Medinah Gold News
Jun 28th, 2007 by admin
There are new developments with Medinah Mineral’s spin-off company:
http://www.medinah-gold.com/proj.asp
RECOMMENDED PROSPECTS FOR DEVELOPMENT
Madre de Dios Properties, Chile
June 27, 2007
Upon the return of Medinah Gold’s Vice President of Development, Paul Jones and Consultant, Ralph Bonham from a 17-day assessment trip to the Madre de Dios properties in Southern Chile, the following assessment and recommendations have been made:
Selection of two priority targets for prospective development and further exploration by Medinah Gold, Inc.
- The Robles Sur – is currently being mined and developed by local miners under a consent agreement with owner Juan José Quijano. The strike zone is currently being mined via an underground tunnel. The sixty meters of active tunnel is exposed on both sides of the ridge and the overburden two-thirds less than other prospects. Crude methods of mining and recovery have reportedly yielded over 1,000 grams of gold from materials averaging about 5 grams of gold per cubic meter. Samples taken by our team correlate to those figures. An exploratory pilot plant would allow bulk sampling and provide cash flow in the process.
- The Amparo property – ten kilograms of gold have been recovered from about 500 meters of underground tunnel. Most of the values have come from local zones of sizeable nuggets. The overburden is heavier and materials more concentrated. Abundant water, inexpensive exploration – both surface and underground – are attractive features.
RECOMMENDATIONS
- A pilot plant, designed by Ralph Bonham for extensive testing, exploration and ore processing be built in Chile.
- The Robles Sur be the initial development target.
- The Amparo and other properties in the Madre de Dios need to be further tested.
SUMMARY
Medinah Gold will now pursue the following objectives:
- The funding of up to $1 million for development and exploration of the Madre de Dios properties.
- Initiate the process for becoming a publicly traded company.