Sphinx Resources Ltd.
TSX VENTURE : DON

Sphinx Resources Ltd.

November 06, 2014 09:25 ET

Sphinx and Cartier Drill the Extensions of the Gold Zones on the Dollier Project

MONTRÉAL, QUÉBEC--(Marketwired - Nov. 6, 2014) - Sphinx Resources Ltd. (("Sphinx" or the "Corporation") (previously named Donner Metals Ltd.) (TSX VENTURE:DON) and its partner Cartier Resources Inc. ("Cartier") announce that they are commencing a drill program on the Dollier project, situated 30 km south-east of Chibougamau.

The primary objective of the program is to test the west lateral and depth extensions of the gold mineralization of the Delinel Zone as well as to test two additional sub parallel trends situated to the north and south: the North Delinel Zone and the South Delinel trend, the latter being defined by Induced Polarization («IP») anomalies (see attached figure). The drill targets in the Delinel Zone are lateral and depth projections previously intersected gold mineralization that shows an elevated metal factor (length of mineralized intersection x gold grade) that specifically defines the trend of mineralization. Twelve (12) drill holes have been planned for a total of approximately 3,500 m of drilling. Each hole may intersect either of the North Delinel Zone or the South Delinel trend as secondary targets in order to investigate the potential for additional gold mineralization in these areas as defined by IP responses. A total of approximately 30 intersections for the program in the Delinel Zone and in the North Delinel Zone and South Delinel trend are possible.

The Delinel zone varies between 3 to 5 metres in drilled thickness and consists of two sub parallel zones over a strike length of 300 metres. Mineralization is comprised of semi-massive to massive sulphides (pyrite and pyrrhotite) with traces of chalcopyrite along a plane dipping 65 degrees south-southeast. The main trend, with elevated metal factors, shows a west-south-west plunge of 65 degrees and is well-defined by IP anomalies surface (see attached figure).

Donner Metals Ltd. changes name to Sphinx Resources Ltd.

On October 2, 2014, the shareholders of the Corporation approved to change the name of Donner Metals Ltd. to Sphinx Resources Ltd. Starting November 7, 2014, the common shares of Sphinx will trade under the ticker SFX on the TSX-Venture Exchange.

This press release was prepared by Normand Champigny, President and Chief Executive Officer of Sphinx and Qualified Person as defined by NI 43-101.

About Sphinx

Sphinx is an exploration company focused on the development of mineral exploration projects in Quebec and on executing a roll-up strategy that includes the acquisition of mining projects and operating mines. The Corporation is committed to a leading standard of practice with respect to health, safety, community relations and environmental management.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Sphinx's periodic reports including the annual report or in the filings made by Donner from time to time with securities regulatory authorities.

A figure is available at the following link: http://media3.marketwire.com/docs/977536_Plan_View.pdf

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