Donner Metals has a new zinc/copper mine anticipated to go into production in Q1 2013 – only 12 months away. This is the Matagami Project in Québec, with joint venture partner Xstrata Zinc. At this point Donner has covered all of its development requirements for a 35% interest in the new mine. Donner presents worthy consideration to speculators who like to see a significant portion of high risk already removed.

Recent news from Donner has the development work tracking on schedule and on budget. Haywood released an in-depth 52-page report on Donner with a target price of $0.40. You can read the Haywood report about “A New Zinc Producer, Hidden in Xstrata’s Shadow” posted here: www.grandich.com/2011/12/grandich-client-donner-metals-9/.

Numerous forecasts are showing that zinc cab be in deficit in the near future. Large producers of zinc are shutting down, coming to an end to the life of mine, or trying to operate in remote or expensive areas. Donner’s new mine is in an existing camp with infrastructure, permitting, and facilities in place. The deposit has the potential to expand to 8+ years of mine life, and is largely open around the deposit, with drilling planned to investigate for further mineralization.

For those of you who like to roll the dice, (a big part of speculating/gambling in the junior mining industry,) you have the added benefit of ongoing year-round drilling at the Matagami Project. Often overlooked is the fact that the property is 4,750 square kilometres – an area about 6 times the size of New York City. That means a lot more exploration potential and drill-ready targets to go after within the camp.

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Posted in A Grandich Company All Posts Base Metals Canadian Stocks Donner Metals Exploration Shares Mining Shares Zinc by Peter Grandich