Medallion hasn't been very active lately. Last major effort south of the border appears to be trying to help finance the Guigui exploration project in the Santa Eulalia District in 1999 along with Advanced Projects, but effort failed.
Medallion
Resources Ltd. MDL (VSE)
Operates in Mexico through 100% owned subsidiary Minera Hera-Mex S.A. de C.V.
Changed name from Hera Resources on 10Feb98. About 18% of the company's shares are owned by International Taurus Resources Inc. Exploration joint ventures in place with Canxex Minerals Corporation to explore in Baja California Norte and Cyprus-Amax to explore in Sonora and Zacatecas. Medallion acquired option to earn a 70% interest from Cuicuilco in Zacatecas project in May, 1997. Two Sonora concessions: Zacatonal (17,900 Ha) and Aguila O Sol (90,000 Ha)
CMH 1998-1999
VSE Report on Mexico April, 1998Zoquite Ag Project, Zacatecas District, Zacatecas. A 70/30 JV between Medallion and Cyprus-Amax exploring the 7 km eastern extension of the Cantera Vein on the Medallion Property in the Zacatecas District. A 1500m drill program started on time on Jan 8, 1999. Shallow drilling has already intercepted the vein at depth with intercepts of 5.5 m of 84 grams Ag and half-gram Au. Confirmation of exploration model. Typical Zacatecas District ore grades were around 300 grams Ag. Five holes totaling 3,448 feet were completed by Jan 28, 1999. Medallion's goal in this initial drilling is to gather evidence indicating the high level vein exposures seen at the surface are exhibiting the physical and chemical changes required to form ore deposits similar to those mined historically at Zacatecas. Results to date support this model, as this work has shown a strong hydrothermal system hosting a Ag-bearing, sulfide-rich quartz vein up to 60m thick in the areas drilled. The Company is pleased to announce that step out drilling has commenced on the Zoquite silver project near Zacatecas, Mexico. This program consists of as much as 3,000 meters of drilling, including about 1,000 meters of core through the vein zone. The Company's initial drill program in January, 1999 consisted of five holes totaling 1,045 meters, which successfully demonstrated the presence of a very strong vein system with highly anomalous silver content over considerable widths. The current program is designed to provide a definitive test for the presence of high-grade "bonanza" ore shoots deeper in the vein system. Results will be reported once received and verified by the Company.
Press Release 20Apr99
MBD March, 1999
GCN #29 11Feb99 (w/tabulated drill highlights)
CSW 29Jan99 (w/tabulated drill highlights)
GCN #21 1Feb99 (w/tabulated drill highlights)
Press Release 28Jan99
GCN #11 18Jan99
GCN #6 11Jan99 (with figures)
Press Release 8Dec98
MBD December, 1998Zacatonal Concession, northern Sonora. A venture with Minera Cuicuilco S.A. de C.V. Joint (CyprusAmax) to explore the Milpillas Property in Cananea District of Sonora. The property covers 179 sq km 20 NW of Cananea. and was known as the Cuicuilco concession. NOTE: this exploration agreement specifically excludes development of the buried Milpilas Cu-oxide deposit. IP study of 3100 ha on this property initiated in 1Q97. Zacatonal Exploration was temporarily put on hold beginning 19Feb97 while an access problem with a local rancher was resolved on 2,700 ha (15% ) of the area. Arrangements to resume exploration made in late March, 1997 Prior mentioned IP survey defined a 300 by 1400m anomaly, interpreted as a breccia system. This was tested with a 4 hole, 610 m recon drill program completed in late October. Preliminary assays show hydrothermally altered and pyritized volcanic rocks with only sub-economic Cu values, Au and Ag results pendiing. Used Lloyd Geophysics Inc. of Vancouver. Bruce Spencer geologist. Company currently re-evaluating strategy on this project.
Press Release 26Mar97
Press Release 19Feb97
Press Release 10Jan97
GCN #231 2Dec97
GCN #205 24Oct97
GCN #149 5Aug97
GCN #61 27Mar97
CSW 21Feb97
Newsmine 19Feb97Aguila O Sol concession, northern Sonora. A 900 sq km concession along the US/Mexico border between Naco and Nogales (90,000 hectares! Ijole! What a taxes?) This claim was added to the Cuicuilco/Hera bundle late in 1996. Exploration committments by Hera on both northern Sonora concessions for 1997 total $30,000.
GCN #9 14Jan97
CSW 10Jan97Also exploring San Miguel, San Pedro Au claims N. Baja through JV w/Copperstone and/or CanMex. San Miguel is located 15 km E of Rosarito and encompasses 50,000 ha. San Pedro Property is 35 km SE of the San Miguel and also covers 50,000 ha. Both areas hosts auriferous quartz veins with minor past production. Signed an exploration JV agreement with Canmex Resources to develop new properties in Baja on a 50/50 basis (excluding San Miguel and San Pedro claims). Hera(Medallion) was operator of exploration JV.
WWW info 28Oct96
CSW 2Aug96
GCN #149 1Aug96
NewsMine 30Jul96
LAMR, v3, #5 May 96
NMN v82 #8 04/22/96
