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Wednesday, 22 May 2013
Donner Metals unveils high grade results from McLeod Deep zone
Donner Metals (CVE:DON) continues to hit high grade mineralisation at the McLeod Deep zone at the Bracemac-McLeod project in Quebec.
A recent intercept hit 9.49% zinc, 1.75% copper, 52.96 g/t silver and 1.03 g/t gold over 34.8 metres, the company told investors.
The results have been relayed by partner and project operator GlencoreXstrata and the drill programme - to be completed this year - is aimed at both expanding and confirming resources and establish a higher confidence indicated resource.
So far, 11 holes of the 54 hole programme have been completed
The work should provide a better understanding of the potential size of the resource below the reserves currently scheduled to be mined at McLeod.
Other highlight results include 5.41% zinc, 6, and 29% copper, 117.96 g /t silver and 1.30 g /t gold over a core length of 6 metres.
Another showed 16.45% zinc, 17.6 g/t silver, 0.56% copper and 0.39 g/t gold over 13.4 metres.
The mine is the 12th zinc mine in the Mattagami district of Quebec. The deposit contains proven and probable mineral reserves of 3.7mln tonnes, grading 9.60% zinc, 1.26% copper, and 28.25 grams per tonne (g/t) silver and 0.43 g/t gold.
Inferred mineral resources stand at 2.6 million tonnes grading 8.79% zinc, 1.31% copper, 38.84 g/t silver and 1.06 g/t gold lie near to the proven and probable mineral reserves.