Minefinders Corp Ltd · 6-K · For 11/13/03

Filed On 11/19/03 7:22pm ET   ·   SEC File 1-31586   ·   Accession Number 1220967-3-72

Report of a Foreign Private Issuer   ·   Form 6-K
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6-K   ·   13 November 2003 Form 6k
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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

 Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of November , 2003                                                
----------------                              

Commission File Number     0-29382                                              
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Minefinders Corporation Ltd.
 -------------------------------
 (Translation of registrant's name into English)

Suite 2288, 1177 West Hastings Street, Vancouver, B.C. V6E 2K3, Canada
----------------------------------------------------------------------------
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports 
under cover Form 20-F or Form 40-F.                                             

Form 20-F      Form 40-F X          
              ----

Indicate by check mark if the  registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____                                

Indicate by check mark if the  registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _____                               

Indicate by check mark whether by furnishing the information contained in this  
Form, the registrant is also thereby furnishing the information to the          
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

     Yes     No    X
                   ---

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________                                    

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MINEFINDERS                                                                     
CORPORATION LTD.                               Suite 2288-1177 West Hastings St.
                                     Vancouver, B.C. V6E 2K3
                                 Tel. (604) 687-6263
Listed on the TSE symbol: MFL                  Fax (604) 687-6267               
Listed on AMEX symbol: MFN                     website: www.minefinders.com     
--------------------------------------------------------------------------------

 N E W S R E L E A S E

                                                                November 5, 2003

Northern Sonora Exploration Drilling and Dolores Feasibility Status Update

VANCOUVER, BRITISH COLUMBIA - Minefinders Corporation Ltd. (the "Company") (TSE:
MFL / AMEX: MFN), Mark H. Bailey, President and CEO, is pleased to report on    
encouraging drill results on the Company's Northern Sonora prospects and        
significant progress towards completing the final feasibility study, on its 100%
owned Dolores gold and silver property, located in northern Chihuahua State,    
Mexico.                                                                         

Northern Sonora Drilling Results                                                
Widespread exploration drilling on the Company's Northern Sonora properties has 
encountered new mineralization on the La Bolsa project, El Malacate project and 
La Dura prospect.                                                               

At La Bolsa, a total of 20 core holes have been drilled in this new program to  
define and extend trends of higher-grade mineralization within the deposit to   
provide for optimal mine planning and expand the previously reported resource   
(6.0 million tonnes averaging 1.0 g/t gold and 10.0 g/t silver, at a 0.4 g/t    
cutoff based upon 72 drill holes as reported in September 15, 1999 news         
release). Most of these holes have encountered significant high-grade           
mineralization, the best being LB03-32C with 42.7 meters (140 feet) averaging   
1.9 g/t (0.055 oz/t) gold including 4.8 meters (14 feet) grading 13.85 g/t      
(0.404 oz/t) gold. The drill holes completed in this program are generally of   
higher gold and silver grade than the overall resource and will have a positive 
impact on the next resource calculation. A new resource estimation model will be
assessed in relation to today's higher gold and silver prices and the viability 
of moving the La Bolsa deposit towards a production decision. Results from      
additional drill holes are pending.                                             

Wide spaced drilling on the El Malacate project provided additional testing of  
the El Ruidito, Ahumada South and Cerro Palomino prospects. Although anomalous  
mineralization was encountered on all these prospects additional drilling will  
be required to quantify grade and size potential of these prospects. Initial    
drilling on the El Ruidito prospect cut 35 feet averaging .018 oz/t gold and on 
the Cerro Palomino prospect drilling intercepted 125 feet averaging .01 oz/t    
gold. additional follow-up drilling is planned for both of these                

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prospects.  The best hole on the La Dura  silver  prospect  encountered  40 feet
averaging  1.2 oz/t  silver,  and the highest 5 foot  intercept  graded 3.1 oz/t
silver. Several additional holes are also planned for this prospect.            

Drilling is presently underway on the Alcaparossa copper prospect located       
approximately 35 kilometers south of La Bolsa and the Aqua Caliente gold-copper 
prospect located approximately 20 kilometers south of La Bolsa.                 

Tabled below are some of the more significant drill holes recently completed on 
the La Bolsa property.                                                          

                                                        [Enlarge/Download Table]

                                                                                              
Drill hole      From      To            Interval             Gold              Silver         
                Meters    meters    meters      feet    g/t        oz/t    g/t       oz/t     
--------------- --------- --------- ------------------- ------------------ -------------------
--------------- --------- --------- ------------------- ------------------ -------------------
LB03-16C        42.7      47.3      4.6       15.1      4.62      0.135    102.0     2.97     
LB03-18C        18.9      48.8      29.9      98.0      0.68      0.020    12.5      0.37     
including       23.5      31.8      8.4       27.4      1.27      0.037    31.7      0.92     
LB03-20C        23.2      50.3      27.1      89.0      1.89      0.055    34.8      1.02     
including       38.1      42.7      4.6       15.1      4.37      0.128    90.7      2.64     
LB03-22C        39.7      47.5      7.7       25.4      1.66      0.048    49.1      1.43     
LB03-23C        32.0      59.4      27.4      90.0      0.78      0.023    16.7      0.49     
including       36.6      42.7      6.1       20.0      2.05      0.060    30.3      0.88     
LB03-24C        44.6      55.3      10.7      35.0      1.17      0.034    13.0      0.38     
including       44.6      46.1      1.5       5.0       5.22      0.152    20.0      0.58     
LB03-25C        17.7      30.5      12.8      42.0      1.75      0.051    35.8      1.05     
including       24.1      29.0      4.9       16.0      3.35      0.098    61.4      1.79     
LB03-26C        47.2      53.3      6.1       20.0      1.11      0.032    6.8       0.20     
and             67.1      77.7      10.7      35.0      1.96      0.057    24.4      0.71     
including       74.7      77.7      3.0       10.0      3.61      0.105    38.5      1.12     
LB03-28C        73.2      110.0     36.9      121.0     0.74      0.021    26.4      0.77     
including       74.7      87.5      12.8      42.0      1.27      0.037    53.2      1.55     
LB03-29C        21.3      66.7      45.4      148.9     0.95      0.028    13.2      0.38     
including       50.3      54.9      4.6       15.1      2.50      0.073    13.0      0.38     
LB03-31C        18.3      36.6      18.3      60.0      0.98      0.028    9.3       0.27     
including       22.9      24.4      1.5       5.0       5.10      0.149    20        0.58     
LB03-32C        18.3      61.0      42.7      140.0     1.90      0.055    20.3      0.59     
including       55.2      59.4      4.3       14.0      13.85     0.404    12.9      0.37     
LB03-33C        39.7      45.8      6.1       20.1      3.41      0.100    60.3      1.76     
LB03-R72        18.3      27.4      9.1       30.0      1.55      0.045    41.0      1.20     
LB03-R73        0.0       33.5      33.5      110.0     1.23      0.036    13.1      0.38     
including       1.5       9.1       7.6       25.0      3.25      0.095    35.0      1.02     


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Dolores Feasibility Study Progress                                              

The comprehensive engineering work, currently underway for the Dolores gold and 
silver deposit, has made significant progress towards determining final         
processing methodology, optimal mine design, capital costs, operating costs,    
mine throughput rates and infrastructure upgrades required to build the Dolores 
mine. Details of these feasibility results will be reported upon completion of  
the mine plan, incorporating final processing methodology, pit optimization,    
production schedule, capital and operating costs.                               

Dolores mineralization has shown good response to traditional cyanide leaching -
heap leach, mill agitated leach, and pulp-agglomeration. A review of ongoing    
metallurgical test work prompted three scoping level flotation tests to ensure  
that the most profitable processing methods were being considered for Dolores.  
Encouraging results from these initial flotation tests resulted in the          
commissioning of a comprehensive flotation metallurgy test program, now underway
at SGS Lakefield Research. As on-going drilling continues to enhance the sulfide
resource at depth, flotation may provide a viable means for treating both       
non-sulfide and sulfide, high-grade mineralization. The final processing        
methodology for Dolores will be selected once the current flotation test work is
completed.                                                                      

Golder Associates Inc. has been retained to complete a feasibility-level pit    
slope stability study. Additionally, Golder will provide geotechnical services  
with respect to tailings dam and leach pad construction.                        

A new access route has been identified for the primary mine road to Dolores and 
ground surveying is now underway to permit this road. The new route is expected 
to be substantially less expensive than the previously proposed upgrade of the  
existing road from Madera.                                                      

An environmental consultant has been retained by the Company to complete        
preparation of all Environmental Impact Study documentation and filings.        

Exploration and development drilling continues on the property, with three      
diamond core rigs presently operating. Drilling continues to elevate inferred   
mineralization into the measured and indicated categories, as well as adding new
mineralization to the deposit. Deep drilling to expand the underground potential
is currently underway and will be reported when assays are available.           
Condemnation drilling is being permitted for plant, leach pad and tailings      
sites.                                                                          

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Mark H.  Bailey,  MSc.,  P.Geo.,  a  Qualified  Person as  defined  by  National
Instrument  43-101,  supervised the preparation of the technical  information in
this release.                                                                   

On Behalf of the Board of Directors                                             
MINEFINDERS CORPORATION LTD.                                                    

"Mark H. Bailey"                                                                

Mark H. Bailey                                                                  
President and Chief Executive Officer                                           

For further  information  please  visit our website at  www.minefinders.com,  or
contact the Company at Tel: 1 (866) 687-6263 or Fax: (604) 687-6267.            

--------------------------------------------------------------------------------

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 the Company's mineral   
resources and the timing of the further exploration and development of the      
Dolores Project, 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.                                                                       

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the        
registrant has duly caused this report to be signed on its behalf by the        
undersigned, thereunto duly authorized.                                         

                                                Minefinders Corporation Ltd.
                                (Registrant)

Date     November 13, 2003                    By: /S/ "Paul C. MacNeill"        
         ------------------                       ------------------------------
                                                  (Print) Name: Paul C. MacNeill
                                     Title:   Director

Dates Referenced Herein   and   Documents Incorporated By Reference

				Referenced-On Page
This 6-K Filing		Date		First		Last			Other Filings
		9/15/99		2
		11/5/03		2
For The Period Ended		11/13/03		6
Filed On / Filed As Of		11/20/03
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