Donner Minerals (DML.V) Message Board

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

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To: VAUGHN who wrote (4450)	5/13/1998 12:59:00 PM
From: Sam	Read Replies (1) of 11676

this is a news letter from R Struthers SAM Donner Minerals Ltd., DML on VSE May 11 close $2.70 No doubt this will be one of the most widely followed exploration plays this year. The stock is quite expensive but there is heavy bets placed that this will be the next Voisey Bay type discovery. While the risks are high that a discovery will be made, I think the odds are very good that we will see some good drill intersects and this is all that is probably neede to really move this stock. It was just announced that drilling has started on the SVB project. DML, as the SVB project operator,is conducting a $14.8-million, two phase exploration program. Phase 1 will consist of gravity and other geophysical surveys along with 22,500 metres of diamond drilling for $9.2-million. Phase 2, contingent on phase 1 results, will consist of an additional 22,500 metres of diamond drilling for $5.6-million. Three drill rigs are operating under the field supervision of Teck Exploration, which is acting as general contractor during the 1998 season. Two drill rigs are following up 1997 massive sulphide intersections in the North Gabbro on Donner/Northern Abitibi ground and one drill rig is operating in the South Gabbro. Drill results will be reported throughout the program. Northern Abitibi (NAI on Alberta) has moved up as well and could also do very well on any good

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