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Gold/Mining/Energy : Minefinders, MFL -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (346)	2/14/2002 9:59:55 AM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 578

Minefinders to commence drilling on El Malacate project Minefinders Corp Ltd MFL Shares issued 18,681,170 Feb 13 close $2.60 Thu 14 Feb 2002 News Release Mr. Mark Bailey reports DRILLING SET TO COMMENCE ON MINEFINDERS' EL MALACATE PROJECT ... Placer Dome has completed its due diligence as per the recently signed option agreement on Minefinders Corporation's 100-per-cent-owned El Malacate project located in Sonora, Mexico. All environmental notifications and permitting for the next several phases of planned exploration have been completed and first-phase drilling will commence in early March. The joint area of interest under the option agreement covers 35 square kilometres within the area of Minefinders' 400-square-kilometre northern Sonora mining concessions. El Malacate was discovered by Minefinders during a grassroots stream sediment and regional rock chip sampling campaign in 1999. Seven separate areas of alteration and gold mineralization have been mapped, sampled, an more fully delineated since the initial discovery (visit the company's Web site at www.minefinders.com for complete information on these prospects). The current exploration program includes additional detailed geologic mapping, geochemical sampling and first phase drilling to test portions of the Bordo Blanco, Ahumada South and the Ahumada North mineralized zones. Access road cleanup began on Feb. 1 and new drill roads and pads are presently being constructed at Ahumada North. Additional areas of altered and mineralized outcrop exposed in the new drill roads and pad sites will be sampled and mapped prior to startup of drilling. Minera Minefinders SA de CV, a wholly owned Mexican subsidiary of Minefinders Corporation, has engaged the drilling company, Dateline Internacional SA de CV, for an initial 2,000-metre drill contract. The company is planning to drill approximately 12 to 15 test holes that will range from 80 to 200 metres in length during this first phase of drill testing.