Bei einem Übernahmepreis von 90 Milliarden Dollar für Xstrata sollten doch
wohl 30 bis 50 Mio für Donner drin sein ;-) Aktuelle MK 15 Mio.
Donner has been featured in Canaccord's 2008 Special Edition wish list
www.stockhouse.com/bullboards/...=17647772&t=0&all=0&TableID=0Junior Mining Weekly | 11
19 December 2007
DONNER METALS LTD.
(DON : TSX-V : C$0.48)
Wendell Zerb
Adam Melnyk (Associate)
Donner Metals is a junior exploration company that has an option and JV arrangement with Xstrata Zinc Canada on the
Matagami VMS Camp in Quebec. The Matagami project comprises 4,750 square kilometres and presently includes 350
mineral claims covering 841 square kilometres. Donner has the option to earn a 50% interest in the Matagami project by
incurring $20.0 million in expenditures on exploration and development before May 31, 2011. Specifically, Donner must
incur a minimum of $4.0 million a year in exploration (spent $8 million to date) and, in the event of a discovery, a
further $5.0 million to establish an Inferred resource. Upon the expenditure of $20 million by Donner, five separate joint
ventures will be formed, covering the property and the area of interest. In each of the five joint venture areas, Xstrata
Zinc has the option to earn back a 15% interest in such area by incurring up to $20 million on a feasibility study. As part
of the agreement, Donner has also agreed to issue Xstrata 1.0 million shares.
The Matagami Mining Camp is host to 18 known VMS deposits including 10 past producers of varying size such as the
Mattagami Lake deposit (25.64 million tonnes of 8.2% Zn, 0.56% Cu, 20.91 g/t Ag, and 0.41 g/t Au) discovered in 1957
and mined from 1963 to 1988. The area is host to historical production of 8.6 billion lb of Zn and 853 million lb of Cu. It
has established infrastructure, including the town of Matagami, railway, road, and a 2,350 tpd mill owned by Xstrata.
Follow-up on an EM survey in 1999 led to the latest discovery in the camp, the Perseverance deposit. Xstrata has
published a Measured and Indicated Resource at Perseverance of 5.2 million tonnes of 15.82% Zn, 1.24% Cu, 29.00 g/t
Ag, and 0.38 g/t Au.
Donner has used Xstrata’s (Falconbridge) extensive historical database and new deep-penetrating 3D airborne
geophysics to identify new targets in the belt. The company has been successful in intersecting new zinc- and copperbearing
massive sulphides at Bracemac and McLeod on the Matagami project. Within the Matagami camp,
mineralization is commonly associated with a stratigraphic horizon known as the Key Tuffite. Donner has intersected
mineralization higher in the stratigraphy, opening the potential for new zones of mineralization in the area. Drilling is
continuing to test this new stratigraphy as well as the Key Tuffite horizon. Additional drilling is required to outline the
potential at Bracemac and throughout the project area; however, given the outstanding infrastructure, we believe
discoveries of even modest tonnage could have excellent development potential. The company expects that additional
property scale work will continue and that new gravity geophysical targets could represent significant accumulations of
metal in this established VMS camp.
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