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

To: Sam who wrote (6094)	7/18/1998 9:33:00 AM
From: mineman	Respond to of 11676

SMOKESCREEN MASKS POTENTIAL PROJECT-KILLING RESULTS OF LESS THAN .3% NICKEL ! Talk of "anomalous concentrations of nickel" and "significant thickness of massive sulphides within feeder dykes" masks the fact that 16 completed deep holes intersected only low nickel and copper values around previous high grade hole 97-96 and in previously untested areas, which takes away much potential for intersecting a high-grade nickel concentration, and which may induce Teck to walk from the project. NORTH GABBRO: Disseminated sulphide concentration occurs at the base of most Gabbro units in Labrador, but does not mean nickel and copper will be more than .2% over narrow intervals, which is what 1997 holes most likely intersected. NORTHERN ABITIBI: Hole 97-96 (10% nickel, 10% copper in a vertical .3 meter wide fracture in gneisses just below gabbros) was tested with 6 deep holes that did not intersect any similar grades, for anything over .5% nickel would have been reported. Thin units of semi-massive to massive mineralization are reported within and at the base of the gabbro, which most likely means uninteresting pyrrhotite with only minor nickel values. If just one of these 6 holes had encouraging nickel values, grid pattern drilling would have been started, but instead the drill was moved west and 4 holes were drilled to test gravity anomalies. MAJOR GENERAL: 3 holes tested the gabbro units with no nickel values high enough to report. Hole 96-107 (to 547 m.) had expected disseminated sulphides with low nickel grades at the base of the olivine gabbro, and the one .2 m wide massive sulphide zone had only low non-reportable nickel and copper values. Donner are so starved for positive news they have interpreted barren vertical gabbro dykes in the gneisses as "possible conduits for nickel-copper sulphides," when conduit dykes are rather olivine rich rocks with strongly disseminated clots of nickel and copper. Focus is said to now be for thick massive sulphides at the base of the olivine gabbro and within feeder dykes as if this is some new revelation when it has been the focus of exploration from the start of the program. Without nickel and copper values Donner are using all types of smokescreens. CYPRESS: Hole 97-79 (deepened to 1,000 m.) intersected 11.5 m. of semi-massive magmatic sulphides which probably means the interval has pyrrhotite without nickel or copper values over .3%, for higher assays would have been reported. Once again "multiple interpreted feeders" are mentioned to draw attention away from the fact no reportable nickel values were intersected. Donner should be asked one question: Insiders know all the assay results, so why can't investors see them? Their release would answer almost all questions to this point in the program!