MDMN LDM Shareholder Update
OTC Disclosure & News Service Las Vegas, NV - August 17 2012 Dear Shareholders: Management of Compañia Minera LDM Chile reports that the development work at the Las dos Marias property near Santiago, Chile is expanding into a new phase. The discoveries made during the tunneling operations have necessitated the development of a “much larger scale” mining operation. Company Management, Mining Engineers, and Geologists are presently developing new mining plans that will be submitted to the Chilean State Mining Departments. These plans include the extraction of significant ore tonnages apart, and in addition to encountered veins at DDH-1, and anticipated at the soon to be reached DDH-2 site. While awaiting the completion of the detailed mining plan and the current sampling programs, a short summary of significant events follows. The mining crews passed the first target Diamond Drill Hole DDH-1, at 41 meters in the tunnel. Some loose material was encountered at this location and shoring was required. A crosscut was completed across the vein 6 meters distance to the east and 4 meters distance to the west. At the end of the east crosscut, the value was 13.69 grams gold per tonne with an average of 8+ grams gold per tonne over the entire 6 meters. At the end of the west crosscut, the value was 9 grams gold per tonne with an average of 5+ grams gold per tonne over the 4 meters. This will be an additional target of future mine production. During ongoing tunneling work, crews discovered a previously unknown mineralized quartz vein. This vein is crosscutting the skarn zone and is mineralized similarly to DDH-1 at 6 meters east. This 2-meter vein was discovered at 51 meters with assay results pending. Random sampling of the skarn has been ongoing during the tunneling process. Samples of skarn material returned grades ranging from 9.4 grams per tonne gold to 2.3 grams per tonne gold. Sampling of the skarn material in the open pit returned assays similar to those from inside the tunnel. The Geologist and Engineer are creating a map of the tunnel project that will contain the full descriptions and the assay results and sample locations. This will give us a better overall understanding of the mineralogy of both the skarn zone and the intersecting gold quartz veins, and to examine the relationship of the additional quartz veins being encountered, as the tunnel progresses to DDH-2. Señor Juan José Quijano Fernández President/CEOShareholder Update - August 17, 2012
Aug 17, 2012
SHAREHOLDER UPDATE
A newly discovered secondary tunnel from the Spanish era, beside the principle veins, showed a surprising 6.50% copper per tonne across the face with other values in the order of 1.51% copper per tonne from the wall rock sampling.
