Major General--MGJ Message Board

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Gold/Mining/Energy : Major General--MGJ

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To: Gord Bolton who wrote (1676)	6/3/2002 10:55:51 AM
From: VAUGHN	of 1707

Hello Gord Off The Wire - CMD's SVB partner Thursday May 30, 7:23 pm Eastern Time Press Release SOURCE: Donner Minerals Ltd. via BCE Emergis e-News Services Donner Project Review Vancouver, British Columbia Mr. Harvey Keats, President of Donner Minerals Ltd. (TSX Venture: DML ; Frankfurt Stock Exchange: DNL) provides the following update on the Company's nickel exploration projects. The Company's portfolio of nickel exploration projects will allow for year round exploration for world class nickel deposits. South Voisey Bay Project Work on the South Voisey Bay Project is scheduled to begin on June 15th with the opening of the camp. Line cutting will begin shortly thereafter, followed by surface UTEM in late June and diamond drilling in early July. Diamond drilling in 12-20 shallow drill holes will target untested high quality conductors, located throughout the South Voisey Bay Project area. Initial drilling will focus on high conductance EM anomalies outlined by the 2001 UTEM survey, followed by drilling of high conductance targets interpreted from the reprocessed 1997/1998 DEEPEM data and resolved by the 2002 UTEM surveys. Falconbridge Limited can earn a 50% interest in the entire South Voisey Bay Project by spending $23,000,000 on exploration over a five-year period. Management of the Company is pleased to note that there have been numerous positive developments in the past two weeks for exploration and development in Labrador. Recent reporting indicates that there has been significant progress in the negotiations between Inco and the Government of Newfoundland and Labrador on the development of the Voisey's Bay deposits. Further evidence of this progress is the announcement that Inco's subsidiary, Voisey's Bay Nickel Company Ltd., has finalized Impact and Benefits Agreements with both the Innu Nation and the Labrador Inuit Association. There are also indications that the Canadian Federal Government is prepared to offer substantial financial assistance for the construction of an experimental hydrometallurgical processing plant in Newfoundland. Regards Vaughn

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