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

To: Ed Pakstas who wrote (6486)	8/3/1998 10:48:00 PM
From: gtr	Read Replies (1) \| Respond to of 11676

The funniest thing about John Paquet's posts is he sounds as if he feels people actually like him(?)!! GTR

To: Ed Pakstas who wrote (6486)	8/4/1998 8:02:00 AM
From: donkeyman	Read Replies (2) \| Respond to of 11676

The only bright spot I see is when you add up all the holes drilled so far this year in SVB, it's still only about 20% at what was drilled at the Eastern Deeps site in Voisey Bay before they hit the jackpot. That new Nickel discovery by Inco announced last week, a bit north of Eastern Deeps, it would be interesting to know how many drill holes it took to strike that one.Any how Major General seems to be in a hot spot in SVB, and if it turns out to be a flop, they have some excellent potential for Diamond's and Gold.

To: Ed Pakstas who wrote (6486)	8/4/1998 7:19:00 PM
From: John Paquet	Respond to of 11676

Ed, It is hard to make any big CD$$$$$ at this period, buy OEX put is was the best in the market place; market is expecting once again, that "black October" events, so this down turn of DOW will carry forward until near October then the best opportunity will be buying OEX calls. If we can not make any CD$$$$ through that penny mining stocks we should use different option or different instruments to make up what we are missing. This mining stocks appear very bearish I could not see any time soon that will turn around yet until that gold hit $300.00 U.S. again, or else I will see lots of working capitals sit in the VSE and ASE or TSE prison cells then we are no longer be able to make any returns of investment or what so ever. Anyway this is my own thinking. Good luck to all!!! John...

To: Ed Pakstas who wrote (6486)	8/4/1998 11:25:00 PM
From: VAUGHN	Read Replies (1) \| Respond to of 11676

Hello All Spoke to DML this evening and was advised as follows: 1. Three holes were drilled the past two weeks on the NAI property. 2. One hole was drilled on the CYP property. 3. The NAI property target as you know was established through the application of the new 42 channel PEM survey method. 4. The CYP property target as you know was established through the older EM survey method. 5. The first NAI hole hit one meter of massive sulphides approx. 100meters down. This was directly in the middle of the PEM survey target. THe other two NAI holes probed around the first intersection hitting semi-massive sulphides in one and graphite in another. 6. The CYP hole hit Peridotite. 7. The partners and brain trust are satisfied that the PEM survey method zero'd in on the massive sulphide and are now resolved to use this method in combination with gravity surveys in a massive survey of the north and south gabros. It is felt that any strong PEM targets occurring immediately above any major gravity lows should indicate massive sulphides occurring in conjunction with thicker gabro units which should increase the likelihood of thicker ore bodies. 8. It is possible that this survey will be completed as early as two weeks from now but there is no guarantee. 9. The partners are of the opinion that any good news in the current market would probably be treated far too casually than it might otherwise warrant. They are resolved therefore to remain prudently methodical and conservatively proceed with their homework, limit their capital burn rate, establish the most promising coincident PEM/gravity low targets with the now substantiated survey method and commence drilling again in two to three weeks, hopefully in a more favourable market mood, that might be more predisposed to assign reasonable share values to exploration success. 10. The drilling window is no where near closing in September and approx. 50% of the Phase I budget is expected to be available for drilling upon completion of the PEM survey. This of course still leaves the Phase II budget in reserve to prove up good intersections. That is all the information I received as I was in a hurry to pick the kids up. Regards