| | Publié le 12 novembre 2008 | Assays Return High-Grade Zincand Copper from the McLeod Discovery at Ma |
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November 12, 2008 |
Donner Metals Assays Return High-Grade Zinc and Copper from the McLeod Discovery at Matagami, Quebec |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 12, 2008) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports assay results returned from the McLeod for drill holes previously described in the Company's news release dated October 27, 2008. These results and the results from the remaining holes to be drilled this year as part the current delineation program will be incorporated into the Scoping Study presently being conducted by Xstrata Zinc Canada Ltd. on the Bracemac-McLeod discoveries.
McLeod Zone (Key Tuffite Horizon)
---------------------------------------------------------------------------
UTM
Loca- Angle/ Mine- Core
tion direc- ral length ETW
DDH NAD 83 tion Ty- (met-(met- Zn Cu Ag Au
(depth) Zone 18 (True N) pe From To res) res) % % g/t g/t
---------------------------------------------------------------------------
---------------------------------------------------------------------------
-62 deg-
rees/
MC-08-69 308184E, 038
(610m) 5505020N degrees SMS 571.85 572.60 0.75 0.66 19.45 1.25 45.30 0.40
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and SMS 577.10 582.10 5.00 4.18 5.90 1.12 14.95 0.11
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-64 deg-
rees/
MC-08-70 308151E, 034 MS/
(733m) 5504963N degrees SMS 640.00 648.66 8.66 7.00 13.71 1.24 57.92 1.05
---------------------------------------------------------------------------
-63 degr-
rees/
MC-08-71 308294E, 031 MS/
(750m) 5504849N degrees SMS 670.39 677.44 7.05 6.01 19.72 1.22 28.77 1.07
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Copper Zone (Below Key Tuffite Horizon):
---------------------------------------------------------------------------
UTM
Loca- Angle/ Mine- Core
tion direc- ral length ETW
DDH NAD 83 tion Ty- (met-(met- Zn Cu Ag Au
(depth) Zone 18 (True N) pe From To res) res) % % g/t g/t
---------------------------------------------------------------------------
---------------------------------------------------------------------------
-65 deg-
rees/
MC-08-66 308186E, 029
(786m) 5504920N degrees S 737.06 740.06 3.00 2.5 0.33 1.58 8.35 0.23
---------------------------------------------------------------------------
-62 deg-
rees/
MC-08-68 308297E, 031
(764m) 5504855N degrees S 686.00 689.00 3.00 2.59 0.11 1.01 5.90 0.03
---------------------------------------------------------------------------
-64 deg-
rees/
MC-08-70 308151E, 034
(700m) 5504963N degrees S 692.79 693.54 0.75 0.61 0.02 1.36 4.60 0.06
---------------------------------------------------------------------------
-63 deg-
rees/
MC-08-71 308294E, 031
(750m) 5504849N degrees S 680.32 684.38 4.06 3.48 1.04 1.25 11.64 0.15
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Table Legend:
Mineral Type: MS equals massive sulphides, SMS equals semi-massive
sulphides, DS equals disseminated sulphides, S equals stringer sulphides in
"Pipe" alteration
"Pipe" alteration is defined as intense chlorite alteration typically
underlying or surrounding zones of massive sulphide development and it is
indicative of a hydrothermal vent system associated with mineralization in
the Matagami Camp. Magnetite, chalcopyrite, pyrite, sphalerite, silica and
talc may occur with chlorite. Deposits in the Matagami camp occur as mounds
(Matagami, Isle Dieu), pinnacles (Orchan West/Isle Dieu Deposits) and/or
roots entirely within the "Pipe" (Perseverance Deposit). Many deposits have
aspects of all three.
ETW equals Estimated True Width
Three drills are active on the Matagami Project at Bracemac-McLeod. A total of 86,095 metres of diamond drilling in 173 drill holes has been reported on since the project began in late 2006. Geological information, including maps and sections, is available at www.donnermetals.com.
PROJECT OVERVIEW
Donner has the option to earn a 50% participating joint venture interest in the Matagami Project by incurring a total of $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 Matagami Project has an area of mutual interest of 4,750 square kilometres and presently includes 3,340 mineral claims covering 801 square kilometres. A pipeline of strong drill/exploration targets remain to be investigated in addition to the efforts at Bracemac-McLeod. 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 Project covers the Matagami Mining Camp which 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 8600 million pounds of Zn and 853 million pounds of Cu. The Matagami area is well serviced by established infrastructure including the town of Matagami, power, a permitted tailings facility, railway, airport and well developed road and highway networks. Xstrata Zinc Canada is currently producing from its low-cost and wholly-owned Perseverance Deposit which feeds its refurbished 2,600 t/day Matagami mill complex. Any future development under the Donner-Xstrata agreement will benefit from the established infrastructure and facilities. Zinc concentrates produced at Matagami are refined at the Noranda Income Fund zinc refinery in Valleyfield Quebec. Copper concentrates are smelted at Xstrata's Horne smelter in Rouyn-Noranda and refined at Xstrata's Canadian Copper Refinery in Montreal.
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-McLeod and at Bell Channel. Within the extensive project area there are numerous exploration targets with good potential for additional discoveries.
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). 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
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
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