Agoracom Blog Home

Archive for the ‘zinc’ Category

Donner’s Bracemac-Mcleod Mine Development Continues on Target: Pre-Production to Commence Jan 2013 *sponsor*

Posted by AGORACOM-JC at 10:57 AM on Tuesday, November 20th, 2012

Donner recently provided a development update for the Bracemac-McLeod Mine and an exploration update for the Matagami Project as reported to the Company by partner and project operator Xstrata Canada Corporation-Xstrata Zinc Canada Division.

Bracemac-McLeod Development:

  • Development, now standing at 6,430 metres, has reached the Bracemac Main and the Bracemac KT zones and development in ore has already started at the Bracemac Main zone.
  • Ramping continues at Bracemac and in the two ramps to McLeod. There are now 25,000 tonnes of ore in the stockpile on surface from the Bracemac Main Zone.
  • Pre-production activities will commence in January with the objective of having 3 months of ready-to-blast ore to supply the mill at 3,000 tonnes per day early in the second quarter of 2013.
  • Equipment and buildings are being moved from Persévérance to Bracemac-McLeod in preparation for the transition to production from Bracemac-McLeod.

McLeod Deep Drill Program:

Donner and Xstrata have completed planning of an aggressive 35,000 metre drill program on the McLeod Deep Zone discovery that is currently estimated to contain Inferred Mineral Resources of 2.47 million tonnes grading 9.21% zinc, 1.22% copper, 39.81 g/t silver and 1.12 g/t gold (65% Xstrata, 35% Donner). Drilling will be conducted by multiple wedges from seven new pilot holes. The program will consist of both definition and exploration drilling designed to meet the following objectives:

  • Meet the 50-metre drill hole spacing criteria for the estimation and classification of the McLeod Deep Zone as an indicated resource.
  • Assess the continuity and distribution of gold grades within the base metal sulphide mineralization.
  • Identify possible extensions of mineralization to the southeast, northwest and down-dip.
  • Confirm the presence of mineralization between the McLeod Deep Zone and the bottom of the McLeod Zone, which is currently under development.

Recent Interviews and Presentations

Donner Metals Goes Beyond the Press Release to discuss recent Results.

Cambridge House Presentation

September 2012

Corporate Website / AGORACOM Hub

Bracemac-Mcleod Continues on Target, Exploration Drilling Intersects 2.83% Copper, 13.09 g/t Silver and 0.13 g/t Gold Over 19.35 Metres

Posted by AGORACOM-JC at 3:40 PM on Tuesday, October 2nd, 2012

The company recently reported on exploration results for drilling conducted in the vicinity of the Bracemac-McLeod Deposit and within the 4,737 square kilometre Matagami Project as reported to the Company by partner and project operator Xstrata Canada Corporation-Xstrata Zinc Canada Division.

Renewed exploration diamond drilling up-dip from the McLeod Zone has discovered new copper mineralization within a laterally extensive chlorite alteration zone, including 2.83% copper over 19.35 metres intersected in hole MCL-12-16, drilled 45 metres up-dip from previous drilling on the McLeod Zone. Two drills are currently active on the project.

The Donner – Xstrata team discovered the proven and probable mining reserves of 3.73 million tonnes grading 9.60% zinc, 1.26% copper, 28.25g/t silver and 0.43g/t gold that support an initial 4 year mine plan. In close proximity to these reserves are inferred resources of 2.63 million tonnes grading 8.78% zinc, 1.31% copper, 38.83g/t silver and 1.06g/t gold. Mineralization is open in many parts of the deposit and exploration potential is considered excellent. Relative interests in the deposit are Donner 35% and Xstrata 65%.

Donner Metals Goes Beyond the Press Release to discuss recent Results.

Cambridge House Presentation – September 2012

Corporate Website / AGORACOM Hub

AGORACOM Client Feature – Donner Metals Ltd. (DON: TSX-V)

Posted by AGORACOM-JC at 11:28 AM on Thursday, March 22nd, 2012

DON: TSX-V

Donner Metals Ltd. is a Canadian development and exploration company focused on base and precious metal projects in Québec. Donner’s flagship project is a partnership with Xstrata Canada Corporation in the world-class Matagami Mining Camp district, covering both the current development of a new mine and on-going exploration activities. The area is host to historical production of 8.6 billion pounds of zinc and 853 million pounds of copper since 1963. The Matagami project is located in the Abitibi region of central Québec and it is supported by Xstrata’s existing mine infrastructure, a highly experienced workforce and an operating 2,950 tonne per day mill. As well, the area is serviced by highway, power, airport, railway and town site infrastructure. The Bracemac-McLeod deposit is located 6 kilometres from Xstrata’s Matagami mill complex. Mineral concentrates produced in Matagami are processed and refined at Xstrata’s facilities in Rouyn – Noranda and Montreal.

Bracemac-McLeod Mine

  • 35% Donner, 65% Xstrata Zinc
  • Production scheduled for January 2013
  • Initial mine life of 4 years on current mining reserve (diluted) of 3.73 million tonnes grading 9.60% zinc, 1.26% copper, and 28.25g/t silver and 0.43g/t gold
  • Positive ROR at base case = $0.80Zinc, $2.50 Copper

Mine Expansion

  • + 2.5 million tonnes in upside highgrade inferred resources identified
  • Inferred resources are open with high exploration potential
  • Numerous high-grade intersections outside of current resource envelope

The main access ramp reached 2,300 metres at Bracemac in early December, in advance of the scheduled year-end target, allowing full multi-face development to begin later in January. Total development now stands at 2,500 metres, including the main ramp to McLeod, three ramps turned off to the Bracemac Zones, and a turn-off to the backfill raise. The backfill raise, when completed, will be used as temporary ventilation until the ventilation raise is completed in the fall of 2012. Multi-faced development will now continue to the Bracemac Zones and the in the main ramps accessing the McLeod Zone.

VIEW Bracemac-McLeod Feasibility Report on SEDAR

Corporate Website / Hub on AGORACOM

VIDEO: Small-Cap Skype Interview – Donner Metals Talks $20M Financing And Zinc / Copper Mine Status

Posted by AGORACOM at 6:48 PM on Thursday, September 1st, 2011

I’m happy to present our latest installment of AGORACOM Via Satellite, a production in which we speak to management of small-cap companies that have just released important news to further discuss their developments for the benefit of shareholders and prospective investors.

The company we are talking with today is Donner Metals  (DON:TSXV) ( HUB) ( WEBSITE ) and our guest is Dave Patterson, Chairman of Donner Metals.  Given the number of times Patterson has appeared via video on AGORACOM over the last 18 months, It’s hard to argue with the fact that he is amongst the best small-cap executives when it comes to giving his shareholders and prospective investors in-depth corporate updates

DISCUSSING RECENT FINANCING, MINE STATUS, BASE METALS PRICES AND DWINDLING ZINC MINES

This summer has provided extreme macro volatility stemming primarily from sovereign debt issues in both Europe and the USA.  As a result, small-cap companies across the board have taken a hit to their share prices as investors fled to safety, including cash.  Donner has been no exception but Dave is here to set the record straight and let the market know that a recently completed financing has the company on schedule to be in production by Q1 2013 along with partner, Xstrata Zinc.  Patterson believes the timing could not be better, as many major zinc mines will be coming off-line in and around the time Donner / Xstrata commence production.

If you believe in the future of base metals and their inevitable demand out of developing countries, then you should be continually conducting DD to find the next great small-cap base metals company.  This Skype interview will go a long way towards beginning your DD on Donner Metals.  So whether you’re a shareholder or prospective shareholder, grab your coffee, sit back and hit play.

Finally, as I have said all along, anytime an officer of a small-cap public company is willing to make himself available for a video interview about his company (let alone multiple interviews provided by Patterson), it sends me a strong signal about his confidence and outlook.  After all, this is Web 2.0 and Skype interviews posted on blogs, forums and YouTube don’t go away.

* DISCLOSURE - Donner Metals is not a client of AGORACOM; AGORACOM has not received any payment for this interview; Neither AGORACOM nor its principals own shares in Donner Metals … but I am personally considering making long-term purchases.

CLICK THE IMAGE TO BE TAKEN TO THE INTERVIEW