Donner Minerals: Drilling Begins on South Voisey Bay Project.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 12, 2000 Mr. Harvey Keats, President of Donner Minerals Ltd. (CDNX CDNX See Canadian Venture Exchange (CDNX). :DML A 4GL programming language from Ross Enterprise, the ERP division of CDC Software, Atlanta, GA (www.rossinc.com). DML is the primary scripting and form definition language for its GEMBASE runtime engine. .), reports that diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral has begun on the South Voisey Bay Project. Major General Resources Ltd. is carrying out an initial three-hole, 1800-metre program on the Donner/Major General joint venture property. The Program will target a strong gravity anomaly with a source interpreted to measure 600 metres by 1200 metres. The source of the gravity anomaly may be caused by semi-massive to massive nickel-copper-cobalt sulphides at the base of the thick olivine olivine (ŏlĭv`ēn), an iron-magnesium silicate mineral, (Mg,Fe)2SiO4, crystallizing in the orthorhombic system. gabbro gabbro: see basalt. gabbro Any of several medium- or coarse-grained rocks that consist primarily of plagioclase feldspar and pyroxene. Gabbros are found widely on the Earth and on the Moon. , which underlies much of the SVB (Switched Video Broadcast) See switched video. Project area. Numerous nickel-copper sulphide zones including 15 metres of 1.1% Ni and 0.8% Cu plus 1.1 metres grading 10.5% Ni and 9% Cu have been intersected on the SVB Project within this olivine gabbro. Donner and Major General planned to drill the same gravity anomaly in the aborted 1999 exploration program. Major General is operating this exploration program. The Donner/Major General property is currently held 60% by Donner and 40% by Major General and by funding the program alone, Major General has the right to increase its interest in the joint venture. Although Donner has elected not to participate in the drilling program, the Company is in full support of Major General and their current SVB exploration activities. However, Donner with the support of all of the SVB joint venture partners has concentrated its efforts in advancing the whole SVB Project and to that end has entered into confidentiality agreements with a number of major mining companies in the nickel business. Donner is optimistic that it will be able to arrange for an infusion of new funds and new ideas into the South Voisey Bay Project, especially in light of the recent positive developments at Inco's Voisey's Bay Project. The SVB Project, located 90 kilometres south of Inco's Voisey's Bay deposits, has now been the focus of five years of fieldwork by Donner and its joint venture partners. See attachment for an updated South Voisey Bay Project claim map. ON BEHALF OF THE BOARD OF DONNER MINERALS LTD. Harvey Keats, President NOTE: Location map available from the company at the number(s) listed below or on the CCN CCN Cloud Condensation Nuclei CCN Church Communication Network CCN Conseil Canadien des Normes (Standards Council of Canada) CCN Critical Care Nurse CCN Certified Clinical Nutritionist CCN Community Care Network CCN Cyclin Disclosure website at www.cdn-news.com The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion