Donner Minerals Ltd.: SVB Project Update.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 29, 2002 Further to the news release dated August 16, 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 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. ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DNNMF) (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 ), reports that five holes have now been completed on the South Voisey Bay Project. The assays received to date for the fifth hole (SVB-02-141) are included in the attached table. No additional assays for holes two through four have been received at this time. SVB-02-141 located on the South 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. , was drilled to a total depth of 375.0 metres and intersected the base of the gabbro at 282.1 metres. Numerous semi-massive to massive sulphide veins were intersected between 245.9 and 284.4 metres. The veins are hosted by serpentized ultramafic and quartzite quartzite, usually metamorphic rock composed of firmly cemented quartz grains. Most often it is white, light gray, yellowish, or light brown, but is sometimes colored blue, green, purple, or black by included minerals. . Selected veins were assayed on a priority basis and nickel grades are less than 1%. Falconbridge is currently reviewing and interpreting all of the results to date and drilling on the project has been suspended. Falconbridge will decide shortly whether to carry out additional field work this season, or to resume geophysics and drilling in 2003. The 2002 exploration program is being carried out and funded by Falconbridge Limited under an agreement whereby Falconbridge can earn a 50% interest in the South Voisey Bay Project. All holes drilled this season have been drilled on the South Gabbro on SVB (Switched Video Broadcast) See switched video. Nickel Company Ltd. ("SVBN") ground. The ownership of SVBN is as follows: Donner Minerals Ltd. 76.69%; Cypress Development Corp. 11.36%; NDT Ventures Ltd. 6.55%; UC Resources Ltd. 5.40%. In addition to the above, geology and geophysics have been carried out on joint venture ground held by Donner/Northern Abitibi Mining Corp., Donner/Commander Resources Ltd. and SVBN/Pallaum Minerals Ltd. ON BEHALF OF THE BOARD OF DONNER MINERALS LTD. Harvey Keats, President
Attachment to News Release dated August 29, 2002
Drill Hole SVB-02-141
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From (m) To (m) Interval (m) Mineralization Ni % Cu % Co %
253.28 253.53 0.25 70% sulphide 0.73 0.23 0.04
255.14 256.06 0.92 80% sulphide 0.51 0.30 0.03
256.06 257.00 0.94 80% sulphide 0.61 0.29 0.04
257.00 257.40 0.40 50% sulphide 0.37 0.28 0.02
258.89 259.23 0.34 75% sulphide 0.42 0.10 0.03
259.70 260.00 0.30 60% sulphide 0.46 0.20 0.03
261.56 262.25 0.69 50% sulphide 0.49 0.18 0.03
262.39 262.71 0.32 60% sulphide 0.60 0.12 0.04
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