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
Tags: #mining, #smallcapstocks, $TSXV