SHAREHOLDER UPDATE Property Summary Report Feb
Post# of 77
Posted On: 02/26/2016 6:58:48 AM
SHAREHOLDER UPDATE
Property Summary Report
February 25, 2016
Dear Medinah Minerals, Inc. Shareholders:
The Altos de Lipangue project in Chile has continued to deliver surprising results even to the world class geological team assembled and working on behalf of AURYN Mining Chile, SpA.
From the very early days of exploration on the Altos project, Directors of Medinah became aware that the potential of the plateau was enormous with significant implications to the Chilean economy. From the discovery of the copper gold breccia zones in early 2000s, to the continuous intersections of high-grade gold veins and structures, almost every time more work is initiated, additional and extensive mineralization has been discovered. The Altos de Lipangue claims are producing evidence of an ore deposit of world class proportions.
The Option Agreement entered into with AURYN Mining Chile, SpA in August of 2014 has offered new opportunities for shareholders of Medinah to follow the work of well-funded professionals as they explore and develop the Altos claims. AMC has announced that they are now moving from an exploration phase to a combined work project. This now includes planned production that covers an area over 2 km long of high:-grade gold zones identified from Fortuna to Caren.
The work done by the AMC team has discovered and developed very impressive and significant mineralization that has been reported on their website.
AMC geologists have identified extensive copper/gold mineralization throughout the Altos plateau. This mineralization is related to a porphyry intrusive body underlying the claims at the moly zone, Pegaso Nero targets. The extensive molybdenum anomaly, the presence of the hydrothermal breccia, the high Copper-Molybdenum results on that breccia and the age of the mineralization, are convincing to the AURYN Mining Chile, SpA team that there is a new Porphyry Copper system. This new discovery is opening the identified cretaceous porphyry belt to the south of Uahuin and Andacollo porphyries that also lie within the IV region in Chile.
Highlights
• Over 5 kilometers of mineralized veins were mapped.
• Over 1,600 rock and trench samples were collected.
• High-grade Au ± Cu ±Pb± Zn mineralized veins.
• In Merlin I, the vertical zoning in quartz-carbonates textures suggest a preserved epithermal system.
On January 06th at 3:33:00 pm at ADL
Highlights
• Bonanza Gold Grades (>50 g/t) were discovered in Mina Caren sector. Mineralogical zonation suggests the preservation of epithermal system and its continuity.
On January 27th at 12:36:00 pm at Caren
Highlights
• Gravimetric Fire Assay results confirmed bonanza grades up to 124 g/t Au. Geochemistry and vein textures confirmed preserved low sulphidation epithermal system.
The extent of this copper/moly/gold porphyry intrusive and gold mineralization crosses the entire Altos plateau from the moly sector to the LDM/NUOCO/Mambo sectors on the other side of the plateau and the Fortuna to the Caren.
Work done by LDM/NUOCO team previously outlined a copper gold manto structure as well as another gold system within those properties. An Enami Engineer and a Geologist recognized the mineralization as significant. The Engineer commented that in this type of formation, we have the mineralized leads to follow for continuous mining towards the origin of the fluid enrichment. He also stated that additional high-grade gold content will begin to appear as we get further into the formation. Several areas of the copper zones sampled, returned grades of 3.2% copper over a 9–meter width.
Visual observation has determined the minimum size of this copper-gold structure to be 400x500x200 meters open to depth. Some assay results of channel samples taken by company geologist in the main copper zones are as follows:
Copper 5.85%, 3.13%, 4.53%, 6.52%, 2.42%, 4.26, 4.20%
Silver- 36g/t, 19g/t, 64g/t, 25g/t, 41g/t
LDM/NUOCO gold structures contain some veins and zones that are large, from 1-meter up to 11-meters wide. While on site, the mill/refinery Professional Geologist sampled an 11-meter width of the gold-bearing quartz vein that returned 7 grams of gold per tonne.
The discoveries at the Altos de Lipangue claims groups are significant and continue in all directions. In order to give full understanding of the value of the project to the AMC team and Medinah shareholders, we have attempted to outline key points in this generalized summary.
The properties will be put into production on the presently permitted area as AMC develops their plans. The first production phases are scheduled to begin set up in early April 2016.
As this potential “world-class” deposit of copper and separately of high-grade gold, Medinah shareholders benefit significantly on earnings as a 15% interest holder in the project. AMC is required to pay to Medinah $100,000,000 (one hundred million dollars) to finalize the Option Agreement and acquire the Altos properties. The most lucrative part of the contract will be the retained interest returning dividends for the entire life of the Altos de Lipangue mine properties.
Vittal Karra
Chairman/President – Medinah Minerals, Inc.
SHAREHOLDER UPDATE February 03, 2016
Property Summary Report
February 25, 2016
Dear Medinah Minerals, Inc. Shareholders:
The Altos de Lipangue project in Chile has continued to deliver surprising results even to the world class geological team assembled and working on behalf of AURYN Mining Chile, SpA.
From the very early days of exploration on the Altos project, Directors of Medinah became aware that the potential of the plateau was enormous with significant implications to the Chilean economy. From the discovery of the copper gold breccia zones in early 2000s, to the continuous intersections of high-grade gold veins and structures, almost every time more work is initiated, additional and extensive mineralization has been discovered. The Altos de Lipangue claims are producing evidence of an ore deposit of world class proportions.
The Option Agreement entered into with AURYN Mining Chile, SpA in August of 2014 has offered new opportunities for shareholders of Medinah to follow the work of well-funded professionals as they explore and develop the Altos claims. AMC has announced that they are now moving from an exploration phase to a combined work project. This now includes planned production that covers an area over 2 km long of high:-grade gold zones identified from Fortuna to Caren.
The work done by the AMC team has discovered and developed very impressive and significant mineralization that has been reported on their website.
AMC geologists have identified extensive copper/gold mineralization throughout the Altos plateau. This mineralization is related to a porphyry intrusive body underlying the claims at the moly zone, Pegaso Nero targets. The extensive molybdenum anomaly, the presence of the hydrothermal breccia, the high Copper-Molybdenum results on that breccia and the age of the mineralization, are convincing to the AURYN Mining Chile, SpA team that there is a new Porphyry Copper system. This new discovery is opening the identified cretaceous porphyry belt to the south of Uahuin and Andacollo porphyries that also lie within the IV region in Chile.
Highlights
• Over 5 kilometers of mineralized veins were mapped.
• Over 1,600 rock and trench samples were collected.
• High-grade Au ± Cu ±Pb± Zn mineralized veins.
• In Merlin I, the vertical zoning in quartz-carbonates textures suggest a preserved epithermal system.
On January 06th at 3:33:00 pm at ADL
Highlights
• Bonanza Gold Grades (>50 g/t) were discovered in Mina Caren sector. Mineralogical zonation suggests the preservation of epithermal system and its continuity.
On January 27th at 12:36:00 pm at Caren
Highlights
• Gravimetric Fire Assay results confirmed bonanza grades up to 124 g/t Au. Geochemistry and vein textures confirmed preserved low sulphidation epithermal system.
The extent of this copper/moly/gold porphyry intrusive and gold mineralization crosses the entire Altos plateau from the moly sector to the LDM/NUOCO/Mambo sectors on the other side of the plateau and the Fortuna to the Caren.
Work done by LDM/NUOCO team previously outlined a copper gold manto structure as well as another gold system within those properties. An Enami Engineer and a Geologist recognized the mineralization as significant. The Engineer commented that in this type of formation, we have the mineralized leads to follow for continuous mining towards the origin of the fluid enrichment. He also stated that additional high-grade gold content will begin to appear as we get further into the formation. Several areas of the copper zones sampled, returned grades of 3.2% copper over a 9–meter width.
Visual observation has determined the minimum size of this copper-gold structure to be 400x500x200 meters open to depth. Some assay results of channel samples taken by company geologist in the main copper zones are as follows:
Copper 5.85%, 3.13%, 4.53%, 6.52%, 2.42%, 4.26, 4.20%
Silver- 36g/t, 19g/t, 64g/t, 25g/t, 41g/t
LDM/NUOCO gold structures contain some veins and zones that are large, from 1-meter up to 11-meters wide. While on site, the mill/refinery Professional Geologist sampled an 11-meter width of the gold-bearing quartz vein that returned 7 grams of gold per tonne.
The discoveries at the Altos de Lipangue claims groups are significant and continue in all directions. In order to give full understanding of the value of the project to the AMC team and Medinah shareholders, we have attempted to outline key points in this generalized summary.
The properties will be put into production on the presently permitted area as AMC develops their plans. The first production phases are scheduled to begin set up in early April 2016.
As this potential “world-class” deposit of copper and separately of high-grade gold, Medinah shareholders benefit significantly on earnings as a 15% interest holder in the project. AMC is required to pay to Medinah $100,000,000 (one hundred million dollars) to finalize the Option Agreement and acquire the Altos properties. The most lucrative part of the contract will be the retained interest returning dividends for the entire life of the Altos de Lipangue mine properties.
Vittal Karra
Chairman/President – Medinah Minerals, Inc.
SHAREHOLDER UPDATE February 03, 2016
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