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

To: Jimsy who wrote (3658)	3/9/1998 10:56:00 PM
From: donkeyman	Read Replies (1) \| Respond to of 11676

Jimsy, that's interesting information those positive cores heading WEST, that's in the direction of MANDORIN . I hope the cores stay positive, and are as long as the Eastern Deeps.!!!!!

To: Jimsy who wrote (3658)	3/10/1998 7:28:00 AM
From: Ed Pakstas	Read Replies (1) \| Respond to of 11676

Jimsey!!! Is that all u got on the DML???? Here's more.... I spent a good 15-20 minutes talking to Harvey Keats (DML's geologist) primarily gettin myself educated...What Harvey told me and showed me on the cross section of the drill holes that Teck has supplied, was that the Gabro is open to the west but that Teck believes that it thickens to the east... This belief is justified by drill hole # 97-92 on the MGJ property... That hole was never completed late last winter due to problems with the drill rig and then weather conditions... They went down to the 374 metre level and they where still in troctolite without hitting the bottom... If one had a copy of the EM Pulse Survey as supplied to me by MGJ yesterday, one would see that approximately 30 metres to the west of hole 97-92 one would see that the survey has picked up "A large conductive body (sulphide rich troctolite) going from approx: the 110 metre level to the 350 metre level... One could very easily say that the drill missed the body by approx 100 metres (which would still be inside the MGJ property but heading eastward into the NAI property)... Mr. Keats further explained that there was no way of determining the depth or shape of this troctolite zone until they start drilling again... It is anticipate that the drill program will start in early to mid April, and is totally dependant on the weather... He further advised that the drilling contracts for Stage 1 have been signed... There will be three drill rigs working the properties and are capable of attaining the 1000 metre levels... It is anticipated that Stage 1 which will cost TECK 6 million dollars and I repeat that it will cost TECK $6,000,000.00 and does not include the pro-rated proportions of the junior partners, will give them approximately 15-20 thousand mtres of drill core... Therefore as per the latest MGJ NR... Message 3651799 the breakdown would be as follows: Total anticipated expeniture: $1,000,000 Teck's % is = to 30% which in turn ='s $300,000 DML's % is = to 30% which in turn ='s $300,000 MGJ's % is = to 40% which in turn ='s $400,000 Which means that Teck still has 5.7 million to spend... In Stage 1 there is also a contigency fund put in place by Teck of 2.4 million... If the spring/summer program justifies further drilling a further 5 million has been set aside by Teck for Stage 2 to be conducted in the Fall... Mr. Keats further confirmed that there will be expenditures on gravity surveys which will link the ones that are already in place on the NAI and the Cypress properties... Gravity surveys will also be conducted to the EAST of the NAI property nothing was mentioned about going southwest... He further stated that there will be continued drilling on the CYP along the southern border of the LAB property and new drill targets will be determined for the DML/Thistle property... One thing to keep in mind is that if Teck says they are going to spend 6 Mill on SVB, then DML has to come up with 3 mill... Therefore, regarding the options granted as The Chief has indicated in post: Message 3653723 If one where to add up the values of these options one would find the following: a)Announced Mar 09 600,000 shares at $1.50 = $ 450,000.00 b)Announced Feb 19 681,040 shares at $1.62 = 1,103,284.80 c)Announced Feb 03 600,000 shares at $1.50 = 450,000.00 d)Announced Jan 29 725,000 shares at $1.44 = 1,044,000.00 e)Announced Dec 17 275,000 shares at $1.19 = 327,250.00 ------------ For a grand total of: $3,374,534.80 IMO one may now justify the volumes that have been trading on the DML to get us to the level that it is today... Please be advised that I am not promoting this or any other company and based on all of my conversations with various people at the PDAC I feel that DML/TECK has nothing carved in stone and I consider the whole of the SVB plays to be stricktly speculative at this point in time as does the DML geologist.... All I'm trying to do is decipher the info that I'm obtaining, voice my own opinion (and I welcome critisizim) and am passing it along... Hopefully we can all make a peso or 2 on some of these plays... Comments are most definitely invited... Onward and hopefully upward... ...ed