Medinah Minerals Inc. Engages CHF Investor Relations
09.06.2015 | Accesswire
Medinah Minerals, Inc. (OTCPINK: MDMN) today announced that it has engaged CHF Investor Relations, a highly regarded International Investor Relations Firm headquartered in Toronto, as its IR partner.Vittal Karra, CEO and Board Chairman of Medinah said, "Our Board of Directors and Management team is pleased to have entered into this arrangement at a pivotal stage for the company. With our land package now fully consolidated, a signed Joint Venture Option partnership, and project funding in place, we look forward to the benefits of CHF's tailored communications approach keeping shareholders better informed. This is the first time that the company has hired a professional capital markets firm and we felt that no others matched their decades of international junior mining marketing experience."
About Medinah Minerals, Inc
Medinah is a Junior Mining Exploration Company with various property interests located in the Country of Chile. The Company's assets consist primarily in mining claims that have indications of potential mineralized zones containing gold, silver, copper, molybdenum (moly) and tourmaline. Medinah Mining Chile (MMC) only participates in mining claims that are fully registered with the Chilean Ministry of Mines through filings by MMC. Each of the mining claims is in good standing and recognized under Chilean Mining Laws. The total area of mining properties now covers approximately 22,000 gross hectares.
In August 2014, MMC entered into a minimum USD $100 million, 3-year Mining Option Contract with Auryn Mining Chile, SpA ("Auryn"), a private company, whereby Auryn could earn a 100% interest in Medinah's Altos de Lipangue land package. Pursuant to Auryn exercising the option contract, with payment, MMC would receive a 15% Equity Interest in the Auryn Company's capital structure.
In January 2015, Auryn Mining completed a separate Option Agreement with a private company, Compania NUOCO Mining Chile S.C.M., to purchase up to 85% of the private company. Medinah Mining Chile owns a 15% interest of the shares of that company whose properties comprise in excess of 2,400 hectares. This Auryn proposal was to consolidate and streamline the entire NUOCO property package adjacent to the Altos de Lipangue properties.
An exploration program, funded by Auryn, is presently underway to evaluate regional exploration potential and assess the economic significance of surface showings, old adits, and existing tailings and mine dumps in the area. MMC recently reported that it had signed an Amendment to the original Altos de Lipangue Option Agreement that allows Auryn Mining Chile, SpA to engage in a bulk sampling program to deliver mineralized material to processing facilities to determine exact metallurgic composition of the material for future production from the recently identified 1.5 kilometer high-grade gold zone(s).
About CHF Investor Relations
CHF's effective role is acting as the public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of listed companies operating in a broad range of industries including mining exploration and producers, oil and gas, industrial products and services, biotech, high-tech, business solutions and products. The depth of capital market experience at CHF is formidable dating back to the late 1970s.
For more information, please contact:
Medinah Minerals, Inc.
roberto@southamericanminingmedia.com
Phone: 702-727-8235
Please Visit Medinah's website at www.medinah-minerals.com