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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Supervalue who wrote (11660)	2/5/2004 8:40:56 AM
From: Killick	Read Replies (1) \| Respond to of 11676

Looks like a little action is about to begin. News just out. Wednesday February 4 2004 News Release Mr. Harvey Keats reports DONNER MINERALS LTD.: DRILLING PLANNED FOR STEPHENS LAKE PROJECT Donner Minerals has selected priority areas on its Stephens Lake project in Manitoba for followup ground geophysics and diamond drilling. The priority areas were identified through a 6,200-line-kilometre deep penetrating GEOTEM airborne electromagnetic and magnetic survey flown in the fall of 2003. The upcoming $1-million program is expected to begin in mid-February, and will consist of horizontal loop electromagnetic and magnetic ground geophysical surveys and 3,000 metres of drilling in 10 to 12 diamond drill holes. Drilling is planned for early March and is expected to test 10 distinct target areas. In previous exploration work on the 4,400-square-kilometre Stephens Lake project, both sulphide iron formation and ultramafic rocks have been separately intersected in diamond drilling. Sulphide iron formation and ultramafic rocks are key ingredients in the Thompson nickel belt model. The Stephens Lake project is a joint exploration effort by Donner and Falconbridge Limited focused on exploring the Circum-Superior boundary, northeast of Thompson, for magmatic nickel, copper and platinum group element deposits. The Circum-Superior is host to the Thompson nickel belt and Falconbridge's Raglan deposits, and is one of the key nickel producing belts in the world. Donner is earning a 50-per-cent interest in the Stephens Lake project from Falconbridge by spending $5-million over a five-year period. In accordance with the terms of the Stephens Lake project earn-in agreement, Falconbridge will be participating in an upcoming private placement in the company in the amount of $500,000, as its contribution to the recent GEOTEM survey and the planned 2004 exploration program. I'm picking up a few shares. IMO this project should allow this stock to be pumped to at least 21 or 23 cents. what do you guys think? cheers killick