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Monday, May 14, 2012 11:19:03 AM
In a recent work program designed to tunnel into and intercept this vein, the vein was found to have continued for nearly 200 meters and was uncovered at the edge of the plateau. Previously, Company Mining Engineer, Paul Jones, calculated a valuation of 15 meters of vein material averaging 80 grams of gold per tonne would return $6,000,000 in gold at today’s prices. We have now seen that this vein extends at least 200 meters. If the values are consistent throughout the vein, this would return a substantial gross pay from this one small 200-meter area alone.
http://www.medinah-minerals.com/pdf/LipangueUpdate5_12_2012.pdf
We expect the first assay results this week.
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