Donner Minerals Ltd.: South Voisey Bay Project Drill Program.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 2, 2003 Mr. Harvey Keats, President of Donner Minerals Ltd. (the 'Company'), announces that three high-priority target areas have been selected for drilling on the South Voisey Bay Project. The geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. targets are located in an east-west trending structure in an area predominated by northwest - southeast features. The targets areas were initially identified through an airborne MegaTEM electromagnetic ('EM') survey flown in April/May 2003 and further confirmed by recently completed AMT See vPro. electromagnetic 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. and large loop EM surveys. The targets also coincide with residual east-west gravity and magnetic features. The 2003 exploration program has been designed to identify nickel bearing massive sulphides associated with known olivine olivine (ŏlĭv`ēn), an iron-magnesium silicate mineral, (Mg,Fe)2SiO4, crystallizing in the orthorhombic system. gabbros and their related feeder feeder abbreviation for self-feeders. Used in feeding groups of animals at intervals of several days. Feed has to be dry and comminuted so that it will run down the spouts from the hopper into the troughs. systems. All three target areas are located on the North 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. in the general area of the highest grades and nickel tenors intersected on the South Voisey Bay Project to date. Two of the target areas are located on the Donner/Commander joint venture property. One target area is located on the boundary of the Donner/Northern Abitibi joint venture property and the SVBN property. The initial phase of drilling is expected to include approximately 1,200 metres of drilling. Drilling is expected to begin the week of September 8th and the program is expected to last three to six weeks. The 2003 program is being carried out by Falconbridge Limited. Falconbridge can earn a 50% interest in the entire South Voisey Bay Project by spending $23 million on exploration over a five-year period. Falconbridge has spent approximately $4.0 million to date on the project and has met the requirements up to the end of 2003 to maintain its option. The ownership of SVBN is as follows: Donner Minerals Ltd. 76.69%; Cypress Development Corp. 11.36%; NDT NDT Newfoundland Daylight Time Ventures Ltd. 6.55%; UC Resources Ltd. 5.40%. Donner has a 52% interest in the Donner/Northern Abitibi joint venture property and Donner has a 52% interest in the Donner/Commander joint venture property. SVBN has a 75% interest in the SVBN/Pallaum joint venture property. 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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