Medinah Minerals (MDMN)

[paddydaddy]

Capital company equals the following

1) hauling ore from the LDM to Enami for smelting. Here is the official documentation from the Jan 30th update on the Medinah Minerlas website...

SHAREHOLDER UPDATE
January 30, 2012

Dear Medinah Shareholders:

Management of Compañia Minera LDM Chile are pleased to announce that a Contract Agreement for the underground mining program at the Las dos Marias property in the Altos de Lipangue group of claims has been signed, along with all auxiliary legalization documents. The Contract is for the drifting of a tunnel and sinking of a shaft into the high-grade gold zones identified at Las dos Marias in previous drill programs. The tunnel, or drift, is expected to encounter ore-grade material quickly into the penetration of the mountain. The Drill intersect of the “glory-hole” type ore is a few hundred meters into the mountain on a horizontal plane parallel to the tunneling, and the veining structure of this deposit is expected to be intersected prior to the drill hole location. Las dos Marias is a skarn-type deposit with stock works of gold, copper and silver, including 500 meters of pre-existing tunnels. Geophysics and drilling confirm a diverse and rich stratum of gold with values up to 122 grams of gold/tonne, 2.5%/tonne copper and 35 grams/tonne silver.

The high-grade ore will be trucked in 10-tonne batches to the bottom of the property for loading and delivery on highway haulers to the Government-operated Enami refinery in Chile. Enami quickly remits payment of the high-grade ore shipments. Las dos Marias' contractor will take batch-control assays regularly to confirm values and act as a control.


2) Announcement of the release of funding from the consortium of owners that are buying 85% of the Lipangue property. Here is the link from the official Medinah Minerals website

http://www.medinah-minerals.com/Q_A_040512.html

3) Announcement of the sale of the Ciclon I & II properties which Medinah Minerals owns a 10% stake.

That should make Medinah Minerals a capital company for now