Donner Minerals Ltd. - Mobilization Underway - Drilling To Begin Soon.Business Editors 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. , Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. : 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's South Voisey Bay Project camp in now open and operational. Mobilization mobilization Organization of a nation's armed forces for active military service in time of war or other national emergency. It includes recruiting and training, building military bases and training camps, and procuring and distributing weapons, ammunition, uniforms, of line cutters, geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. crews and drillers is currently ongoing. Drilling on the South Voisey Bay Project is expected to begin in approximately ten days. Line cutting is underway and surface UTEM will begin shortly. The 2002 program will include approximately 3,500 metres of 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 in 12-20 shallow drill holes targeting untested high quality conductors, located throughout the South Voisey Bay Project area. Initial drilling will focus on high conductance EM anomalies outlined by the 2001 UTEM survey, followed by drilling of high conductance targets interpreted from the reprocessed 1997/1998 DEEPEM data and detailed by the 2002 UTEM surveys. Falconbridge Limited can earn a 50% interest in the entire South Voisey Bay Project by spending $23,000,000 on exploration over a five-year period. There are four ownership blocks in the South Voisey Bay Project: the wholly owned SVBN property; the Donner/Northern Abitibi joint venture property; the Donner/Commander joint venture property; and the SVBN/Pallaum Minerals joint venture property. 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%; Rcom Ventures Corp. 4.20%; UC Resources Ltd. 1.20%. 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. Donner, Falconbridge, the joint venture partners and the shareholders of SVBN continue to believe in the excellent potential of the South Voisey Bay Project to host mineral deposits similar to Voisey's Bay.
ON BEHALF OF THE BOARD OF
DONNER MINERALS LTD.
"Harvey Keats"
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Donner Minerals Ltd.
Suite 1360, 605 Robson Street, Vancouver,
British Columbia Canada V6B 5J3
Telephone: (604) 683-0564 Fax: (604) 602-9311
or Toll Free: 1-800-909-8311
E-mail: donner@bed-rock.com or
Web: http://www.donner-minerals.com
Number: 021-02
TSX Venture Exchange Symbol: DML
Frankfurt Stock Exchange Symbol: DNL
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion