snd.v getting a boost from Donner news..... nice both ssl & snd higher on good news.....
Donner aims to reach McLeod zone by early 2013
2012-02-22 08:09 ET - News Release
Mr. Harvey Keats reports
DONNER METALS LTD.: DEVELOPMENT TO REACH THE MCLEOD ZONE A YEAR AHEAD OF SCHEDULE
Donner Metals Ltd. has provided an update on positive changes to the development plan for the Bracemac-McLeod mine as reported to the company by partner and project operator Xstrata Canada Corporation-Xstrata Zinc Canada division. Following on Xstrata Zinc's objective to continuously improve the development plan at Bracemac-McLeod, the mine design has been revised to access the McLeod zone with two ramps by early 2013 as opposed to late 2013 under the original plan. This change will be accommodated within the existing development budget and reschedules production from McLeod to commence in late 2013 as opposed to mid-2014 under the original schedule. The new development plan improves the overlap and timing of production from both the Bracemac and McLeod zones.
With underground drilling scheduled to start at Bracemac by mid-2012, this important change to the mine plan will also provide access a year earlier for both delineation and exploration drilling on both the McLeod zone and the McLeod Deep deposit. The objective of the underground drill program at both areas is to expand resources and to bring the McLeod Deep deposit into the mine plan as soon as possible.
Once access is available at McLeod, delineation drilling will be focused on the West McLeod zone (160,000 tonnes grading 2.17 per cent zinc, 2.63 per cent copper, 23.76 grams per tonne silver, 0.19 g/t gold) and the McLeod Deep zone (2.47 million tonnes grading 9.21 per cent zinc, 1.22 per cent copper, 39.81 g/t silver, 1.12 g/t gold). Both zones are currently in the inferred mineral resource category with favourable potential for additional mineralization. Underground exploration drilling will also be focused on the potential for expansion of mineralization beyond known mineral resources and mining reserves, for example DDH MC-08-45 located 250 up dip from the McLeod mining reserves returned 8.09 per cent zinc, 2.35 per cent copper, 5.64 g/t silver, 0.26 g/t gold over 6.35 metres (from 268.9 m to 275.3 m) which is not currently in any resource category.
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