Sphinx Resources

Published : June 05th, 2009

on BNN and Matagami Project Details

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Donner Metals

Peter Grandich answers Donner Metals question on BNN's Market Call Tonight

June 3, 2009

"I've never seen a company have such great drill results have a super major partner, be located in a great province to drill where you get a lot of rebate on your drilling,have excellent infrastructure, just about to complete a scoping study that's going to likely show that it's going to go into production and sell for pennies. 

They are looking basically for zinc and other base metals, their partner is Xstrata - they've committed to a large capital program.  When you have big partners like that and are looking to go past one or two drill programs, they're usually in for the whole ride and that's what I'm counting on for Donner."


Clip from BNN.com (6:50 to 8:00)



The Matagami Project - Bremac McLeod Mining Concept


Download PDF

Donner has the option to earn a 50% participating joint venture interest in an extensive land position, which covers the world-class Matagami Camp, by incurring a total of $25 million of expenditures on exploration and related work on or before May 31, 2011. Expenditures to date total $17 million. Upon earn-in by Donner, Xstrata Zinc has the option to earn back a 15% interest by incurring up to $20 million on a feasibility study on each of five separate project areas. The Matagami Mining Camp is a world-class mining district, with 18 known VMS deposits including 10 past producers and one currently producing mine. The area is host to historical production of 8.6 billion pounds of Zinc and 853 million pounds of Copper since 1963.

DON


Mining Concept: Bracemac-McLeod


The scoping study by Xstrata Zinc is nearing completion; a decision to move the deposit to the feasibility stage will follow. The scoping study is currently considering a ramp to access Bracemac-McLeod from the open pit at former producer Bell Allard South.

DON_Image

Advantages include:
� Permitted area
� No new surface disturbances
� Utilizes existing infrastructure
� 2 kilometres drive from portal to Mill
� Plenty of nearby exploration potential
� Traditionally low-cost producing camp










For more information please contact:

Keith Schaefer
Vanguard Shareholder Solutions
Tel: 604 608 0824
Toll Free: 1 866 898 0826

www.donnermetals.com

Vanguard Solutions

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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.

Your feedback is appreciated, please leave a comment or rate this article.
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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...
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