Medinah Minerals, Inc. (MDMN: OTC Pink Current) | Medinah Mining Chile Announces Initiation of the Exploration/Drilling Program with Regard to its Altos de Lipangue Property Claims in Chile


Medinah Mining Chile Announces Initiation of the Exploration/Drilling Program with Regard to its Altos de Lipangue Property Claims in Chile

Aug 18, 2014

OTC Disclosure News Service

On Monday, August 18, 2014, Medinah Minerals, Inc. (Pink Sheets: MDMN)
reports that its 100% owned Chilean subsidiary, Medinah Mining Chile,
has received AURYN Mining Chile, SpA initial schedule of exploration and
drilling activities with regard to the Altos de Lipangue group of claims
near Santiago, Chile.

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

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 prefeasibility 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

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

Medinah Mining Chile/Leslie P. Price, Trustee

Further specific details as to the planned project development
activities will become available at

Gregory A. Chapin

Secretary/Director-Medinah Minerals, Inc.

Copyright © 2014 Businesswire. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Leave a Reply