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

To: Karl Zetmeir who wrote (1794)	12/9/1997 11:42:00 AM
From: Buckey	Respond to of 11676

The easy way would be for her to state publically what time the cores were pulled and then for her to come over here and reveiw each and every post on DML, NAI and to also review Stockhouse because that is what I think she is referring to. Stockhouse is on PST and SI on EST. She may have thought the SH post was EST. Nonetheless she and the reporter should verify their facts and then publish a retraction in tomorrow's paper. Maybe that reporter would be better off trying to find out who was willing to pay a 50% premium on Friday for a stock with no news.

To: Karl Zetmeir who wrote (1794)	12/9/1997 11:57:00 AM
From: Kent C.	Read Replies (2) \| Respond to of 11676

This is what Andrew put out this morning: from canaccord.com DONNER RESOURCES (DRZ : VSE : $2.50 : Issued 26M; 32M f.d.) NORTHERN ABITIBI MINING (NAI : ASE : $1.62 : Issued 25.6; 31.8M f.d.) On the last scheduled hole of the season, the Teck-operated drill program in South Voisey's Bay has intersected 15.7 m of massive sulphide mineralization. Drill hole 97-96 is on the Northern Abitibi claims 50%), in which Teck and Donner will split the other 50% interest. The Donner-Northern Abitibi joint venture forms part of the South Voisey's Bay Project, located 90 km south of Inco's Voisey's Bay deposit. Hole 97-96 is located 200 m southwest of Hole 97-75 (1.1 m interval of massive sulphides within the basement gneisses grading 11.8% nickel and 9.7% copper), and 470 m west of Hole 97-67 (grades ranging from 1.4-1.9% nickel and 0.8-1.6% copper). Hole 97-96 encountered the massive sulphide mineralization from 184.3 m to 200.0 m at the base of the olivine gabbro/troctolitic intrusion. Drilling continues within the basement gneisses to test possible extensions of the mineralization encountered in Hole 97-75. Assay results for Hole 97-96 should be available early next week. This drill intersection is the most significant in the Voisey's Bay area since Diamond Fields hit the now famous ovoid in 1994. Information is not yet available on other holes that may have been drilled in the area, and we are unsure of the start-up date for drilling in 1998. We expect the Company will provide this information along with the assays on Hole 97-96 next week. (Andrew Muir, Canaccord Research).

To: Karl Zetmeir who wrote (1794)	12/9/1997 12:06:00 PM
From: Kent C.	Respond to of 11676

Here's what the Financial Post said about Donner... from canoe.ca Tuesday, December 9, 1997 Find near Voisey's lifts two juniors By JOHN GREENWOOD and PETER KUITENBROUWER The Financial Post Shares in Donner Minerals Ltd. and Northern Abitibi Mining Corp. more than doubled yesterday after the companies said they have found "massive mineralization" at a site near Voisey's Bay, Nfld. Shares in Vancouver-based Donner (DML/VSE) closed at $2.50, up $1.27. Calgary-based Northern Abitibi (NAI/ASE) closed at $1.62, up 87›. Trading in the shares of both companies was halted on Friday after officials noticed an unexplained spike in trading volume, then resumed yesterday morning. A spokeswoman for Northern Abitibi said volume jumped on rumors of the find that began circulating on the Internet on Friday. Donner and Northern Abitibi are involved in a joint exploration project on a property about 90 kilometres south of Inco Ltd.'s massive Voisey's Bay nickel discovery. According to the release, issued yesterday, geologists at the Labrador site found 15.7 metres of sulphide mineralization. While calling it the most significant piece of mineralization to be found since the Voisey's Bay find, Donner CEO David Patterson cautioned that "it's a little early to talk about what might be there." Analyst Andrew Muir of Canaccord Capital Corp. urged caution. "This is not a discovery yet and I wouldn't extrapolate from this hole." Northern Abitibi spokeswoman Lesley Hayes said the rumors started almost as soon as geologists pulled the core samples on Friday. "But I don't know how the rumors got started," she said. "You tell me and we'll both know." Northern Abitibi CEO Glen Harper was travelling and could not be reached for comment. Trading in the shares of Golden Rule Resources Ltd., which owns 32% of Northern Abitibi, was halted yesterday morning and will resume today, said TSE spokesman Steve Kee. Golden Rule shares were not halted Friday because the volume didn't jump until yesterday. The stock (GNU/TSE) closed Friday at 70›, up 12›. The Alberta Stock Exchange said a software program alerted officials to Friday's heavy trading in Northern Abitibi. The exchange halted the stock after it jumped 25› to 75› on a volume of 216,400 shares. At the same time the Vancouver Stock Exchange halted trading of Donner when shares rose 38› to $1.23 on a volume of 625,300 shares. The two companies are 50% partners in the South Voisey's Bay property. "There is a huge audience with this on their radar screen looking for another Voisey's Bay," said analyst Muir.