Donner Metals Ltd.
TSX VENTURE : DON
FRANKFURT : D4M

Donner Metals Ltd.

March 02, 2008 06:00 ET

Donner Metals Ltd.: New High Grade Intersections Expand Zones at Bracemac and McLeod

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2008) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports the expansion of the Bracemac Key Tuffite Zone with four new high grade intersections in a series of step-out drill holes, up-dip and down-plunge from previously reported sulphide intersections. Also reported are zinc and copper-rich sulphides returned from step-out drilling at the New McLeod and West McLeod Zones.



Drilling Highlights
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Core
DDH Length
(Depth) From To (metres) % Zn % Cu g/t Ag g/t Au
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Bracemac Key
Tuffite Zone
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BRC-08-63 425.85 429.10 3.25 6.00 1.92 82.59 0.27
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BRC-08-64 310.80 321.00 10.20 11.62 0.39 17.74 0.14
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including 310.80 316.30 5.50 17.67 0.67 26.51 0.17
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BRC-08-65 254.20 256.70 2.50 29.84 0.04 6.62 0.03
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BRC-08-66 279.5 282.75 3.25 18.96 1.12 27.19 0.13
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New McLeod
Zone
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MC-07-31W1 868.30 871.30 3.00 0.42 1.50 24.27 0.74
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MC-07-31W2 881.05 884.65 3.60 18.48 2.01 31.09 0.58
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MC-07-33 821.40 823.40 2.00 13.96 0.67 19.03 0.75
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West McLeod
Zone
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MC-07-30W1 582.24 584.48 2.24 0.89 2.77 12.23 0.05
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Bracemac Area

Drill holes BRC-08-64, 65 and 66 were designed to test the up-dip extension of previously reported massive sulphides in the Bracemac Key Tuffite Zone. Drill hole BRC-08-64 was drilled 70 metres up-dip from BRC-07-47 (13.06% Zn, 2.09% Cu over 21.4 metres) and 30 metres west of BRC-07-53 (11.81% Zn, 1.01% Cu over 4.10 metres). BRC-08-65 was drilled 40 metres up-dip and to the east of BRC-08-64. Drill hole BRC-08-66 was drilled 30 metres west of BRC-08-64. The zone remains open up-dip.

One hole was drilled on the down-plunge extension of the Bracemac Key Tuffite Zone. BRC-08-63 was drilled 70 metres down-dip and to the west of BRC-07-60 (16.67% Zn, 0.41% Cu over 12.05 metres) and 50 metres west of BRC-07-61 (9.48% Zn, 2.81% Cu over 6.0 metres). The Bracemac Key Tuffite Zone remains open down-plunge.

McLeod Area

Two drill holes were completed to the east of the New McLeod Zone. Diamond drill hole MC-07-31W1 was drilled 35 metres east of MC-05-18W7 (18.5% Zn, 0.42% Cu over 11.59 metres) and MC-07-31W2 was drilled 65 metres east of MC-05-18W6 (9.62% Zn, 1.33% Cu over 32.22 metres) and 45 metres down-dip from MC-07-31W1. One hole was completed on the west side of the New McLeod Zone. MC-07-33 intersected the zone 80 metres to the west and up-dip from MC-05-18W4 (8.91% Zn, 1.88% Cu over 11.42 metres).

At the West McLeod Zone, MC-07-30W1 was completed as a wedge cut 25 metres up-dip from MC-07-30 (1.22% Zn, 3.00% Cu over 5.77 metres).

One stratigraphic hole, MC-05-20W1, was drilled 200 metres west and down-dip of the New McLeod Zone and intersected weakly mineralized Key Tuffite followed by strong alteration in the footwall.

Four drills are active on the Matagami Project with continued step-out drilling at Bracemac and McLeod. A total of 46,386 metres of diamond drilling has been completed since the project began in late 2006. Additional geological information, including maps and sections, is available at www.donnermetals.com.

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 Zinc's extensive historical database, Donner and Xstrata Canada Corporation - Xstrata Zinc Canada Division (Xstrata Zinc) are using 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 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 Zinc.

Donner has the option to earn a 50% participating joint venture interest in the Matagami Project by incurring a total of $20 to $25 million of expenditures on exploration and related work on or before May 31, 2011. Upon earn-in by Donner, five separate joint ventures will be formed, covering the property and the area of interest. In each of the five joint venture areas, Xstrata Zinc has the option to earn back a 15% interest in each area by incurring up to $20 million on a feasibility study.

The Company's strategy is to explore for and discover zinc - copper deposits in the Matagami Camp and to leverage the general infrastructure and existing processing facilities within a known and well-established cost structure for developing VMS deposits. Donner's exploration objective is to investigate multiple stratigraphic horizons with potential for VMS mineralization including the prolific Key Tuffite horizon throughout the Matagami Camp. To date Donner has discovered new mineralization at Bracemac in the Upper Bracemac and Bracemac zones and the Key Tuffite horizon. In addition to delineation drilling at Old McLeod, Donner has discovered new mineralization at New McLeod and West McLeod at the Key Tuffite horizon at McLeod.

Supplementary Information

The field work on the Matagami Project is being carried out by project operator Xstrata Zinc Canada Division who is responsible for the sampling, submittal of samples for assay, assay verification and QA/QC. Assaying of samples reported in this news release was carried out and certified by ALS Chemex-Chimitec, of Val D'Or, Quebec (zinc, copper and silver by atomic absorption, and gold by standard fire assay procedures). Sample preparation was done by ALS Chemex of Val D'Or, Quebec. Robin Adair, VP of Exploration for the Company is the Qualified Person responsible for the technical information in this news release.

ON BEHALF OF THE BOARD OF DONNER METALS LTD.

Harvey Keats, Chief Executive Officer

To view Table 1 - New Results please click on the following link: http://media3.marketwire.com/docs/dontables.pdf

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

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