Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Le coin des prospecteurs -- Ignore unavailable to you. Want to Upgrade?

To: jpthoma1 who wrote (5351)	8/30/2002 9:58:34 AM
From: Jean East	Read Replies (2) \| Respond to of 40335

Mechante debarque de DML suite aux resultats des forages Donner Minerals Ltd - News Release Donner releases hole SVB-02-141 assay results Donner Minerals Ltd DML Shares issued 48,489,157 Aug 29 2002 close $ 0.24 Friday August 30 2002 News Release Mr. Harvey Keats reports DONNER MINERALS LTD.: SVB PROJECT UPDATE Further to the news in Stockwatch dated Aug. 16, 2002, Donner Minerals has completed five holes on the South Voisey Bay project. The assays received to date for the fifth hole (SVB-02-141) are included in the attached table. No additional assays for holes two through four have been received at this time. SVB-02-141 located on the South Gabbro, was drilled to a total depth of 375.0 metres and intersected the base of the gabbro at 282.1 metres. Numerous semi-massive to massive sulphide veins were intersected between 245.9 and 284.4 metres. The veins are hosted by serpentized ultramafic and quartzite. Selected veins were assayed on a priority basis and nickel grades are less than 1 per cent. Falconbridge is currently reviewing and interpreting all of the results to date and drilling on the project has been suspended. Falconbridge will decide shortly whether to carry out additional field work this season, or to resume geophysics and drilling in 2003. The 2002 exploration program is being carried out and financed by Falconbridge Limited under an agreement whereby Falconbridge can earn a 50-per-cent interest in the South Voisey Bay project. All holes drilled this season have been drilled on the South Gabbro on SVB Nickel Company Ltd. (SVBN) ground. The ownership of SVBN is as follows: Donner Minerals Ltd. 76.69 per cent; Cypress Development Corp. 11.36 per cent; NDT Ventures Ltd. 6.55 per cent; and UC Resources Ltd. 5.40 per cent. In addition to the above, geology and geophysics have been carried out on joint venture ground held by Donner/Northern Abitibi Mining Corp., Donner/Commander Resources Ltd. and SVBN/Pallaum Minerals Ltd. DRILL HOLE SVB-02-141 Interval Mineralization Ni Cu Co (m) (%) (%) (%) 0.25 70% sulphide 0.73 0.23 0.04 0.92 80% sulphide 0.51 0.30 0.03 0.94 80% sulphide 0.61 0.29 0.04 0.40 50% sulphide 0.37 0.28 0.02 0.34 75% sulphide 0.42 0.10 0.03