Donner Metals Ltd. Chairman's Message - March 20, 2008
March 20, 2008
Dear friends and fellow shareholders,
���� It was a pleasure meeting those of you who came by our booth this month at the Prospectors and Developers Association Conference (PDAC) in Toronto. The PDAC was a very busy show and a great success, and I look forward to seeing more of you there next year.
���� At the moment we have 4 drill rigs doing delineation drilling at the Matagami Project in the Bracemac and McLeod discovery areas, with the goal of defining a 43-101 compliant resource in the near future. Providing the drilling proves up an economically viable resource, we anticipate a low-cost, high-margin production situation. Capital costs are well established for development of new mines at Matagami, and the project will access Xstrata's processing facilities. For more details on this, you can visit the website donnermetals.com.
���� While busy defining a resource, we presently have a number of excellent targets ready for drilling on the extensive land package (841 sq. km) that surrounds the Perseverance deposit and covers all areas of historical production. For example, there are a number of areas where mineralized intersections, of significant widths and typical grades for the Matagami camp, that remain undelineated and under-explored. Two prominent target areas for new discoveries are Orchan West and Phelps Dodge.
���� The Matagami exploration team won the Prospector of the Year award in Quebec last November on the basis of our pure discovery of four new high-grade sulphide zones at the Bracemac/McLeod area. With each new intersection, we are moving closer to our first goal of defining a 43-101 compliant resource at Bracemac/McLeod and our efforts elsewhere on this high potential land package are providing a conveyor belt of strong exploration targets for future discovery. Continued success in this high-margin camp will provide a strong foundation on which to grow Donner into a mid-tier metal producer.
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