Medinah Minerals, Inc., (ticker symbol MDMN) headquartered corporately in Las Vegas, Nevada, is a junior mining exploration company with mining properties located within the continent of South America, just north of Santiago, Chile. The company’s assets consist primarily in high-grade deposits of gold, silver, copper and molybdenum (moly). At the present time, Medinah Minerals, Inc. is in final Joint Venture Agreement discussions with several potential partners to establish an economically viable bulk mining production operation.
Specifically, Medinah’s chief holdings consist of the Alto de Lipangue and Las dos Marias claims. Medinah Minerals, Inc. claims are registered (Medinah Mining, Chile) and recognized under the Chilean “Mensura” mining laws. The recently expanded contiguous properties cover an area of approximately 10,000 hectares.
The Alto de Lipangue Breccia Mineralized Zone is a very large hydrothermal diatreme breccia pipe intruded at contact between the granodiorites of the Central Batholith and the intermediate volcanics of the Cretaceous "Formación Lo Prado." The granodiorite batholith is deemed to have formed in the early to mid-Cretaceous age and may have been formed contemporaneous with the volcanics of the Formación Lo Prado. The hydrothermal breccia pipe was intruded at later stages and includes brecciated fragments of both rock types.
The Las dos Marias mineralized deposit is different in that it is a manto-type deposit, which is a deposit wherein hydrothermal solutions emanating from a late stage intrusive event, such as the adjacent Alto de Lipangue Breccia pipe that percolated through porous or permeable volcanic tuffs or lavas and deposited the contained copper and other metal sulphides into the host rock. The hydrothermal solutions were able to replace permeable volcanic rocks without causing extreme alteration of the less permeable or impermeable rocks within the stratigraphic column, thus there are horizons between the "mantos" in the deposit.
Medinah Minerals, Inc. also participates in ownership with a 5% interest in the Madre de Dios project located in South Central Chile that was the subject of a recently completed Joint Venture production agreement with Global Gold Corporation (ticker symbol GBGD). The equipment for the processing of metals is now on the Madre de Dios site and being assembled to begin production.
