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

To: Zardoz who wrote (4433)	5/12/1998 7:25:00 PM
From: wayne cath	Respond to of 11676

$1m exploration program for South Voisey Bay Donner Minerals Ltd DML Shares issued 26,161,058 May 12 close $2.57 Tue 12 May 98 News Release Mr. Harvey Keats reports Donner Minerals has contracted with Labrador International Mining, GlobeNet Resources, and Pallaum Minerals to conduct a $1,000,000 two phase exploration program on two properties at South Voisey Bay, Labrador. Regional geological and gravity surveys will be completed on Adlatok River 1, on the projected extension of the Northern Gabbro, northeast of the Major General and Northern Abitibi properties. Detailed geological and gravity surveys and diamond drilling will be completed on Adlatok River 2, on the southeast portion of the Northern Gabbro. In addition, as a result of incurring certain expenditures and making certain share and cash payments, Donner has exercised its option to earn a 50 per cent interest in the Mandorin claims and a 60 per cent interest in the Major General claims. Both claim blocks are in Donner's South Voisey Bay project and are contiguous to the Donner/Northern Abitibi joint venture. Further to Donner's news release in Stockwatch dated Jan. 27, 1998, the private placement of 1,600,000 units at $1.14 has closed. The shares, and any shares issued upon the exercise of warrants, are subject to a four month hold period commencing Feb. 3, 1998. The funds raised by way of this private placement will be used to further exploration on Donner's mineral properties in the South Voisey Bay area of Labrador. The VSE has accepted for filing documentation with respect to a non-brokered private placement of 400,000 units at $2.25. Each unit consists of one share and one warrant to purchase an additional share for two years at $2.25 in the first year and $2.75 in the second. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Zardoz who wrote (4433)	5/12/1998 8:04:00 PM
From: VAUGHN	Read Replies (2) \| Respond to of 11676

Hello Hutch I don't know, but I will be watching later. Fagan was not shooting DML down in flames. In fact he was touting the quality of their website and their CD. He repeatedly stated this but interestingly, he was not aware that the website now contained everything on the CD. He simply cautioned that there was a large speculative premium on SVB plays in general and DML in particular, but that he thought the play had a great deal of potential and the market's attention. *OFF TOPIC* He did publish quite an extensive analysis of diamond plays and data and seemed to have a slightly better understanding of geochemistry than Kaiser but many subtleties of diamond geochemical prospecting do not seem to be understood by these guys. They try to come across as knowledgeable but lets face it, they have been on a learning curve just like everyone else over the past seven years since Point Lake. Kaiser especially seems to have missed the essential weakness in the geochemical data and geophysical setting in Alberta. Both he and Fagan pinned many of their predictions on the issues of pipe size, number and geological setting. I can't help but wonder how many poor soles have bet the farm on Alberta plays. They may find something there, possibly a high volume low grade pipe, but as I have suggested ever since I reviewed the geochemical data from the early government surveys, the probability is low. If there is another Argyle type deposit, I doubt DeBeers will site back without undercutting the economic of its development. These writers are great at bringing plays and potential promotions to our attention but after that, I think we have to use our noodles. Regards