| | Publié le 09 janvier 2008 | Drilling Intersects 9.48% Zinc and 2.81% Copper Over 6.00 |
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January 9, 2008
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Donner Metals Ltd.: Drilling Intersects 9.48% Zinc and 2.81% Copper Over 6.00
Metres at Bracemac
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2008) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M) reports that drilling continues to extend the Bracemac Key Tuffite Zone. Diamond drill hole BRC-07-61 intersected 9.48% Zn, 2.81% Cu, 26.74 g/t Ag and 0.37 g/t Au in massive sulphides over 6.0 metres from 435.00 to 441.00 metres. This hole was drilled 50 metres down-dip from drill hole BRC-07-60 that returned 16.67% Zn, 0.41% Cu, 21.42 g/t Ag and 0.19 g/t Au over 12.05 metres (see news release, November 26, 2007).
Also at Bracemac, BRC-07-62 was drilled 50 metres east of BRC-07-60 and intersected strong pipe alteration and weakly mineralized Key Tuffite. BRC-07-34 was deepened to test the Key Tuffite horizon and intersected pipe alteration 50 metres down-dip and to the east of BRC-07-61. Drilling will continue to test the Bracemac Key Tuffite zone down-dip and to the west of BRC-07-61.
In the McLeod area, revised assays are reported for MC-05-18W7 (see news release, November 26, 2007) that returned corrected results of 18.50% Zn (previously 17.37% Zn) over 11.59 metres in the New McLeod Zone. Assays were also received from MC-05-18W5 that was drilled 50 metres up-dip from MC-05-18 and intersected a thin interval of massive sulphides that returned 11.70% Zn over 0.58 metres. An exploratory drill hole, MC-07-32, was drilled between the New McLeod Zone and the West McLeod Zone. This hole returned strong pipe alteration with 3.17% Zn over 7.6 metres at the Key Tuffite level, 150 metres up-dip and to the west of MC-05-18W4.
All activity at the Matagami Project was suspended on December 17, 2007 for a vacation period and will resume on January 10, 2008, with three drills at Bracemac and McLeod. Results for all unreported holes completed have been received and are reported in Table 1. Additional geological information, including maps and sections, is available at www.donnermetals.com. A total of 83 holes have been completed as of December 17, 2007 for a total of 39,284 metres of drilling since the project began. In 2007, Donner 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.
The Matagami Project has an area of mutual interest of 4,750 square kilometres and presently includes 3,350 mineral claims covering 841 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). 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
TABLE 1 - New Results
1) BRACEMAC AREA
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Key Tuffite Zone,
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UTM Horizon
Location Angle/ name- Core
DDH NAD 83 Direction Mineral Length
(Depth) Zone 18 (True N) Type From To (metres)
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BRC-07-61 307435E, -71 degrees/
(690m) 5506086N 039 degrees KT-MS 435.00 441.00 6.00
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BRC-07-62 307462E, -66 degrees/ Pipe 400.00 418.00 18.00
(599m) 5506043N 034 degrees 454.10 458.50 4.40
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BRC-07-34Ext(i) 307327E, -50 degrees/ Pipe 609.15 640.10 30.95
(738m) 5505793N 027 degrees 649.00 656.60 7.60
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DDH ETW
(Depth) (metres) % Zn % Cu g/t Ag g/t Au
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BRC-07-61
(690m) 6.00 9.48 2.81 26.74 0.37
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BRC-07-62 Pipe Alteration
(599m) No significant assays expected
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BRC-07-34Ext(i) Pipe Alteration
(738m) No significant assays expected
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Horizon: KT equals Key Tuffite.
Mineral Type: MS equals massive sulphides, SM equals semi-massive
sulphides, Pipe equals Alteration Pipe
ETW equals Estimated True Width
(i) Extended from 464.5 to 738.0 metres
2) MCLEOD AREA
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New McLeod Zone
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UTM Horizon
Location Angle/ name- Core
DDH NAD 83 Direction Mineral Length
(Depth) Zone 18 (True N) Type From To (metres)
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MC-07-31 308272E, -76 degrees/
(532m) 5504807N 033 degrees KT-MS In Progress
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MC-05-18W5 308266E, -80 degrees/ KT-MS 891.60 892.18 0.55
(641m) 5504910N 037 degrees 892.18 893.00 0.82
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MC-05-18W7 308266E, -80 degrees/ KT-MS 811.26 822.85 11.59
(935m) 5504910N 037 degrees 836.00 839.50 3.50
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DDH ETW
(Depth) (metres) % Zn % Cu g/t Ag g/t Au
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MC-07-31
(532m)
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MC-05-18W5 0.44 11.70 2.21 36.40 0.01
(641m) 0.66 0.88 6.21 85.6 0.11
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MC-05-18W7 9.27 18.50 0.42 14.52 0.66
(935m) 2.80 0.48 2.93 22.07 0.33
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Horizon: KT equals Key Tuffite.
Mineral Type: MS equals massive sulphides, SM equals semi-massive
sulphides.
ETW equals Estimated True Width
Exploration Step-out
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UTM Horizon
Location Angle/ name- Core
DDH NAD 83 Direction Mineral Length
(Depth) Zone 18 (True N) Type From To (metres)
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MC-07-32 308148E, -68 degrees/
(802m) 5504962N 028 degrees KT 707.80 715.40 7.60
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DDH ETW
(Depth) (metres) % Zn % Cu g/t Ag g/t Au
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MC-07-32
(802m) 6.08 3.17 0.08 5.63 0.22
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Horizon: KT equals Key Tuffite.
Mineral Type: MS equals massive sulphides, SM equals semi-massive
sulphides.
ETW equals Estimated True Width
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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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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INDUSTRY: Manufacturing and Production - Mining and Metals
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Sphinx est une société développant des projet miniers de zinc et de cuivre basée au Canada. Sphinx est en développement de projets de zinc, de cuivre, d'argent et d'or au Canada. Son principal projet en développement est PD1 au Canada et ses principaux projets en exploration sont SOUTH VOISEY BAY, WEST RAGLAN et MATAGAMI au Canada. Sphinx est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 838 700 CA$ (670 585 US$, 638 839 €). La valeur de son action a atteint son plus haut niveau récent le 26 août 2016 à 0,14 CA$, et son plus bas niveau récent le 06 décembre 2022 à 0,01 CA$. Sphinx possède 83 870 000 actions en circulation. |
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