Donner Metals Ltd.: Inferred Resources at Bracemac-McLeod Expand by 2.07 Million Tonnes of Massive Sulphides
Donner Metals Ltd. (CVE:DON) reported that the Company has received a NI 43-101 compliant inferred resource for the McLeod Deep Zone from its partner Xstrata Canada Corporation – Xstrata Zinc Canada Division on the Matagami Project in central Quebec.
The press release is quoted as saying:
Donner has the option to earn a 50% participating joint venture interest in the Matagami Project by incurring a total of $25 million of expenditures on exploration and related work on or before May 31, 2011. To date, Donner has provided $24.1 million towards exploration, and has in its treasury, the balance of the funds required to exercise the option.
Click here to access the entire press release
Click here to access Donner Metals Ltd. Corporate Site
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Thu, Sep 2, 2010
Post by Anne Bagchi, Zinc Researcher