Some interesting news, more to come apparentlyDear Medinah Minerals, Inc. Shareholders:
Medinah Minerals Inc. (“MDMN”) previously provided notice on February 4 that an offer was independently being made by AURYN Mining Chile SpA to private parties to purchase 350,000,000 shares of MDMN common stock. We are informed that AURYN’s offer has been rejected by owners of the share certificates.
AURYN Mining Chile SpA ownership indicates that the rejection of their offer will have no impact on the aggressive and continuing exploration and drilling of the Altos de Lipangue plateau properties. AURYN states that it is expanding its multidisciplinary approach that includes adding newly approved Chilean Conservador of Mines drilling platform sites. Additionally, AURYN is actively incorporating to their business model, multiple new prospecting development goals. This is being accomplished through geological, geochemistry and geophysical mapping that will identify further targets. These target sites include the Gordon Breccia, the NUOCO/Las dos Marias skarn, the LDM gold structure adit, as well as high-grade gold zones at Cerro Dorado’s Fortuna de Lampa mine site.
AURYN owners state that they are committed to the continuation of the program, under the terms of the option agreements with Medinah Mining Chile. The option agreements are specific to the Altos de Lipangue concessions, with NUOCO owners as to the Las dos Marias/Mambo/Colombo concessions, and with Cerro Dorado relative to the Fortuna mine concessions. AURYN states that all of the options will be fully funded to completion.
Current year, 2015 property taxes amounting to USD $40,000 for the three option concessions comprising 7,803 Hectares, were paid on March 31 by AURYN Mining Chile SpA.
Gregory A. Chapin