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Cours Or & Argent

Sphinx Resources

Publié le 05 septembre 2008

Provides Initial Results From a Single Drill Hole Program on the Donner/Commander

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Donner Metals Ltd.
TSX VENTURE: DON
FRANKFURT: D4M
Other Recent News

September 5, 2008
Donner Provides Initial Results From a Single Drill Hole Program on the Donner/Commander Joint Venture Property at South Voisey Bay
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2008) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports that Donner has received preliminary results for a single drill hole completed by its partner Commander Resources Ltd. at South Voisey Bay on the joint venture property owned by Donner (51.7%) and Commander (48.3%). The program took advantage of the proximity of a drill used by Commander on a separate near-by drill program. The NQ drill hole was designed to investigate a UTEM conductivity anomaly detected during the previously announced surface geophysical program.

Drill hole SVB-08-145 was completed to 311 metres and intersected disseminated sulphides averaging 5 to 10% pyrrhotite with minor chalcopyrite over a 2.93 metre interval from 194.00 to 196.93 metres at the target defined by the UTEM survey. This interval includes three narrow semi-massive sulphide zones, each about seven centimetres wide. Assays are pending and details of the hole location are provided in Table 1 below.

Mineralization encountered in SVB-08-145 occurs within the distinct basal contact unit of the Pants Lake gabbro complex that is described as "contaminated gabbro" on the basis of the occurrence of numerous partly melted xenoliths of gneissic rocks as well as mineralogical changes within the gabbro. The style of mineralization and its occurrence in the contaminated gabbro is typical of magmatic mineralization encountered in historical drilling within the local area and elsewhere throughout the South Voisey Bay Project. SVB-08-145 was drilled 360 metres north and down dip of drill hole SVB-97-078 (unmineralized contaminated gabbro), 490 metres northwest of SVB-97-081 (0.2% nickel over 0.3 metres in semi-massive sulphides and 0.16% nickel over 0.6 metres in massive sulphides within contaminated gabbro) and 610 metres northeast of SVB-07-58 (0.47% nickel over 0.7 metres in massive sulphides within contaminated gabbro).

About the South Voisey Bay Project

Donner's interest in the South Voisey Bay Project consists of a 76.69% share ownership in SVB Nickel Company Ltd. (SVBN), a 52.4% interest in the Donner/Northern Abitibi joint venture (DNA) and a 51.7% interest in the Donner/Commander joint venture.

The Pants Lake Gabbro Complex that occurs at South Voisey Bay is characterized by gabbro sills injected into poly-deformed orthogneiss and paragneiss that locally contain pyrrhotite and graphite. The extensive gabbro sills are characterized by an equally extensive basal contact zone comprised of contaminated gabbro locally containing significant magmatic sulphide development and concentrations of nickel and copper. Examples:

(Hole 97-67) Massive sulphide - 1.93% nickel, 1.07% copper over 0.65 metres (DNA property)

(Hole 97-96) Massive sulphide - 1.13% nickel, 0.78% copper over 15.7 metres (DNA property)

Magmatic mineralization also occurs as probable injections/mobilizations of sulphides into the underlying gneisses immediately below the gabbro. In these cases, grade and nickel tenor (% Ni equated to 100% sulphides, e.g. massive sulphides) are higher as per the following examples:


(Hole 97-75) Massive sulphides - 11.9% nickel, 9.6% copper over 1.10 metres in the footwall (DNA property)

(Hole 98-131) Massive sulphides - 4.49% nickel, 2.6% copper over 0.20 metres at the contact (DNA property)

(Hole 98-131) Massive sulphides - 3.44% nickel, 0.5% copper over 0.30 metres in the footwall (DNA property)

This type of sulphide is clearly magmatic in origin, but with mineral textures, nickel values and nickel tenors that differ from mineralization hosted within the contaminated gabbro. The relationship of this type of gneiss-hosted magmatic sulphide to the gabbro hosted magmatic sulphides is not well understood.

Large areas of the basal gabbro contact (contaminated gabbro) have not been sufficiently explored for nickel-bearing massive sulphide accumulation, and potential for significant development of nickel-bearing massive sulphides within the gneiss below the gabbro has not been investigated. Donner's technical team continues to utilize new approaches and tools with which to detect and target significant developments of nickel-bearing massive sulphides at the South Voisey Bay Project. New understanding of the genesis and emplacement styles of magmatic, nickel-bearing sulphides at the Voisey Bay nickel deposits, particularly injection of sulphides into the surrounding gneisses, provide an important foundation for the exploration approach at South Voisey Bay.

About Donner Metals Ltd.

Donner Metals Ltd. is a Canadian base metal exploration company. Donner's principal project is the Matagami VMS Project, located in Quebec. In addition to the Company's interest in the Matagami Project and South Voisey Bay projects, the Company holds approximately 12.3 million shares of Knight Resources Ltd. (13.6%), giving it significant exposure to a large nickel project in the Raglan area of Quebec, known as the West Raglan Project.

Robin Adair, VP of Exploration for the Company is the Qualified Person responsible for the technical information in this news release.

Table 1
---------------------------------------------------------------------------
                 UTM
 DDH        Location     Angle/                           Core
(Depth)       NAD 83 direction                          length
(core size)  Zone 18   (True N) Geology    From     To (metres) %Ni %Cu %Co
---------------------------------------------------------------------------
SVB-08-145   563221E       -80  Contami- 194.00 196.93    2.93    Assays
(311m)      6152725N   degrees/   nated                           Pending
(NQ)                       000   Gabbro
                       degrees
---------------------------------------------------------------------------
 
ON BEHALF OF THE BOARD OF DONNER METALS LTD.

Harvey Keats, Chief Executive Officer


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Donner Metals Ltd.
Harvey Keats
Chief Executive Officer
(604) 683-0564 or Toll Free: 1-800-909-8311
Fax: (604) 602-9311
Email: donner@bed-rock.com
Website: www.donnermetals.com

INDUSTRY: Financial Services - Investment Opinion, Financial Services - Investment Services and Trading, Financial Services - Personal Finance

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Sphinx Resources

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CODE : SFX.V
ISIN : CA8484221012
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Sphinx est une société développant des projet miniers de zinc et de cuivre basée au Canada.

Sphinx est en développement de projets de zinc, de cuivre, d'argent et d'or au Canada.

Son principal projet en développement est PD1 au Canada et ses principaux projets en exploration sont SOUTH VOISEY BAY, WEST RAGLAN et MATAGAMI au Canada.

Sphinx est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 838 700 CA$ (670 585 US$, 638 839 €).

La valeur de son action a atteint son plus haut niveau récent le 26 août 2016 à 0,14 CA$, et son plus bas niveau récent le 06 décembre 2022 à 0,01 CA$.

Sphinx possède 83 870 000 actions en circulation.

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