GREY:STTYF - Post by User
Post by
Kewl2on Feb 22, 2012 7:39am
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Post# 19565277
Donner -update on Bracemac-McLeod
Donner -update on Bracemac-McLeod Sandstorm has acquired 17.5% of the life of mine copper produced from the Xstrata operated Bracemac-McLeod Property for an upfront payment of US$20 million plus ongoing per pound payments equal to the lesser of US
.80 and the then prevailing market price per pound of copper.
Donner Metals Ltd.: Development to Reach the McLeod Zone a Year Ahead of Schedule
https://www.marketwire.com/press-release/donner-metals-ltd-development-to-reach-the-mcleod-zone-a-year-ahead-of-schedule-tsx-venture-don-1622601.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2012) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M) provides an update on positive changes to the development plan for the Bracemac-McLeod Mine as reported to the Company by partner and project operator Xstrata Canada Corporation-Xstrata Zinc Canada Division ("Xstrata Zinc"). Following on Xstrata Zinc's objective to continuously improve the development plan at Bracemac-McLeod, the mine design has been revised to access the McLeod Zone with two ramps by early 2013 as opposed to late 2013 under the original plan. This change will be accommodated within the existing development budget and reschedules production from McLeod to commence in late 2013 as opposed to mid 2014 under the original schedule. The new development plan improves the overlap and timing of production from both the Bracemac and McLeod zones.
much more at above link.......................