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Gold/Mining/Energy : Donner Minerals (DML.V)
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To: Karl Zetmeir who wrote (1794)12/9/1997 11:57:00 AM
From: Kent C.  Read Replies (2) of 11676
 
This is what Andrew put out this morning:

from canaccord.com

DONNER RESOURCES (DRZ : VSE : $2.50 : Issued 26M; 32M f.d.) NORTHERN
ABITIBI MINING (NAI : ASE : $1.62 : Issued 25.6; 31.8M f.d.) On the
last scheduled hole of the season, the Teck-operated drill program in
South Voisey's Bay has intersected 15.7 m of massive sulphide
mineralization. Drill hole 97-96 is on the Northern Abitibi claims
50%), in which Teck and Donner will split the other 50% interest. The
Donner-Northern Abitibi joint venture forms part of the South Voisey's
Bay Project, located 90 km south of Inco's Voisey's Bay deposit. Hole
97-96 is located 200 m southwest of Hole 97-75 (1.1 m interval of
massive sulphides within the basement gneisses grading 11.8% nickel
and 9.7% copper), and 470 m west of Hole 97-67 (grades ranging from
1.4-1.9% nickel and 0.8-1.6% copper). Hole 97-96 encountered the
massive sulphide mineralization from 184.3 m to 200.0 m at the base of
the olivine gabbro/troctolitic intrusion. Drilling continues within
the basement gneisses to test possible extensions of the
mineralization encountered in Hole 97-75. Assay results for Hole
97-96 should be available early next week.

This drill intersection is the most significant in the Voisey's Bay
area since Diamond Fields hit the now famous ovoid in 1994.
Information is not yet available on other holes that may have been
drilled in the area, and we are unsure of the start-up date for
drilling in 1998. We expect the Company will provide this information
along with the assays on Hole 97-96 next week. (Andrew Muir, Canaccord
Research).
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