| May 27, 2008 |
| Donner Metals Ltd.: Four New High Grade Intersections at Bracemac/McLeod Including 23.70 Metres of 5.63% Copper and 11.46% Zinc |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 27, 2008) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports a significant expansion of the Bracemac Key Tuffite Zone at the Company's Matagami Project. Diamond drill hole BRC-08-74, designed to test for mineralization down-dip of this zone, returned a 23.70 metre interval of high-grade, massive sulphides averaging 5.63% copper and 11.46% zinc. The New McLeod Zone, approximately 1 kilometre east of Bracemac, has been extended up-dip by intersections of high-grade, massive sulphides encountered in Diamond drill holes MC-08-40 (1.1 metres) and MC-08-43 (8.54 metres). Drilling in MC-08-45, 250 metres up-dip of the New McLeod Zone, has also intersected high-grade massive and semi-massive sulphides over 6.35 metres.
Drilling Highlights
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Core
DDH Length % % g/t g/t
(Depth) From To (metres) Zn Cu Ag Au
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Bracemac Key Tuffite Zone
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BRC-08-74 652.60 676.30 23.70 11.46 5.63 17.76 Pending
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including 655.15 658.90 3.75 25.55 1.55 4.82
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658.90 664.80 5.90 2.53 12.32 38.39
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664.80 674.00 9.20 17.31 2.20 7.83
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New McLeod Zone
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MC-08-40 798.55 799.65 1.1 25.40 0.10 Pending 0.19
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MC-08-43 743.53 752.07 8.54 13.98 1.15 30.03 0.94
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Step out Drilling (Up-Dip Old McLeod Zone)
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MC-08-45 268.93 275.28 6.35 8.09 2.35 5.64 0.26
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Bracemac Area
Bracemac Zone: Diamond drill hole BRC-08-74 intersected unmineralized Bracemac Tuffite horizon 50 metres east and down-dip from BRC-07-28 (9.83% Zn, 0.90% Cu, 13.3 g/t Ag, 0.18 g/t Au over 6.90 metres).
Bracemac Key Tuffite Zone: Drill hole BRC-08-74 was continued to its primary target at the Bracemac Key Tuffite horizon where it extended the Bracemac Key Tuffite Zone by intersecting 23.70 metres of high-grade, massive sulphides, 60 metres down-dip and to the west of BRC-08-72 (11.26% Zn, 2.28% Cu, 8.78 g/t Ag, 0.45 g/t Au over 8.35 metres). Both BRC-08-72 and BRC-08-74 indicate significant thickening of high-grade massive sulphides in this area and the zone remains open for expansion.
McLeod Area
New McLeod Zone: Two drill holes were completed up-dip of the New McLeod Zone. MC-08-40 investigated the up-dip extension on the east side of the zone. This hole was drilled 50 metres up-dip of MC-07-31W1 (0.42% Zn, 1.50% Cu, 24.27 g/t Ag, 0.74 g/t Au over 3.0 metres) and 55 metres due east of MC-07-22 (19.30% Zn, 1.32% Cu, 28.5 g/t Ag, 0.75 g/t Au over 5.04 metres). MC-08-43 was drilled on the western side of the zone, 60 metres up-dip from MC-08-37 (17.77% Zn, 0.36% Cu, 16.13 g/t Ag, 1.34 g/t Au over 4.1 metres). Ongoing delineation drilling is designed to expand the New McLeod Zone and potentially connect it up-dip with the Old McLeod Zone.
Old McLeod, Up-dip: Drill hole MC-08-45 was designed to test off-hole electromagnetic anomalies and well developed Pipe alteration encountered in both MC-08-35 and MC-08-38. MC-08-45 intersected mineralization at the Key Tuffite stratigraphic level, 27 metres down dip from MC-08-38 and 250 metres up-dip from the Old McLeod Zone. Drill hole MC-08-48 was drilled 50 metres west of MC-08-45 and intersected mineralized Pipe alteration over 25.15 metres.
West McLeod Zone: Drill hole MC-08-46 was drilled at an orientation 90 degrees to the standard drill hole direction to test for vertical, northeast - southwest structures that trend parallel to the standard drill orientation. Pipe alteration, locally mineralized, has been observed at and below the Key Tuffite in previous drilling in the West McLeod Zone and is thought to be controlled by the targeted structures. MC-08-46 undercut the area between MC-07- 30 -W1 (0.89% Zn, 2.77% Cu, 12.23 g/t Ag, 0.05 g/t Au over 2.24 metres) and MC-07-21 (traces of chalcopyrite associated with chloritized structures). It intersected three zones of remobilized and replacement, pyrite-rich massive sulphides with quartz. Mineralization is hosted within Pipe alteration, with local chalcopyrite stringers, and strongly chloritized rhyolite at the Key Tuffite stratigraphic level. The true width and the geometry of the sulphides are uncertain and will require further drill follow-up. The hole is in progress and assays are pending.
Other: Drill hole MC-08-44 was a stratigraphic hole testing a gap in the drilling at a vertical depth of 600 metres midway between the Bracemac and McLeod areas. The hole did not intersect significant mineralization in the upper stratigraphy or at the Key Tuffite level. Historical drill hole MD-88-33, also located between the Bracemac and McLeod areas was deepened to provide for down-hole geophysical surveying. The original drill hole intersected the Key Tuffite at 700 metres vertical depth.
Details of the assay results can be found in the attached Appendix 1. Four drills are active on the Matagami Project at Bracemac and McLeod. A total of 61,012 metres of Diamond drilling in 128 drill holes has been completed since the project began in late 2006. Additional geological information, including maps and sections, is available at www.donnermetals.com.
The Matagami Project has an area of mutual interest of 4,750 square kilometres and presently includes 3,340 mineral claims covering 801 square kilometres. Taking advantage of Xstrata Zinc's extensive historical database, Donner and Xstrata Canada Corporation - Xstrata Zinc Canada Division (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 Matagami 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 $25 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. To date Donner has discovered new mineralization at Bracemac in the Upper Bracemac and Bracemac zones and the Key Tuffite horizon. In addition to delineation drilling at Old McLeod, Donner has discovered new mineralization at New McLeod and West McLeod at the Key Tuffite horizon at McLeod.
Supplementary Information
The field work on the Matagami Project is being carried out by project operator Xstrata Zinc Canada Division 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). Assays for MC-08-40 and BRC-08-74 are preliminary as assays and certification from ALS Chemex-Chimitec are pending. 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
To view Appendix 1 please click on the following link: http://media3.marketwire.com/docs/DONNER0527.pdf
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