Sphinx Resources

Published : April 11th, 2007

Copper-Rich Massive Sulphides Intersected in BRC-07-32 in the Bracem

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Keywords :   Canada | Copper | Gold | Silver | Zinc |
 
  PRESS RELEASE
 
 
Donner Metals Ltd.
TSX VENTURE:DONStock QuoteStock Chart
FRANKFURT:D4M
Other Recent News
April 10, 2007
 
Donner Metals Ltd.: Copper-Rich Massive Sulphides Intersected in BRC-07-32 in the Bracemac Zone
 
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2007) - Further to the Company's news release dated March 5, 2007, Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports that assays from previously described drill hole BRC-07-32 returned an average of 1.98% copper and 2.99% zinc over a 21.25 metre interval. The interval is comprised of 17.05 metres of massive sulphide averaging 2.47% copper, 3.72% zinc with 4.20 metres of internal barren dykes. This interval is underlain by an extensive alteration/stringer zone encountered over a 120.55 metre interval immediately below the sulphide horizon.

Drill hole BRC-07-32 is a 50 metre step-out to the west of the massive sulphides intersected in BRC-06-27 that returned an average of 13.98% zinc and 3.69% copper over 8.8 metres (see news release dated January 19, 2007). Metal zonation, typical of VMS deposits, is clearly demonstrated in the results of the five reported intersections in the Bracemac Zone (see news release dated January 19, 2007, January 30, 2007 and March 5, 2007). Details of BRC-07-32 are provided in the table included in this news release.

Ongoing drilling at Bracemac is designed to outline the recently discovered Bracemac Zone and Upper Bracemac Zone in addition to testing the Key Tuffite, the historically productive horizon in the Matagami Mining Camp.

About the Matagami Project

Donner has the option to earn a 50% participating joint venture interest in the Matagami Project from Xstrata Zinc Canada (Xstrata Zinc) by incurring $20 million of expenditures, plus an additional one time discovery bonus of up to $3 million in additional exploration expenditures, on exploration and related work on or before May 31, 2011. Upon exercising the option, 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 such area by incurring up to $20 million on a feasibility study.

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).

Supplementary Information

The field work on the Matagami Project is being carried out by project operator Xstrata Zinc. Xstrata Zinc is responsible for the sampling and submittal of samples for assay. 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


Bracemac
--------------------------------------------------------------------------
--------------------------------------------------------------------------
             UTM   Angle/ Zone                  Core
        Location   direc- name-               length
DDH       NAD 83    tion  Mineral            (metres)             g/t  g/t
(Depth)  Zone 18 (True N) Type    From     To    (ii) % Cu % Zn    Ag   Au
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BRC-07-  307184E     -64  BZ-MS  320.7 326.90   6.20  1.62 4.96 18.25 0.71
 32(i)  5505829N degrees/
(437.4m)             027
                 degrees
--------------------------------------------------------------------------
             barren dyke        326.90 329.20   2.30  0.02 0.04  0.45 0.00
--------------------------------------------------------------------------
                          BZ-MS 329.20    330   0.80  7.87 3.17 61.70 0.52
--------------------------------------------------------------------------
             barren dyke           330  330.5   0.50  0.01 0.03  0.40 0.00
--------------------------------------------------------------------------
                          BZ-MS  330.5  339.8   9.30  2.28 2.78  28.8 0.62
--------------------------------------------------------------------------
             barren dyke         339.8  341.2   1.40  0.03 0.06  0.90 0.01
--------------------------------------------------------------------------
                          BZ-MS  341.2 341.95   0.75  6.05 5.62  61.9 0.25
--------------------------------------------------------------------------
                          ------------------------------------------------
           Total Composite       320.7 341.95  21.25  1.98 2.99 22.56 0.51
--------------------------------------------------------------------------
                          ------------------------------------------------

--------------------------------------------------------------------------
                          BFW-S  349.0  362.2   13.2  0.29 1.98  8.55 0.05
--------------------------------------------------------------------------
                                 370.5  388.5   12.0  0.02 0.92  2.21 0.04
--------------------------------------------------------------------------
                                411.95  423.2  11.25  0.17 1.62  6.09 0.07
--------------------------------------------------------------------------
                                 455.0  462.5    7.5  0.02 1.87  4.18 0.07
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Zone: BZ (formerly "UT") equals Bracemac Zone,
BFW equals Bracemac Zone Footwall
Mineral Type: MS equals massive sulphides
(i)  - denotes holes drilled to test the Bracemac, Upper Bracemac zones
     only.
(ii) all interval lengths are reported as "core lengths". True lengths
     (true widths) are anticipated to be 80% to 90% of the core lengths.
 



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
 
  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

INDUSTRY: Manufacturing and Production - Mining and Metals

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Sphinx Resources

EXPLORATION STAGE
CODE : SFX.V
ISIN : CA8484221012
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Sphinx is a zinc and copper development stage company based in Canada.

Sphinx develops zinc, copper, gold and silver in Canada.

Its main asset in development is PD1 in Canada and its main exploration properties are SOUTH VOISEY BAY, WEST RAGLAN and MATAGAMI in Canada.

Sphinx is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 838 700 as of today (US$ 670 585, € 638 839).

Its stock quote reached its highest recent level on August 26, 2016 at CA$ 0.14, and its lowest recent point on December 06, 2022 at CA$ 0.01.

Sphinx has 83 870 000 shares outstanding.

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