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New High Grade Vein Discovery.

Europe Intelligence Wire

| December 01, 2008 | COPYRIGHT 2008 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Hugin)

1 December 2008 MEDUSA MINING LIMITED (AIM: MML) MAJOR NEW HIGH GRADE VEIN DISCOVERY Medusa Mining Limited ("Medusa" or the "Company"), the Australian based company operating and developing gold mines in the Philippines through its Philippines operating company Philsaga Mining Corporation ("Philsaga"), announces that it has discovered a new high grade vein at the Co-O Gold Mine, named the Great Hamish Vein ("GHV"). The GHV is currently interpreted to be between 600 to 650 metres long and open along strike and at depth. Development on two levels has commenced. The GHV drill hole intersections to date are: +---------------------------------------+ | ...

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