Donner Metals Ltd.: Production Imminent at Bracemac, Exploration Intersects High-Grade Between McLeod and McLeod Deep

Sat Mar 2, 2013 12:59pm EST

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Marketwire

Donner Metals Ltd.

March 2, 2013 - 12:58:52 PM

Donner Metals Ltd.: Production Imminent at Bracemac, Exploration Intersects
High-Grade Between McLeod and McLeod Deep

MONTREAL, QUEBEC--(Marketwire - March 2, 2013) - Mr. Harvey Keats, Chief
Executive Officer of Donner Metals Ltd. ("Donner" or the "Company") (TSX
VENTURE:DON)(FRANKFURT:D4M), reports that important high-grade sulphide
mineralization has been discovered in drill hole MCL-13-25 between the Mineral
Reserves in the McLeod Zone and the Inferred Mineral Resources in the McLeod
Deep Zone. The hole intersected massive and semi-massive sulphides that
returned 12.80 metres (7.33 metres estimated true width) grading 9.42% zinc,
2.51% copper, 35.71g/t silver and 0.81g/t gold from 932.40 to 945.20 metres.
This result dramatically increases the likelihood that the two zones,
separated by a 200-metre un-drilled gap, are connected by continuous
high-grade sulphide mineralization. Five surface drills and one underground
drill are currently active on the project, including three surface rigs at
McLeod Deep.

McLeod Deep 

Important high-grade sulphide mineralization has been discovered between the
Proven and Probable Mineral Reserves in the McLeod Zone (2.1 million tonnes
grading, 9.25% zinc, 1.18% copper, 24.98 g/t silver, 0.49 g/t gold) and
Inferred Mineral Resources in the McLeod Deep Zone (2.47 million tonnes
grading 9.20% zinc, 1.22% copper, 40 g/t silver and 1.1 g/t gold). This new
result dramatically increases the likelihood that the two zones, separated by
a 200-metre un-drilled gap, are connected by continuous high-grade sulphide
mineralization, which has important implications for additional resources and
extended mine life (Figure 1). 

The current program on McLeod Deep is an aggressive 35,000-metre drill program
designed to: 1) confirm the presence of mineralization between the bottom of
the McLeod Zone, currently included in the mine plan, and the top of the
McLeod Deep Zone (Figure 1); 2) provide the 50-metre drill hole spacing needed
for the estimation and classification of the McLeod Deep Zone and its
extensions as an Indicated Mineral Resource; and 3) to assess the continuity
and distribution of gold grades previously encountered within the base metal
sulphide mineralization in McLeod Deep. Importantly, the program will also
investigate possible extensions of mineralization to the southeast, northwest
and down-dip. 

Two diamond drill holes were completed and three are in progress on McLeod
Deep. The first three drill holes will also act as "pilot" holes from which
multiple wedge cuts will be taken on an approximate 50-metre spacing. The
program consists of 54 planned holes focussed on both the exploration and
delineation of the McLeod Deep zone and its immediate area, including the area
connecting the McLeod zone.

Diamond drill hole MCL-13-25 intersected massive and semi-massive sulphides
over 12.80 metres (7.33 metres estimated true width) from 932.40 to 945.20
metres that returned 9.42% zinc, 2.51% copper, 35.71g/t silver and 0.81g/t
gold. This intersection is located approximately 110 metres directly up-dip
from the McLeod Deep Zone and 90 metres down-dip from the McLeod Zone. The
intersection was followed by two well-mineralized zones of Pipe alteration and
tuffite from 995.50 to 1,001.70 metres (6.20 drilled width - 3.59 metres
estimated true width) and from 1,014.90 to 1,017.20 metres (2.30 drilled width
- 1.34 metres estimated true width). These zones are characterized by Pipe
alteration containing intermittent stringer, semi-massive and massive sulphide
mineralization with variable amounts of sphalerite and chalcopyrite. The two
intervals are separated by an unmineralized felsic dyke. Assays are pending
for these two mineralized intervals.

Drill hole MCL-13-26 intersected semi-massive and stringer mineralization from
1,141.40 to 1,150.70metres that returned 5.77% zinc, 1.16% copper, 26.52g/t
silver and 0.76g/t gold over 9.30 metres (3.59 metres estimated true width),
including 7.90% zinc, 1.14% copper, 27.30g/t silver and 0.90g/t gold over 6.60
metres (2.55 metres estimated true width) from 1,141.40 to 1,148.00 metres A
second interval of semi-massive sulphides in the footwall returned 5.99% zinc,
0.40% copper, 7.45g/t silver and 0.17g/t gold over 2.00 metres (0.77 metres
estimated true width) from 1,158.50 to 1,160.50 metres MCL-13-26 is located in
the uppermost portion of the McLeod Deep Zone, 50 metres southeast of
MC-08-34W2 which intersected weakly mineralized Key Tuffite. 

Bracemac-McLeod Mine

Development of the Bracemac-McLeod Mine continues on schedule and on budget,
with production scheduled for May 2013. Development totals 8,660 metres to
date on multiple headings. Pre-production activities are as follows:



--  Bracemac Main Zone: ore has been accessed on 3 levels, development
    currently in progress on 5 levels; 
--  Bracemac KT Zone: ore has been accessed on 2 levels, development
    currently in progress on 4 levels; 
--  An additional level has been added to the mine plan to access
    incremental ore discovered by development drilling immediately down-dip
    of known reserves in the Bracemac Main Zone. 



Development continues in both the main and vent ramps towards the McLeod Zone.
The main ramp is currently at 3,035 metres from the ramp portal at a 15%
grade. The vent ramp is currently at 595 metres from the Bracemac Zone at an
average grade of 7%. Underground pre-production drilling in the Bracemac Main
and KT zones is ongoing.

There are now 64,000 tonnes of ore in the stockpile on surface from the
Bracemac Main Zone and the Bracemac KT Zone. Pre-production activities have
commenced with the objective of having approximately 3 months of stockpiled
and ready-to-blast ore to supply the mill at a rate of 3,000 tonnes per day in
May 2013. Equipment and buildings have been moved from the Perseverance Mine
to Bracemac-McLeod in preparation for the transition to production from
Bracemac-McLeod.

SUPPLEMENTARY INFORMATION

The Bracemac-McLeod deposit contains Proven and Probable Mineral Reserves of
3.7 million tonnes grading 9.60% zinc, 1.26% copper, 28.25 g/t silver and 0.43
g/t gold. Inferred Mineral Resources of 2.6 million tonnes grading 8.79% zinc,
1.31% copper, 38.84 g/t silver and 1.06 g/t gold are located in proximity to
the Mineral Reserves. The Company is a fully vested partner with Xstrata
Canada Corporation in the extensive Matagami base metal camp located in the
Abitibi region of Quebec. This joint venture partnership covers six joint
venture areas ("the Matagami Project") governing 4,737 square kilometres of
prime stratigraphy, which has yielded high-grade base metal production since
1963. Xstrata Zinc is the project operator for the Matagami Project, including
the Bracemac-McLeod Mine. Additional information is available at
www.donnermetals.com.

Xstrata Canada Corporation - Xstrata Zinc Canada Division "Xstrata Zinc" is
the project operator for the Matagami Project and all of the respective joint
ventures. As operator, Xstrata Zinc is responsible for the execution of all
development, production and exploration programs on the property. This
includes resource evaluation, sampling, submittal of samples for assay, assay
verification, metallurgical evaluation and QA/QC. Sample preparation and
assaying are conducted by ALS Chemex-Chimitec, of Val-d'Or, Quebec (zinc,
copper and silver by atomic absorption, and gold by standard fire assay
procedures).

Robin Adair (VP of Exploration) is a Qualified Person for Donner Metals Ltd
and is responsible for the technical information reported in this news
release.

ON BEHALF OF THE BOARD OF

DONNER METALS LTD

"Harvey Keats" 

Chief Executive Officer

Certain phrases in this news release are "forward-looking statements".
Forward-looking statements are identified by wording such as " on schedule",
"on budget" and "scheduled". Such statements are applicable specifically to
the Bracemac-McLeod Mine in relation to: 1) the possible future completion of
development as scheduled under the current development plan, 2)
mining/production in relation to the current mining plan and 3) future planned
exploration activities. Such statements also pertain to the completion of the
project within context of the budget as defined in the feasibility study
completed by Xstrata Canada Corporation - Xstrata Zinc Canada Division and
Genivar Limited Partnership in 2010. With respect to future production, and
the commencement thereof, from the Bracemac-McLeod deposit, the forward
looking statements are in the context of the feasibility study completed by
Xstrata Canada Corporation - Xstrata Zinc Canada Division and Genivar Limited
Partnership in 2010 as posted under the Company's profile at www.sedar.com.
"Forward-looking statements" involve known and unknown risks, uncertainties
and other factors which may cause actual results, performance or achievements
of the Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements.
Further discussion of "forward looking statements" and "future oriented
financial information" and the risks inherent to mineral exploration and
development, in relation to Donner's activities, can be found on the Company's
website at www.donnermetals.com. The reader is cautioned not to place any
undue reliance on any forward-looking statement.

To view Table 1, Table 2 and Figure 1 visit the following link:
http://media3.marketwire.com/docs/Tables1-2.pdf

FOR FURTHER INFORMATION PLEASE CONTACT: 
Donner Metals Ltd. - Montreal
514-286-1665


Donner Metals Ltd. - Vancouver
604-683-0564 or Toll Free: 1-800-909-8311
donner@bed-rock.com
www.donnermetals.com




        

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