Medinah Minerals (MDMN)

[Goldstrike]

We're years, if not decades away from digging. We don't want to get hasty here.

Years or decades from digging? May I ask where your timeline is coming from?

From the April 30th Shareholder's Update, there is the following preface to the Compañia NUOCO Mining Chile S.C.M. Owners Report of April 30, 2015:

"Through the efforts of the Private Investors to complete the entirety of claims consolidations, the NUOCO Company was able to secure an independent Option Agreement with AURYN Mining Chile SpA that encompassed the entire 2,400+ Hectares of claims under the NUOCO banner. The Private Owners of the NUOCO Company prepared and released the attached treatise noting their insights and viewpoints relative to the exploration and development work encompassing their 2,400+ Hectares of claims as noted in the attachment below."

The NOUCO Owners Report goes on to state:

"The NUOCO properties comprising of Las dos Marias, Los Amigos, Mambo and Columbo claims are situated adjacent to the Altos de Lipangue properties currently being explored by AURYN Mining Chile SpA under an Option Agreement with Medinah Mining Chile. AURYN Mining Chile SpA has undertaken an aggressive exploration program with successful results on the Gordon breccia and in the recently announced gold zone that is near surface that indicates a high-grade and fractured fault/vein. These areas are surrounded by the NUOCO holdings that contain major mineralized zones resulting from the underlying porphyry intrusive bodies. Gold and copper zones are present at the Las dos Marias, Los Amigos,
Caren, Mambo and Colombo claims, and indicate the potential of a gold bearing/copper rich trend associated around an andesite dyke or structure identified on surface, and in the drill
intersections. Results from the NUOCO project and development work on adjoining properties have been very promising with discoveries of rich major mineralized zones resulting from porphyry-intrusive bodies. Project funding, provided by the NUOCO Partners, has significantly contributed to enhancing the value and potential of the NUOCO group of properties.

1. NUOCO’s Geologist identified a strata-bound copper manto structure on the Las dos Marias property, containing a minimum of 1 million tonnes of high-grade copper ore, proximate to the DDH-002 gold structure. The manto structure is open along strike
and to depth and up to 12 to 15 million tonnes of copper ore are anticipated, corresponding with similar regional deposits.

2. As yet, we’ve not fully identified a sequence of gold-bearing quartz veins to veinlets and a gold-bearing skarn. Zones are identified throughout the tunnel work and projecting into adjoining properties. These require more work by a planned drilling and exploration program to further define mineralized structures.

3. The mineralization trend is indicated at the Las dos Marias site, through the Caren, and into the Gordon and Mambo claims, is in a northeast direction.

4. At the Caren claims, a new gold-bearing vein approximately 1 to 1½ kilometers in length and up to 1 meter wide, was recently discovered that is parallel to the existing high-grade structures trending northeast.

5. The NUOCO Geologist identified gold-bearing quartz outcroppings at the Mambo claims and then into the Columbo claims. More exploration work is planned.

6. Significant potential exists for a large gold deposit on each of the NUOCO property claims.

7. Caren vein assays returned an astounding 21+ ounces per tonne of gold (Au), similar to the DDH-002 results at Las dos Marias within the indicated northeast trend area.

8. NUOCO partners entered into an Option Agreement with AURYN Mining Chile SpA for the continued drilling and development of the entire group of NUOCO properties. The Altos de Lipangue Gordon breccia and AURYN's recently announced gold zones, lie within this projected northeast mineralization trend. These are considered to be related ore
bodies to the NUOCO mantos, gold structures, and as expressions of a porphyry intrusive. The NUOCO copper and gold mineralization zones are open along strike and to depth. Area
gold showings are frequent and carry throughout the NUOCO claims. Evidence of gold mineralization appears in outcroppings and drilling results from each of the Las dos Marias, the Los Amigos, and carry throughout the Caren, Gordon, Mambo and Columbo claims.
Additional discoveries of major significance are expected as this northeast mineralization trend is further drilled, explored and developed."

Compañia NUOCO Mining Chile S.C.M.
All Publication Rights Reserved Under Safe Harbor

You'll note that "NUOCO partners entered into an Option Agreement with AURYN Mining Chile SpA for the continued drilling and development of the entire group of NUOCO properties."

Presumably AUYRN would be doing the digging, i.e. development on the claims. And there is no reference to a time frame. Not years, not decades. It's open-ended, true, but let's not be hasty in assigning timelines to the projected exploration and development work described in the option.