Very pleased by the turn around in copper.
This should help consummate a JV with good terms with a large Major to develop the Pegaso Nero Copper/Moly target if the price trend continues.
I think a turn around in the share price is probable by January with all the tax selling dried up, gold production moving forward, the potential new JV getting close and all the negativity surrounding LPās criminal activity will have had a chance to subside.
As requested:
JMO, I donāt think Auryn is with holding info to tank the share price to enable a cheap take over. Right now, nobody in their right mind would acquire MDMN with all the lawsuits and mess it is in. Why inherit those problems? If anything, and I donāt believe Auryn would do this, is to offer to buy some percentage points for cents on the dollar.
ASK side is loaded again for more dumping 3 million shares for sale to .01 Unreal!! With no communications from our CEO as to whatās happening with the Lawsuits and the Mountain. Itās just amazing we went from weekly photos to dead silence from both Auryn and Medinah,
I have to agree. Tell us something, anything. Even if itās āwe have nothing to report, but we are diligently working and we have shareholders best interests in mindā. Leaving shareholders in complete darkness is not cool or professional.
Vark
Iām not sure of what is specifically being done by Medinah today. I assume that there is nothing to report or at least nothing that can be reported that would not in some way harm Medinahās preparations to move forward in correcting the damage done to us. We may well have to wait until court documents are filed by Medinah before we can see the kind a information that we are looking for. I believe I have a general understanding of the overall actions being taken by Medinah to resolve our concerns when I review the following links provided by Medinah. To believe we are āin complete darknessā might be stretching considering what we do know.
October 2, 2016
On Saturday, October 1, 2016, MEDINAH Minerals, Inc. (OTCMARKETS: MDMN) participated in AURYN Mining Chileās Informational Meeting in Las Vegas, NV. During the meeting MEDINAH discussed its current financial position and made further disclosure regarding its 15c211 discrepancies.
MEDINAH has retained the law firm of Holland & Hart to represent it and direct an independent forensic investigation into its financial and share issues. Additionally, the firm will prosecute all necessary legal actions and will defend MEDINAH in the pending Okanadian legal action. J Stephen Peek and Holly Stein Sollod will serve as the lead attorneys representing MEDINAH.
(view the entire update at)
August 23, 2016
On June 16, 2016, the past and present Board of Directors of MEDINAH Minerals, Inc. (OTCMARKETS: MDMN) announced the initiation of a comprehensive analysis of MEDINAHās books and records. On August 23, 2016, MEDINAH determined that there have been ongoing share issuance discrepancies with what was reported on MEDINAHās 15c211s regarding the actual outstanding shares. Today we contacted the SEC and FINRA and are filing formal complaints regarding these discrepancies.
The current 15c211 as filed on August 15, 2016, can no longer be relied upon. The Company will be filing corrected quarterly statements as soon as practicable. Although the investigation is not complete, it appears that the representative of Medinah Mining Chile was engaged in the sale and/or allocation of primary shares without the knowledge of past and present Directors and Officers of the Company. Additionally, it does not appear that these inappropriate transactions were for the financial benefit of MEDINAH. The Board is continuing its investigation and will not stop until satisfied that all important facts are known.
(section removed by me)
MEDINAH management and the Board of Directors are committed to responsible and accurate financial reporting. We will work tirelessly to redact, rescind and return to the Company all shares inappropriately issued. Further, we will use all means at our disposal to seek redress from responsible parties and will cooperate with law enforcement agencies as needed.
view the entire update at
They should only report news if itās worthy of reporting. If Mdmn wants to be taken seriously at least. You wonāt see first majestic or pretium putting
Up pretty pictures on Facebook every 5 minutes or reporting blow by blow minutes of a lawsuit. They report when something significant happens. This culture of āpiece of mindā realses or in loser Les case ,back channel lies, is a stinky pinky approach and has so far decimated our equity in the mountain.
Wowā¦It has already been six weeks since the informational meeting. Nothing but silence. I do not get itā¦
It is a good day to buy and I have been.
Hi Mangelsen,
I think the fact that Masglas/AMC flew all of those financial, geological and legal professionals from Lima and Santiago at their expense for us to pick their brains show us their INTENT to provide information. I sense that their provision of information is predicated on the fact that the provision of that information does not lessen any ECONOMIC ADVANTAGE they have accrued in our area WHICH IS SUBSTANTIAL. Recall that their aeromag survey included 22,000 ha even though the ADL was less than half of that.
Itās not very often that a discovery just south of where Chileās famous āEarly Cretaceous Porphyry Beltā was thought to end turns out to share the same underlying rocks and same date of formation (91 million years ago) that mega-deposits like the Andacollo Mine share. Masglas/AMC is about as acquisitive as any mining group Iāve ever seen. Of course theyāre going to attempt to QUIETLY tie down everything in sight in between the ADL and the previously assumed southern terminus of the belt.
Back when the geologists found some āgame changingā news on the Nuoco properties at the northern border of the ADL mining district all of a sudden the ācone of silenceā dropped and there was nothing but crickets. Some of us geo-geeks sensed that they may have found some contiguity between the LDM skarn/stratabound deposit and perhaps the Lobo skarn several Kms to the east. Shortly thereafter, at the LV informational meeting, Maurizio slips in a comment something like, oh by the way Masglas just picked up 6,000 hectares in Colliguay just to the north of the Nuoco properties across the Caren River Basin from the Nuoco properties which Medinah owns 37.7% of.
I donāt know what they ended up paying for Colliguayās āEmpressaā Mine but I would think it was a whole lot less than what would have been paid had Medinah or AMC sounded the trumpet on their āgame changingā discovery at the Nuoco properties.
Owning shares of a publicly traded āholding companyā that owns a very large stake in a privately held mining company like AMC has its pluses and minuses. If the privately held miner is in acquisition mode it can QUIETLY pick up a lot of mining concessions without many taking notice. The downside for a Medinah type company might be less banging of the drum when good news develops. We have to keep in mind that Medinah gets a 26.7% stake in everything that AMC annexes within 5 Km of the perimeter of the original ADL mining district. The Empresa Mine is about 11 Km away so Iām not sure how that acquisition affects Medinah.
So this public-private situation does indeed have pluses and minuses but if the private mining company has a voracious appetite for new concessions then I would think it will net out nicely for Medinah whose largest shareholder happens to be the private company.
at 0.0065 no one is biting 
unbelievableā¦
Bitten
I decided to look into this. On the official government mining claim site, I found a nice new cluster of claims registered to Medinahās Director Volante Gomez who obviously is also involved with Masglas.
Here is a map showing the location of the new claims relative to the existing Alto claims.
Inspecting this new area via Google Earth shows it to be another plateau area not all that dissimilar to the Alto Plateau just across the valley to the North so hence the interest by Masglas.
Another related consideration - Iāve posted in the recent past a snapshot of JJās claims after the Auryn deal. Recall from that snapshot that JJ has acquired more properties in the vicinity of ADLā¦some posters were incensed by this, but I guess thatās business in the mining world.
I would think that Auryn definitely doesnāt want to telegraph their intentions to someone like JJ who is intimately familiar with that area of Chile, who by all reports has/had a contentious relationship with Auryn, and who is now very likely to be involved in any litigation related to the fraud that victimized Medinah and its shareholders, of which MASGLAS is a significant one. The last thing Auryn probably wants is to indirectly convey the benefits of their exploratory work and/or be held hostage by JJ holding some valuable claims in the vicinity of their ADL properties.
That is not something Iāve heard, it is only my speculation which I believe has a certain degree of plausibility.
Mike, can you post a snapshot of JJās claims in the ADL area? He has some other entities he uses to hold claimsā¦one being Agroinversiones off the top of my head.
Rick,
Taking a quick look at it, the claims around the Fortuna still have his name on it along with the old Pangue/Caren placer claims that still appear to be owned by American Sierra Gold: http://www.otcmarkets.com/financialReportViewer?symbol=AMNP&id=161865
Iām going to guess that the claims around the old Cerro holdings simply havenāt been updated to show Aurynās ownership yet.
He also still has the Agroinversones claims to the SE of the Alto although I think those are actually in an agricultural valley area.
Hi Rick,
I think the demand for mining concessions from our northern border up into the middle of that porphyry belt has been āwhite hotā ever since Aguilera test dated the molybdenite from our Pegaso Nero and it came back at 91 million years old. This equalled the age of the star deposit in that entire belt i.e. the Andacollo Mine.
Itās a geoscientists dream to make a discovery near an established ābeltā of, for example, porphyries of the same age in which the new discovery shares the same ābirthdateā. The geos can then use the 11 or so deposits in this belt as a template to study. The similarities from deposit to deposit can be striking as one might guess because from a āregionalā point of view itās the same āsubductionā process involving the Nazca Oceanic Plate undercutting Chileās South American Continental plate that drove the entire process.
The chemistry of the sought after minerals is static and predictable. The tectonic plates sliding against each other generated a lot of heat at different levels of the earthās crust. The deeper you go the hotter it gets. At the depth below surface at which the temperature went below about 2,600 degrees C the moly solidified. It had to, thatās its melting point. At the depth that the temperature got below 1,000 degrees C the copper solidified. It had to.
If the Andacollo porphyry had moly at a certain depth below surface then the chances are that so too will the PN. Although there might be a lot of kilometers in between the 2 deposits from Mother Natureās point of view itās the same address in the same āneighborhoodā. At Andacollo, for example, they have about 100 gold bearing veins running from NW to SE about 2 Km from the center of the porphyry. The ADL district has a bunch of veins running from NW to SE about 2 Km from the PN which appears to be near the epicenter of the Cu-Mo porphyry. Andacollo is famous for a nice thick layer of supergene enrichment featuring a high octane form of copper called āchalcociteā. On a weight basis it is 80% Cu.
At the Nuoco properties before the ācone of silenceā dropped it was announced that the forms of copper found there were of 4 different types. Three were high octane copper in the form of chalcocite, malachite, and bornite and the fourth was the boring old chalcopyrite variety. Clearly we have some supergene enrichment present but we already knew that from the mining done at the Fortuna Centro Vein.
Being a resident of this ābeltā results in reams and reams of new data being made available to overlay the data already garnered on site. Take a moment and compare the description of the āEmpressa Mineāsā geology in Colliguay and compare it to the ADL and see if you can find many differences.
PBS Nova had a great show about metals last week. Catch a rerun if you didnāt see it, good stuff.
Program Description
The enduring luster of gold, the
conductivity of copper, the strength of steelāthe special properties of
metals have reshaped societies and defined eras; they have such an
important role in human history that entire ages have been
named after them. But what gives metals their astounding
characteristics? From the perfect ring of a bronze bell to the
awe-striking steel construction of Beijingās āBirdās Nestā stadium, how
have humans perfected metalworking? And how have metals enabled our
modern hi-tech world? Explore the science of metals with chemists and
engineers as they literally test the mettle of metals and investigate how these remarkable materials have ushered humanity from the Stone Age to the stars.
Treasures of the Earth | NOVA | PBS
