Donner Minerals Ltd.: Rainbow Results, New Ground Staked.VANCOUVER, British Columbia -- 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 VENTURE: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 ), provides results for the recently completed 2004 exploration program on the Rainbow Project, located in Nunavut. A total of 1,012 metres of NQ drilling in six holes were drilled during the 2004 program. Four holes intersected disseminated magmatic sulphides with nickel grades less than 0.5%. One hole, RB-04 intersected 13.10 grams/tonne gold over 2.14 metres, including 24.20 grams/tonne gold over 1.00 metre, associated with 10 - 15% sulphide stringers and silicifiction at the base of a mafic volcanic unit. Attached to this news release is a table with details of the holes drilled in the 2004 program. Regional surface sampling in follow-up of the GeoTEM survey returned the following results for both gold and nickel. One semi-massive sulphide boulder was collected in the vicinity of a sulphide iron formation and area of quartz veining vein·ing n. Distribution or arrangement of veins or veinlike markings. at UTM (Unified Threat Management) Refers to a stand-alone appliance or a software package that combines a firewall, antivirus, spam and content filtering as well as intrusion detection. See firewall, antivirus, antispam and IDS. coordinates 6801599N and 507577E. The boulder assayed 1.35 grams/tonne gold. One sample from oxide iron formation in outcrop, with minor pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. and pyrrhotite pyrrhotite (pĭr`ətīt) or magnetic pyrites, bronze-yellow to bronze-red mineral, a sulfide of iron sometimes containing nickel. It tarnishes easily and is somewhat magnetic. mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. , was collected near the contact with an ultramafic ul·tra·maf·ic adj. Ultrabasic. ultramafic Containing mainly mafic minerals. Used of igneous rocks and often used interchangeably with ultrabasic. Dunite is an ultramafic rock. volcanic unit. The sample, located at UTM coordinates 6800828N 508014E, assayed 3.39 grams/tonne gold. One sample of oxide iron formation in outcrop, with fine dark bands of magnetite magnetite (măg`nətīt), lustrous black, magnetic mineral, Fe3O4. It occurs in crystals of the cubic system, in masses, and as a loose sand. , trace sulphide and minor biotite biotite (bī`ətīt'), iron-rich variety of phlogopite, most abdunant of the mica minerals. biotite or black mica Silicate mineral in the common mica group. , chlorite chlorite Widespread group of layer silicate minerals composed of hydrous aluminum silicates, usually of magnesium and iron. The name, from the Greek for “green,” refers to chlorite's typical colour. and quartz, was collected 17 kilometres northeast of the original Rainbow claims. The sample, located at UTM coordinates 6814487N and 532212E, assayed 26.5 grams/tonne gold. A geological field duplicate sample assayed 18.25 grams/tonne gold. Fifteen boulder samples were taken from the Rainbow Main Zone area, the site of previously discovered anomalous nickel grade boulders and outcrop, centered around UTM 506235mE, 6801461mN. Five massive sulphide samples assayed from 1.93% to 2.23% nickel, 0.25% to 0.27% copper and 30.1% to 37.4% sulphur. Ten disseminated to net textured sulphide samples assayed from 0.38% to 0.67% nickel, 0.08% to 0.10% copper and 5.54% to 9.71% sulphur. The Company and Falconbridge Limited have recently staked 15 contiguous claim blocks totalling approximately 145 square kilometres adjacent to the original Rainbow claims as a result of the gold values in drill core and surface samples described above. The new claims cover the oxide iron formation described above as well as other potential target areas. There has been sporadic exploration for gold in the area over the past 50 years and there is evidence of some historical drilling near the oxide iron formation outcrop covered by the new claims. The Company and Falconbridge are currently reviewing all of the data on the Rainbow Project before a decision is made with respect to conducting further nickel exploration on the Property. All available regional data will be reviewed in order to formulate a gold exploration plan. Pursuant to an Option and Joint Venture Agreement dated June 18, 2004, the Company has the right to earn a 50% interest in the Rainbow Project from Falconbridge Limited. Readers of this news release are cautioned that the attachment includes a description of core length and not of true widths, although the core lengths are interpreted to be approximately equal to the true widths. Falconbridge Limited is the operator of the Rainbow Project and is responsible for the sampling and submittal of samples for assay. Assaying of 2004 samples reported in this news release was carried out and certified by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex of Vancouver, BC. Nickel, copper and cobalt were determined by atomic absorption spectometry and platinum, palladium and gold were determined by lead fire assay, inductive-coupled plasma source and atomic absorption finish. Sulphur was determined by a leuco furnace method. Gold samples were fire assayed with a gravimetric finish. Nic Fenner is the Falconbridge Qualified Person and Kerry Sparkes is the Qualified Person responsible for this new release. To view the table associated with this release, please click on the following link; http://www2.cdn-news.com/database/fax/2000/dml1102.pdf. ON BEHALF OF THE BOARD OF DONNER MINERALS LTD. Harvey Keats, President This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registration statement on Form 20-F filing with the United States Securities and its home jurisdiction filings that are available at www.sedar.com. 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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion