Donner Metals Ltd.: Drilling Intersects More High Grade Sulphides at
Bracemac and McLeod
New High Grade Sulphide Zone Intersected West of McLeod
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 11/26/07 -- Mr.
Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX
VENTURE: DON)(FRANKFURT: D4M) reports that drilling continues to
intersect high grade sulphides over significant widths at Bracemac
and at McLeod, 1.2 kilometers to the east. Exploratory drilling 180
metres west of McLeod has intersected a new, copper-rich, sulphide
zone referred to as West McLeod. Drilling has now identified three
vertically stacked sulphide zones at Bracemac. Three sulphide zones
have been intersected at the Key Tuffite horizon at McLeod. Their
extent and the possible connection between the McLeod zones have yet
to be fully investigated.
Highlights of assay results reported in this news release are
summarized below.
Bracemac Area - Key Tuffite Zone
---------------------------------------------------------------------------
Core
length
DDH From To (metres) % Zn % Cu g/t Ag
g/t Au
---------------------------------------------------------------------------
---------------------------------------------------------------------------
BRC-07-60 388.65 400.70 12.05 16.67 0.41 21.42
0.19
---------------------------------------------------------------------------
including 388.65 396.80 8.15 22.90 0.49 25.09
0.23
---------------------------------------------------------------------------
New McLeod Zone
---------------------------------------------------------------------------
Core
length
DDH From To (metres) % Zn % Cu g/t Ag
g/t Au
---------------------------------------------------------------------------
---------------------------------------------------------------------------
MC-05-18W7 811.26 822.85 11.59 17.37 0.41 13.94
Pending
---------------------------------------------------------------------------
836.00 839.50 3.50 0.48 2.93 22.07
0.33
---------------------------------------------------------------------------
Old McLeod Zone
---------------------------------------------------------------------------
Core
length
DDH From To (metres) % Zn % Cu g/t Ag
g/t Au
---------------------------------------------------------------------------
---------------------------------------------------------------------------
MC-07-28 566.85 568.80 1.95 19.78 1.54 48.56
0.59
---------------------------------------------------------------------------
West McLeod Zone
---------------------------------------------------------------------------
Core
length
DDH From To (metres) % Zn % Cu g/t Ag
g/t Au
---------------------------------------------------------------------------
---------------------------------------------------------------------------
MC-07-30 585.68 591.45 5.77 1.22 3.00 24.73
0.12
---------------------------------------------------------------------------
Delineation and exploratory drilling continues with three drills at
Bracemac - McLeod, an area that is centered 6 kilometres southeast of
Xstrata Zinc's Matagami mill. Reported in Table 1 are assays from 12
new drill holes in the Bracemac - McLeod area and from 5 holes on
regional reconnaissance targets elsewhere on the property. Additional
geological information, including maps and sections, is available at
www.donnermetals.com. A total of 37,996 metres have been drilled
since drilling began in October 2006.
Bracemac
BRC-07-60 (16.67% Zn, 0.41% Cu, 21.42 g/t Ag, 0.19 g/t Au over 12.05
metres) extended the Bracemac Key Tuffite Zone approximately 60
metres down-dip and the zone remains open. Several holes have
encountered thin variable grade sulphides at the Key Tuffite horizon
around the periphery of the zone with all holes intersecting an
underlying, well developed alteration zone. Additional delineation
drilling is planned down-dip, up-dip and to the east and west of all
known mineralization. Further exploratory step outs in this area will
search for additional sulphide mounds that are typical of VMS
deposits.
McLeod
One step-out hole was completed on the New McLeod Zone. MC-05-18W7
(17.37% Zn, 0.41% Cu, 13.94 g/t Ag, (Au pending) over 11.59 metres)
was drilled 50 metres up-dip from MC-05-18W6 (9.62% Zn, 1.33% Cu,
9.96 g/t Ag, 0.26 g/t Au over 32.22 metres) and 50 metres east of
MC-05-18W4 (8.91% Zn, 1.88% Cu, 56.4 g/t Ag, 45.93 g/t Au over 11.42
metres). This zone remains open and un-delineated in all directions.
One drill hole was completed on the Old McLeod Zone. MC-07-28 (19.78%
Zn, 1.54% Cu, 48.56 g/t Au, 0.59 g/t Au over 1.95 metres) was drilled
50 metres down-dip of MC-07-27 that returned 18.45% Zn, 2.11% Cu,
66.4 g/t Ag, 1.12 g/t Au over 6.67 metres and 7.36% Zn, 3.19% Cu, 143
g/t Ag, 0.90 g/t Au over 1.3 metres.
A new zone of intense alteration encountered in previous drill holes
at and below the Key Tuffite was investigated by two drill holes,
MC-07-29 (2.76% Zn, 1.14% Cu, 7.16 g/t Ag, 0.19 g/t Au over 3.58
meters) and MC-07-30 (1.22% Zn, 3.00% Cu, 24.73 g/t Ag, 0.12 g/t Au
over 5.77 meters), to test off-hole geophysical anomalies. This zone
has been named the West McLeod Zone. Further drilling will follow up
the results and off-hole anomalies in both holes.
Delineation drilling continues at McLeod.
Regional Drilling
DJV-07-80 was drilled 2.5km north-east of Xstrata's Perseverance
deposits as a stratigraphic test. The hole remained in hanging wall
felsic volcanic rock. Holes RA-07-1 through RA-07-4 were drilled to
follow up geophysical anomalies in the region between the South Flank
and the West Camp. RA-07-1 and 4 intersected mafic volcanic rocks and
gabbroic intrusions. RA-07-2 and 3 intersected granite.
About the Matagami Project
The Matagami Project has an area of mutual interest of 4750 square
kilometres and presently includes 2778 mineral claims covering 700
square kilometres. Taking advantage of Xstrata Zinc's extensive
historical database, Donner and Xstrata Canada Corporation - Xstrata
Zinc Canada Division (Xstrata Zinc) are using a combination of 3D
data integration, innovative advanced technologies, new concepts and
diamond drilling to explore for new deposits in this prolific mining
camp.
The Matagami Mining Camp is a world-class mining district, with 18
known VMS deposits, including 10 past producers of varying sizes,
including the giant Mattagami Lake Deposit (25.64 million tonnes of
8.2% Zn, 0.56% Cu, 20.91 g/t Ag and 0.41 g/t Au) discovered in 1957
and mined from 1963 to 1988. The area is host to historical
production of 8.6 billion pounds of Zn and 853 million pounds of Cu
and has established infrastructure including the town of Matagami, a
railway, a paved road, and a 2,600 t/day mill owned by Xstrata Zinc.
Donner has the option to earn a 50% participating joint venture
interest in the Matagami Project by incurring a total of $20 to $23
million of expenditures on exploration and related work on or before
May 31, 2011. Upon earn-in by Donner, five separate joint ventures
will be formed, covering the property and the area of interest. In
each of the five joint venture areas, Xstrata Zinc has the option to
earn back a 15% interest in each area by incurring up to $20 million
on a feasibility study.
The Company's strategy is to explore for and discover zinc - copper
deposits in the Matagami Camp and to leverage the general
infrastructure and existing processing facilities within a known and
well-established cost structure for developing VMS deposits. Donner's
exploration objective is to investigate multiple stratigraphic
horizons with potential for VMS mineralization including the prolific
Key Tuffite horizon throughout the Matagami Camp. Donner has
discovered new mineralization at Bracemac in the Upper Bracemac and
Bracemac zones and the Key Tuffite horizon. In addition to
delineation drilling at Old McLeod, Donner has discovered new
mineralization at New McLeod and West McLeod at the Key Tuffite
horizon at McLeod.
Supplementary Information
The field work on the Matagami Project is being carried out by
project operator Xstrata Zinc Canada Division who is responsible for
the sampling, submittal of samples for assay, assay verification and
QA/QC. Assaying of samples reported in this news release was carried
out and certified by ALS Chemex-Chimitec, of Val-d'Or, Quebec (zinc,
copper and silver by atomic absorption, and gold by standard fire
assay procedures). Sample preparation was done by ALS Chemex of
Val-d'Or, Quebec. Robin Adair, VP of Exploration for the Company is
the Qualified Person responsible for the technical information in
this news release.
ON BEHALF OF THE BOARD OF DONNER METALS LTD.
Harvey Keats, Chief Executive Officer
To view Table 1 - New Results: BRACEMAC AREA, Table 2: MCLEOD AREA,
Old McLeod Zone, West McLeod, Table 3: Regional Exploratory Drilling,
please visit the following
link:
http://www.ccnmatthews.com/docs/DON_ENG1126.pdf
The TSX Venture exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts:
Donner Metals Ltd.
Harvey Keats
Chief Executive Officer
(604) 683-0564 or Toll Free: 1-800-909-8311
(604) 602-9311 (FAX)
Email: donner@bed-rock.com
Website: www.donnermetals.com
