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News
Release
A.C.A.
Howe International gives "thumbs up" to
Alto de Lipangue and Las Dos Marias
Lake
Elsinore, Ca., June 27, 2000 ... The Board of Directors of
Medinah Mining, Inc. are pleased to report that A.C.A. Howe
International Limited through their Chilean subsidiary, Howe
Chile Limitada (Howe), have completed an Geological Report
on the Alto de Lipangue and Las Dos Marias gold/copper properties.
Howe
was retained to review the exploration and mining activities
completed to date over the Alto de Lipangue and Las dos Marias
properties. The properties are located in the Metropolitan
region of Chile, approximately 30 kilometers northwest of
Santiago, Chile.
In
summary, Howe stated that "Medinah’s Lipangue property
contains the Lipangue polymetallic breccia pipe which represents
an excellent target to host underground, bulk mineable, gold-copper-silver
mineralization. This target remains open to the east and down
plunge, and could become much larger in extent as Medinah
traces it in these directions. The breccia is still in the
earliest stages of drill definition and Medinah believes that
with a minimal exploration program the potential size of this
target can be substantially increased. Other parts of the
Lipangue Property have only been reviewed on a preliminary
basis, or not at all, and these should be further explored,
since the potential exists for additional breccia style mineralization."
"The
Dos Marias Property, hosts an early stage, grass roots shear
zone hosted gold prospect and stratabound or manto replacement
skarn copper mineralization. Recent drilling into the shear
zone hosted gold target has returned mixed results, however
a new geological map by Medinah indicates that structure of
the property is much more complex that originally believed
and that the main gold bearing structures may actually be
oriented in oblique to the main shear zone, which is subparallel
to the direction of the recent drilling. The property hosts
areas of strong pervasive alteration, and indications of numerous
old mining operations and based on this Medinah believes that
it warrants a re-evaluation of the gold potential. The manto
replacement copper skarn mineralization remains untested."
"Medinah’s
land position is secure in both properties, in that it covers
the strike and down dip extent of all of their defined mineralized
zones and leaves sufficient ground to define new targets along
strike or on other parts of the property."
"Howe
recommends that a two phase, results driven program be conducted
in order to further assess the large tonnage, bulk mineable,
breccia hosted gold-copper-silver potential over the Lipangue
Property. The total cost for Phases I (US $482,900) and II
(US $800,250) is approximately US $1,300,000."
"Howe
also recommends that a two phase, results driven program be
conducted in order to assess the vein style and shear zone
hosted gold mineralization and copper skarn replacement mineralization
over the Dos Marias Property. The total cost for Phase I (US
$89,760) and II (US $169,400) is approximately US $260,000."
For
further investor information contact Investor Relations
at (604) 903-2981 or visit us online at
www.Medinah-Minerals.com
Note:
This news release may contain certain "forward-looking
statements" within the meaning of the United States Securities
Exchange Act of 1934, as amended. All statements, other than
statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization
and reserves, exploration results, and future plans and objectives
of Medinah Energy, Inc. are forward-looking statements that
involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate, and actual
results and future results could differ materially from those
anticipated in such statements, Important factors that could
cause actual results to differ materially from the Company’s
expectations are disclosed under the heading "Risk Factors"
and elsewhere in documents filed from time to time with the
United States Securities and Exchange Commission and other
regulatory authorities.
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