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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: Ed Pakstas who wrote (4151)4/20/1998 7:25:00 PM
From: Ed Pakstas  Read Replies (2) of 11676
 
Hokay Ladies and Gents... I just got off the phone with someone at DML... A question came up (on one of the other SVB threads) re: Why DML/Teck was not conducting more down hole EM Geophysics... The answer is "They got froze out late last fall and couldn't complete all the ones they wanted to do"... Rest assured there are going to be tons of them down hole EM Geowhatevers done this year...

A sample of the one on the Major's property that's causing all kinds of excitement can be located here:

members.xoom.com

(Give a minute or two to download...)

Further info... DML/Teck have been flying in crews, equipment and supplies via ski plane for the last couple of weeks... They would like to get as much equipment in there via plane in order to keep the helicopter costs down... (apparently choppers cost about 10 times as much)... Drilling is expected to begin by the end of the first week of May...

Drilling contract negotiations with the LAB/GBR/PLM (LNS) JV are almost complete and are expected to be announced shortly...Gravity surveys are on tap and a priority as some of the "Hot Spots" spill over onto the LAB property from the CYP property...

It is anticipated that we shall see a NR from DML regarding a complete breakdown of budgets on all JV partners and the work that will be conducted on each property...

That's all I can remember for now...

...ed
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