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Gold/Mining/Energy : Commander Resources Ltd -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (4)	4/25/2003 2:31:41 PM
From: VAUGHN	Read Replies (1) \| Respond to of 169

*SVB News Release* Donner Minerals Ltd (C-DML) - News Release Donner begins surveying at South Voisey Bay Donner Minerals Ltd DML Shares issued 56,313,874 Apr 23 2003 close $ 0.17 Thursday April 24 2003 News Release Also Falconbridge Ltd (C-FL) News Release Mr. Harvey Keats reports SVB PROJECT AIRBORNE GEOPHYSICS UNDERWAY A 2,200-line-kilometre MegaTEM survey has begun on the eastern half of Donner Minerals' South Voisey Bay project. MegaTEM is a deep penetrating airborne electromagnetic and magnetic survey. The survey is designed to detect conductors to a depth of 300 metres to 400 metres on a virtually unexplored portion of the property, which has only been covered by a shallow-penetrating (less than 100 metres) electromagnetic and magnetic survey by helicopter. This portion of the property is prospective for nickel sulphides associated with blind olivine gabbro intrusive bodies and related feeder systems. The MegaTEM survey will be followed by widely spaced AMT electromagnetic ground geophysics on selected areas of the property to explore for nickel-bearing massive sulphides associated with known olivine gabbros and their related feeder systems. A newly developed ground electromagnetic sensor, known as the SQUID B-field sensor, will be used in conjunction with the Crone 24-bit time-domain electromagnetic system on selected areas of the property, where there are known high-grade massive sulphides. This technology was developed specifically for Falconbridge Ltd. and has been successful at discriminating high-conductance nickel-bearing sulphides at much greater depths relative to conventional time-domain electromagnetic technology. The objective of the survey is to locate larger bodies of high-grade massive sulphide associated with steeply dipping feeder systems beneath the relatively flat lying olivine gabbro sills. The SQUID system will also be used to locate more accurately any MegaTEM and AMT electromagnetic anomalies. Weather permitting, the AMT and SQUID surveys are expected to begin by mid to late June. Any high priority anomalies will be selected for diamond drilling. The 2003 program is being carried out by Falconbridge. Falconbridge can earn a 50-per-cent interest in the entire South Voisey Bay project by spending $23-million on exploration over a five-year period. Falconbridge had spent approximately $2.3-million by the end of 2002 and is required to spend an additional $1.7-million in 2003 to maintain its option. There are four ownership blocks in the South Voisey Bay project: the wholly owned SVBN property; the Donner/Northern Abitibi joint venture property; the Donner/Commander joint venture property; and the SVBN/Pallaum Minerals joint venture property. The ownership of SVBN is as follows: Donner Minerals -- 76.69 per cent; Cypress Development -- 11.36 per cent; NDT Ventures -- 6.55 per cent; UC Resources -- 5.40 per cent. Donner has a 52-per-cent interest in the Donner/Northern Abitibi joint venture property and Donner has a 52-per-cent interest in the Donner/Commander joint venture property. SVBN has a 75-per-cent interest in the SVBN/Pallaum joint venture property. Regards