Business
Shareholder Update
Shareholder Update.
About this update from Medinah Minerals, Inc.
[{"type":"text","content":"Shareholder Update – December 2009 As President/CEO of Medinah Minerals, Inc. I report the 2009 year has been very busy advancing the projects of the Company, acquiring new production opportunities, and examining numerous proposals for a Joint Venture on the Alto de LiPangue property. The completion of a meaningful and long term agreement has taken far more time than anyone would have anticipated, but Management wants to ensure that the right partners are chosen for the future of this project and that they share the same goals and principles. Numerous proposals for Joint Venture participation on Alto de LiPangue project were reviewed. Many trips to the property with mining professionals and principals involved extensive documentation passing to legal parties for consideration. The parties that Management has continued to negotiate have established a close relationship and meet the business goals criteria for a long term working partnership. I feel that a realistic decision is finally close. Medinah acquired a 15% interest in the Polo claims, located south of Santiago, Chile. The preliminary indications are that this will be a very worthwhile project. Professional mining crews are at site and preparing status reports for our shareholders. Significant progress is underway at the company’s 5% holding at the Pumillahue placer operation. The first shaft has been completed and the second of a total of six planned shafts is now within 9 meters of completion. The production plant is operational and testing of the various materials continues with the goal of full production as more material becomes available. Equipment is being transported weekly to the Las dos Marias property near the Alto de LiPangue to ready the sinking of a shaft. Road improvements are also being done to reduce travel distance from 30 to 17 kilometers for transport of captured materials. On behalf of Medinah Minerals, Inc.’s Management and Board of Directors, I take this opportunity to extend the best of the Holiday Season to everyone and look forward to meeting all shareholders in the New Year. Sincerely,Juan José Quijano FernándezPresident/CEO, Medinah Minerals, Inc. ","length":7050,"tagName":"div"}]