African Consolidated Resources Plc

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Company Information for Donner Metals Ltd

Company stock charts - 12 Month chart

Exchange TSX.V; DON


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Company Statement

Donner Metals Ltd. is a Canadian base metal exploration company. The Company has a strong management team and advanced exploration projects, which have led to joint ventures with major mining companies TeckCominco and Falconbridge Ltd.

Donner has recently entered into an Option and Joint Venture Agreement (OJVA) with Falconbridge Limited for the joint exploration of the Matagami Mining Camp of Quebec for volcanogenic massive sulphide deposits (VMS).  The Matagami Project has an area of mutual interest of 4,737 square kilometres and presently includes 2,045 mineral claims covering 477 square kilometres.  Taking advantage of Falconbridge's extensive historical database, Donner and Falconbridge plan to use 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 Company's other exploration projects include the South Voisey Bay Project, located in Labrador, Newfoundland and a nickel project in Nunavut known as the Rainbow Project.

Additionally, Donner, by holding an approximate 20% interest in Knight Resources Ltd., has expanded its exposure to a large nickel project in the Raglan area of Quebec, known as the West Raglan Project. 


Current Operations

Matagami Project, Quebec

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 2,350 t/day mill owned by Xstrata.

The development of new exploration techniques and concepts has led directly to numerous discoveries in the Matagami Mining Camp.  In 1957, as a result of the newly developed airborne EM system, the Matagami Lake deposit was discovered and within the next two and a half years, six more major deposits were identified.  Between 1985 and 1992, four new deposits were discovered, and in 1999 a new EM system was flown over the Matagami camp, which led to the discovery of the Perseverance deposits in 2000.  Xstrata has published a measured and indicated resource at Perseverance of 5.12 million tonnes of 15.82% Zn, 1.24% Cu, 29.00 g/t Ag and 0.38 g/t Au.

Proximity of the Matagami Project to past producers and existing deposits does not provide any assurance that economic mineralization exists on the Matagami Project, however past production and recent discoveries in the camp demonstrate the potential for additional discoveries.

West Raglan
The Cape Smith Belt in northern Quebec has recently emerged as one of the most prospective areas in the world to discover new nickel deposits. Recognizing this, in early 2003 Knight entered into an agreement with Anglo American Exploration (Canada) Limited ('AAEC') to earn a 49% interest in their 720 square kilometre West Raglan Project.

Falconbridge’s Raglan nickel mine is located 90 kilometres east of the eastern margin of the West Raglan Project. Resources, reserves and mined ore to date at Raglan total 28 million tonnes averaging 2.8% nickel and 0.8% copper with significant platinum group elements and cobalt.

The known nickel deposits in the Cape Smith Belt occur in two different settings: the Raglan Formation at the base of the Chukotat Group, and the Delta Horizon in the Povungnituk Group. All of Falconbridge's resources and reserves are hosted by the Raglan Formation and occur in nine separate deposits over a 55 kilometre strike length.


Geographical Spread

Canada - Labrador, Newfoundland, and Quebec


Board of Directors and Key Management

David Patterson – Chairman
Mr. Patterson has extensive experience in the junior mining and exploration industry. His European and North American networks have proven extremely successful, raising in excess of CDN$70 million for mineral exploration companies. Mr. Patterson is a Director and Officer of numerous junior resource companies.
Harvey Keats - CEO
Harvey Keats brings a wealth of nickel, base metal and precious metal experience to Coastport. Mr. Keats, a geologist, has over 35 years in the mining business on Canadian and International projects ranging from exploration to feasibility. Mr. Keats worked 25 years with Falconbridge Limited, where he held several senior positions in Canada and abroad.
Robin Adair, M. Sc., P.Geo., - Vice-President Exploration
Robin Adair, M. Sc., P.Geo. Prior to joining the Company, Mr. Adair was employed with Falconbridge Limited / Noranda Inc. for over 25 years, in exploration and advanced projects, including extensive experience in VMS projects up to the level of Exploration Manager.
Kerry Sparkes - Director
Mr. Sparkes has held the position of senior geologist and exploration manager with Archean Resources and was instrumental in the discovery and delineation of the Voisey's Bay deposits. In 1997, he joined Voisey's Bay Nickel Company Ltd., as senior geologist in charge of advanced exploration at Voisey's Bay.
Ken Thorsen - Director
Mr. Thorsen is a Professional Engineer and has a degree in Geological Engineering. He has vast experience in exploration for many commodities, including gold, silver, copper, zinc, nickel, platinum, palladium, diamonds and uranium and has been involved in exploration programs in Mexico, Canada, USA, Peru, Chile, Brazil, Argentina, Venezuela, Australia, China, Africa, Panama and Central Asia.
Laurie Sadler - Director
Mr. Sadler is a retired Chartered Accountant with extensive experience as a business advisor to public and private companies. Mr. Sadler was a founder and managing partner of the firm Sadler, Weismiller, Spencer, Chartered Accountants (1984-2001) and has a Masters of Business Administration from the University of Western Ontario.

Company Address

Corporate Office
3rd Floor
157 Alexander Street
Vancouver, V6A 1B8

Telephone:604.683.0564
Facsimile:604.602.9311
Email:donner[at]bed-rock.com
Website:http://www.donnermetals.com

Capital

Shares Outstanding; 39,015,820
Fully Diluted; 62,804,478

Annual General Meeting

August

Year End

February 28

Major Shareholders

Falconbridge Limited
Noranda Inc.
TeckCominco

Related News

10/07/08 - Donner Metals Steps Round The Equity Markets, And Takes On A $3 Million Debt To Work Up Matagami
15/11/07 - Donner Metals Making Progress in Matagami
13/03/07 - Xstrata And Donner Metals Make New Zinc-Copper Find in Matagami

Most Recent Statement

31/07/08 - DRILLING CONTINUES TO DELINEATE AND EXPAND MINERALIZATION AT MCLEOD AND BRACEMAC UNUSUALLY HIGH COPPER VALUES ENCOUNTERED
27/05/08 - FOUR NEW HIGH GRADE INTERSECTIONS AT BRACEMAC / MCLEOD INCLUDING 23.70 METRES OF 5.63% COPPER AND 11.46% ZINC
10/04/08 - HIGH GRADE DISCOVERED BETWEEN BRACEMAC AND MCLEOD
03/03/08 - New High Grade Intersections Expand Zones at Bracemac and McLeod
09/01/08 - Drilling Intersects 9.48% Zinc and 2.81% Copper Over 6.00 Metres at Bracemac
07/01/08 - Donner Metals closes placement to raise C$3.2M

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