Donner Minerals Ltd.: Falconbridge Continues With South Voisey Bay.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 18, 2002 Mr. Harvey Keats, President of Donner Minerals Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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. ) (FRANKFURT:DNL DNL Day-Night Average Sound Level DNL Differential Non-Linearity DNL Daily News Live DNL Department of National Lotteries (Ghana) DNL Delete to New Line ), is pleased to report that the Company has received confirmation from Falconbridge Limited that it will continue its option on the South Voisey Bay Project in 2003. In order to maintain its option, and based on prior expenditures, Falconbridge is required to incur a minimum of $1.7 million of expenditures in 2003. The Company has also been advised by Falconbridge that it will contribute an additional $200,000 to the Labrador Regional Project. The Company will also be contributing $200,000 to this Project with the objective of identifying nickel-copper-cobalt targets in Labrador outside of the Voisey's Bay and South Voisey Bay areas. The Company intends to continue its option on the Stephens Lake Project, located in Manitoba. Under the terms of an agreement between the Company and Falconbridge, the Company is required to spend $1 million in 2003, of which Falconbridge is required to fund $300,000, through equity private placements in the Company. Ground geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. will be completed at Stephens Lake before year-end to locate airborne geophysical anomalies, and 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 will begin as soon as ice conditions permit in 2003. ON BEHALF OF THE BOARD OF DONNER MINERALS LTD. Harvey Keats, President The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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