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Matagami Overview

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CLICK HERE FOR THE MOST RECENT
INFORMATION FROM MATAGAMI
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 Xstrata plc.
Donner has entered into an
Option and Joint Venture Agreement (OJVA) with Xstrata Zinc
Canada 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 4,750 square
kilometres and presently includes 3,350 mineral claims covering
841 square kilometres. Taking advantage of Xstrata’s
extensive historical database, Donner and Xstrata 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.
Additionally,
Donner, by
holding approximately 12.3 million shares of
Knight
Resources Ltd., has expanded its exposure to a large nickel
project in the Raglan area of Quebec, known as the West Raglan
Project.
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Matagami, 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 2,600 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.
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South Voisey Bay, Labrador
In 1994,
on the north-east coast of Labrador, Canada, one of the world's
largest nickel-copper-cobalt deposits was discovered near
Voisey's Bay. Since this discovery and its subsequent $4.3
billion purchase by Inco, Donner Metals has been actively
exploring the area for similar deposits. The focus of this
exploration has been an area 90 km to the south of the discovery,
referred to as the South Voisey Bay Project.
To date,
over 140 holes have been drilled and in excess of $20 million
has been spent on exploration.
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West Raglan
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.
Knight has
earned a 49% interest from
Anglo American Exploration (Canada) Limited (‘AAEC’)
in their approximately 720 km2
West Raglan Project, in the Cape Smith Belt of northern
Quebec.
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*
Cautionary note to U.S. investors - This web site contains
information about adjacent properties on which we have no
right to explore or mine. We advise U.S. investors that
the SEC's mining guidelines strictly prohibit information
of this type in documents filed with the SEC. U.S. investors
are cautioned that mineral deposits on other properties
are not indicative of mineral deposits on our properties.
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