Donner Metals Ltd. ("Donner" or the "Company") (TSX VENTURE:DON)(FRANKFURT:D4M),
provides an update on recent exploration activities on the Valmond gold property
(the "Property"). The Property is located about 50 kilometres west of Matagami,
Quebec. The Property comprises 111 claims covering a surface area of about 62
square kilometres. It covers a segment of more than 15 kilometres along the
gold-bearing Bapst Fault. An option agreement was concluded with Midland
Exploration Inc. ("Midland") in November 2013 for the Property. Donner may earn
a 50% interest in the Property in consideration of exploration expenditures
totalling $2,500,000, including a firm commitment of $300,000 during the first
year of the agreement, and cash payments totalling $250,000 over a period of
four years. Midland will be the project operator for the duration of this option
agreement. 


In December 2013, a geophysical program including a helicopter-borne VTEM survey
totalling 900 line kilometres and an induced polarization (IP) survey totalling
48.1 kilometres was completed. As a result, several new drilling targets were
identified and proposed for drill-testing. A drilling campaign totalling 1,450.2
metres was completed in March 2014. A total of five (5) holes were drilled and
three (3) others were abandoned. Two holes were abandoned due to the thick
overburden composed of esker sand and gravel, and another drill hole was
cancelled due to the lack of water near the drill site. Best results were
obtained in drill hole VAL-14-02, which targeted the down-plunge extension of
the main showing at about 350 metres vertical depth. This hole was drilled to a
total depth of 543.0 metres and intersected altered intermediate tuffs with
quartz veinlets and arsenopyrite stringers between 454.50 and 517.65 metres,
which yielded several anomalous gold values including 0.46 g/t Au over 0.60
metre (454.50 to 455.10 metres), 0.74 g/t Au over 0.64 metre (487.80 to 488.44
metres), 0.15 g/t Au over 1.00 metre (493.00 to 494.00 metres), 0.44 g/t Au over
0.85 metre (508.00 to 508.85 metres), and 0.10 g/t Au over 0.50 metre (517.15 to
517.65 metres). Two graphitic mineralized (locally up to 80% pyrite) mudstone
thick horizons intersected higher up in the hole returned several gold anomalous
sections including intervals that graded 0.30 g/t Au over 2.87 metres 0.40 g/t
Au over 1.0 metre and 0.41 g/t Au over 0.29 metre. Several IP and VTEM anomalies
well located laterally at a distance ranging from 2.0 to 2.5 kilometres that
were not tested during this campaign remain priority targets and subsequent
drill-testing is recommended. 


About Donner Metals

Donner is an exploration company focused on the development of mineral
exploration projects in Quebec and on executing a roll-up strategy.


ON BEHALF OF THE BOARD OF DONNER METALS LTD.

Normand Champigny, President & Chief Executive Officer

This news release contains forward-looking information within the meaning of
applicable Canadian securities laws. All information other than historical fact
is forward-looking information. Forward-looking information relates to future
events or future performance and is based on Donner's current internal
expectations, estimates, projections, assumptions and beliefs. Forward-looking
information is often, but not always, identified by the use of words such as
"expect", "project", "proposed", "intend", "seek", "anticipate", "budget",
"plan", "continue", "estimate", "forecast", "may", "will", "predict",
"potential", "targeting", "could", "might", "should", "believe" and similar
expressions. Although management considers the assumptions and estimates,
reflected in forward-looking information, to be reasonable, based on information
currently available, there can be no assurance that such information will prove
to be correct. As a consequence, actual results may differ materially from those
anticipated.


Undue reliance should not be placed on forward-looking information which is
inherently uncertain, and subject to known and unknown risks and uncertainties
(both general and specific) and other factors that contribute to the possibility
that the future events or circumstances contemplated by the forward looking
information will not occur or that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information. These risks
include, but are not limited to risks associated with general economic
conditions, the actual results of current exploration activities, conclusions of
economic evaluations, changes in project parameters as plans continue to be
refined, future metal prices, financial risks and substantial capital
requirements. Further information regarding certain of these risks (as well as
risks relating generally to the Company's business) may be found under the
headings "Risks and Uncertainties", "Forward-Looking Information" and "Financial
risk factors" in the latest Company's Management's Discussion & Analysis on
www.sedar.com. Readers are cautioned that the foregoing list of factors that may
affect future results is not exhaustive. The forward-looking statements
contained in this news release are made as of the date hereof and Donner does
not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, except as required by applicable law. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.


Neither the TSX Venture Exchange nor it's regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Donner Metals Ltd.
514.286.1665
donner@bed-rock.com
www.donnermetals.com

(TSXV:DON)
過去 株価チャート
から 5 2024 まで 6 2024 のチャートをもっと見るにはこちらをクリック
(TSXV:DON)
過去 株価チャート
から 6 2023 まで 6 2024 のチャートをもっと見るにはこちらをクリック