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.
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.
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
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
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Donner Metals Ltd. - Montreal
Donner Metals Ltd. - Vancouver
604-683-0564 or Toll Free: 1-800-909-8311