Medinah Minerals (MDMN)

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Article from Peru: Peruvian mining project sets its sights on Chile
Friday, June 20, 2014

(Auto-translated from Spanish)

Although the name of the mining company did not specify, it is known that a strategic partnership raised against a set of concessions called Altos de Lipangue in Valparaiso.

The U.S. explorer Medinah Minerals announced that its subsidiary Medinah Chile accepted an offer of strategic partnership with a Peruvian mining group against a set of concessions called Altos de Lipangue, submit content area copper silver and gold mineralization.

The Altos deposit Lipangue is a set of 21 mining areas located in the nearby city of Valparaiso and 30 km northeast of Santiago, comprising an area of ??4,092 hectares and is 2,000 meters Chilean plateau.

Although the name of the mining company did not specify, it is known that the group would be interested in late April signed a deal for concessions and a confidentiality agreement signed by all mining properties.

Representatives of Medinah Minerals, Les Price and Gregory Chapin, will be in Lima and Santiago de Chile in the week of June 23, to meet and develop the due diligence and the terms of the strategic alliance, and to determine responsibilities exploratory development of the concession by the parties involved. These steps should be taken to legalize the contract in compliance with Peruvian mining laws.

SHORT

Designation. Medinah Minerals appointed José Roberto de Romana Letts as director of the American explorer. Letts Romagna is affiliated with Peruvian group that submitted the bid for the site in question is located in Chile.

http://gestion.pe/empresas/minera-peruana-pone-mira-proyecto-chile-2100843