Shareholder Update Altos de Lipangue Project Up

Shareholder Update
Altos de Lipangue Project Update
August 15, 2014


Dear Medinah Minerals, Inc. Shareholders:

Medinah Minerals, Inc.’s, 100% owned subsidiary, Medinah Mining Chile, has advised that it has received and approved the attached report from AURYN Mining Chile officials outlining the initial exploration and drilling program concerning the Altos de Lipangue Mining Option.
Dennis B. Tenney
CEO – Medinah Minerals, Inc

Initiation of Exploration/Drilling at the Altos de Lipangue Property, Chile‐August 15, 2014

AURYN Mining Chile, SpA has initiated its exploration and drilling program at the highly

prospective Gordon Breccia. This will be a great opportunity for it to reveal its riches and the

search will also be on for other similar gold/copper breccia deposits as well as the associated

porphyry copper/gold deposit.

The Altos de Lipangue property is located approximately 30 kilometers northwest of Santiago,

Chile in an area of favorable infrastructure and plentiful water. The property has been optioned by

AURYN Mining Chile, SpA from Medinah Mining Chile who have held the property since 1998.

The original property consisted of 2163 hectares and it has recently been expanded to 4092

hectares to cover additional known targets and favorable stratigraphy.

Medinah Mining Chile conducted three drill campaigns between 1998 and 2000 at the Gordon

Breccia that totaled 18 holes for about 6000 meters of drilling. They successfully intersected

mineralized breccia in 14 out of the 18 holes. The drill spacing was generally 50 meters or more

and only covered a strike length of about 200 meters and vertically to a depth of less than 400

meters. The breccia occurs in granodiorite approximately parallel to the contact with andesitic

volcanics. The geophysics indicates an east‐west strike length of 400‐450 meters and the drilling

indicates that the breccia has a thickness of about 70 meters and dips to the south at 62 degrees

with a steep rake to the east. In a couple of the deeper holes there was intensive phyllic alteration

typical of the halo of porphyry deposits.

AURYN Mining Chile, SpA plans an aggressive multidiscipline approach to the Altos de Lipangue

project that will combine immediate drilling of the Gordon Breccia with an intensive search for

additional targets using geology/prospecting, geochemistry and geophysics. Other known but

unexplored targets such as the Lo Amarillo gold zone will be followed up immediately.

The immediate steps that are being taken to fast track the project include setting up an office/

core logging facility in the nearby town of Lampa, hiring personnel and purchasing vehicles, firming

up a helicopter supported airborne magnetics/ spectrometry survey to cover an area of 15

kilometers (N‐S) by 10 kilometers (E‐W) totaling 600 line kilometers with 200 meter spacing

tightened to 100 meter spacing over the Gordon Breccia, the surveying of existing drill collars at

the Gordon Breccia and establishment of a grid to guide the spotting of drill holes and finalizing

the diamond drill contract with a machine capable of drilling over 1000 meters deep with NQ sized

core and preferably mounted on tracks for rapid moves with minimal environmental impact. It is

anticipated that drill rigs will be dispatched to ADL site locations on or about September 30th.

The project will be results driven, but for planning purposes the initial drill proposal will be for

8,000 meters including 6,000 meters slated to continue exploring the Gordon Breccia and 2,000

meters for drill testing new targets. The anticipated expenditure during this initial phase is forecast

to be $US 3 million. In general terms it is expected to take $US 10 million to explore the property

and advance one or more targets to the prefeasibity stage. This prediction could be short circuited

if the initial favorable results at the Gordon Breccia require the early addition of more drill rigs and

a rapid delineation of resources.

The first drilling planned for the Gordon Breccia will be a fence of 5 holes to fill in and extend to

the east and west the high grade gold zone in the hanging wall of the breccia at the ‐175 m level

presently defined by drill hole L99‐08 (6.49 g/t Au, 39.1 g/t Ag and 0.63% Cu across 32 m core

length) and drill hole L00‐12 (2.23 g/t Au, 16.16 g/t Ag and 0.55% Cu across 25 m core length). The

fence will be extended to the east if warranted by favorable results. The remaining drill holes will

be sited to delineate the breccia at wider spacing along strike and down dip with the deepest hole

planned to be at least 800 meters deep.

AURYN Mining Chile, SpA/David Bent, P. Geo