Replies to post #8266 on Medinah Minerals (MDMN)

[Mike Gold]

Jack, yes..the Polo claims are completely separate and new. They are actually near the town of Santa Barbara at the foot of the Andes. (Madre is near Valdivia.) They consist of several mantos layers as outlined by several existing adits. Not much else is known. The out-going explorating efforts is being paid for by somebody else so Medinah has a free carried interest for the moment.

Regarding the Madre, I think Bruce has found 2 grams per cubic meter in the recent RC drill program which I believe was determined by running through the new plant. This doesn't include the gold fines that were being lost. A concentrator has been added recently in attempt to recover the fine gold.

There is some expectation that Medinah's interest in both projects may increase later..post Lipangue JV when Medinah will have assets to purchase a larger stake.

[stevej]

Jack Rix: Unfortunately I never offer any new information on this thread, and have no mining expertise! All I offer is my "sense" about this, given that I am a long-time, loyal stuckholder. My sense is that Medinah Minerals has always been extremely unprofessional and reminds me of a series of badly-performed magic tricks on stage. Which little piece of property is under which hat? Oh, it suddenly disappeared! Ahah, there is a new little piece, but it is very small, so small I can put it in the palm of my hand. Now under which shell will I find this little piece? It is tossed into the air and becomes a bird and the bird flutters offstage.
Since I invested real money in this, I am not sustained perfectly by the "amusement" factor. To me, hearing that something is 98% complete, I think of something being "on the doorstep"! Verily, if one is on the doorstep, one is 98% home! Same idea, same excuse.
Steve