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

To: Ed Pakstas who wrote (3908)	4/3/1998 7:59:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 11676

$2.5 million exploration program planned for Sarah Lake Donner Minerals Ltd DML Shares issued 26,161,058 Apr 3 close $2.48 Fri 3 Apr 98 News Release See Major General Resources Ltd (MGJ) News Release Mr Glenn Shevchenko reports The joint venture partners have approved a $2.5 million exploration program for the Sarah Lake property which is an integral part of the Labrador based South Voisey Bay project that is operated by Donner Minerals. The overall exploration budget for the South Voisey Bay project has been increased to $14.7 million with approximately 17% of the budget developed to the company's property. The 1998 exploration program will consist of two phases with phase 1 consisting of 4,000m of diamond drilling and geophysical surveys while phase 2 will consist of a further 4,000m of diamond drilling. The phase 2 program will be contingent upon favourable results from the first phase. The geophysical program will consist of a gravity survey (400 by 400m spacing) covering over 90% of the property along with electromagnetic surveys. A number of test EM surveys will be conducted over areas of known mineralization to determine the geophysical technique that best defines the drill targets. Once resolved, then the surveys will be expanded to cover the favourable trends. The company's property is adjacent to the Donner/Northern Abitibi claims where three drill holes intersected Voisey Bay-style massive sulphide mineralization, including the final drill hole of 1997 which intersected 15m of massive sulphide grading 2% combined nickel-copper. The mineralization in these drill holes, which are approximately 1km west of the Sarah Lake property, is hosted in a black troctolite unit that extends eastward onto the company's ground. Data from the two holes (SVB97-90 and 92) that were drilled on Major General's ground indicate a thickening of this mineralized troctolite onto the company's claims. Furthermore, the down-hole electromagnetic survey on drill hole SVB97-92 has defined a strong off-hole conductor that is interpreted to be approximately 100m in thickness. The property is jointly owned by Major General (40%) and Donner (60%) with Teck Corp retaining the right to earn 50% of Donner's interest. Drilling on the South Voisey Bay project is expected to begin in early May. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com