Medinah Minerals (MDMN)

[Medinaminer]

the initial assays from the shaft were reported at 6.6 grams of gold per tonne at the 66.5 meter shaft level and 9.8 grams of gold per tonne at the 67 meter shaft level. The April 20th Shareholder’s Update confirms that these assays coincide with the assays received at similar depths from the DDH-002 drill core samples and that “We now expect that assays from the downward target zone will confirm assays from the 70 meter section of the drill core.”

Question:

Just how many tonnes of ore did they sample to arrive at these assay figures. What is it that people don't understand about an assay rich ore in one single solitary site, say in one tonne of ore, vs. a representative assay taken from various parts of the property sampling a hundred or more tonnes where the average assay drops dramatically from 6.6 or 9.8 grams to say 1 or 2 grams per tonne, making the economic viability of the mine null to a major mining operation, except for an artisanal miner. A major mining operation cannot base its future on a few samples of narrowly obtained assays. Please, someone correct me if I am wrong.

The jury is out still. Had this latest update been made a few years ago, prior to the Swedish affair, maybe there might be some excitement, but at this point, this type of "mixed signaled" message is too hard to swallow without a pound of sugar.

Again, the jury is out. Let's wait and see who, what, where and how much or how bad.