistance (Cracks and fissures). This resulted in gold, silver and molybdenum being deposited in veins and layered skarns.
When the releasing of this immense amount of pressure occurred in a violent manner the nearby rock actually broke up (Into gravel-like pieces) resulting in “breccia” pipes. Here the mineralization ended up in not only the fine-grained matrix gluing the fractured rocks together but also in the “Clasts” or gravel-like fragments themselves. This process was especially evident in the “Gordon breccia pipe” and the brecciated areas near the “Carrizo” copper-moly mine (The extensive “copper-moly breccias”)
The glue-like matrix is made up of crystalline quartz containing copper as chalcopyrite (Copper sulfide) as well as chalcocite (an “Oxide” form of copper). The chalcopyrite is converted (“Oxidized”) to chalcocite via oxygen containing rainfall trickling through the sulfur containing rocks near surface (Resulting in acid formation). Up to 15% pyrite is also contained in this matrix. Galena (Lead sulfide) is also in the matrix and is associated with silver and gold.
Peripheral to the porphyry bodies can be found “innumerable” examples of fracture lines and veins and veinlets containing gold, copper, lead and silver.
The “Mining District” at Lipangue is famous for gold, copper and silver production dating all the way back to Colonial times before the Spaniards arrived. The most famous vein in the area is the “Fortuna Vein” (Associated with the “Fortuna Mine”).
The satellite images reveal the “Hydrothermal alteration” patterns surrounding the plateau (which is 4Km long by 1.5 Km wide). One type of alteration pattern is associated with the porphyry areas and a different type of alteration is associated with the skarns.
The skarn zones have copper, gold and silver. They are located peripheral to the porphyry bodies. Intense alteration patterns occurred here as the mineralizing events took place.
The skarns have been tested and confirmed by various geological professionals.
The contact between the porphyry proper and the skarn located at the Dos Marias property has been identified.
Many areas of prior mine workings rich in gold and copper have been located. One of the most recent skarns found has massive pyrites of considerable volume.
A skarn has been located north of the Fortuna Mine near the (Northern) access road to the properties.
South of the plateau at Lipangue breccia pipes rich in copper, moly, gold and silver have been located (the extensive “copper-moly breccias” near the adits to the past-producing moly mines)
The satellite imagery has revealed about a “Dozen” intrusives running in a northeasterly to southwesterly direction south of the plateau. These areas are either partially or intensely altered by hydrothermal activity
This swath of intrusives runs at surface for 7Km in length and is 900 meters wide. The intrusives are mineralized with copper and moly
Three mines exist in this area including the Carrizo copper-moly mine, the Cobriza copper mine and the Andacollo copper mine.
“Zamarano” in 1979 wrote a report for Codelco and verified the superficial mineralization of chalcopyrite and moly in the area. He cited a complex body of porphyric rocks of “Endless dimensions” in the middle of an area of many intrusions. (Codelco reportedly dropped their interest in these moly mines back in the late 1970’s when the price of moly collapsed due to the introduction of moly substitutes by the Japanese. Sr. Quijano tied down these properties when the price of moly rebounded and Codelco now holds the properties to the south of this area bordering Sr. Quijano’s acquisition.)
The Carrizo mine has intense hydrothermal alteration present near its entrance which corresponds with the upper part of the copper-moly porphyry there (This implies a close proximity (little overburden) of the Cu-Mo porphyry. This area is now reachable by the refurbished “South access road”).
The analyst (Clemente Sepulveda Perez) gained access to a valuable study by Mr. E. Tidy Finch (A past professor of his) who was working on behalf of Codelco at the time and a geologist Mr. Francisco Ortiz regarding microscopic and macroscopic study of 3 samples of intrusive rocks taken from the Curizo mine.
They found heavily altered quartz diorite intrusive rocks with molybdenum copper and pyrite (Iron sulfide). These mineralizations came in a late phase intrusion.
They also found disseminated mineralization containing gold, moly, silver and copper “From an underlying porphyry”.
The above information allows the analyst to confirm that the plateau is underlain by a copper-gold porphyry which gave rise to the “Gordon pipe” and to the south underlying the 3 mines mentioned is a copper-moly porphyry some 7 Km “On the whole”.
References from 6 sources were identified.
HIS CONCLUSIONS: 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 SUGGESTS GEOLOGICAL MAPPING, GEOPHYSICAL STUDIES AND DRILLING. HE CITES THAT THIS IS WITHOUT A DOUBT A “WORLD CLASS” DEPOSIT.
Wow. Seems like JJ has been busy locking up claims. Very nice. Any guess as to the total hectures, including JJ's claims? It has to be huge.Very good DD HR. Much appreciated. Assays on the LDM should be very interesting indeed. Lays to rest some of the non sensible posts in regards to this investment.
Carl..How about a couple of yippies...
Finally a revenue stream for Medinah. Great for shareholders but not so good for others. Medinah will prosper and the others will move on to more easy pickens.
The purchasing company understands this is a "world class' property. They are doing exactly what a major mining company would do in this situation. Cover their ass for the benefit of their shareholders. 15% free carried interest over a projected 30 years of open pit mining is a LONG TIME and A LOT OF MONEY.
From the recent OTC Markets Update.
The purchasing company has negotiated a separate contract for the right of first refusal for the potential purchase of Medinah Minerals (Chile) S.A.’s 15% retained interest. This means that if Medinah Minerals (Chile) S.A. is offered a buyout of the retained interest by any entity, the Claims purchasers have first option to buy by matching the terms of the offer received. It should be noted that there is no requirement, at this time or in the future, to sell any portion, or all, of the 15% free-carried interest held in combination by Medinah Minerals (Chile) S.A. and Medinah Minerals, Inc.
Notice the highlighted part. We have a main purchaser along with sub groups that also have the same option.
If you're not in..so sorry and no worries. I love e ticket rides.
You call Pennystockhaven DD. That's funny.
Albacore. Thanks for being here and posting your DD. And thanks for going to Chile to verify our investment. The recent Q&A puts a stamp on it. $10.00 here we come.
Why is everyone worried? I don't get it.
As reported earlier by Medinah Minerals (Chile) S.A., the sale of the 1,508 mineral claims deal is signed and several Auxiliary issues have now been clarified. Of concern were the responsibilities of the Principals to carry out proving up the properties in structured time frames, etc. The release of the first tranche of funding is imminent and will be reported immediately upon receipt. Further, the identity of Principals will be reported simultaneous to the report of funding and a complete summary of the Terms and Conditions pursuant to the sale.
The BOD's of Medinah USA do not have directors insurance. IMO
They would not put this out unless it was a dead done deal.
Relax and enjoy the ride.
I'm happy that my ex shares are in good hands. Needed some funds.
Got my Divi today. Sorry to those who choose not to partcipate.
The share divi's were added to my total. Free trading shares on a restrictive share dividend. Makes yo go uhh?? Maybe that will shake out on the pay date. But maybe not.
Anyone have a floating water proof stereo you want to sell? lol..what a joke.
Ya'all need a reminder..
MEDINAH MINERALS Question & Answers
March 23, 2012
Question & Answer postings are compiled from time to time, as an information source as to company actions and/or activities. Q&A posts will continue in the post-Joint Venture Agreement phase concerning Company activities, to provide ongoing information for the benefit of Medinah Minerals shareholders.
Q: Can’t you stop the rumors and negativity about Medinah.
A: We have no way of dissuading individuals or negative concerns from articulating their thoughts. The Company has repeatedly addressed these non-factual issues by professing that ONLY information reported via the official Company website is factual. All other interpretations, assessments, prognostications, viewpoints, or the like expressed or professed by those not affiliated with the Company, are without merit or validity. Medinah does not participate in advising our Shareholders to buy, sell, hold, or transfer shares. Medinah is entirely a free market without the Company having any Investor or Public Relations firm(s) in its employ.
Q: Has an Investor Relations firm/person been engaged to handle Shareholder inquiry and matters on behalf of the Medinah company?
A: Company Management/Board of Directors have been conducting interviews and investigating quality firms/persons to conduct Investor Relations services for Medinah. This search spans the United States and several foreign jurisdictions. Negotiations for services have been finalized and it is anticipated that an Investor Relations representative will be operational in the very near term. Additionally, several Public Relations entities are being actively reviewed for hire by Medinah Minerals, Inc.
Q: Have any documents been filed by Medinah with finra?
A: In the Company’s continuing activities to upgrade its reporting status, Medinah has taken all steps necessary to fully register with FINRA. All applicable fees have been remitted as per the filing ID #1852469. Medinah has also filed with FINRA, the official notices regarding the April 2, 2012 forthcoming Dividend distribution. This administrative step was done to ensure an orderly flow of the Dividend stock certificates to all Shareholders of record as of April 2, 2012.
Q: Is there some type of report indicating that mdmn is displayed as a potential copper producer?
A: Yes. Medinah has been advised that there is an unsolicited report. For Shareholder information we provide this link www.miningfeeds.com/copper-mining. The Company did not participate in any way with the information provided.
Q: Is there any progress on the las does Marias, ldm project in Chile
A: The Compañia Minera LDM Chile has now completed all road rehabilitation on the north road and work is being finalized on the south road in order to expedite delivery of ore to the processing and smelting plants. The semi-portable camps, to house the crews, have been moved into place and initial tunneling is proceeding. The Company is a fully registered and recognized Mining Operations Business by the Chilean Ministry of Mines.
Q: What is the status of the bogdin issue?
A: Bogdan Borkowski is presently under “house arrest” in Santiago, Chile and cannot travel, internationally or locally without court approval. Applications are underway to have Señor Borkowski committed to incarceration. Several civil cases are now before the Chilean Court Tribunal for adjudication as to the method(s) of settlement of damages.
Q: Has the company hired a replacement securities lawyer?
A: Recently, the unfortunate passing of American Registrar and Transfer Co.'s Owner/ Securities Lawyer, Richard Day, necessitated the retention of a new Legal Counsel. Management has undertaken the interview of several prospects. Management has settled on a highly qualified Securities Lawyer who is presently reviewing all Company files and issues past, present, and future. His services are highly sought out by numerous corporations and we are thrilled that he has agreed to be retained. Management will travel to Florida in April to formally engage his legal services.
Q: What is going on with the Alto de lipange deal? It’s been 5 weeks since Las Vegas. With the deal being signed why don’t we have notice of the funds?
A: Yes, as reported earlier by Medinah Minerals (Chile) S.A., the sale of the 1,508 mineral claims deal is signed and several Auxiliary issues have now been clarified. Of concern were the responsibilities of the Principals to carry out proving up the properties in structured time frames, etc. The release of the first tranche of funding is imminent and will be reported immediately upon receipt. Further, the identity of Principals will be reported simultaneous to the report of funding and a complete summary of the Terms and Conditions pursuant to the sale.
Juan José Quijano Fernández
President/CEO
see post 23504 or go here.
http://www.otcmarkets.com/service-provider/Platinum-Stock-Transfer?id=2513&b=n&filterOn=6
Phone calls to the transfer agent for GDTK should answer your questions. See the link below
http://www.otcmarkets.com/service-provider/Platinum-Stock-Transfer?id=2513&b=n&filterOn=6
You should ask the transfer agent why your shares have not be adjusted. 2/29/12 was the payable date
From Merrill Edge.
Review - Mandatory Corporate Action.
You are a shareholder in a company that has taken a mandatory corporate action. In this case, all shareholders in the compamy are notified. We've automatically adjusted your shares, and there is nothing you need to do.
Holders will receive 1 new share for every 10000 old shares surrendered.
Current market prices should be checked.
No instructions are necessary. Entries will be processed automatically. All short positions resulting in this exchange will automatically be adjusted the business day following the settlement date.
You cannot ignore a 90k buy @.13. Somethings up.
or this. Tea leaves aren't working for me.
http://www.otcmarkets.com/stock/MDMN/news/Dear-Shareholders---February-10%2C-2012?id=42278&b=y
I was thinking about consulting "Tea Leaves" but I'll take this instead.
http://www.otcmarkets.com/stock/MDMN/news/Shareholder-Update---March-14%2C-2012?id=43633&b=y
What's up with the volumn? Noticed a 90K buy @ .13. Huh? What could that buy be based on? It wasn't me. I sold my Weegie Board at a garage sale.
That's is very good info. Thanks again
Thanks for sharing EX..
Great post HR. You nailed it.