Oh yeah, it’s been a monstrous 15 yrs for me with 2.3M shares of MDMN (like many of us here). Those of us who aquired AUMC shares after the split aren’t financially burdened with it’s past.
I’m not doing any somersaults. But I am reasonably confident enough not to sulk down in fear, or to post my own baseless negative projections as if they were facts. I try to remain balanced between the two extremes.
I couldn’t agree more.
JDS. I had you in mind when referring to the silent minority!
In case anyone was interested where American Sierra Gold is poking around; refer to map. Claim 1 & 2 refer to the mid points of the 2 new claims. You can see where these claims are located in relation to the Lampa mine.
Hmmmmm ……. kinda looks like it’s on the same range of mountains, the same trend, so maybe something similar (read mesothermals)?
These claims are probably associated with the Princesa Lara Gold Project but not 100% sure.
This is probably it. See attached.
Hi EZ,
Sure, I remember that pictorial. It’s very helpful in outlining “boiling zones”, where the concentration of gold can get a little crazy. Magma chambers deep in the earth’s crust will periodically build up pressures when the feldspars start crystallizing. The pressure causes the roof/carapace of the chamber to burst and super-hot pressurized hydrothermal fluids and gases escape and migrate upwards where the pressures are lower.
The gold fraction will tend to travel with “chlorite” or with sulfur as a “thiosuphate complex”. If these complexes migrate into an area closer to surface where the pressures are low, the fluids and gases will RAPIDLY COOL. This induces “BOILING” and the energy from the BOILING will sever the bond between the gold and sulfur atoms this allows the gold to pile up in very high concentrations. It seems a bit odd, but these fluids are so hot that they need to cool in order to BOIL.
These things called “silicates” are also contained in these fluids. When the ambient conditions allow RAPID COOLING, these silicates will precipitate out as a form of quartz known as “CHALCEDOIC QUARTZ”, or milk quartz or aphinitic quartz, or microcrystalline quartz. Thus, in nature, CHALCEDONIC QUARTZ will tend to coexist with very high-grade GOLD.
EZ, in your pictorial, look to the left-hand boundary. Note the references to “chalcedonic replacement” and “microcrystalline replacement” at the same place where the high-grade gold was found. There is another pictorial that Auryn put out as part of a press release. It showed a classic “boiling zone” where the veins are nick and wide before they choke down to an “epithermal vein”. The good thing about “BOILING ZONES” is they’re extremely thick vertically. They average about 350-meters and can extend to up to 800-meters. I wish I could find that pictorial, it’s really well done. It was accredited to “Buchanan” in Auryn’s PR but he stole it from Greg Corbett, from NSW, Australia.
EZ, in your pictorial, look to the top right where in red it says “continuous gold anomalies at surface”. This is the Merlin 1 Vein which showed insane results in trench sampling. At the very surface, Auryn averaged 26.9 gpt gold (volume weighted average i.e. the accurate way to measure.) This whole area where the 3 adits are shown is what used to be called “The Caren Mine”. The original plan was to go in at Adit #3 and develop that area. Auryn drifted a very long adit and had nice findings. SERNAGEOMIN insisted that Auryn put in 3 vertical raises (each about 140-meters in height). The cost would have induced major league share structure dilution. Maurizio, the consummate hater of share structure dilution, said we’re going on to Plan B and develop the Fortuna Mine first in order to get the cash flowing. In a press release that Auryn put out, it looks like the new plan for the “CAREN MINE” is to start production AT SURFACE, via a spiral decline to the south and a ramp decline to the north, and work your way down to the Adit #3 level and bring the superior ventilation in that manner. It makes good sense.
EZ, as far as your synopsis on SUPERGENE ENRICHMENT ZONES (SGE zones), you did a good job. Near surface “pyrite” (iron sulfide) gets dissolved by meteoric water (rain water) and it turns into an acid. The oxygen dissolved in rain water “oxidizes” the ore it can reach. “Oxide” ores are soluble (dissolvable) in acid solutions. The metals in the ore dissolve and head downwards in the rock strata until they find a “reducing environment” (oxidation and reduction are polar opposites) where the “oxidation” is reversed. This is usually right below the water table.
All of these dissolved metals tend to pile up in these SGE Zones usually as “secondary” forms of the original mineral. This happens with gold but more so with copper. The “secondary” forms of copper include super-high-grade forms like chalcocite, bornite, covellite, etc. The regular old boring form of “primary” copper is “chalcopyrite”. You might remember a while back when Maurizio brought a camera crew up to the Antonino Adit; he was super-exited about something. He took a pointer out like a college professor and was pointing out a well-developed structure that appeared to contain a lot of bornite.
A heads up: Early on in the exploration and development process, it is the GEOLOGY that helps lead you to solid investment decisions. This is when the scientists like Mike Gold and EZ have the advantage. One of my mentors always taught us to keep an eye out for any “fatal flaw”. If the junior explorer/developer were fortunate enough to become a JUNIOR PRODUCER then the financial guys are worth listening to, UNLESS IT BECOMES INCREDIBLY OBVIOUS THAT THEY HAVE A FINANCIAL INCENTIVE DIRECTLY CONTRARY TO YOURS.
It’s hard to imagine any liquid that needs to ‘cool down’ before it can boil. Mind blowing 
I appreciate this info about boiling zones and how gold & other metals form, and it’s relation to chalcedoic quartz.
Your info regarding SGE zones and how they form is broken down. Some of us need more details so we can visualize that happening, lol. Now it’s easier to appreciate the geologists & scientists objective analyses with some clarity. thanks!
BB, I appreciate the detail in your answering me. The above information is extremely good news. The Caren Adits … #1, #2, and #3 really looked as though the project could be developed with a little more time and money. Now, that time for exploitation is coming nearer to fruition again with a newer approach from the surface. The spiral decline and access ramp will be much easier and quicker than advancing the adits from below.
The following section reminded me of Madmen’s suggestion to put it to music and use it for a lullaby! 
The gold fraction will tend to travel with “chlorite” or with sulfur as a “thiosuphate complex”. If these complexes migrate into an area closer to surface where the pressures are low, the fluids and gases will RAPIDLY COOL. This induces “BOILING” and the energy from the BOILING will sever the bond between the gold and sulfur atoms this allows the gold to pile up in very high concentrations. It seems a bit odd, but these fluids are so hot that they need to cool in order to BOIL.
These things called “silicates” are also contained in these fluids. When the ambient conditions allow RAPID COOLING, these silicates will precipitate out as a form of quartz known as “CHALCEDOIC QUARTZ”, or milk quartz or aphinitic quartz, or microcrystalline quartz. Thus, in nature, CHALCEDONIC QUARTZ will tend to coexist with very high-grade GOLD.
I love your technical description of how these deposits are formed, and especially the methods for extracting the mineral wealth in a carefully thought out plan! From what I’m hearing and seeing, management plans to sell its high-grade concentrates on an Free on Board (FOB ) basis to major global traders like Glencore or Trafigura. This will greatly optimize profit margins by bypassing mid-tier processing fees.
Thank you brecciaboy.
EZ
I had not connected those dots - thanks for sharing, explains a lot!
Uh-huh - I think I know what you mean, right on. I sure hope others know what you mean.
More pictures today!
No caption - just pictures:
And here’s a link for a VIDEO they posted, with a caption that says:
A visual overview of the work done at ADL.
And more pictures:
Ya think these guys are trying to TELL us something?
Looks like they KNOW where the veins are.
But, that’s just me.
Site is cleaned up! Looks like MG is correct! Plant going into commission this week.
not to miss quote MG but this is what he posted a couple days ago In response to Baldy
First up; plant completion target is this coming Friday. Hard to imagine that will actually happen. If some real trading buy volume shows up this coming week; might be a good sign.
You’re exactly right, I had forgotten what Mike said, too many distractions around here.
All I know is my old CDCH is making good. hahahhahaaaaaa
I think in addition to the “like” for each comment, there should be also be a “thumbs down”. I believe that may show some reality.
How’s that? 
Hi Folks. Yup I’m back. Years ago when I got fed up with Ameriturd the only way I could move 500k MDMN shares out of the account to close it was to have them send me a paper cert. Turns out to have been a bit of a blessing 
to keep me attached to this investment. At least it couldn’t be any more of a curse than it already has been.
I hope you’ve all been well and the wait that you’ve endured finally reaps some well deserved reward. I’ve got nothing to offer here but my usual TA take on charts which I’m happy to provide if asked. Otherwise I’m just a cheerleader.
Happy 2026 
Nice looking vein! Looks like there is a lower grade mineralized part, and intensely mineralized central part that also appears to contain some chalcopyrite. (Remember, our gold is bound with sulfur.) That hammer head is 7 1/2” wide so gives you an idea of how wide the vein is. There is no caption on whether this is the main Fortuna vein or not. One other thing. The size of the room that the individuals are standing in to look at the vein is really big for some reason.
YES Charts please. Posting them on another topic? A new one is needed for current charts. Thank-you TradeRichagain
I’ll rephrase the question. Can someone please point me to the exploration stage? I’ve been around as long as most and I’m fairly certain this never occured. Yes, MDMN issued billions of legitimate and illegitimate shares but those just went towards G&A. After 7 or 8 years AUMC decided to try to locate a vein but again, exploration? I thought the lack of exploration over the past 10 years was celebrated, resulting in a tight share count. Thank you in advance for any clarification
