Hey Wizard… thanks for keeping us updated and thank you for keeping the Miningplay going for us. Without the Miningplay we would be lost! Merry Christmas to you and your family!
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Well that’s a nice Christmas present!
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A Happy Festivus to my fellow co-comiserators!
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Hey Wizard… thanks for keeping us updated and thank you for keeping the Miningplay going for us. Without the Miningplay we would be lost! Merry Christmas to you and your family!
Merry Christmas to you and yours as well. Given our sunk cost and the fraud perpetrated against us, keeping this alive and supporting current management is the least I can do. I think it’s the reason Maurizio has continued to put in money with no dilution to shareholders as well. Too many good people were taken advantage of by Price.
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That ugly Black Stuff looks just Beautiful! The Light Green & Gold is also a VERY nice accompanying compliment. 
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If those two yellow spots in the first picture are gold then it sure looks like bonanza grade gold. Anyone know how much gold constitutes “bonanza grade” ??? I just looked it up . . .at least 34 grams per ton is bonanza grade. In the first picture it looks more like 100 grams +
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I knew it! When their last message announced they were back on the mountain and “working hard to close out the year,” it seemed as if they were alluding they have the plan to achieve an important goal by the ‘closing of the year.’ Subconsciously — nothing intentional, I’m sure. lol!
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Merry Christmas, everybody!
We all deserve good news. Period.
Brecciaboy, any comments on the pretty colors there?
I sincerely hope this time the lab CONFIRMS we are in the mesothermal vein!
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Nice milestone. Took awhile but this is a huge step forward. We all deserve this.
Merry Christmas everyone.
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There are many here I think like you who are proud to join you and who incredibly appreciative of all you have done on our behalf.
THANK YOU!!!
Best to you and all our like minded and spirited investors at Christmas time.and through all of 2023
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Merry Christmas everyone and lets hope this is a turn around point for us all going into 2023, I did notice as soon the news came out both large sell orders disappeared.
Thank you to everyone who have shared there views over this past challenging few years. Many thanks Wizard for the work you have put in on this board means a lot to many here who have struggled holding on to Auryn/Medinah. Wishing everyone a safe and wonderful holiday season and all the very best for 2023.
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I wish I had posted this two nights ago when I was reviewing my year 2022 and noting how at peace I have become with whatever is going to happen ahead with MDMN.
For the first five years I was invested here (starting in November 2011), the company was run by crooks.
But ever since I went to the Oct 1, 2016, shareholders meeting in Las Vegas, I have felt assured that no matter how this venture winds up — in success or failure or further decades of drifting up, down, sideways — it was at least in the hands of accomplished and competent and decent people who were going to do their very best to get this thing sorted out fairly.
I had looked them in the eye and shaken their hands and made my own call on them, and from there on out, I knew that everything was on me…
And then I woke up to yesterday’s post from Auryn… Was that just YESTERDAY!
What a sweet Christmas gift from Maurizio. He could easily have waited ten more days, when we could have expected some news, but no. How kind!
Warmth to all.
— madmen (Brad)
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I guess the question I have is If in the process of seeking out the Don Luis mesothermal vein we have hit 25 new veins, why did we NOT go ahead and start PRODUCING from even ONE of the veins we found? Would it be for logistical reasons? Other good reasons? Maurizio wants to get his money back, right? If no such reasons exist, it seems to me maybe these 25 veins might not be worth it? But haven’t we seen good results from these veins? Sorry, I’ve been away from this for such a long time I forget our status.
Hi mrb,
I think that the middle picture from Kevin’s post is the most diagnostic for us. That ore looks eerily similar to the ore seen in Auryn website’s “gallery” under 2022 Q-1 pictures #54 and 56A. Those pictures were taken near the intersection of Level 2 and Shaft A. The reason it’s diagnostic is because we already have 18 samples Auryn took from that area and the grades contained therein. These samples were taken FROM BARELY ABOVE THE ANTONINO ADIT LEVEL IN THE OLD WORKINGS WHEN AURYN SENT A COUPLE OF ASSOCIATES DOWN SHAFT A. The grades were extremely high in gold content. I believe 6 of the 18 were over 100 gpt which is insane. The key is to be able to say that ore with this physical presentation, at this particular depth within the strata featured grades of “X”.
Picture #56B is harder to appreciate because of the limonite present. That’s the scaly-looking yellowish- brownish copper oxide/hydroxide that’s found where it’s wet, like near the water at the base of Shaft A where the picture was taken. It’s also known as “bog ore” and is the #2 source of copper in the world. Note the discrepancy between the almost negligible copper found in the “old workings” (levels 0,1 and 2) and what is showing up near the level of the Antonino Adit which is the new “level 3”.
Deposits like this typically are formed of 6 different levels that tend to blend in with nearby levels. At surface you have the “gossan cap”. Do you recall that 200-meter wide zone of argillic alteration found at surface around the DL1 Vein. This sends the message that there might just be something very special under this area because the permeability to the hydrothermal fluids that cause the alteration was impressive. Next is the “leached zone”. It is somewhat barren because acids formed by the oxidation of pyrite tend to convert the minerals here into “sulfates” which get dissolved and head lower in the strata to pile up in sometimes huge quantities near the historic water table. Next comes the “oxide zone”. This is where these samples appear to be taken from. The reddish color appears to be an oxide of copper called cuprite. The oxide/hydroxide known as “limonite”, like we saw in picture 56B in large quantities, also occurs here in the oxide zone.
Below the oxide zone is the historic water table. Below it is called the “supergene enrichment zone” or SGE zone. This is where all of those metals dissolved after being converted into “sulfates” end up piling up in sometimes insane concentrations up to 10-times the original grade they had above. Here you’re going to encounter very high-grade copper like bornite, covellite and chalcocite. Do you remember all of that blue stuff we ran into early on in the Antonino Adit and how Maurizio ran up and did a video of? That blue stuff appears to be bornite. Not all deposits have SGE zones featuring bornite, covellite and chalcocite but when they do these zones can be hundreds of meters thick.
You also want to keep an eye on the nature of the white stuff known as quartz surrounding all of these metals. You want to see plenty of the quartz type seen in that middle photo from Kevin. This appears to be chalcedonic quartz which is also known as cryptocrystalline quartz or milk quartz. You can’t make out individual crystals in this stuff. The hydrothermal fluids cooled too rapidly for these crystals to form. This suggests the presence of a “boiling zone” where the super high-grade gold tends to hang out. In order to get super high-grade gold piling up, you need to get something to separate the gold from the sulfur it travels with in hydrothermal fluids as “thiosulfate complexes”. The boiling process releases the energy to break these bonds. Similar to “SGE zones” these “boiling zones” can extend vertically for over 200-meters.
All of these very favorable phenomena need a high level of PERMEABILITY of the rocks. Did you notice all of those 25 or so intersections that Auryn made throughout the course of the Antonino Adit? Did you notice that 200-meter wide of argillic alteration at surface surrounding the DL1 Vein? These are signs of very high levels of permeability which allows “UPFLOW” of ore-bearing hydrothermal fluids as well as “DOWNFLOW” of copper, silver and gold sulfates down to the water table forming SGE zones.
I’m going to guess that this 18-sample program as well as the historical production results from Level 2 which averaged about 74 gpt gold, is why management has been hell bent on intersecting the DL1 Vein just below Level 2 which has never been mined.
What’s refreshing for me is that this deposit is making very good GEOLOGICAL SENSE. It’s almost textbook. The surface alteration tells us that there’s excellent PERMEABILITY. The artisanal miners, SMFL, didn’t run into much copper at levels 0 and 1 because they were operating in the “leached zone”. The average copper grade in levels 0 and 1 were only 0.2%. The copper had already migrated downwards probably millions of years ago. The Antonino Adit, which is the new “level 3”, all of a sudden, starts showing all of this blue bornite all over the place which was absent from up above. The higher-grade gold is hanging out with milk quartz just like it should. IT’S NICE WHEN THINGS MAKE SENSE!
Mining and investing in mining companies is a lot like detective work. First you need to learn the basics like the 6 zones of mineral deposits. Then you augment this information with things like copper oxides tend to present as various shades of red, blue or green or high-grade gold tends to hang out with milk quartz. The Auryn website “gallery” presents a treasure trove of information once you’ve got the basics down. I’ve been cheating and consulting with a bunch of P. Geos I’ve been friends with over the years.
Pattern recognition is important and will tell you that there weren’t many of these oxides up high in the “old workings”. This only makes sense for a “leached zone”. The inference is that we’re entering into an “oxide zone” near level 2. The heads up might be to be on the lookout for some bluish bornite (an SGE mineral) or some limonite suggesting you’re transitioning from the historic water table area into an SGE zone. As Auryn progresses down into levels 4,5 and 6 you want to be on the lookout for super-high grade forms of copper like chalcocite, bornite and covellite.
The grayish looking ore seen all over the place is granodiorite, the host rock. It is an “igneous intrusive” rock which does not “extrude” onto the surface like lava does. As you might expect, certain types of copper and gold minerals feel at home hanging out with granodiorite. The only reason it’s found at the very surface at the ADL plateau is due to EROSION. Mother Nature took care of a lot of the overburden in the area. Under low magnification granodiorite looks like a salt and pepper mixture like you see in its cousin “granite”. After being crushed a bit, it will look like the gray sandy stuff you see in the loader. It is a wonderful host for both gold and copper. The reds and the greenish-blues will often suggest the presence of copper (“the red metal”). Recall that 5.3% copper we hit earlier on in the Antonino Adit as well as the limonite in picture #56. The 6th zone way down low is occupied by the more boring “primary ore” like chalcopyrite.
When grades are reported in early January, keep in mind that the average gold grade being mined worldwide (open pit and underground) is 1.29 gpt gold. Without a benchmark grade for worldwide gold production, an investor can’t tell the difference between good and bad grades. Underground only mines average a grade of 4.15 gpt gold. Because of the lack of new discoveries over the last 35 years, this average grade figure is dropping by 6% per annum. Obviously, anything over 10 or 20 gpt gold represents a home run. But my advice would be to study the HISTORY of the DL1/Fortuna Centro Vein, and don’t be a doubting Thomas if, if, if some scary grades are reported in the areas of the Antonino Adit and lower. The grades about to be reported from this intersection are not like the typical sampling of one you see in a drill hole at a given depth. The historical production grades as well as the results of the 18-sample program add statistical validity to what is about to be reported from this level immediately under Level 2. I have no personal insight into what the grades might come back as. All I can do is do the due diligence grunt work now so that I can react quickly when an ultra-low-risk opportunity presents itself.
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why did we NOT go ahead and start PRODUCING from even ONE of the veins we found? Would it be for logistical reasons? Other good reasons?
I have asked that more than once and the reasoning hasn’t changed. The Don Luis is a high-grade vein with a known width and depth. It is a company-maker. The other veins would be more of a gamble.
Do not misunderstand me, AUMC could make some money on 15g veins IF they have width and depth. But just because we hit them, we don’t know how deep or wide they go. With the DL, we know there are outcroppings 700m below surface and it is over 1k in length.
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Thanks to Brecciaboy and Wizard - very lucky to have you guys around - it’s all making sense to me, although I get a bit of it, I’m going to have to re-read Brecciaboy’s response a couple more times, take notes, and draw pictures to make sure I totally get it!
Looking like we just might have a chance here - we’ll see.
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$3.5 million already invested into the mountain. MC knows what the mountain holds and wants to hit that Grand Slam. Looks like he’s on his way in doing that. Merry Christmas to all!
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This is a great Christmas present from Auryn.
I wish MDMN would let us know when we’ll get the Aumc shares they’ve been sitting on for quite some time now!!
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Dentman, there are debts to be paid, and we don’t want them liquidating shares at LOW prices to pay them. We have to wait until news drives the price up, and then I think they’ll do the conversion. I think I recall that’s where we are on that.
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Well mrbubba, you answered Dentman with a good answer yourself. Other answers have appeared including this one by Wiz:
I alluded to one other consideration recently on another thread (See my last post on Other Mining Stocks 2022 “vent raise at Fruta del Norte mine”):
[quote=“easymillion, post:156, topic:2949”]
…and what Maurizio and crew need to do to really open up the Don Luis vein and Antonio tunnel by constructing the properly placed vent raise.[/quote]
Brecciaboy hit right on it not too long ago:
BB also said in one of his posts,
"You don’t want to construct the “ventilation safety” chimney unless and until you’re a 100% sure you’ve intersected the DL1 Vein and not a cousin of it…
Remember though that the intersection with the “old workings” is what is going to provide them with the fresh air to safely produce from multiple levels and exploit several working faces simultaneously…
The key is to successfully intersect the DL1 and get the “ventilation/safety” raise as well as the gallery completed. Then you can access a very dynamic production growth profile."
So bring on that “jumbo” drill rig and really get to producing! Ho Ho Ho
Santa did arrive this year, but it will take a while to unwrap all those presents!
Until then, here’s wishing you the gifts of time to spend with family, close friends and loved ones. … and Great Joy, Good Health and Prosperity in the year ahead.
EZ
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