Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Alto de Lipangue, Chile - Porphyry Copper/Gold Deposits Identified.


LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Nov. 19, 1998--Gordon House, P.GEO, reports on his fieldwork on several of the companies' 1788 properties near Santiago, Chile Santiago, officially Santiago de Chile (Spanish: ), is the capital of Chile, and the center of its largest conurbation (Greater Santiago). .

Work on the Alto de Lipangue property consisted of an IP and geological survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information.

A geological survey
 of a previously discovered breccia breccia: see conglomerate.
breccia

Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured.
 zone. The survey was designed to expose a suspected underlying intrusive. Formerly called "La Fortuna de Lampa Mine," Alto de Lipangue produced ore averaging 59 grams of gold and 104.1 grams of silver per ton over an eight-year period commencing in 1946.

Old mines and quartz veins are abundant in the Alto de Lipangue area and carry good values of copper, gold and silver. It is suspected that these values have been infused into the "country rock" and vein/manto structures by the intrusive. The intrusive has now been identified as a copper/gold porphyry Porphyry, Greek scholar
Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus.
 deposit that is expanding to depth. Mr. House initially recommends 2700 meters of diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral  on identified targets. Management is currently accepting bids from drilling companies.

Mr. House also worked on Medinah's Las Dos Marias stockworks property that is adjacent to the Alto de Lipangue. He has corroborated cor·rob·o·rate  
tr.v. cor·rob·o·rat·ed, cor·rob·o·rat·ing, cor·rob·o·rates
To strengthen or support with other evidence; make more certain. See Synonyms at confirm.
 the previous findings of Paul Jones Paul Jones can refer to:
  • John Paul Jones, American naval hero
  • John Paul Jones (musician), bassist for the band Led Zeppelin
  • Paul Jones (singer), BBC Radio 2 DJ & singer
  • Paul Jones (footballer), a goalkeeper who has played for Wolves and Southampton
 (Mining Engineer) and Sr. Juan Jose Quijano (Dr. of Mining Law), that the potential exists for a quartz stockworks type gold deposit. An IP survey has now been completed over this area and it is reported that an additional two deposits have been identified in Las Dos Marias.

In other news, Medinah Energy Inc., is pleased to report that all of the nine cases in the Olivos Araya/Dayton Mining (Day) or Minera Dayton lawsuits have now been heard. Medinah has purchased the rights to the outcome of these lawsuits that affect several properties owned by Ms. Gumercinda Olivos Araya. The properties are located inside of Dayton's boundaries and mine plan in Andacollo, Chile. Sr. Juan Jose Quijano reports that a decision is possible as early as two weeks from now. Medinah will report the court's findings as soon as they are received.

On behalf of the Board of Directors

Per: Larry Regis, President

For further information, contact Ralph or Alan at Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 at 1-888-572-0170 or http:/www.medinahenergy.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 Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
 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 could differ materially from those anticipate 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.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 19, 1998
Words:498
Previous Article:Veridien Corp. Announces Exclusive Distribution Agreement With Health Solutions & Products Inc.
Next Article:Canadian National, Illinois Central and Norfolk Southern Reach Agreement Concerning Proposed CN/IC Merger.



Related Articles
Diamond Drilling to Commence.
Alto De Lipangue, Chile: Diamond Drilling Program Commences on Porphyry Style Copper/Gold Deposits Identified by Gordon House P. Geo.
Gordon House, P.Geo, Reports Mineralized Prophyry Deposit Confirmed At Medinah's Alto De Lipangue Project, Chile.
Medinah Energy Corrects and Replaces Previous Announcement, BW98, CA-MEDINAH-ENERGY.
Gordon House, P.Geo, Reports Mineralized Porphyry Deposit Confirmed At Medinah's Alto De Lipangue Project, Chile.
Cerro Dorado, Inc. Geological Update - "Lobo Solitario".
Howe Chile Ltda. A.C.A. Howe International Completes Review of Lobo Solitario Gold Properties, Chile.
Gordon House, P.Geo. Joins Board of Directors.
Diamond Drilling Commences At Alto De Lipangue, Chile.
Medinah Acquires Adjacent Claims To Alto de Lipangue, Chile.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles