Agoracom

When Donner Metals (TSX-V: DON) was announced as a finalist for the Mining Journal’s prestigious annual Outstanding Exploration Achievement Award, I knew they could win. When I received notice that the company had won, it was of no real surprise.

 Even though Donner was up against the likes of BHP Billiton’s US$140 million exploration budget, and fellow juniors miners like Churchill Mining, EMED Mining Public and Zambezi Resources, Donner’s winning of the award was of no real surprise because the company has moved their Bracemac-McLeod zinc-copper project in Matagami, Quebec at lightning speed.  In 2006 Donner signed a 50:50 joint venture agreement with Falconbridge, which gave them exploration rights to the entire Matagami mining camp.  Mere months later, Falconbridge was acquired by mining giant Xstrata.

 From this point until about a month ago, Donner has been drilling 24/7 with four drill rigs on their property.  Because they hit such high grades - averaging 11% Zn and 2% Cu over great lengths - in October, Xstrata Zinc Canada initiated a thorough scoping study at their expense.  The results of the scoping study should be ready early next year, as will the project’s first Canadian NI 43-101 resource estimate.

 With the project located next to a paved road, a railway line, power, water and Xstrata’s 2,600 tonne per day Matagami Lake Mill, the question seems not whether Bracemac-McLeod will go into production - it’s about when.

 Another reason I was not surprised that they won the Mining Journal’s exploration award, was because last year they won the Québec Mineral Exploration Association’s Prospector of the Year Award.

 Donner is a great company, with a superb management and a stellar project - why this company trades at $0.10 per share is beyond me. My congratulations to their exploration team for well deserved recognition.

Donner Metals tab as takeover target Read Here

My most recent commentary on DON-TSX-V Read Here

Contact company www.donnermetals.com

I had a late meeting today with the management of Donner Metals (DON-TSX-V $.09). They’re a client of mine. I must also tell you that I have no better friend in the junior resourcer business than company Chairman Dave Patterson ( so I’m highly bias but proud of it).Their latest press release shows what real confidence in the project, Xstrata Zinc has with partner Donner Metals on their Bracemac - McLeod discovery in Matagami, Québec. Earlier this week Donner reported that Xstrata Zinc is initiating a scoping study while step-out delineation drilling continues on the discovery. A scoping study is the first stage of the feasibility study process; what I think this means is that Xstrata has a sense that Donner may have already discovered enough tonnes to make their Bracemac - McLeod area viable - enough that Xstrata doesn’t need to bother waiting to see how large this discovery could grow to be or waiting for a published resource estimate. They must have a strong feeling that it’s already there, and are moving ahead.

The latest drill results in Donner’s October 27th news release show that the Bracemac - McLeod discovery continues to expand, and there’s still lots of room for it to continue growing. Xstrata is funding the scoping study so it runs alongside Donner’s delineation drilling.

It’s truly mind-boggling that a deposit this advanced has Donner’s stock trading at just $.09 a share and a market cap of less than $4 million. If you’re looking for companies that can more than survive the meltdown in the junior resource market, please allow me to suggest starting with Donner www.donnermetals.com

For those of you that missed my Friday night BNN interview, or for my American friends that don’t catch BNN, please find enclosed a link to my BNN Interview.

This is a two-part interview.  Wait for the video to go to second part when part one is finished.

DonnerMetals (DON-TSX-V $.25) – Another company that continues to see success from the drill bit. This stock never had the appreciation one could expect so it hasn’t been crushed like others in this overall annihilation of the junior market.