Amarant Mining Ltd. acquires 85% interest in Altos de Lipangue project from Medinah Minerals S.A.

July 20, 2012 - PRLog -- Amarant Mining Limited (“Amarant”) has acquired an 85% interest in the Altos de Lipangue (“Lipangue”) project from Medinah Minerals S.A..

Lipangue is located at the plateau of the Durazno River, 30 kilometers north of Santiago, Chile.

The area has been subject to historical mining since the time of the Incas and Spanish explorers and has exploration potential for rich placer gold.

The estimated resources in place are: gold (722,000 ounces); silver (6,500,000 ounces); and copper (180,000,000 pounds). In addition, the property contains iron ore and molybdenum.

Amarant will begin the geological work on Lipangue during September and October 2012.

Amarant will initially invest 5 million USD for the geological work undertaken during the first 12 months.

About Amarant Mining Limited:

Amarant is a diversified base metals development and mining company with current operations in US, Canada and Chile, producing Gold and Platinum. Amarant has developed a strategy to take assets public as they complete development stage and prepare for production and has applied its strategic development process to the creation of Project Nugget.

Amarant is the largest share holder of Project Nugget.

Nugget will utilize Amarants mining capabilities, resources and further develop the Alluvial Mining assets with a game changing and environmentally-friendly placer technology with production costs far lower than existing technologies.

With the new technology, recovery increases to 90+% from 20% – 40% using less water and no toxic chemicals.

Nugget holds the exclusive rights to the patented placer mining technology, the AuVert Recovery System.

More information about Amarant Mining Limited can be found at:

http://www.amarantmining.com/news.html

Medinah Minerals N.A. MDMN stocks soared upwards over 71% percent on Thursday July 19, 2012 when the news was announced (opening .085) and closing at .145 in very heavy volume. The announcement came late in the trading day from many sources. Total shares traded was over 15,000,000 Million. Prior to the announcement total shares traded for the day was just over 400,000.

Medinah Minerals N.A., MDMN, new revised website can be located at this address:

http://www.medinah-minerals.com/index.html

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I review new mining projects and announcements as they appear over various news sources. An Unofficial public forum, background and other project(s) information and news for MDMN Medinah Minerals N.A. Inc. can be found at Theminingplay.com

I also review free services to locate owners of prank phone calls, mysterious callers, and remove private cell phone account information off the internet using free reverse phone number lookup at http://TelephoneNumberLookup.org

David Wrights

Senior Editor, International Gold Mining Projects – Reviews

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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 and reserves, exploration results, and future plans and objectives of Amarant Mining Limited, and Medinah Minerals, 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 anticipated 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.