Ed - this may help
DRILLING PROGRESS,PLANS,SEQUENCE
Firstly it may be helpful to print out or refer to 2 maps (if you don't print out the maps, open up 2 additional Microsoft browsers and put one map in each)
Donner map: donner-resources.com
Cypress map: ninetyeight.com
Helpful for map printing:
1. Press print screen on the Cypress map
2. Open up Windows Paint and paste map into here
3. Now copy just the outline of the map (hold down mouse button and draw a dotted outline around just the map)
4. Paste the map into Corel, Windows draw, or elsewhere and scale it up to 81/2x11, full colour
Presto - you have a beautiful full size colour map that is somewhat more easily readable!
Now for the nitty-gritty:
Drill program started on the NDT/Lattitude/Donner property (the centre block on the Cypress map that is cross-hatched in 3 colours red/purple/blue, then went north to Donner/Northern Abitibi property cross-hatched in blue and beige
There may also have been some work on the Donner properties due west of the NDT/Donner/Lattitude property.
Next or already started is Donner/MAJOR GENERAL (already announced in a press release a few days back by Major General), and a 3rd drill is reported to be going on to a Donner/Cypress Minerals block.
Major General has already done some work on this Sarah Lake property. The Major General property is immediately due east of both the Northern Abitibi property and the Donner/NDT/Lattitude property.
The Cypress mineral block in line for work appears to be one of the 2 blocks on the southeast corner and an area they refer to as Mineral Hill.
Other land positions in the proximity
Labrador International has a property due east of the Donner/NDT/Lattitude property and south of the Major General property. Currently they aren't in the drill program because the deal last summer didn't go through, but negotiations may be renewed in light of recent developments. Labrador International also has several other land packages all shown in green, jv'd with Pallaum and Globe-net. Labrador International is very close to the NDT/Donner/Lattitude property, and also on the northeast side of the Cypress property
Cartaway has a block in brown just southwest of the NDT/Donner/Lattitude property, and one further to the east.
According to the map Birchwood and Curion also are involved in some land packages to the east, also Layfield.
NDT are involved in several land packages in addition to the NDT/Donner/Lattitude property already drilled.
Following are a chronological listing of some of the recent press releases all available at stockhouse.com (in database) relevant to this Harp Lake Development
Oct28/96 Donner announces funding support of Altimira to take 2.8 million flow-through shares at $1.15 for a total of $3.2 million plus another private placement of $1 million.
May8/97 Donner announces jv with Curion
June12/97 Donner announces 97 exploration budget of $5 million and approvals from jv'd partners, in particular the finalization of the agreement with Tech announced on Oct16/96.
July8/97 Donner files documentation wrt the Donner/Tech agreement with the VSE.
Aug22/97 Donner announces drilling has begun on the "core claims".
Aug 25/97 Cypress Minerals reported that a drill program has begun to drill approx 9000 meters over the next 2 months.
Sept17/97 Cypress announces rights offering deal with Canaccord.
Sept23/97 Major General announces drill program and permits for 8 holes with applications in for 3 more holes.
Sept24 NDT announces that they have agreed to a budget increase of $300,000 on the property jointly held with Donner/Lattitude for a minimum of 3 additional holes to follow up on the 7 already drilled.
Plus the last Donner press release of hitting 1.5 feet of 2% Ni, 1%copper
Perspective:
Donner took the lead role here to firstly get adequately financed, make a deal with Teck, a major already familiar with the Voisey Bay area through involvement with Diamond Fields, then set up an amalgamation of jv'd land deals with companies already in the area. The exploration work has proceeded with ground geophysics and is now into a drilling program.
Disclaimer:
The foregoing is not to solicit the buying, selling, or holding of any of the securities mentioned, but rather to provide some background for information purposes which may be helpful to any due diligence process.
It may also be helpful to print out a chart from Canada Stockwatch on each of these companies as there has been some price movements to evaluate.
There seems to be a fairly large program here yet to evolve in the field for at least another month or longer depending on results and the weather. |
