Sphinx Resources

Published : June 14th, 2007

New Zinc-Copper Discover 9.24% Zinc, 0.99% Copper Over 27.95 Metres at the McLeod Area, Matagami

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Diamond | Gold | Silica | Silver | Zinc |
Marketwire
 
 
Donner Metals Ltd.
TSX VENTURE:DONStock QuoteStock Chart
FRANKFURT:D4M
Other Recent News

June 14, 2007
Donner Metals Ltd.: New Zinc-Copper Discovery Grading 9.24% Zinc, 0.99% Copper Over 27.95 Metres at the McLeod Area, Matagami
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 14, 2007) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), announces the discovery of new, zinc - copper massive sulphide mineralization at the Key Tuffite horizon and in a second horizon 150 metres above the Key Tuffite in the McLeod area of the Matagami project (details listed in the attached table).

MC-05-18W2 intersected 9.24% zinc and 0.99% copper over 27.95 metres, including 26.08% zinc and 2.23% copper over 4.79 metres and 26.08% zinc and 0.29% copper over 3.9 metres. It is a wedge hole that intersected this mineralization at the Key Tuffite at a vertical depth below surface of 820 metres, 100 metres up-dip from historical drill hole MC-05-18 that intersected 22.7% zinc and 0.46% copper over 0.85 metres, also at the Key Tuffite.

MC-07-22 intersected 19.3% zinc and 1.32% copper over 5.04 metres at a vertical depth of 735 metres. This intersection is 100 metres directly up-dip from MC-05-18W2 at the Key Tuffite.

MC-07-24 intersected massive sulphide mineralization associated with an upper tuffite, 150 metres stratigraphically above the Key Tuffite, that returned 6.83% zinc and 1.62% copper over 2.3 metres. This mineralization is underlain by an alteration pipe with sulphide stringers and associated intense chlorite alteration that returned 2.25% copper over 2.0 metres. The massive sulphide mineralization and the alteration pipe suggest the development of a second mineralized horizon in the McLeod area 150 metres above the Key Tuffite. This drill hole was continued to the Key Tuffite where it intersected weak mineralization (pyrite), 300 metres west of MC-07-22.

Drill Hole MC-07-21 and MC-07-23 targeted a down-hole EM anomaly at the Key Tuffite 500 metres below surface and 350 metres up dip and to the west of MC-07-22. Strong chlorite alteration immediately below the Key Tuffite was encountered in MC-07-21 and MC-07-23 intersected very intense and locally mineralized chlorite alteration at, and below, the Key Tuffite.

The new sulphide zone indicated by the results from MC-05-18W2 and MC-07-22 is 200 metres down-dip from a historical mineralized zone at the Key Tuffite level that returned 3.66% zinc and 0.28% copper over 13.3 metres in MC-04-04; 11.25% zinc and 2.04% copper over 14.05 metres in MC-04-07 and 1.14% zinc and 2.38% copper over 13.2 metres in MC-04-08. The new sulphide zone is open towards this mineralization and is also open laterally and down plunge where the next nearest historical drilling is at a minimum distance of 300 metres.

The McLeod area is located approximately 5 kilometres southeast of the Matagami mill and 1 kilometre southeast of intersections previously reported from the Bracemac area. These new results were returned from an initial five hole program (MC-05-18-wedge and MC-07-21 to 25). The program is designed to investigate an extensive chlorite alteration system at, and immediately below, the Key Tuffite that was previously encountered by wide-spaced historical drilling in the McLeod area where the Key Tuffite marker horizon is well developed and dips at 70 degrees to the south west.

Drilling is continuing with 3300 metres drilled to date at the McLeod area.

Matagami Camp Geology

Throughout the Matagami Camp, mineralization occurs in multiple deposits as bedded and pinnacle massive sulphides at the laterally extensive, Key Tuffite stratigraphic level (e.g. Mattagami and Bell Allard deposits) immediately overlying "Alteration Pipes" that represent the conduit through which the mineralizing hydrothermal fluids rose to the sea floor and precipitated the massive sulphides as well as the much more extensive Key Tuffite (silica). Massive sulphides are now known to also occur as vertical, cone-shaped sulphide bodies hosted within the "Alteration Pipe" (e.g. Perseverance). Multiple, stacked mineralized zones and associated alteration pipes above the Key Tuffite are now demonstrated (e.g. Bracemac and Upper Bracemac) where massive sulphides can occur within tuffites developed at higher stratigraphic levels, likely from ongoing hydrothermal systems that were active over long periods of time. "Alteration Pipes" are typified by two styles of alteration: 1) "Pipe style" - characterized by intense chlorite, quartz and sulphide stringers (chalcopyrite, sphalerite, pyrite and pyrrhotite) with local talc, indicating the core of the hydrothermal vent system and, 2) strong chlorite developed proximal to the hydrothermal vents. The vents occur along structural corridors.

About the Matagami Project

The Matagami Project has an area of mutual interest of 4,737 square kilometres and presently includes 2,138 mineral claims covering 499 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 2,350 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 the expenditure of $20 million 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 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 at the Bracemac and Upper Bracemac levels, recently reported a new discovery in the Key Tuffite immediately below the Bracemac Zones and now reports an additional discovery in the McLeod area at the Key Tuffite.

Supplementary Information

The field work on the Matagami Project is being carried out by project operator Xstrata Zinc Canada who are responsible for the sampling, QAQC 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


McLeod Area
---------------------------------------------------------------------------
---------------------------------------------------------------------------

                                                 Core
         UTM        Angle/ Zone                   len-
DDH      Location   direc- name -                 gth
(metres  NAD 83      tion  Mineral               (met-             g/t  g/t
drilled) Zone 18  (True N) Type     From     To   res)  % Zn % Cu   Ag   Au
---------------------------------------------------------------------------
---------------------------------------------------------------------------
MC-05-   308266E,     -79  KT-MS  828.05 832.84  4.79  25.04 2.23 60.2 1.16
 18W2    5504910N degrees/
(486m)                037
                  degrees
---------------------------------------------------------------------------
                           KT-S   832.84 838.24   5.4   2.31 1.65 43.9 0.51
---------------------------------------------------------------------------
                           KT-D/S 838.24 849.24  11.0   2.06 0.30  8.5 0.25
---------------------------------------------------------------------------
                           KT-MS  849.24 853.14   3.9  26.08 0.29 16.2 0.96
---------------------------------------------------------------------------
                           KT-MS  853.14  856.0  2.86   0.50 1.27 16.9 0.34
---------------------------------------------------------------------------
                                  -----------------------------------------
               Total Zone         828.05  856.0 27.95   9.24 0.99 26.1 0.56
---------------------------------------------------------------------------
---------------------------------------------------------------------------
MC-07-21 307182E,     -90  KT     920.70  921.5   0.8     Trace Pyrite and
(589m)   5505970N degrees/                                  Chalcopyrite
                      000
                  degrees
---------------------------------------------------------------------------
---------------------------------------------------------------------------
MC-07-22 308285E,     -76  KT-MS  754.53 759.57  5.04   19.3 1.32 28.5 0.75
(849m)   5504950N degrees/
                      028
                  degrees
---------------------------------------------------------------------------
---------------------------------------------------------------------------
MC-07-23 308124E,     -66  PIPE-S 518.33 519.33   1.0   0.09  2.4  9.2 0.06
(580m)   5505156N degrees/
                      028
                  degrees
---------------------------------------------------------------------------
                           PIPE-S 528.35 529.35   1.0    0.1 1.20  5.1 0.05
---------------------------------------------------------------------------
---------------------------------------------------------------------------
MC-07-24 308089E,     -70  UT-MS  381.27 383.58  2.31   6.83 1.62 36.7 0.46
(796m)   5505016N degrees/
                        0
                  degrees
---------------------------------------------------------------------------
                           UT-S    521.7  523.7   2.0   0.23 2.25 15.9 0.22
---------------------------------------------------------------------------
                           KT     684.90 686.65  1.75      Trace pyrite
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Zone:         UT equals Upper Tuffite correlateable with the Bracemac Zone,
              KT equals Key Tuffite,
              KTFW equals Key Tuffite Footwall.
Mineral Type: MS equals massive sulphides,
              SM equals semi-massive sulphides and
              S equals stringer sulphides, 
              D equals disseminated sulphides.
              Pipe equals Intense chlorite and talc alteration,
              +/- sulphide stringers.

True widths are anticipated to be 70% of drilled widths.
 



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

Footer

Sphinx Resources

EXPLORATION STAGE
CODE : SFX.V
ISIN : CA8484221012
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Sphinx Resources
8/8/2013Announces Second Closing of Private Placement
8/8/2013=3A Donner Metals announces closing of private placement
7/9/2013=3A Financing Update
6/24/2013Announces Financing
11/14/2012Announces Closing of C$1,439,000 Final Tranche Private Place...
2/28/2012Increases Private Placement Financing
2/27/2012Announces C$10,000,000 Private Placement Financing
10/27/2011Announces C$2,440,000 of Private Placement Financings
7/27/2011$3 Million Private Placement
7/25/2011Funds Received, Private Placement Closed
7/13/2011Financing News
2/15/2010Additional Private Placement Closings
11/16/2009Private Placements close
5/14/2009Non-Brokered Financing
1/7/2008 $3.2 Million Private Placement Closed
12/17/2007 Private Placement Increased to $3.2 Million
12/7/2007 $2.0 Million Private Placement
Project news of Sphinx Resources
12/10/2013Donner Metals Acquires Option on Valmond Gold Property from ...
10/30/2013(Matagami)Matagami Exploration Joint Ventures Update
9/3/2013=3A Donner Forfeits Interest in Bracemac=2DMcLeod
8/13/2013=3A Donner Metals Bracemac=2DMcLeod Interest
8/13/2013Bracemac-McLeod Interest
7/31/2013=3A Donner Metals Mineralization Extended=2C New Copper Zone...
7/12/2013=3A Donner Metals Update on Production at Bracemac=2DMcLeod
7/12/2013Update on Bracemac-McLeod Production
5/22/2013More High-Grade at McLeod Deep
5/16/2013Production has started!
5/16/2013Production Commences at Bracemac-McLeod
11/1/2012Development and Exploration Update
9/5/2012Bracemac-Mcleod Continues on Target
7/6/2012Provides Exploration Drilling Update
7/6/2012=3A Higher Production at Bracemac=2DMcLeod
7/5/2012Higher Production at Bracemac-McLeod
2/22/2012(Matagami)Ltd=2E: New Drilling Continues to Demonstrate Potential of M...
1/16/2012Ltd=2E: Bracemac-McLeod Mine Development Continues to Track ...
10/25/2011Ltd=2E: Bracemac-McLeod Mine Development Tracking On Budget ...
4/26/2011(Matagami)Completes Earn-In on the Matagami Project
3/6/2011(Matagami)Bracemac-McLeod Ramp Moves Past 660 Metres
2/10/2011(Pd1) Matagami Project Advances as the PD1 Deposit Moves to Feasi...
7/12/2010(Matagami)Drilling Extends McLeod Deep Discovery
3/7/2010(Matagami)Bracemac-McLeod Update
2/16/2010(Matagami)McLeod Deep Discovery Expanded-7.50 Metres Grading 10.27% Zi...
11/23/2009(Matagami)Expanded Winter Drill Progam Initiated at Matagami
10/1/2009(Matagami)Bracemac-McLeod Feasibility Advances as Exploration Continue...
7/15/2009(Matagami) BRACEMAC-MCLEOD advances to feasibility
6/5/2009(Matagami)on BNN and Matagami Project Details
5/25/2009(Matagami)Drilling to Resume at Matagami; Scoping Study Nears Completi...
2/26/2009(Matagami)BRACEMAC-MCLEOD NI 43-101 INDICATED RESOURCE: 3,623,000 TONN...
2/26/2009(Matagami)UPDATED BRACEMAC-MCLEOD NI 43-101
2/11/2009(Matagami)featured on Minesite.com
1/26/2009(Matagami)NI43-101 Resource
1/23/2009(Matagami)INITIAL BRACEMAC-MCLEOD NI43-101 INDICATED RESOURCE
11/12/2008(Matagami)Assays Return High-Grade Zincand Copper from the McLeod Disc...
9/5/2008Provides Initial Results From a Single Drill Hole Program on...
5/27/2008(Matagami)Four New High GradeIntersections at Bracemac/McLeod Includin...
5/9/2008(Matagami)13.47% Zinc, 2.33% Copper Over 6.95 Metres Intersected at Br...
4/11/2008High Grade Discovered Between Bracemac and McLeod
3/3/2008New High Grade Intersections Expand Zones at Bracemac and Mc...
1/9/2008 Drilling Intersects 9.48% Zinc and 2.81% Copper Over 6.00
Corporate news of Sphinx Resources
12/30/2013Announces Completion of Share Consolidation
12/13/2013Announces Results From AnnualGeneral and Special Meeting and...
11/14/2013Annual and Special General Meeting
7/18/2013Announces Closing of C$2,807,010 Placement
7/8/2013=3A Copper Stream with Sandstorm Amended
7/8/2013Donner Metals Copper Stream With Sandstorm Amended
3/14/2013Announces Financial Support from Quebec Institutions
1/15/2013Stock Options Granted
11/1/2012Ltd=2E: Increased Upfront Paymen =?ISO-8859-1?Q?t=20From=20S...
10/22/2012Announces Results from Annual General Meeting, Head Office M...
10/22/2012Announces Results from Annual General Meeting, Head Office M...
10/4/2012Underground photos and video updates from Donner Metals
9/19/2012Ltd=2E: Mcleod Zone Extended Up-Dip: Exploration Drilling In...
8/28/2012=3A President's Message
4/17/2012Normand Champigny Appointed President of Donner Metals
2/23/2012Sandstorm Partners With Donner Metals
2/22/2012Ltd=2E: Development to Reach the McLeod Zone a Year Ahead of...
2/22/2012News Release
1/20/2012Join us at at the Vancouver Resource Show and Exploration Ro...
9/1/2011September Video update from Donner Metals
7/13/2011Sandstorm Provides US$25 Million Senior Financing
4/14/2010Definition Drill Program Completed at Bracemac-McLeod
2/3/2010$2,409,930 Financing Closed
1/30/2010Financing Increased
9/8/2009engineering contract and fast-tracked feasibility
8/24/2009Two Near Term Production Stories
6/22/2009Industrial Alliance Features Report on Donner Metals
5/19/2009A "Green Shoot" Rising
5/14/2009Is At The Starting Gate
2/26/2009Hotsheet
2/18/2009positioned for success
2/9/2009featured in Mining Journal
12/12/2008$1,048,000 Financing Closes
12/4/2008 AND XSTRATA ZINC CANADA WIN INTERNATIONAL EXPLORATION AWARD
11/25/2008$1.0 Million Financing
11/18/2008Donner Metals has fast-track potential says Reinhard
7/31/2008 Drilling Continues toDelineate and Expand Mineralization at...
8/1/2008Hotsheet for 7/31/2008
5/28/2008$3 Million Debenture Offering
5/27/2008Hotsheet for 5/27/2008
4/11/2008Hotsheet for 4/11/2008
3/20/2008March Chairman's Letter
3/5/2008Hotsheet for 3/5/2008
2/1/2008Engages Mau Capital to Provide Investor Relations
1/8/2008Hotsheet for 1/8/2008
12/7/2007Chairman's Letter
11/28/2007Expands Interest in Matagami Camp
11/8/2007Join us at the San Francisco Hard Assets Investment Conferen...
10/22/2007 Hotsheet for 10/21/2007
8/2/20076 New Massive Sulphide =?ISO-8859-1?Q?=20Intersections,=20In...
6/14/2007New Zinc-Copper Discover 9.24% Zinc, 0.99% Copper Over 27.95...
6/7/2007Bracemac Yields Additional Results With New Mineralization I...
4/11/2007Copper-Rich Massive Sulphides Intersected in BRC-07-32 in th...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SFX.V)
0.010+0.00%
TSX-V
CA$ 0.010
12/06 09:30 -
0%
Prev close Open
0.010 0.010
Low High
0.010 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.010 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : -9
Produces
Develops
Explores for Copper - Gold - Nickel - Palladium - Platinum - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :