The Matagami Project is aggressively moving forward and on track to feed a hungry mill with high-grade zinc, copper, silver, and gold. Donner Metals (TSXV: DON) and partner Xstrata Zinc have accelerated their feasibility study in order to push forward into near-term production. Xstrata is spending up to $20 million on this feasibility study to progress the deposit along a timeline that is unusually fast.
Donner has the ingredients needed to succeed; Experienced management, an accessible location with infrastructure in place, and low-cost production for high-grade discoveries. Donner, along with mining giant Xstrata Zinc Canada, has all this – and what’s more, the Matagami Project has sped from deal to accelerated feasibility study in less than 3 years. Today, Donner is funding an on-going year-round drill program at Matagami looking for the next deposit to put through Xstrata’s hungry 2,600 tonnes/day mill.
The Donner/Xstrata team’s new discovery concept, the award-winning successful one that got them this far, is now being applied elsewhere on the camp. While past performance never guarantees future results, Donner appears to have all its gears going strongly forward so stay tuned.
Hear Donner’s presentation in New York City on September 9th
Peter,
I thought Donner was the Rodney Dangerfield of investing, did gold steal the award from them? [i.e. - do they now have some respect?
]
Regards,
Roger.
Is there any reason why xstrata wouldn’t just buy out Donner?
Meanwhile it’s dropped 20 percent.