Donner Metals Reports High-Grade Sulphide Mineralization at McLeod and McLeod Deep; Shares Up 3% Late Morning
Donner Metals Ltd. (DON.V) reports that important high-grade sulphide mineralization has been discovered in drill hole MCL-13-25 between the Mineral Reserves in the McLeod Zone and the Inferred Mineral Resources in the McLeod Deep Zone. The hole intersected massive and semi-massive sulphides that returned 12.80 metres (7.33 metres estimated true width) grading 9.42% zinc, 2.51% copper, 35.71g/t silver and 0.81g/t gold from 932.40 to 945.20 metres. This result dramatically increases the likelihood that the two zones, separated by a 200-metre un-drilled gap, are connected by continuous high-grade sulphide mineralization, Donner said in a statement.
Five surface drills and one underground drill are currently active on the project, including three surface rigs at McLeod Deep.
Donner Metals is now trading at 16 cents, up half a cent from Friday's close. More than 1.2 million shares have been traded.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
