Dave Patterson of Donner Metals Goes "Beyond the Press Release" to discuss NI 43-101 Resource on PD1 Deposit
Interview Highlights
- Reports that the Company has received a NI 43-101 compliant resource calculation for the PD1 deposit from partner Xstrata Canada Corporation - Xstrata Zinc Canada Division ('Xstrata Zinc').
- The combined mineral resource (measured and indicated) is 1.74 million tonnes grading 4.55% zinc, 1.16% copper and 19.88g/t silver located between 25 and 515 metres vertical depth and is based on 24 new holes drilled in 2010 in the upper portion of the deposit, above 100 metres vertical depth, and 50 historical drill holes completed between 1973 and 1976 that defined the previous extent of mineralization.
- Measured resources of 0.6 million tonnes grading 4.34% zinc, 0.83% copper, 19.59g/t silver and 0.12g/t gold occur between 25 and 100 metres vertical depth. The remaining indicated resources are based solely on a re-evaluation of historical drill results.
- Positive feasibility study on the Bracemac-McLeod deposit (sept 8th) reports that the Company has received a positive feasibility study on the Bracemac-McLeod deposit from Xstrata Canada Corporation - Xstrata Zinc Canada Division.
- Proven and probable mining reserve, including dilution, of 3.73 million tonnes grading 9.60% zinc, 1.26% copper, and 28.25g/t silver and 0.43g/t gold based on indicated and measured resources (massive and semi massive sulphides) of 3.39 million tonnes grading 11.31% zinc, 1.47% copper, 34.27g/t silver and 0.50g/t gold.
- 4 year life of mine (LOM) at a 2500 tonnes per day production rate.
- Potential to expand both reserve base and production rate.
- Construction of the Bracemac-McLeod mine has commenced.
Corporate Website / Hub on AGORACOM