 | | | Published : October 22nd, 2007 | and Donner Continue to Intersect High Grade Sulphides at Matagami |
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October 21, 2007
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Donner and Xstrata Continue to Intersect High Grade Sulphides at Matagami
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2007) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M) reports new high-grade massive sulphide intersections at both the Bracemac and McLeod areas of the Matagami Project. At Bracemac, three drill holes have intersected high-grade massive sulphides at the Key Tuffite Horizon. At McLeod, high-grade massive sulphides have been intersected in three drill holes, also at the Key Tuffite Horizon, in two separate zones spaced 225 metres apart.
Drilling Highlights:
Bracemac Area - Key Tuffite Horizon,
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Core
length
DDH Zone From To (metres) % Zn % Cu g/t Ag g/t Au
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BRC-07-50 KT 321.65 330.5 8.85 13.66 0.68 37.6 0.53
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BRC-07-52 KT 292.00 305.55 13.55 16.88 0.84 26.69 0.13
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BRC-07-53 KT 305.60 309.70 4.10 11.81 1.01 42.24 0.19
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McLeod Area
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Core
length
DDH Zone From To (metres) % Zn % Cu g/t Ag g/t Au
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MC-05-18W6 NM 845.03 877.25 32.22 9.62 1.33 9.96 0.26
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Including 845.03 857.40 12.37 22.38 0.31 9.19 0.36
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and 865.40 877.25 11.85 1.13 3.06 15.96 0.27
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MC-07-26 OM 547.13 556.21 9.08 18.30 1.13 48.84 0.50
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566.15 569.37 3.22 10.51 3.94 92.38 0.85
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MC-07-27 OM 526.30 532.97 6.67 18.45 2.11 66.41 1.12
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542.80 544.10 1.30 7.36 3.19 143.00 0.90
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-------------------------------------------------------------------------The McLeod Area is located approximately 1 kilometre southeast of Bracemac which is located 4 kilometres southeast of Xstrata's Matagami mill. Details of the new drill results are reported in the attached Table 1. Additional geological information, including updated maps and sections, on both areas is available at www.donnermetals.com. Assays have been received for nine additional drill holes totaling 5068.8 metres of drilling. Three drills are active on the Matagami Project.
Bracemac
BRC-07-50, 52 and 53 extended the Bracemac Key Tuffite Zone approximately 75 metres to the east. The present extent of the zone is approximately 150 metres in an east-west direction with a dip extent of approximately 70 metres. BRC-07-51 was drilled 50 metres down-dip of BRC-07-52 and BRC-07-49 was drilled 50 metres down-dip of BRC-07-46 (33.9% Zn, 0.1% Cu over 7.0 metres and 28.66% Zn, 0.25% Cu over 7.15 metres). The zone is limited by drilling except to the west where continued drilling is in progress to investigate further potential focused on the well developed stringer/alteration zone that occurs in the footwall of the massive sulphides. The Bracemac Key Tuffite Zone is at a vertical depth of approximately 300 metres and is stratigraphically below the previously reported Upper Bracemac and Bracemac massive sulphide zones.
McLeod Zones
The New McLeod Zone occurs on the Key Tuffite horizon at a vertical depth of 800 metres. It is situated approximately 225 metres directly down dip from the Old McLeod Zone. Drilling continued through wedging from a pilot hole, designed to investigate the zone at approximately 50 metre centers. DDH MC-05-18W6 is a 40 meter step-out east of MC-05-18W2 that returned 9.24% Zn, 0.99% Cu over 27.95 metres. The New McLeod Zone is open and continued drilling will focus on extending this zone.
The Old McLeod Zone is situated on the Key Tuffite Horizon at a vertical depth of 500 metres. Follow-up of historical drilling at 50 metre intervals has extended the zone in an east - west direction. The zone is poorly defined, but constrained by widely-spaced historical drilling. The results of MC-07-26 and 27 extend the distribution of massive sulphides first encountered in historical drill hole MC-04-07 (11.15% Zn, 2.04% Cu over 10.8m) by 100 metres. The entire zone, including the confining drill holes, is underlain by a very well developed stringer/alteration zone suggesting a robust VMS system in this area.
A connection between the two zones is not known at this time, however mineralization has been intersected between the two zones in two widely spaced drill holes, MC-07-25 (35.6% Zn, 1.82% Cu, 2.98 g/t Au over 0.96m) and MC-07-22 (15.06% Zn, 0.99% Cu over 7.0m), both previously reported.
About the Matagami Project
The Matagami Project has an area of mutual interest of 4,737 square kilometres and presently includes 2794 mineral claims covering 717 square kilometres. Taking advantage of Xstrata Zinc's extensive historical database, Donner and Xstrata Zinc Canada (Xstrata Zinc) are using a combination of 3D data integration, innovative advanced technologies, new concepts and Diamond drilling to explore for new deposits in this prolific mining camp.
The Matagami Mining Camp is a world-class mining district, with 18 known VMS deposits, including 10 past producers of varying sizes, including the giant Mattagami Lake Deposit (25.64 million tonnes of 8.2% Zn, 0.56% Cu, 20.91 g/t Ag and 0.41 g/t Au) discovered in 1957 and mined from 1963 to 1988. The area is host to historical production of 8.6 billion pounds of Zn and 853 million pounds of Cu and has established infrastructure including the town of Matagami, a railway, a paved road, and a 2,600 t/day mill owned by Xstrata Zinc.
Donner has the option to earn a 50% participating joint venture interest in the Matagami Project by incurring a total of $20 to $23 million of expenditures on exploration and related work on or before May 31, 2011. Upon earn-in by Donner, five separate joint ventures will be formed, covering the property and the area of interest. In each of the five joint venture areas, Xstrata Zinc has the option to earn back a 15% interest in each area by incurring up to $20 million on a feasibility study.
The Company's strategy is to explore for and discover zinc - copper deposits in the Matagami Camp and to leverage the general infrastructure and existing processing facilities within a known and well-established cost structure for developing VMS deposits. Donner's exploration objective is to investigate multiple stratigraphic horizons with potential for VMS mineralization including the prolific Key Tuffite horizon throughout the Matagami Camp. Donner has discovered new mineralization on the Bracemac Property in the Upper Bracemac and Bracemac Zones and at the Key Tuffite horizon in both the Bracemac and McLeod areas.
Supplementary Information
The field work on the Matagami Project is being carried out by project operator Xstrata Zinc Canada who is responsible for the sampling, submittal of samples for assay, assay verification and QA/QC. Assaying of samples reported in this news release was carried out and certified by ALS Chemex-Chimitec, of Val D'Or, Quebec (zinc, copper and silver by atomic absorption, and gold by standard fire assay procedures). Sample preparation was done by ALS Chemex of Val D'Or, Quebec. Robin Adair, VP of Exploration for the Company is the Qualified Person responsible for the technical information in this news release.
ON BEHALF OF THE BOARD OF DONNER METALS LTD.
Harvey Keats, Chief Executive Officer
TABLE 1 - New Results
1) BRACEMAC AREA
Key Tuffite Zone,
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Hori-
Angle/ zon
UTM direc- name - Core
Location tion Mine- length
DDH NAD 83 (True ral (met- g/t g/t
(Depth) Zone 18 N) Type From To res) % Zn % Cu Ag Au
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BRC-07-49 307381E, -54 KT-SM 419.20 421.00 1.8 5.64 1.97 81.17 0.19
(510m) 5506078N degr-
ees/
027
deg-
rees
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446.50 457.00 10.50 2.86 0.30 5.34 0.01
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BRC-07-50 307545E, -70 KT-MS 321.65 330.5 8.85 13.66 0.68 37.6 0.53
(454.7m) 5506123N degr-
ees/
027
degr-
ees
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BRC-07-51 307584E, -75 KT-SM 303.80 314.60 10.80 0.75 0.09 3.11 0.02
(436m) 5506095N degr-
ees/
025
degr-
ees
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314.60 320.40 5.80 0.93 0.18 8.56 0.05
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BRC-07-52 307568E, -64 KT-MS 292.00 305.55 13.55 16.88 0.84 26.69 0.13
(391m) 5506110N degr-
ees/
027
degr-
ees
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BRC-07-53 307545E, -55 KT-MS 305.6 309.7 4.10 11.81 1.01 42.24 0.19
(350m) 5506123N degr-
ees/
027
degr-
ees
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Horizon: KT equals Key Tuffite.
Mineral Type: MS equals massive sulphides, SM equals semi-massive sulphides
True widths are anticipated to be the same as core lengths.
2) MCLEOD AREA
New McLeod Zone
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Hori-
Angle/ zon
UTM direc- name - Core
Location tion Mine- length
DDH NAD 83 (True ral (met- g/t g/t
(Depth) Zone 18 N) Type From To res) % Zn % Cu Ag Au
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MC-05-18W5 308266E, -80 KT-MS 891.60 892.18 0.58 11.7 2.21 36.4 NA
(971m) 5504910N degr-
ees/
037
degr-
ees
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KT-SM 892.18 893.00 0.82 0.88 6.21 85.6 NA
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MC-05-18W6 308266E, -80 845.03 877.25 32.22 9.62 1.33 9.96 0.26
(952m) 5504910N degr-
ees/
037
degr-
ees
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Including KT-MS 845.03 857.40 12.37 22.38 0.31 9.19 0.36
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KT-SM 865.40 877.25 11.85 1.13 3.06 15.96 0.27
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Horizon: KT equals Key Tuffite.
Mineral Type: MS equals massive sulphides, SM equals semi-massive sulphides
True widths are anticipated to be 80% of the core lengths.
Note: Holes MC-05-18W5 and 6 are wedge cuts from a single pilot hole,
designed to produce a 50 metre separation at the Key Tuffite. The
collar information is the same for each wedge cut.
Old McLeod Zone
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Hori-
Angle/ zon
UTM direc- name - Core
Location tion Mine- length
DDH NAD 83 (True ral (met- g/t g/t
(Depth) Zone 18 N) Type From To res) % Zn % Cu Ag Au
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---------------------------------------------------------------------------
MC-07-26 308281E, -64 KT-MS 547.13 556.21 9.08 18.30 1.13 48.84 0.50
(643.80) 5505012N degr-
ees/
025
degr-
ees
---------------------------------------------------------------------------
566.15 569.37 3.22 10.51 3.94 92.38 0.85
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MC-07-27 308367E, -62 KT-MS 526.30 532.97 6.67 18.45 2.11 66.41 1.12
(690.3m) 5504990N degr-
ees/
027
degr-
ees
---------------------------------------------------------------------------
542.80 544.10 1.30 7.36 3.19 143.00 0.90
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Horizon: KT equals Key Tuffite.
Mineral Type: MS equals massive sulphides, SM equals semi-massive sulphides
True widths are anticipated to be 80% of the core lengths.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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CONTACT INFORMATION:
Donner Metals Ltd.
Harvey Keats
Chief Executive Officer
(604) 683-0564 or Toll Free: 1-800-909-8311
Fax: (604) 602-9311
Email: donner@bed-rock.com
Website: www.donnermetals.com
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INDUSTRY: Manufacturing and Production - Mining and Metals
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Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
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Xstrata plc
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CODE : XTA.L |
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Xstrata is a zinc and lead producing company based in Switzerland. Xstrata produces zinc, lead, bauxite, coal, cobalt, copper, gold, molybdenum, nickel and silver in Argentina, in Australia, in Botswana, in Canada, in Chile, in Colombia, in Jamaica and in Peru, develops cobalt, copper, copper , gold, lead, molybdenum, nickel, palladium, platinum, silver, uranium and zinc in Argentina, in Australia, in Canada, in Chile, in Dominican Republic, in New Caledonia and in Philippines, and holds various exploration projects in Argentina, in Australia, in Botswana, in Brazil, in Canada, in Chile, in Greenland, in Ireland, in Mexico, in Norway, in Panama, in Papua New Guinea, in Peru, in South Africa, in Turkey and in Yemen. Its main assets in production are ALUMBRERA in Argentina, KIDD CREEK MINE (MINE D), CRAIG - ONAPING (SUDBURY) MINE, PELLETIER LAKE (STADACONA MINE), LINDSLEY MINE, NORALEX (WEST ANSIL, HORNE, ETC), STRATHCONA, KIDD CREEK DIVISION, BUCKO LAKE, FALCONBRIDGE MINE, RAGLAN, SUDBURY, BRUNSWICK MINE and KIDD in Canada, HYC MCARTHUR RIVER, MOUNT ISA LEAD ZINC SILVER, ERNEST HENRY, BOUNTY MINE, COSMOS MINE, THUNDERBOX, EMILY ANN (LAKE JOHNSTON), MT MCCLURE, MT ISA, SILVER SWAN, MT ISA BLACK STAR, MT ISA ENTERPRISE and EMILY ANN in Australia, LOMAS BAYAS and COLLAHUASI MINE in Chile, TINTAYA, ANTAMINA, ANTAMINA and ANTAMINA ZINC ORE in Peru, PHOENIX MINE (TATI NICKEL) in Botswana, PRODECO in Colombia and ST ANN BAUXITE in Jamaica, its main assets in development are LENNARD SHELF, MAGGIE HAYS, CLONCURRY COPPER and LENNARD SHELF in Australia, CERRO DE MAIMON and FALCONDO MINE in Dominican Republic, AGUA RICA and EL PACHON in Argentina, HACKETT RIVER, PREMIERE RIDGE, ONAPING DEPTH, FRASER MORGAN, NICKEL RIM SOUTH, ONAPING DEPTH, PERSEVERANCE and PD1 in Canada, LOMAS BAYAS II in Chile, KONIAMBO in New Caledonia and TAMPAKAN in Philippines and its main exploration properties are HORNE SMELTER, ISLAND COPPER, KONRAD, MARY MARCH, MEGATEM, ROBB LAKE, AKWESKWA, MUSK, CEZINC, DONKIN, TROILUS / TORTIGNY, TORTIGNY, SABIN, CHANCE, TULKS NORTH, CATFACE, GREAT BURNT LAKE, WEST ANSIL, TULK SOUTH - DOMINO, TULK EAST B ZONE, TULK SOUTH BOOMERANG, TULK EAST A ZONE, TULK LONG LAKE MAIN ZONE, SKIDDER, MATAGAMI, HEATH STEELE MINES, GASPE MINE and MONTCALM TWP PROP in Canada, BLACK ROCK, TOBY CREEK, MUSGRAVE, MOUNT PEAKE and SINCLAIR in Australia, ELMALAAN in Turkey, MANGABAL in Brazil, KABANGA in Tanzania, FRIEDA - NENA DEPOSIT in Papua New Guinea, PALLAS GREEN in Ireland and DIKOLOTI in Botswana. Xstrata is listed in Germany and in United Kingdom. Its market capitalisation is GBX 2 893.1 billions as of today (US$ 4 497.6 billions, € 3 435.7 billions). Its stock quote reached its lowest recent point on April 30, 2013 at GBX 963.50, and its highest recent level on May 02, 2013 at GBX 999.70. Xstrata has 3 002 692 076 shares outstanding. |
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