Denison Mines Corp T.DML

News

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FOR : Donner Minerals Ltd. TSX VENTURE SYMBOL: DML OTC Bulletin Board SYMBOL: DNNMF FRANKFURT SYMBOL: DNL August 29, 2002 Donner Minerals Ltd.: SVB Project Update VANCOUVER, BRITISH COLUMBIA--Further to the news release dated August 16, 2002, Mr. Harvey Keats, President of Donner Minerals Ltd., reports that five holes have now been completed on the South Voisey Bay Project. The assays received to date for the fifth hole (SVB-02-141) are included in the attached table. No additional assays for holes two through four have been received at this time. SVB-02-141 located on the South Gabbro, was drilled to a total depth of 375.0 metres and intersected the base of the gabbro at 282.1 metres. Numerous semi-massive to massive sulphide veins were intersected between 245.9 and 284.4 metres. The veins are hosted by serpentized ultramafic and quartzite. Selected veins were assayed on a priority basis and nickel grades are less than 1%. Falconbridge is currently reviewing and interpreting all of the results to date and drilling on the project has been suspended. Falconbridge will decide shortly whether to carry out additional field work this season, or to resume geophysics and drilling in 2003. The 2002 exploration program is being carried out and funded by Falconbridge Limited under an agreement whereby Falconbridge can earn a 50% interest in the South Voisey Bay Project. All holes drilled this season have been drilled on the South Gabbro on SVB Nickel Company Ltd. ("SVBN") ground. The ownership of SVBN is as follows: Donner Minerals Ltd. 76.69%; Cypress Development Corp. 11.36%; NDT Ventures Ltd. 6.55%; UC Resources Ltd. 5.40%. In addition to the above, geology and geophysics have been carried out on joint venture ground held by Donner/Northern Abitibi Mining Corp., Donner/Commander Resources Ltd. and SVBN/Pallaum Minerals Ltd. ON BEHALF OF THE BOARD OF DONNER MINERALS LTD. Harvey Keats, President /T/ Attachment to News Release dated August 29, 2002 Drill Hole SVB-02-141 ------------------------------------------------------------------ From (m) To (m) Interval (m) Mineralization Ni % Cu % Co % 253.28 253.53 0.25 70% sulphide 0.73 0.23 0.04 255.14 256.06 0.92 80% sulphide 0.51 0.30 0.03 256.06 257.00 0.94 80% sulphide 0.61 0.29 0.04 257.00 257.40 0.40 50% sulphide 0.37 0.28 0.02 258.89 259.23 0.34 75% sulphide 0.42 0.10 0.03 259.70 260.00 0.30 60% sulphide 0.46 0.20 0.03 261.56 262.25 0.69 50% sulphide 0.49 0.18 0.03 262.39 262.71 0.32 60% sulphide 0.60 0.12 0.04 ------------------------------------------------------------------ /T/ - 30 - FOR FURTHER INFORMATION PLEASE CONTACT : Donner Minerals Ltd. Harvey Keats President Phone: [phone] Fax: [phone] or Toll Free: 1-800-909-8311 Email: [e-mail] Website: www.donner-minerals.com THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE INDUSTRY : CGL SUBJECT : DRM