I hold several thousand dollars worth of this stock. This exploratiion company has property that is immediately adjacent to the Newmont Mining Phoenix-Fortitude property and has had assay results that were slightly better that the assay results of the Newmont property that is currently being mined by Newmont. These mining properties are in Lander County, Nevada.

Madison also has a property in Papua, New Guinea that has had very good assay results. Madison is continuing to explore and increase their reserves in New Guinea which is now well over 1,000,000 ounces of gold.

Madison has total assets of about $48,000,000 and no debt.  There are about 22,000,000 shares outstanding.

I haven't found out the reason why but Madison went up .09 to .508 for a 21.8% increase.

Madison Minerals Inc.: Additional Drill Results From Mt. Kare

VANCOUVER, BRITISH COLUMBIA, Oct 26, 2006 (CCNMatthews via COMTEX) -- Madison Minerals Inc. (TSX VENTURE:MMR)(OTCBB:MMRSF) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") of additional drilling results from Buffalo's 2006 exploration program on Madison's Mt. Kare Property in Papua New Guinea. In a release issued today, Buffalo reported:
"assay results for drilling at the Western Roscoelite Zone has highlighted additional high-grade intercepts, including:

- 59.1 metres of 10.1 g/t gold in hole MK06-11

- Including 29.0 metres of 17.1 g/t gold

- 16.4 metres of 9.4 g/t gold in hole MK06-66

- Including 9.2 metres of 14.8 g/t gold

Hole MK06-66 is the most north-easterly hole reported by Buffalo to date, being situated in the North-Western Roscoelite Zone along trend to the Red Hill anomaly. Buffalo is very encouraged to see significant mineralization continuing along this trend, and has additional exploration holes planned to the northeast and at Red Hill.

Hole MK06-11 is located in the southeast portion of the South-Western Roscoelite Zone and represents the longest and highest grade intersection drilled by Buffalo in that area.

A summary of new drill intersections can be found below in Table 1., and a map of drill hole locations is posted on Buffalo's website, http://www.buffalogold.ca.

WRZ Infill Program completed, Additional Drilling to Continue

Buffalo has now completed its previously announced infill diamond drill program that targeted the Western Roscoelite zone (WRZ). The remaining assays from this program are expected to be received by the end of the year, and all results will be used in the Pre-feasibility Study that is due for completion in July 2007.

Following the success of the infill program at the WRZ, Buffalo is now moving to drill test additional objectives both in the vicinity of known mineralization and new exploration target areas. This phase of the drill program will occur between now and March 2007.

The 2006/2007 drill program will continue to drill closely spaced holes in areas of known mineralization to increase the level of confidence in the data and test extents of mineralization. The data will be used in a new resource calculation, and will include results from the drilling at the WRZ, Black Zone, Central Zone and C9 Zone of the Mt. Kare property.

Magnetic Anomalies Provide Drill Targets outside of Mt. Kare Resource Area

The mineralization at the Mt. Kare property and Barrick's adjacent Porgera mine property is associated with a number of magnetic anomalies related to intrusions controlled by major structures. Numerous features outside of the main Mt. Kare resource area can be recognized in the aeromagnetic data covering the Mt. Kare exploration license and have been identified as high priority exploration targets:

North Anomaly - lies completely outside of the known resource, directly north of the North Western Roscoelite Zone where recent drilling returned assay results of 30.0 metres at 19.2 g/t gold in hole MK06-58, and other outstanding results (see prior Buffalo News Releases).

Red Hill - situated north-east of the North Western Roscoelite Zone of the Mt. Kare deposit along the Porgera Transfer Structure, with an outcropping intrusive and associated brecciation, alteration and current artisanal gold workings.

Lubu Creek - lies approximately 7 kilometres from the Mt. Kare deposit and features a magnetic anomaly coincident with known alluvial gold. Previous sampling located mineralised float samples with values up to 500 g/t gold. Currently, Buffalo is undertaking a stream sediment sampling program at the Lubu Creek area to define anomalies and drill targets. This represents Buffalo's first surface exploration program outside of the previously identified ore zone areas.

Pinuni Creek - sits along the Porgera Transfer Structure, covered by gold bearing colluvium with historic artisanal gold workings, and has several associated magnetic anomalies.

Trenching delineates gold zone - drill testing to follow

Buffalo's exploration team has further delineated the gold zone in the vicinity of the Mt. Kare base camp. "Luke's Zone" has been tested by trenching and returned very encouraging results, including:

- 39 metres at 2.4 g/t Au

- Including 17 metres at 3.26 g/t Au

- 12 metres at 2.8 g/t Au (incomplete)

Buffalo plans to drill test this area as part of the exploration drill program.

In addition to the many magnetic and surface anomalies on the Mt. Kare property, Buffalo is planning to drill test its new 100%-owned license area (EL 1427) which is adjacent to the Mt. Kare property.

"We are very keen to test the many anomalies outside of the main resource zone at the Mt. Kare site, as well as our adjoining 100% owned property," commented Buffalo CEO Damien Reynolds. "We believe that these areas have potential for significant additional mineralization which could help us expand the resources at the Mt. Kare project."




--------------------------------------------------------------
Table 1. Summary of Mt. Kare Drill Hole Intersections Received
         from September 21, 2006 to October 23, 2006
--------------------------------------------------------------
Drill Hole   From        To Intercept       Gold        Silver
No.(i)         (m)       (m)       (m)      (g/t)         (g/t)
--------------------------------------------------------------
MK06-10      28.0      32.0       4.0        2.9       PENDING
--------------------------------------------------------------
MK06-11      55.0     114.1      59.1       10.1       PENDING
--------------------------------------------------------------
Including   55.0      84.0      29.0       17.1       PENDING
--------------------------------------------------------------
MK06-26             No significant intersections       PENDING
--------------------------------------------------------------
MK06-44     173.0     196.0      23.0       2.39       PENDING
--------------------------------------------------------------
MK06-48       0.0      54.8      54.8       1.27       PENDING
--------------------------------------------------------------
MK06-64             No significant intersections       PENDING
--------------------------------------------------------------
MK06-65       3.7      18.5      14.8       3.74       PENDING
--------------------------------------------------------------
MK06-66     83.75    100.15      16.4        9.4       PENDING
--------------------------------------------------------------
Including   91.0    100.15      9.15       14.8       PENDING
--------------------------------------------------------------
MK06-67       163       200      37.0       0.71       PENDING
--------------------------------------------------------------
Including  179.0     186.0       7.0       1.35       PENDING
--------------------------------------------------------------
(i)Holes are not drilled in numerical or sequential order.



True widths from the drill intersections have not yet been estimated. All samples were analysed for gold by PT Intertek Utama Services in Jakarta, part of an internationally recognized lab testing group with ISO 17025 accreditation at the Jakarta facility. Samples were analysed using a 50g fire assay with AA finish for gold and an aqua regia digestion, ICP-OES finish for silver.

Madison Minerals Inc.: Two Additional Drill Rigs Sent to Mt. Kare

VANCOUVER, BRITISH COLUMBIA, Nov 27, 2006 (MARKET WIRE via COMTEX) -- Madison Minerals Inc. (TSX VENTURE: MMR)(OTCBB: MMRSF) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") of the addition of two exploration drill rigs to accelerate Buffalo's 2006 exploration program on Madison's Mt. Kare Property in Papua New Guinea. In a release issued today, Buffalo reported:

"the addition of two exploration drill rigs to its Mt. Kare drilling program to expedite the completion of an additional 12,000 metres of diamond drilling. To date, Buffalo has completed 56 diamond drill holes for a total of approximately 7600 metres at Mt. Kare.

In its August 16th, 2006 news release Buffalo announced that it would be adding a third diamond drilling rig to the Mt. Kare property in Papua New Guinea (PNG). Buffalo has engaged National Drilling of Papua New Guinea, who have provided the third drill rig which is now on site and operating. In addition, Buffalo is in the process of expanding its exploration camp at the Mt. Kare project to be able to accommodate additional drill crews. The expansion is expected to be completed by the New Year, and as such Buffalo has contracted a fourth rig from UPD Drilling of PNG to be available in January to assist in the exploration program.

New drilling to include up to 60 holes by May 2007

Following the success of the infill program at the Western Roscoelite Zone (WRZ) Buffalo is now moving to drill test additional objectives both in the vicinity of known mineralization and in new exploration target areas, as described in the Buffalo news release of October 26th, 2006.

This phase of the drill program will occur between now and May 2007. The current plan estimates 60 drill holes or approximately 12,000 meters. The results of this phase will then be used to design the next phase of drilling.

Buffalo plans to drill approximately thirty closely spaced holes in zones of known mineralization. This work will increase confidence in the current data, test the extents of mineralization and provide additional data for the Pre-feasibility study scheduled for completion by July 2007. Zones to be drilled include the WRZ, Black Zone, Central Zone and C9 Zone of the Mt. Kare property.

In addition, Buffalo has another thirty holes planned to test the many magnetic, IP and geochemical anomalies that have been identified. These targets include the North Anomaly, Red Hill, Lubu Creek, Pinuni Creek and Luke's Zone on the Mt. Kare property, as well as new targets on the adjacent 100% owned license area (EL 1427).

"We are very pleased to have additional drills to test the many targets on the Mt. Kare property and our adjoining license," commented Buffalo CEO Damien Reynolds. "We believe that both properties have significant potential for additional resources and we are eager to broaden our exploration efforts."

MMRSF stock jumped .13 in the 1st ten minutes aftere the following drill results were announced this morning.

Table 1.  Summary of Mt. Kare Drill Hole Intersections Received
from October 23, 2006 to January 11th 2007

------------------------------------------------------------------
                   From         To   Intercept      Gold    Silver
Drill Hole No.       (m)        (m)        (m)      (g/t)     (g/t)
------------------------------------------------------------------
MK06-69           138.0      141.0        3.0       1.35     40.00
                  155.9      157.0        1.2       3.78    100.00
------------------------------------------------------------------
MK06-70           122.0      126.3        4.3       2.46      6.78
------------------------------------------------------------------
MK06-71            56.0       60.0        4.0       2.66    150.73
                  113.0      117.0        4.0       1.68      5.58
------------------------------------------------------------------
MK06-72           195.0      216.4       21.4       2.30      9.75
------------------------------------------------------------------
MK06-73           173.0      189.0       16.0       1.08      6.33
------------------------------------------------------------------
MK06-74            31.5       46.2       14.7       2.08      6.24
------------------------------------------------------------------
MK06-75            16.2       26.1        9.9       2.42      9.50
                   98.2      199.0      100.9       1.56     15.50
Including         98.2      124.0       25.9       2.25     17.87
And              139.0      154.1       15.1       2.03     31.98
------------------------------------------------------------------
MK06-76          No significant intersections
------------------------------------------------------------------
MK06-77            52.0       61.0        9.0       2.57     12.34
                  113.0      119.6        6.6       4.56     31.39
------------------------------------------------------------------
MK06-78           174.0      192.0       18.0       1.31      4.33
Including        174.0      179.0        5.0       2.21      5.26
And              185.0      192.0        7.0       1.48     13.19
------------------------------------------------------------------
MK06-79           174.0      229.1       54.1       1.27      9.43
Including        214.0      229.1       15.1       2.23     22.37
------------------------------------------------------------------
MK06-80             0.0       48.0       48.0       1.64      6.52
Including          0.0       28.6       28.6       1.96      5.73
And Including     40.0       48.0        8.0       1.94     11.64
------------------------------------------------------------------
MK06-81             4.0       89.8       85.8       1.41     12.09
Including           4.0       17.0       13.0       2.45     10.90
And Including     36.0       40.0        4.0       4.91     56.86
And Including     57.0       59.0        2.0       4.10      2.55
And Including     74.0       89.8       15.8       2.48      7.88
------------------------------------------------------------------
MK06-82          Borehole Abandoned - no results
------------------------------------------------------------------
MK06-83            54.3       71.4       17.1       0.74   PENDING
------------------------------------------------------------------
MK06-84            29.0       58.0       29.0       1.96   PENDING
                   93.0      205.0      112.0       5.04   PENDING
Including        107.0      125.0       18.0       4.51   PENDING
                  141.0      166.0       25.0      13.86   PENDING
Including        235.0      236.4        1.4      28.30   PENDING
                 246.75      254.0       7.25       9.62   PENDING
------------------------------------------------------------------
MK06-85          No significant intersections              PENDING
------------------------------------------------------------------
Holes are not drilled in numerical or sequential order.

The last time that I looked Madison was up .33 (49%) at $1.01.

Great, wish I had it

Hard to go wrong with a mining compnay like i've said before... even one on the OTCBB

More drilling results have been posted after the market closed.

http://www.pinksheets.com/quote/news.jsp?symbol=MMRSF

popeye, maybe it's just me, but I thought you normally hate stocks that are on the OTCBB?

Nathanvenus, it is the pink sheet genre that I do not like.  There are way too many thieves calling themselves CEO's on that exchange.  

VANCOUVER, BRITISH COLUMBIA, Mar 13, 2007 (MARKET WIRE via COMTEX) -- Madison Minerals Inc. (TSX VENTURE: MMR)(OTCBB: MMRSF) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") of its 2007 exploration program and expenditures on Madison's Mt. Kare Property in Papua New Guinea. In a release issued today, Buffalo reported:

"In 2006 Buffalo completed an infill drilling program including 64 diamond drill holes for a total of approximately 9,000 meters. The resulting data has been used to update the geological model and resource estimate, as part of the Type 2 Economic Pre-feasibility study required for Buffalo's earn-in to a 49% interest of the Mt. Kare property. The modelling and estimate were completed by Longview Technical and are being validated by Snowden Mining Consultants as the Qualified Persons and author of the previous NI 43-101 report released in March 2006.

Buffalo Gold has initiated its 2007 exploration program estimated at $11.4M. This will include up to 12,000 meters of drilling in 60 holes, detailed geophysics, surface sampling and an assortment of other studies.

A detailed aeromagnetic survey has been completed over the Mt. Kare property. The initial survey interpretations are very encouraging, identifying prominent structures, alteration and possible clusters of intrusions (which are the drivers of mineralisation at the Mt Kare & Porgera deposits).

Several new drill targets have been identified by combining the aeromagnetic data with detailed geology and structural interpretations provided by Stuart Munroe of SRK Consulting. These targets include an interpreted blind extension of the Western Roscoelite Zone to the north of recent drilling and potential down-plunge continuation of the Black Zone towards the C9 Zone. In addition, while drilling to date at the Western Roscoelite Zone has been limited to depths of approximately 200m, geological interpretations indicate the possibility of a separate, high grade phase of quartz roscoelite mineralization at depth.

There are currently three drill rigs operating on site, with a 4th standing by to be used as required once additional drill sites have been constructed. Due to backlog and an extended Christmas break at the analytical facilities, very few drill results have been returned to date this year. Results from the first two drill holes at Red Hill have been received, but drilling did not intersect any significant mineralization. Due to the large size of the target at Red Hill Buffalo plans to review the area in more detail utilizing the new geophysical data prior to continuing to drill the target."

The latesst news today

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Press Release Source: Madison Minerals Inc.


Madison Minerals Inc.: Buffalo Announces $11.4 Million 2007 Exploration Program at Mt. Kare
Tuesday March 13, 9:00 am ET


http://biz.yahoo.com/iw/070313/0226004.html

The 1st seven trades this morning. How can a stock drop over 53% in one trade and go up over 106% in another. This looks to me like broker manipulation on a daily basis.

MADISON MINERALS INC - Nasdaq OTC BB: MMRSF

Time & Sales most recent next page
Rec. Time Action Price Volume
10:08:54 AM Bid 0.42 5000
9:43:04 AM Trade 0.5611 1500
9:34:12 AM Ask 0.7 2500
9:31:42 AM Ask 0.89 10000
9:31:42 AM Bid 0.43 5000
8:56:50 AM Bid 0.42 5000
8:56:46 AM Ask 0.9 2500