Medinah Mining Chile Announces Continuation of Drilling Results from Diamond Drill Hole L14-22, L14-22A, & Start of Drill Hol...
December 23 2014 - 9:28PM
Business Wire
Tuesday, December 23, 2014, Medinah Minerals, Inc. (OTC PINK:
MDMN) reports that its 100% owned Chilean subsidiary, Medinah
Mining Chile, was informed by AURYN Mining Chile, SpA (“AURYN”) of
results from their ongoing drilling program at the Altos de
Lipangue project near Santiago, Chile.
AURYN Mining Chile, SpA reports that it is formulating a
continuing exploration plan for calendar year 2015.
AURYN reports that deep drill hole L14-22A was recently
completed to a depth of 781.35 meters. The drilling system worked
extremely well and lends confidence to intended deeper drill holes
scheduled in early 2015. Drill hole L14-22A had multiple zones that
were propylitically altered with quartz-pyrite veinlets and patches
of pyrite (chalcopyrite). Highlights were a 3 meter section from
358 to 361 meters with brecciation and pyrite-chalcopyrite
mineralization that is probably the on strike extension of the 7
meter gold-copper intersection at 338.5-345.5 meters depth
previously reported on L14-22; a zone of brecciation (narrow zones
of hydrothermal breccias), quartz-pyrite (chalcopyrite) veining and
patches associated with moderate to intense propylitic alteration
over an interval of 20 meters (468 to 488 meters depth) that is the
down dip extension of the Gordon Breccia; a zone of downward
increasing albitization and intense epidotization with up to 5%
veinlet and disseminated pyrite (chalcopyrite) mineralization from
approximately 578 to 603 meters at depth where it truncated by a
dyke (fault); and an increasing frequency of quartz-orthoclase
veining to the bottom of the hole. Assays are pending on this drill
hole.
The presence of distal quartz-orthoclase veinlets is a very
positive indicator for a porphyry system on the Altos de Lipangue
property.
This main drill rig was then moved and set up to drill adjacent
hole L14-23. This drill hole is designated to continue to follow
the higher grade gold zone to the west. Drilling commenced on drill
hole L14-23 and has now reached an in progress depth of 203.4
meters. The intention is to follow the structure to the west to the
andesite contact and test the possibility that it extends under
cover (30 meter wide valley between andesite outcrops) for some
distance into the andesite domain.
Drilling has been put on hold for the Christmas/New Year break
with hole L14-23 at 203.4 meter depth. Drilling will resume on
January 3, 2015.
AURYN Mining Chile, SpA has made offers on the Las Dos
Marias/NUOCO and the Mina Fortuna properties that are contiguous to
the Altos de Lipangue project. If the terms of the offers are
accepted, the properties will be incorporated into AURYN’s overall
exploration plan for 2015, including the drill schedule. The
additional property position would also increase the impetus for
completing a high intensity helicopter borne magnetometer survey of
the whole plateau. This survey would not only help to identify new
mineralized breccia targets but also be a major component in
understanding the regional tectonics (faulting) and the assessment
of porphyry targets. The geological and geochemical programs that
are already underway will continue into 2015 and will be
contemplated by ground geophysical surveying in selected areas.
For the full report by David Bent, P. Geo., please refer to the
Medinah Minerals, Inc. website at www.medinah-minerals.com.
AURYN Mining Chile, SpA/David Bent, P. GeoMedinah Mining
Chile
Vittal KarraChairman/PresidentMedinah Minerals, Inc.
South American Mining MediaRoberto de Silva,
702-727-8235Roberto@southamericanminingmedia.comhttp://www.medinah-minerals.com
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