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Volume 51.2K
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As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

mindesta inc (MDST) Key Developments

Mindesta Inc. Auditor Raises 'Going Concern' Doubt

Mindesta Inc. filed its 10-K on Feb 10, 2014 for the period ending Dec 31, 2013. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Mindesta Inc. Announces Board Resignations

Mindesta Inc. announced that effective July 5, 2013, W. Campbell Birge, Douglas Perkins, and Albert Zapanta resigned as directors.

Mindesta Inc. Auditor Raises 'Going Concern' Doubt

Mindesta Inc. filed its 10-K on Mar 08, 2013 for the period ending Dec 31, 2012. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Mindesta Inc. Receives Assay Results from its First Stage Stream Sediment and Rock Sampling Program on the Arapsyo, Qabri Bahar and Abdul Qadir Exploration Permits in the Republic of Somaliland

Mindesta Inc. announced that it has received assay results from its first stage stream sediment and rock sampling program on the Arapsyo, Qabri Bahar and Abdul Qadir exploration permits in the Republic of Somaliland. Over the September, 2011 to April, 2012 period, 2,500 km2 of the Arapsyio and Qabri Bahar permits were sampled at a density of one sample every 1-2 km2. A total of 1,659 stream sediment and 58 rock samples were submitted to the assay laboratory. The following anomalies were identified: a large, well-structured and consistent platinum/palladium anomaly associated with an ultra-mafic intrusive, as well as three smaller anomalies in the same area; numerous columbite (Ta-Nb oxide) occurrences and stream sediment anomalies, including several artisanal workings; a large, well defined Ni/Co/Cu/Ti/V/Cr anomaly associated with a series of gabbroic complexes and one rock sample assayed 3.9%Cu with background Ni.Co/Ti values and another 6%Cr, 0.02%Co, 0.1%Ni, 0.4%Ti, and 0.05%V; a large tungsten anomaly associated with a granitic intrusive; molybdenum/bismuth and nearby copper occurrences associated with a large pegmatite zone (values up to 0.80% Mo and 0.49% Bi); and gold and silver anomalies were generally weaker and poorly structured although one returned rock samples that assayed 79 and 17 g/t silver in association with galena. Encouraging regional anomalies have been identified, particularly for gold, and must be narrowed down by infill stream sediment sampling and prospecting followed by soil sampling and/or geophysics. The Cu/Mo/Bi occurrences are already at a stage where soil sampling and ground geophysics could be carried out. A significant number of secondary anomalies will have to be ground checked on a case by case basis.

 

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