-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001277006-07-000028.txt : 20070426
<SEC-HEADER>0001277006-07-000028.hdr.sgml : 20070426
<ACCEPTANCE-DATETIME>20070426100306
ACCESSION NUMBER:		0001277006-07-000028
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070426
DATE AS OF CHANGE:		20070426

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MADISON MINERALS INC
		CENTRAL INDEX KEY:			0001038621
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-78984
		FILM NUMBER:		07789602

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 2000
		STREET 2:		1055 WEST HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 2E9
		BUSINESS PHONE:		604-331-8772

	MAIL ADDRESS:	
		STREET 1:		SUITE 2000
		STREET 2:		1055 WEST HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 2E9

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MADISON ENTERPRISES CORP
		DATE OF NAME CHANGE:	19970502

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPROTT ASSET MANAGEMENT INC
		CENTRAL INDEX KEY:			0001277006
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		200 BAY STREET
		STREET 2:		STE 2700 P O BOX 27
		CITY:			TORONTO ONTARIO
		STATE:			A6
		ZIP:			M5J 2J1
		BUSINESS PHONE:		4169436706
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>madison13gapr07.txt
<TEXT>
Madison Minerals Inc.
Common Shares
557808102
April 19, 2007


CUSIP 557808102
1. Sprott Asset Management Inc.
   Suite 2700, South Tower, Royal Bank Plaza, Toronto, Ontario  M5J 2J1
   Canada

2. n/a

3.

4. Ontario, Canada

5. 2,199,800

6. n/a

7. 2,199,800

8. n/a

9. n/a

10. n/a

11. n/a

12. IA


Item 1
(a) Madison Minerals Inc.
(b) 1055 West Hastings Street, Suite 2000
    Vancouver, BC
    V6E 2E9
    Canada

Item 2
(a) Sprott Asset Management Inc.
(b) Suite 2700, South Tower
    Royal Bank Plaza
    P.O. Box 27
    Toronto, Ontario  M5J 2J1
    Canada
(c) Canadian
(d) Common Shares
(e) 557808102

Item 3
n/a

Item 4
(a) n/a
(b) n/a
(c) (i) 2,199,800
    (ii) n/a
    (iii) 2,199,800
    (iv)  n/a

Item 5
n/a

Item 6
n/a

Item 7
n/a

Item 8
n/a

Item 9
n/a

Item 10
April 25, 2007
Eric Sprott
Chief Executive Officer
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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