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I agree, but I think it get hammered for next 2-3 weeks.
But with fan and fred takeover and all the dollars they are going to have to print to take care of that,,, they are going to punish anyone thinking of rotating into gold. Just like the punished anyone thinking of shorting financials, or betting on energy sector.
Example - MDR $10 billion backlog - Zero debt last 60 days went from $60 to $30. XTO, SLB. XTO
This was to hammer oil to boost "strong" dollar. Now that they are gong to be increasing the money supply by trillions,,,well they will hammer anyone thinking that gold is a no brainer.
looks like MFN getting the ejido problem resolved without having to renegotiate the agreement
http://64.233.179.104/translate_c?hl=en&sl=es&u=http://www.vozenred.com/not_detalle.php%3Fid_n%3D17525&prev=/search%3Fq%3D%2522Minera%2BDolores%2522%2Bsite:www.vozenred.com/%26hl%3Den%26lr%3D%26rls%3DGGLG,GGLG:2006-17,GGLG:en%26sa%3DN%26as_qdr%3Dall&usg=ALkJrhiVt91vCz_oU_PRcdKWOIuctLJprQ
This company operates in a megatrend sector... invest accordingly.
Anyone out there?
Not sure if Minefinders is having a problem in Mexico-
i hear that the locals in mexico oppose the development of minefinders deposit. does anybody know about this? secondly can anybody tell me how to post stockcharts here?
thanks in advance
Everything seems to get that reaction these days-
A good time to buy methinks-
Don't know but the market reaction from the feasibility sucks.
Hey the guy that found that Dolores deposit-
I think it was Marc Henderson from AQI.V?
Minefinders Receives Positive Feasibility and Initial Optimization Studies for Dolores Gold and Silver Project in Mexico
http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGe...
Weird action at the close on Friday with some crosses after the close.
16:49:26 T 7.04 -0.16 100 7 TD Sec 7 TD Sec S
16:48:21 T 7.04 -0.16 56 7 TD Sec 7 TD Sec E
16:41:27 T 7.04 -0.16 4,800 72 Credit Suisse 72 Credit Suisse K
16:30:59 T 7.04 -0.16 51,000 85 Scotia 85 Scotia K
16:17:13 T 7.04 -0.16 51,000 85 Scotia 85 Scotia K
16:13:54 T 7.04 -0.16 73 85 Scotia 85 Scotia E
15:59:59 T 7.04 -0.16 100 9 BMO Nesbitt 72 Credit Suisse K
15:59:59 T 7.04 -0.16 400 9 BMO Nesbitt 72 Credit Suisse K
15:59:59 T 7.04 -0.16 200 9 BMO Nesbitt 85 Scotia K
15:59:59 T 7.05 -0.15 1,000 36 Latimer 85 Scotia K
>
No kidding. At least there was some positive movement in the stock today.
Minefinders welcomes shareholders to its annual general meeting, to be held on June 16, 2005 at 2:00 p.m. at the Vancouver Marriott Pinnacle Hotel, 1128 West Hastings Street, Vancouver.
Was hoping there would be a news release by now...
MFN is likely just waiting for another steel rate hike or two...
Getting really close.
The last news release said a few weeks. That was on May 13th and whats a few weeks? Three or four? You are probably right and they will likely release it just before the AGM. Looks like good timing now that it appears as though the tide is finally turning for the precious metals.
Amarksp, do you know which companies have signed confidentiality agreements with MFN ?
Should be just weeks away now from the BFS.
#msg-5022392
#msg-5026345
Well I think the HUI bloodbath is weighing on MFN a bit here. At least I hope its that. I sure would like to see the BFS surprise us in a good way.
some one needs to munch on MFN....
Size seen pinching world's biggest gold miners
Tue Mar 8, 2005 03:29 PM ET
By Nicole Mordant
TORONTO, March 8 (Reuters) - The world's biggest gold producers won't be able to sustain the millions of ounces mined every year, according to an industry consultant, because discoveries are not keeping pace with output and building new mines takes a long time.
Over the past 15 years, a spate of mergers and acquisitions has created a clutch of mega-sized gold miners, with the top five each pulling between 3.5 million and 7 million ounces out of the ground every year. Mined-out reserves need to be replaced through exploration if miners want to keep producing at these rates over the medium to long-term.
"The drive for increasing size in annual production has resulted in very large gold producers. But they are unlikely to survive at current extraction rates over the ... next five to 10 years, " Edmonton-based consultant Ralph Bullis told the Prospectors & Developers Association of Canada conference in Toronto.
"It is highly unlikely, at least in my opinion, that new discoveries of a world-class size can be made on an annual basis by each of the very large gold producers," Bullis said, defining "world class" as deposits of 5 million ounces of gold or more.
Bullis worked for Echo Bay Mines for more than a decade in several positions, including exploration director. Echo Bay was bought by Kinross Gold (K.TO: Quote, Profile, Research) in 2003. He was also a member of the Canadian Institute of Mining committee, which helped set up guidelines on how to estimate mineral resources and reserves.
Bullis said that while large producers have increased their output over the years, their reserve bases have not kept pace.
U.S.-based Newmont Mining Corp. (NEM.N: Quote, Profile, Research) , the world's No. 1 gold producer, lifted production from 1.7 million ounces in 1992 to about 7 million ounces last year, mostly through acquisitions. But over that same time, reserves fell from 17 years of unmined production to 11.
Output at No. 3 producer, Canada's Barrick Gold Corp. (ABX.TO: Quote, Profile, Research) , rose nearly four-fold over the same period but its reserve life has dipped from 15 to 13 years, Bullis said.
Neither Newmont nor Barrick was immediately available for comment.
According to the U.S. Geological Survey's database of global gold deposits, of the 792 finds listed of greater than 100,000 ounces, only 6 percent contained 5 million ounces of gold or more, Bullis said.
"Due to the nature and size distribution of gold deposits, along with their location and the difficulty of finding and delineating them, it does appear that this task (of replacing mined gold) is going to be extremely difficult," he said.
In the past three years, the world's largest miners have all increased their exploration budgets.
Even if a big discovery is made, Bullis said it can take anything between three and 10 years to permit a mine in Canada and the United States, prospective areas where the major miners are looking for gold.
Minefinders Reports Summary of Activities and First
Quarter 2005 Financial Results
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 13, 2005) - Minefinders
Corporation Ltd. (the "Company") (TSX:MFL)(AMEX:MFN) has released its
unaudited interim financial results for the three month period ending
March 31, 2005.
All dollar amounts in this news release are stated in US currency.
Summary of Activities
Dolores
The Company's bankable feasibility study on its 100% owned Dolores gold
and silver deposit, in Chihuahua, Mexico, continues to progress towards
completion. The study is expected to be completed in a few weeks and
will be reported as soon as available.
Exploration and condemnation drilling, as well as infrastructure
building, continues at Dolores in preparation for a positive mine
construction decision in 2005. This program is designed to test deep
mineralization and additional mineralized targets identified on the
27,000 hectare Dolores property.
Northern Sonora
The Company is conducting exploration programs on several of its
properties, including a 30 hole drill program underway on the Planchas
de Plata silver property in northern Sonora, Mexico. Ten holes have been
completed, but no assays have yet been received. Results will be
reported when available.
Separately, a six-hole drilling program was completed in April on the
Real Viejo silver prospect, located approximately 10 kilometers
northwest of the Planchas de Plata district. Results from this program
will be reported when available.
Financial Highlights
The Company recorded a net loss for the quarter ended March 31, 2005 of
$0.494 million ($0.01 per share), compared with $0.242 million ($0.01
per share) in 2004.
The Company maintained high cash balances and working capital throughout
the first quarter of 2005. At March 31, 2005, the Company had working
capital of $38.67 million, compared with $43.5 million at March 31, 2004
and $41.76 million at December 31, 2004. The most significant change in
working capital in the first quarter was the increase in deferred
mineral exploration expenditures from $1.468 million in the first
quarter of 2004 (including a charge of $0.110 million for stock option
compensation) to $2.388 million in 2005. In the first quarter of 2005,
the Company conducted exploration programs on the Dolores, Planchas de
Plata, Real Viejo projects, and in Nevada. The Company's cash and cash
equivalents are held primarily in Canadian dollars. In the first quarter
the US dollar value of those balances fell because of the appreciation
of the exchange value of the US dollar from US$0.8319 at December 31,
2004 to US$0.8267 at March 31, 2005. The Company had a resulting loss in
the first quarter of $0.302 million, reversing part of the substantial
currency exchange gain experienced in the second half of 2004.
Additional Information
This summary of financial highlights should be read in conjunction with
the Company's unaudited interim consolidated financial statements for
the three months ended March 31, 2005 and the Management Discussion and
Analysis for the same period. Both of these documents are available at
www.sedar.com, or from the Company.
MINEFINDERS CORPORATION LTD.
Mark H. Bailey, President and Chief Executive Officer
Safe Harbor Statement under the United States Private Securities
Litigation Act of 1995: Statements in this release that are
forward-looking, including statements relating to the size, and growth
in size, of the Company's mineral resources and the timing of the
further exploration and development of the Company's mineral projects,
are subject to various risks and uncertainties concerning the specific
factors identified above and in the company's periodic filings with the
Ontario Securities Commission and the U. S. Securities Exchange
Commission. Such information contained herein represents management's
best judgment as of the date hereof based on information currently
available. The Company does not intend to update this information and
disclaims any legal liability to the contrary.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Minefinders Corporation Ltd.
Mark H. Bailey
President and Chief Executive Officer
1-866-687-6263 or (604) 687-6263
(604) 687-6267 (FAX)
www.minefinders.com
Are you going to the AGM ?
thus, they will have time to create some spiffy charts for the AGM...
That would be two weeks later than the most recent forecast, which one would hope they wouldn't miss. Not that it would matter in this market (for gold stocks).
would expect MFN to have this completed by annual meeting:
Date Of Meeting: June 16, 2005
http://www.sedar.com/csfsprod/data54/filings/00756991/00000001/l%3A%5CMar_30%5CMindfinders%5Cnm_mine...
can i get that in writing...
Another month to go and hopefully they don't delay it again.
Another 60 days....
Minefinders loses $2.84-million (U.S.) in 2004
2005-03-30 10:25 ET - News Release
Mr. Mark Bailey reports
MINEFINDERS REPORTS ON 2004 FINANCIAL RESULTS AND OPERATIONS
Minefinders Corp. Ltd. has released its financial results and operations for the year ended Dec. 31, 2004. All dollar amounts in this news release are stated in U.S. dollars unless otherwise noted.
2004 financial highlights
The company's financial position at Dec. 31, 2004, remained very good, with $42.35-million in cash (2003 -- $45.68-million) and net working capital of $41.76-million (2003 -- $45-million). At present, the company has 36,476,841 shares outstanding (39,916,841 shares fully diluted).
The principal sources of funds in 2004 were the exercise of stock options for $1.25-million, interest of $1-million (2003 -- $400,000) on the high cash balances brought forward from 2003 and the recovery of value-added taxes of $900,000. In addition, the company had a gain of $3.03-million (2003 -- $2.56-million) arising from the increase in value of the Canadian dollar, in which the company holds almost all of its funds, against the U.S. dollar.
The company recorded a net loss for 2004 of $2.8-million (eight cents per share), compared with $3.9-million (12 cents per share) for 2003. The net loss reflects higher administration and stock option compensation costs in 2004; however, these increases were more than offset by a reduced write-off of mineral properties and exploration costs (2004 -- $339,000; 2003 -- $1,055,000) and by higher interest income earned on cash balances (2004 -- $1,003,000; 2003 -- $398,000).
After deducting non-cash stock option compensation costs of $1,376,000 in 2004 and $1,148,000 in 2003, administrative costs increased from $1,826,000 in 2003 to $2,025,000 in 2004 as the company expanded operations and positioned itself to move from exploration into development and production at the Dolores gold/silver project.
Net expenditures on mineral properties increased during 2004 to $6,221,000 from $5,713,000 in 2003 and $2,968,000 in 2002. These amounts exclude stock option compensation expense that was charged to "deferred exploration costs," and an adjustment for differences in currency exchange rates.
This summary of financial highlights should be read in conjunction with the company's 2004 audited financial statements and management's discussion and analysis thereof, which will be available for review on-line at www.sedar.com.
Reporting currency
Effective Jan. 1, 2004, the company changed its reporting currency from the Canadian dollar to the U.S. dollar. Numbers contained in this news release are presented as if this policy has been in place for all relevant periods, using U.S. dollars. The company's financial statements are prepared in accordance with Canadian generally accepted accounting principles.
Change in accounting policy
Effective Jan. 1, 2004, the company adopted new Canadian accounting standards for stock option expense and adjusted previously published numbers to include the effects of this change in the comparative numbers for previous years.
Summary of 2004 activities and development
The company continued to focus its activities in 2004 on its Dolores gold/silver project, located in Chihuahua, Mexico. Of total expenditures in 2004, 74 per cent was incurred on the Dolores project, 14 per cent on properties in northern Sonora and 12 per cent on properties in the United States. During the year, the company conducted an extensive infill drilling program at Dolores to elevate "inferred" resources to the "measured and indicated" category and directed a comprehensive feasibility study to bring the project to a production decision in 2005. A total of 137,070 metres of drilling have been completed at Dolores as at Dec. 31, 2004.
An audited mineral resource estimate for Dolores was completed in November, 2004 (see news as reported in Stockwatch on Dec. 6, 2004) by the independent consulting firm of Roscoe Postle Associates Inc. (RPA). Using a cut-off grade of 0.3 gram of gold per tonne gold-equivalent, the total measured and indicated resource was 101 million tonnes, containing 2,647,000 ounces of gold and 128,179,000 ounces of silver. Resource estimates were prepared in compliance with the requirements of Canadian National Instrument 43-101 (the RPA report is available at www.sedar.com). The Dolores feasibility study will determine what portion of this resource can be economically mined and support the company's financing of the development to production of the project. Other significant milestones in 2004 included receipt of the final metallurgical reports from SGS Lakefield Research Ltd. and McClelland Laboratories and the pit slope design study by Golder Associates.
The Dolores feasibility study has taken longer than anticipated as a result of workloads experienced by the independent engineering consultants working on it and the expansion of its scope to include a mill and flotation circuit as a possible addition to a heap leach configuration. This expansion necessitated extensive additional engineering and metallurgical testwork.
After evaluating various alternatives, the feasibility study is now being finalized on the basis of a large-scale (approximately 25,000-tonne-per-day) conventional open-pit heap leach operation and is expected to be completed within the next 60 days. Upon receipt of a positive recommendation from the feasibility study, and securing such debt, or debt and equity, financing as is necessary, the company expects to begin equipment and material procurement, project management, and construction later this year.
During 2004, the company also conducted drilling and fieldwork on its northern Sonora, Mexico, project at a cost of $1.25-million and on its Clear and Dottie projects in Nevada at a cost of $826,000. Initial results from the northern Sonora exploration show encouraging potential for significant silver and base metal deposits on the Planchas de Plata and Real Viejo prospects. Program results continue to be evaluated, with follow-up work and significant exploration expenditures planned for 2005.
Minefinders welcomes shareholders to its annual general meeting, to be held on June 16, 2005, at 2 p.m. at the Vancouver Marriott Pinnacle Hotel, 1128 West Hastings St., Vancouver, B.C.
The company will host a conference call tomorrow, March 31, 2005, at 9 a.m. PST to discuss its financial and operating results for 2004. Participants may access the conference call by dialling 1-800-769-8320 (North America), 1-800-422-8835 (international) or 416-695-9753 (Toronto area). When calling, please request access to the Minefinders Corp. Ltd. 2004 year-end results conference call with reservation No. T558181M. A replay of the conference call will be available until April 9, 2005, by dialling 416-695-5797 or 1-877-244-9049, using pin No. 8181.
Mark H. Bailey, MSc, PGeo, a qualified person as defined by National Instrument 43-101, has overall responsibility for Minefinders' mineral exploration programs and supervised the preparation of the technical information in this news release.
March is almost over...
Minefinders to provide year-end results on March 29
2005-03-24 09:22 ET - News Release
Mr. Mark Bailey reports
MINEFINDERS TO RELEASE YEAR END FINANCIAL RESULTS ON MARCH 29, 2005
Minefinders Corp. Ltd. will release its 2004 year financial and operating results after the close of trading on March 29, 2005. Mark Bailey, president and chief executive officer of the company, will host a conference call to discuss the results on Thursday, March 31, 2005, at 9 a.m. PT.
Participants may access the Minefinders' conference call by dialling 1-800-769-8320 (North America), 800-422-8835 (international) and 416-695-9753 in the Toronto area. When calling in please request access to the "Minefinders Corp. Ltd. 2004 year-end results conference call" with reservation No. T558181M.
A replay of the conference call will be available until April 7, 2005, by dialling 416-695-5797 or 1-877-244-9049, pin No. 8181.
I hope Glamis takes a shot at them.
We know they are shopping for reserves and Dolores would make a nice fit.
They said March, listen to BMO Presentation.
http://www.presentation-direct.com/presentations/200502/BMO_resources_02282005/Lobby.htm
So you finally found this board. Any inkling of when we might see the BFS ?
per BMO conference:
Capex likely $150M
Likely going 100% heap leach so no mill
Since no mill, recoveries reduced to 80% gold and 54% silver
Minefinders Discovers More Silver in Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2005) - Minefinders
Corporation Ltd. (the "Company") (TSX:MFL)(AMEX:MFN); Mark H. Bailey,
President and CEO, reports results from recent drilling at the Company's
100% owned Real Viejo and Planchas de Plata projects, located in
northern Sonora, Mexico. A total of 28 reverse-circulation drill holes,
totaling 3,010 meters (9,875 ft), were completed at the two projects.
The recent drilling expanded mineralization encountered at Real Viejo
during an earlier drill program (NR 6-9-04) and was the initial testing
of mineralization at several areas of historic mining at Planchas de
Plata.
Real Viejo
The 22 holes completed at Real Viejo targeted the 600 meter long zone of
mineralized stockworks, originally tested by the Company in the spring
of 2004. The early 2004 drilling consisted of five widely spaced core
holes that intersected multiple zones of silver mineralization.
Intercepts from this program were reported in the Company's news release
dated September 6, 2004 and included 27.5 meters averaging 158.7 grams
per ton("gpt") silver ("Ag") (4.6 ounces per ton silver over 90.2 feet),
including 634 gpt over 1.3 meters.
The follow-up reverse-circulation drill program was designed to offset
previous intercepts and test several additional sub-parallel zones. Of
the 22 holes completed, 20 holes intersected significant silver
mineralization, often with associated base metal (copper, lead, zinc)
mineralization. Of note is drill hole RV04-8, which was drilled
approximately 80 meters west of hole RV04-4C, one of the initial core
holes containing high grade silver mineralization. Drill hole RV04-8
contained five 1.5 meter intervals grading higher than 1000 gpt Ag
including the interval from 97.5 to 99 meters that assayed 2,640 gpt (77
ounces per ton silver over 5 feet). These intervals occurred within
several wider zones of mineralization including from the surface to 7.6
meters that averaged 370.3 gpt Ag over 7.6 meters (10.8 ounces per ton
silver over 25 feet) and from 25.9 to 117.4 meters that averaged 211.4
gpt Ag over 91.5 meters (6.17 ounces per ton silver over 300 feet). A
summary of drill intercepts from the 22 holes is shown in the
accompanying Table 1 and is available on Minefinders' website
(www.minefinders.com).
The drilling confirmed the continuity of the zone as well as identified
higher-grade portions. Drill hole RV04-7, drilled in the east central
portion of the zone, intersected a previously-unidentified, large,
concealed rhyolite plug that may be directly associated with
mineralization and be the reason for the higher-grade intercepts found
in holes RV04-8, RV04-5, RV04-1, and RV04-13/RV04-4C. Future geologic
mapping and cross sectional interpretation will focus on understanding
the controls to high-grade mineralization in order to guide further
drilling.
Planchas de Plata
At the Planchas de Plata project, a total of six holes were completed
within two areas of historic mining. The drilling twinned four historic
drill holes completed in the early 1970s (data released in news release
dated January 12, 2005) and tested for the presence of inferred feeder
structures. The drill results confirm the presence of high-grade silver
mineralization along northeast-trending feeder structures and indicate
that previously-identified lower-grade zones may have been a result of
downhole contamination related to the percussion drilling procedures
utilized in the 1970s program. All holes that intersected the inferred
feeder structures returned significant silver values including hole
PP05-4, which returned 21.4 meters averaging 167.8 gpt Ag from 19.8 to
41.2 meters (4.89 ounces per ton silver over 70 feet). This interval
included 975 gpt Ag over 1.5 meters (28.44 ounces per ton silver over 5
feet). A summary of drill intercepts from the six holes is shown in the
accompanying Table and is available on Minefinders' website
(www.minefinders.com).
Minefinders is currently contracting a drill rig to continue exploration
of the Planchas de Plata and Real Viejo projects. New drilling at
Planchas de Plata is expected to target three additional areas of
historic mining as well as test the extensions of major feeder
structures. Geologic mapping and sampling at Planchas de Plata is
continuing to identify and extend mineralized structures beyond areas of
historic mining and drilling. In addition, existing drilling has only
been completed to shallow depths, leaving significant untested potential
at depth. Drill data from Real Viejo is currently being compiled and
interpreted. Additional drilling is anticipated to extend the high-grade
mineralization and test structural intersections.
Minefinders' Northern Sonora Concessions encompass much of a major,
regional, northwest mineralized trend. This trend contains the Real
Viejo and Planchas de Plata silver properties as well as the Company's
La Bolsa gold-silver deposit. The Company has made a significant
exploration investment in these concessions with a view to realizing the
substantial capital and operating cost benefits that should be possible
from their joint development.
Drill samples, weighing between 5 kg and 15 kg each, were collected and
transported from the Real Viejo and Planchas de Plata sites for assay by
ALS-Chemex Labs of Vancouver, B.C. Standards are inserted into the
sample stream for quality control and a duplicate sample is maintained
at the project site for check assay and metallurgical testing.
Reverse-circulation drilling was conducted by Layne de Mexico based in
Hermosillo Sonora.
Mark H. Bailey, MSc., P.Geo., a Qualified Person as defined by National
Instrument 43-101, has overall responsibility for the Company's mineral
exploration programs and supervised the preparation of the technical
information in this news release.
MINEFINDERS CORPORATION LTD.
Mark H. Bailey
President and Chief Executive Officer
All resource estimates referred to in this disclosure are calculated in
accordance with the Canadian National Instrument 43-101 and the Canadian
Institute of Mining and Metallurgy Classification system. These
standards differ significantly from the requirements of the United
States Securities and Exchange Commission, and resource information
reported in this disclosure may not be comparable to similar information
reported by United States Companies. The terms "Resource(s)" does not
equate to "reserves" and normally may not be included in documents filed
with the Securities and Exchange Commission.
Safe Harbor Statement under the United States Private Securities
Litigation Act of 1995: Statements in this release that are
forward-looking, including statements relating to the size, and growth
in size, of Minefinders' mineral resources and the timing of the further
exploration and development of its exploration projects, are subject to
various risks and uncertainties concerning the specific factors
identified above and in the company's periodic filings with the Ontario
Securities Commission and the U. S. Securities Exchange Commission. Such
information contained herein represents management's best judgment as of
the date hereof based on information currently available. Minefinders
does not intend to update this information and disclaims any legal
liability to the contrary.
Table: 1 Real Viejo Drilling 2004 Results
From To Width
Drill me- me- me- Silver Pb Zn Cu
hole ters ters ters feet g/t oz/t ppm ppm ppm
RV04-1 0 13.7 13.7 45 49 1.43 2885 529 424
RV04-2 3.1 10.7 7.6 25 15.2 0.44 792 5637 68
RV04-3 18.3 22.9 4.6 15 12.7 0.37 810 2052 74
and 44.2 47.2 3 10 16.6 0.48 1494 657 124
and 57.9 59.4 1.5 5 88.3 2.58 3710 158 509
RV04-4 0 6.1 6.1 20 19.4 0.57 1775 750 151
RV04-5 0 29 29 95 50 1.46 2752 649 413
and 50.3 74.7 24.4 80 52 1.52 3048 2294 398
and 100.6 102.1 1.5 5 67.5 1.97 4330 698 2280
RV04-7 27.5 30.5 3 10 22 0.64 1098 449 191
and 47.2 57.9 10.7 35 25.4 0.74 2398 925 132
and 70.1 79.2 9.1 30 19.9 0.58 1813 978 57
and 82.3 86.9 4.6 15 18.9 0.55 6600 1183 38
RV04-8 0 7.6 7.6 25 370.3 10.80 1837 650 1343
including 1.5 3 1.5 5 1605 46.81 5100 595 5720
and 25.9 117.4 91.5 300 211.4 6.17 9495 745 1213
including 88.4 105.2 16.8 55 651.1 18.99 12791 828 3754
including 97.5 99 1.5 5 2640 77.00 68200 665 11000
RV04-8A 9.2 12.2 3 10 21.4 0.62 3895 789 260
RV04-10 3.1 4.6 1.5 5 46.8 1.36 1945 775 208
and 18.3 25.9 7.6 25 21.9 0.64 607 367 151
RV04-11 12.2 27.4 15.2 50 30.4 0.89 2323 837 414
and 38.1 39.6 1.5 5 331 9.65 312 525 1365
and 74.7 77.7 3 10 58.3 1.70 2390 1295 291
RV04-12 6.1 10.7 4.6 15 48.5 1.41 1195 547 451
and 19.8 24.4 4.6 15 25.8 0.75 1020 1226 220
and 39.6 51.8 12.2 40 49.4 1.44 2139 2510 254
and 82.3 83.8 1.5 5 58.6 1.71 1395 3310 575
RV04-13 19.8 30.5 10.7 35 150.1 4.38 8600 1574 1241 Twin of
RV04-4C
including 21.3 24.3 3 10 258.5 7.54 17830 1047 1908
and 73.2 93 19.8 65 70.3 2.05 2595 680 500
including 77.7 82.3 4.6 15 124.6 3.63 1502 705 816
RV04-14 19.8 32 12.2 40 14.9 0.43 937 1533 86
RV04-15 0 18.3 18.3 60 12.3 0.36 2143 2053 80
and 35.1 36.6 1.5 5 81.9 2.39 33700 7780 229
and 65.5 68.5 3 10 126.1 3.68 14860 2188 678
and 86.9 89.9 3 10 30.5 0.89 3375 2185 110
RV04-16 0 25.9 25.9 85 23.7 0.69 3490 760 122 Includes
3 m mine
working
including 13.7 15.2 1.5 5 95.3 2.78 6300 806 116
RV04-17 0 6.1 6.1 20 28.3 0.83 2185 1018 216
and 13.7 33.5 19.8 65 91.1 2.66 4094 1220 428 Includes
3 m mine
working
including 15.2 19.8 4.6 15 256.2 7.47 9730 802 428
and 71.6 77.7 6.1 20 37.8 1.10 2590 410 134
RV04-18 38.1 39.6 1.5 5 76.9 2.24 5960 1170 990
and 144.8 149.4 4.6 15 28.4 0.83 2112 1622 141
and 163.1 172.2 9.1 30 32.9 0.96 1923 803 204
RV04-19 99.1 105.2 6.1 20 19.7 0.57 987 1004 66
RV05-20 32 35 3 10 46.9 1.37 6230 9435 175
RV05-21 0 4.6 4.6 15 12.8 0.37 2017 603 85
Planchas de Plata Drilling 2005 Results
From To Width
Drill me- me- me- Silver Pb Zn Cu
hole ters ters ters feet g/t oz/t ppm ppm ppm
PP05-1 3.1 18.3 15.2 50 114.3 3.33 106 378 199
including 7.6 15.2 7.6 25 191.4 5.58 147 403 339
PP05-2 30.5 32 1.5 5 43.7 1.27 40 259 44
PP05-4 19.8 41.2 21.4 70 167.8 4.89 976 464 885
including 33.5 35 1.5 5 975 28.44 481 328 7040
PP05-5 12.2 15.2 3 10 47.2 1.38 951 347 174
and 38.1 45.7 7.6 25 249.3 7.27 1400 455 1553
including 39.6 42.6 3 10 540.5 15.76 2580 549 3645
PP05-6 0 1.5 1.5 5 69.6 2.03 282 221 122
Minefinders Corporation Ltd.: Luis Raul Escudero Chavez, 1938-2005
2005-01-28 10:43 ET - News Release
VANCOUVER, British Columbia -- (Business Wire) -- Jan. 28, 2005
Minefinders Corporation Ltd. (the "Company") (AMEX:MFN)
(TSX:MFL) announces with great sadness the passing of Luis Raul
Escudero Chavez. Mr. Escudero died of natural causes while at the
Company's Dolores mining camp on January 21, 2005. He was 66.
Mr. Escudero was a prominent member of the Mexican mining
community. From 1995 until 2004, he served as Director General of
Mining at the Secretary of Commerce and Industrial Development
(SECOFI), now Secretary of the Economy. Upon his retirement, he joined
the Company as Director General of Operations of its Mexican
subsidiary, Compania Minera Dolores, in February 2004 and quickly
became a valued and integral member of the Dolores development team.
Mark Bailey, President and CEO, spoke on behalf of the Company:
"We are greatly saddened by the loss of Luis and extend our deepest
condolences to his wife Raquel, his four children, and his nine
grand-children. Luis was a true gentleman; his good humour and
professionalism will be greatly missed."
In honour and recognition of Mr. Escudero, the Company will endow
a scholarship in his name for advanced studies in mining related
fields at a university in the State of Chihuahua.
On behalf of the Board of Directors and Employees of
MINEFINDERS CORPORATION LTD.
Mark H. Bailey, President and Chief Executive Officer
Contacts:
Minefinders Corporation Ltd.
Mark H. Bailey
President and Chief Executive Officer
(604) 687-6263 or Toll Free: 1-866-687-6263
Fax: (604) 687-6267
Website: www.minefinders.com
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Minefinders is a precious metals mining and exploration company. The company is in the final stages of building the multi-million ounce Dolores gold and silver mine in Mexico. The mine is expected to have a 15.5-year life as an open pit mine with additional potential as a high-grade underground mine in the future.
Mining operations at Dolores commenced during the fourth quarter of 2007, with full commercial production expected in 2008. Minefinders also has a pipeline of three additional advanced exploration projects in Mexico.
The Minefinders management team has the experience and expertise to continue to discover and develop a portfolio of exploration and production projects.
Minefinders has a tradition of corporate commitment to its shareholders, exemplified by strong fiscal management, minimal shareholder dilution, and responsible disclosure. In its mining operations, it is dedicated to safety, social responsibility, and environmental stewardship.
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