Issue link: http://resourceworld.uberflip.com/i/142113
DONNER METALS LTD. [DON-TSXV; D4M-FSE] EASTMAIN RESOURCES INC. [ER-TSX] FJORDLAND EXPLORATION INC. [FEX-TSXV] Market Capitalization..........$31,910,124 Shares Outstanding.............255,280,993 52-week high-low..............$0.205-$0.09 Commodity............................ zinc/copper President/CFO........ Normand Champigny Region..............................Abitibi, Québec Market Capitalization..........$27,723,022 Shares Outstanding.............106,627,007 52-week high-low................$1.07-$0.25 Commodity........................................gold President/CEO...............Donald Robinson Region......................................... Québec Market Capitalization............ $2,061,232 Shares Outstanding............... 82,449,282 52-week high-low................$0.04-$0.01 Commodity............................copper-gold President/CEO...................Tom Schroeter Region............................British Columbia By successfully making the transition from explorer to producer, Donner Metals Ltd. is increasing shareholder value through cash flow and ongoing exploration at the world-class Matagami Mining Camp in Québec. Donner has a 35% interest in the newly producing zinc/copper Bracemac-McLeod Mine with Glencore Xstrata plc, the operator and joint venture partner with the remaining 65% interest in the mine. The company advanced from discovery in 2007 to production in May of this year, on budget and on schedule, benefiting from both Glencore Xstrata's and Donner's experienced teams. The Matagami Mining Camp is serviced by Glencore Xstrata's onsite mill, just 6 km from the Bracemac-McLeod Mine. The area has roads, a railway, an airport, and a nearby town supporting an experienced workforce. The Bracemac-McLeod Mine hosts proven and probable reserves of 3.73 million tonnes grading 9.60% zinc, 1.26% copper, 28.25 g/t silver, and 0.43 g/t gold. Inferred mineral resources of 2.63 million tonnes grading 8.79% zinc, 1.31% copper, 38.84 g/t silver, and 1.06 g/t are located proximal to the mineral reserves. A 63,000-metre drill program is underway for 2013, of which 35,000 metres is planned for the McLeod Deep Zone, where three drills are currently turning. Recent high-grade drill results between McLeod and McLeod Deep suggests continuity of the deposit down dip. Geochemistry of the McLeod Deep Zone, which is open at depth, indicates this is the best area for further exploration of high-grade massive sulphides, and more long term value at the Matagami Project. Eastmain Resources Inc. has two arrangements with Goldcorp Inc. [G-TSX; GG-NYSE]. Goldcorp owns 9.9% of Eastmain shares and is also a joint venture partner on the Eléonore South gold project in the James Bay region, northwest Québec. The project is held as to Eastmain, 36.8%, Goldcorp, 36.8% and Azimut Exploration Inc. [AZM-TSXV], 26.4%. Goldcorp can earn 40% by acting as manager and funding exploration to the completion of a bankable feasibility study. The Eléonore South gold project is situated adjacent from Goldcorp's Eléonore gold project where it is building the Roberto gold mine. Hosting over 9 million oz gold, the Roberto Mine is expected to produce 600,000 oz gold/year. For 2013, there is a $1 million exploration program under way that includes 1,500 metres of drilling on the JT Zone and regional targets. Eastmain has other mineral projects in the James Bay region, the main ones being the Clearwater Project, Eastmain Mine and the Reservoir Project. The road-accessible Clearwater Project contains the Eau Claire gold deposit that has measured and indicated resources of 0.78 million oz gold and 1.14 million oz gold in underground and open pit resources. For 2013, the $5 million exploration program, which includes 25,000 metres of drilling, is to expand the known resources and define project economics. At the past-producing, road-accessible, Eastmain Mine, the company has assembled the mine property and infrastructure, plus prospective neighbouring ground. The $1 million program features 2,500 metres of drilling. For 2013, the Reservoir gold prospect has an $800,000 budget with 2,500 metres of drilling. Fjordland Exploration Inc. has options to earn 100% interests in the Dillard West and Dillard East properties, southwest British Columbia. Sumac Mines Ltd., a subsidiary of Sumitomo Metal Mining Co. Ltd., has an option to earn a 51% interest by spending $3.5 million on exploration over three years. The property, about a 3 ½ hour drive from Vancouver between Merritt and Princeton, is situated in a mining region that has three operating mines, five past producers and two proposed mines. The producing Copper Mountain copper mine is 50 km south and hosts reserves of 232 million tonnes grading 0.36% copper. The Dillard properties are located in an area known as Aspen Grove. Diamond drilling has returned encouraging assays, including 0.25% copper over 207 metres at a gold alkali porphyry target. Sampling of a high-grade vein in outcrop has returned up to 85.4 g/t gold and 0.16% copper over 4.5 metres. The 2013 $800,000 exploration program will include 37.3 line-km of ground induced-polarization and magnetic surveys followed by 280 line-km of highresolution aeromagnetic and radiometric surveys. In addition, 2,000 metres of drilling is planned. Fjordland is the operator. Drilling will test for additional mineralization, including possible depth extensions of mineralization in holes that bottomed in mineralization during 1991 drilling on the Dill (Primer South) property. There will also be first-time drill testing of recently discovered copper mineralization at the Dillard East property. The Dillard properties are accessible by recent logging roads and, fortuitously, identified several new copper-gold mineralized showings over an area 3 x 3 km. JULY 2013 www.resourceworld.com 21