Medinah Minerals, Inc.: Drill Results of Altos de Lipangue Project
October 30 2014 - 3:56PM
Business Wire
Medinah Minerals, Inc. (OTC PINK: MDMN) is pleased to announce
the results of the first diamond drill hole completed in the
current drill campaign that started on October 2nd to explore the
Altos de Lipangue project located approximately 30 kilometers
northwest of Santiago-Chile. The first stage of the drill program
is focused on the evaluation of the Gordon breccia and the
potential for a related porphyry copper gold deposit at depth.
L14-19 was drilled parallel to and 25 meters east of hole L00-12
to test for the continuation to the east of the upper gold rich
zone of the Gordon breccia. Historic hole L00-12 had intersected
mineralization over a down hole width of 96 meters (158 - 254 m)
that included three reported zones: 2.23 g/t Au, 16.16 g/t Ag &
0.55% Cu across 25 meters (158 - 183 m); 0.33 g/t Au, 3.06 g/t Ag
& 0.07% Cu across 11 meters (199 - 210 m); and 0.56 g/t Au,
2.33 g/t Ag & 0.14% Cu across 28 meters (226 - 254 m).
Recently completed hole L14-19 intersected a similar broad
mineralized zone over a down hole width of 82.75 meters (183.35 -
266.10m) plus a 4.90 meter (153.60 - 158.50 m) zone in the hanging
wall. The results are tabulated below and shown graphically on the
accompanying cross section.
Hole No.
Northing
Easting
Azimuth
Dip
Length (m)
L14-19 6313492.4 314961.2 370°
- 70°
302.40
From (m)
To (m)
Width (m)
Au g/t
Ag g/t
Cu%
153.60
158.50
4.90
0.74
6.14
0.14
183.75
186.00
2.25
0.42
39.56
1.58
191.00
225.05
34.05
0.51
15.99
0.45
252.10
266.10
14.00
0.61
3.57
0.13
The visible mineralization is predominantly pyrite with patches
of replacement chalcopyrite in both the matrix and fragments of the
breccia. Pyrite and associated chalcopyrite also occur as
disseminations and veinlets in the propylitically altered
granodiorite in the hanging wall and in the weakly brecciated
horsts that occur between zones of strong hydrothermal breccia.
Sulfide content ranges from 2 to 10% overall with narrow zones
(veins) that are massive. It should be noted that high molybdenum
values of up to 168 ppm Mo occur in the zone of highest copper
which is a very favorable indication of a potential porphyry
association with the breccia.
The eastern continuity of the upper gold rich zone of the
breccia was confirmed by hole L14-19 and the Company has already
completed hole L14-21 that is a 75 meter step out to the east.
Results of hole L14-20, located 25 meters west of historic hole
L00-12, should be available for release during the next week and
will be followed shortly by the results for the above mentioned
hole L14-21. Hole L14-22 is presently in progress. It is located
150 meters south of L14-21 and is the first of the series of deeper
holes (+ 500 meters) that will test the copper rich lower portion
of the breccia and search for an underlying porphyry.
The samples from L14-19 were obtained by sawing the core and
bagging one half for delivery to the Andes Analytical Assay
laboratory in Santiago, Chile. The assaying procedure included ICP
determination of the values for 33 elements plus Fire Assay to
determine the values for gold. Standards, blanks and duplicates
were routinely added to ensure compliance with Q/QC protocols.
This report was prepared and approved by David Bent, Exploration
Manager for AURYN Mining Chile SpA who is a registered P. Geo (Nova
Scotia) as well as a member of the Colegio de Ingenieros del
Peru.
Respectfully,
Dennis B. TenneyCEO – Medinah Minerals, Inc.
South American Mining MediaRoberto de Silva,
702-727-8235Roberto@southamericanminingmedia.comhttp://www.medinah-minerals.com
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