Management of Exall Resources (EXL-T) is taking a $7-Million writedown of two non-performing assets; the Mazaruni alluvial diamond project in Brazil and the Santo Tomas copper-gold project in Mexico.
Exall says a bulk-sampling program at Mazaruni failed to find economic grades. The company was unable to find a partner for the low-grade Santo Tomas project, though the project is still viewed as having promise.
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