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

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To: wayne cath who wrote (10252)1/20/1999 2:40:00 PM
From: VAUGHN  Read Replies (1) of 11676
 
Hello Wayne

While I appreciate you would like to see something a little more current and specific, don't the following NR's answer the questions about intent to return, when, and when will info be released?

November 18, 1998

VSE Symbol: DML
Project Update
Harvey Keats, President of Donner Minerals Ltd. provides the following progress report for the South Voisey Bay Project. Since commencement of drilling in May some 14,000 meters of drilling has been completed in 37 new holes and 5 deepened holes, with ten holes drilled since the Company's September 23 progress report.

Table 1 of this progress report lists selected assay results from 1997 and 1998 drilling programs and illustrates the variability in the nickel and copper grades and tenor (nickel and copper recalculated to 100 percent sulphide). Four drill holes (97-67, 97-75, 97-97 and 98-131) have nickel tenors greater than 2 percent, several holes have nickel tenors between 1 percent and 2 percent and several holes have nickel tenors less than 1 percent. With the exception of the high grade massive sulphides in the footwall gneisses in 97-75 and 98-131, all of the intersections are contained within widespread blanket mineralization at the base of the gabbro. This flat lying blanket mineralization is highly conductive and is detected by in-loop pulse EM (‘PEM').

In hole 98-131, on the Northern Abitibi/Donner joint venture, high grade semi-massive sulphides were encountered at the base of the gabbro (4.5 percent Ni, 2.6 percent Cu, 0.28 percent Co over 0.2 m) and massive sulphides in the footwall gneiss (3.4 percent Ni, 0.5 percent Cu, 0.46 percent Co over 0.3 m). These results and the variability in nickel grade and tenor encourages management to continue to explore for thicker high grade mineralization throughout the South Voisey Bay Project. Management believes results to date demonstrate that the project has the potential to host a high grade nickel-copper sulphide deposit comparable to Voisey's Bay.

The ongoing PEM geophysical survey is nearing completion. The original regional gravity survey coverage is now complete. Additional traverses of regional gravity are being carried out on the eastern portion of the South Voisey Bay Project to extend coverage to the suture zone (figure 1).

Work in the suture area, including limited drilling, has encouraged the Company to plan a systematic exploration program for this region in 1999, in addition to continued exploration in the North Gabbro and South Gabbro and extensions beneath the overlying gneisses.

It is expected that drilling will continue with one drill rig on the South Voisey Bay Project until mid- December, with additional holes to be drilled on the Donner/Northern Abitibi, Donner/Major General and Donner/Cypress joint ventures. Donner will also be drilling, as contractor, on ground held by the Labrador Nickel Syndicate. Upcoming drilling will continue to test PEM anomalies and extensions to known favorable geology.

Joint Venture Drill Hole # Angle End of Hole (m) Gabbro Gneiss Contact (m) From (m) To (m) Interval (m) Nickel % Copper % Cobalt % Sulphur % Nickel 100% Sulphides Copper 100% Sulphides
NAI/DML 97-67 -450 216.4 180.6 176.2 176.5 0.3 1.72 1.59 0.22 32.7 2.02 1.87
          178.9 179.5 0.6 1.97 1.03 0.25 33.8 2.24 1.17
          180.3 180.4 0.1 1.39 0.77 0.17 28.1 1.91 1.06
NAI/DML 97-75 -900 246.9 163.9 176.8 177.9 1.1 11.6 10.2 0.41 26.7 15.14 13.31
NAI/DML 97-76 -900 243.8 167 163.2 163.4 0.2 0.48 0.16 0.12 30.4 0.61 0.21
CYP/DML 97-79 -900 999.7 758.1 729 740.5 11.5 0.38 0.28 0.06 11.3 1.29 0.97
NAI/DML 97-87 -900 226.5 125.1 122.1 122.5 0.4 0.46 0.26 0.11 21.6 0.83 0.47
NAI/DML 97-88 -500 350.5 171.5 150.9 151.4 0.5 0.39 0.4 0.09 24.9 0.61 0.63
          153.6 154.1 0.5 0.35 0.32 0.08 19.3 0.71 0.63
NAI/DML 97-93 -900 256.8 192.4 192.2 192.4 0.2 0.47 0.2 0.1 22.5 0.81 0.35
NAI/DML 97-95 -900 185 108.6 108 108.6 0.6 0.5 0.32 0.18 28.1 0.69 0.45
NAI/DML 97-96 -590 397 200 184.3 200 15.7 1.13 0.78 0.2 32.7 1.34 1.03
NAI/DML 97-97 -900 231.6 162.3 158.9 161 2.2 0.71 0.65 0.08 12.8 2.15 2.04
NAI/DML 98-98 -900 262.1 166.1 164.9 166.1 1.2 0.77 0.4 0.12 21.3 1.4 0.72
NAI/DML 98-101 -900 273.1 171 170.1 171 0.9 0.75 0.78 0.14 21.3 1.36 1.41
NAI/DML 98-102 -900 274.6 183.2 179.8 181.1 1.3 0.75 0.49 0.17 33.3 0.88 0.57
          182.3 183.2 0.9 0.66 0.45 0.15 28 0.91 0.63
NAI/DML 98-103 -900 270.4 176.8 167 168.2 1.2 0.62 0.42 0.13 19.3 1.25 0.84
NAI/DML 98-104 -900 447.8 158.9 160.8 162 1.2 0.53 0.75 0.07 11.6 1.75 2.47
MGJ/DML 98-107 -600 547.7 262.8 258.3 258.5 0.2 0.9 0.9 0.16 26.2 1.32 1.32
MGJ/DML 98-109 -600 559 357.8 357.1 357.8 0.7 0.33 0.6 0.05 8.7 1.44 2.65
CYP/DML 98-110 -900 597.1 316.4 316 316.4 0.4 0.18 0.23 0.08 22.5 0.31 0.4
NAI/DML 98-113 -900 213.1 100.4 99.8 100.4 0.6 1.05 0.74 0.22 34.1 1.19 0.83
NAI/DML 98-116 -900 208.2 122.5 122.3 122.5 0.2 0.97 0.65 0.13 19.6 1.91 1.27
NAI/DML 98-117 -900 158.5 83.2 83 83.2 0.2 0.62 0.33 0.16 31.5 0.76 0.4
NAI/DML 98-118 -900 227.4 171.5 170.6 170.7 0.1 0.36 0.36 0.1 22.3 0.62 0.64
MGJ/DML 98-121 -900 182.3 131.4 129.7 131.4 1.7 0.43 0.33 0.14 24.8 0.68 0.51
          132.6 133.1 0.5 0.57 0.22 0.17 27.6 0.8 0.3
NAI/DML 98-130 -480 350.3 209.9 208.8 209.9 1.1 0.99 0.65 0.13 22.1 1.73 1.14
NAI/DML 98-131 -900 289.3 197.4 197.2 197.4 0.2 4.49 2.6 0.28 19.1 8.68 5.03
          207.7 208 0.3 3.44 0.5 0.46 36.2 3.64 0.53

ON BEHALF OF THE BOARD OF DONNER MINERALS LTD.

Harvey Keats
President

Regards and Good Luck
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