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Replies to post #59307 on Medinah Minerals (MDMN)
09/11/13 8:23 AM
MDMN has nothing close to the legal definition of "reserves". To continue to throw that term around is misleading. If you speak to a mining expert at the SEC, they take the casual use of this term quite seriously.
"7.- Todo lo antedicho muestra claramente que estamos aquí frente a un antiguo y famoso Distrito Minero que hoy presenta un potencial de Recursos, con el que puede sin duda clasificarse como de Clase Mundial."
09/12/13 12:01 AM
CONCLUSIONS
1. In this area of study have located: a deposit which can be classified as PORPHYRY copper type (in the area of the plain of los Altos de Lipangue) and molybdenum-in addition, a PORPHYRY of copper in the immediately adjacent area located to the South of the former.
2. The types of mineralization found in total include; porphyry disseminated, stockwork areas of cizalle, brecha-pipe, cloaks, skarn, mineralized faults, veins and gold mines.
3. The exploration efforts already made, have crystallized into the formation of legal mining companies which possess valuable history of resources and reserves. Some of these reservations have already been carefully assessed and are now traded in the United States metals bags (U.S.A.).
4. The volume of mineral resources identified to date, already varies reaches hundreds of millions of tons, mainly assigned to the porphyry and skarn added together.
5. Exploring strategic and current tactics of the owners, aims to follow up reservations from the mining resources already identified.
6. The exploration methods used to raise reserves include:
a detailed geological mapping
b geophysical exploration methods
c drilling campaigns.
7. All the foregoing clearly shows that we are here facing a famous old district miner who today presents a potential resource, which can be certainly classified as world class.
CONCLUSIONS
1. - In this study sector they have been located: a deposit that can be classified as of the PORPHYRY type DE COPPER - GOLD (in the area of the plain of the High places of Lipangue) and, also, a PORPHYRY ONE OF MOLYBDENUM - COPPER in the immediately contiguous area located to the south of the previous one.
2. - The types of mineralization found in whole include; porphyry spread, stockwork, areas of cizalle, breach(gash)-pipe, cloaks, skarn, you fail mineralizadas, veto and golden laundry rooms.
3. - The already realized exploration efforts, have crystallized in the formation of mining legal societies who possess valuable precedents of Resources(Resorts) and Reservations(Reserves). Some of these Reservations(Reserves) have been already appraised in detail and today they are traded in the metal Stock Exchanges of the United States (U.S.A).
4. - The volume of Mineral resources identified to the date, it already reaches to varies hundreds of million tons, principally assigned to the porphyry ones and skarn added as a whole.
5. - The strategic exploration and current tactics of the proprietors, point to keep on raising reservations(reserves) from the already identified Mining Resources(Resorts).
6. - The methods of exploration to be used to raise Reservations(Reserves) meditate:
a. - Detailed Mapeo Geológico
b. - Geophysical exploration Methods
c. - Polls(Soundings) Campaigns.
7. - Everything aforesaid shows clearly that we are here opposite to an ancient(former) and famous Distrito Minero who today presents a potential of Resources(Resorts), with which it can qualify undoubtedly as of World Class.
Lookup phrases and idioms related to "CONCLUSIONES 1.- En este sector de estudio se han emplazado: un yacimiento que puede ser clasificado como del tipo PORFIDO DE COBRE-ORO (en la zona de la planicie de los Altos de Lipangue) y, además, un PORFIDO DE MOLIBDENO-COBRE en el área inmediatamente contigua ubicada al sur de la anterior. 2.- Los tipos de mineralización encontrados en total incluyen; pórfidos diseminados, stockwork, zonas de cizalle, brecha-pipe, mantos, skarn, fallas mineralizadas, vetas y lavaderos de oro. 3.- Los esfuerzos de exploración ya realizados, han cristalizado en la formación de sociedades legales mineras que poseen valiosos antecedentes de Recursos y Reservas. Algunas de estas Reservas ya han sido detalladamente tasadas y hoy se transan en las Bolsas de Metales de Estados Unidos (U.S.A.). 4.- El volumen de Recursos Minerales identificados a la fecha, alcanza ya a varies cientos de millones de toneladas, principalmente asignados a los pórfidos y skarn sumados en conjunto. 5.- La exploración estrategica y táctica actual de los dueños, apunta a seguir levantando reservas a partir de los Recursos Mineros ya identificados. 6.- Los métodos de exploración a utilizar para levantar Reservas contemplan: a.- Mapeo Geológico detallado b.- Métodos Geofísicos de exploración c.- Campañas de sondajes. 7.- Todo lo antedicho muestra claramente que estamos aquí frente a un antiguo y famoso Distrito Minero que hoy presenta un potencial de Recursos, con el que puede sin duda clasificarse como de Clase Mundial." in our phrasebook.
In all seriousness, it makes no sense to have open pit mining without substantial acreage, access, and yes, I believe you are right ... proven reserves. When a company without deep pockets signs a contract with a producing mining company, the primary purpose is to have the JV partner fund the drilling and be responsible for turning potential resources into Proven Reserves on the claims. It helps to have property of sufficient size and promise based on initial drilling, surveys and reports, which I believe Medinah Minerals has acquired. We'll just have to wait to see who signed, and for what amount of $$$. Bottom line - Will the theory of "shallow" centimeters or "deep pocket" square hectares pan out in the end.
