27 Mar

Strong Gold Results and New Targets At Dunnedin’s Trapper Project

March 27, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced results from exploration undertaken in October of 2016 designed to find additional gold zones at its 100% owned Trapper property.  Trapper is a copper-gold porphyry project in northern British Columbia with results that include high grade visible gold flanking copper-mineralized porphyry in drill core, and gold drilled across 2.2 kilometres.  Highlights of the current survey include:

 

  • 62 heavy mineral concentrate samples collected across 40 km2 of the project returned an average of 2.31 g/t (2,310 ppb) gold, with a range of 0 to 32.1 g/t (32,100 ppb) gold
  • High gold values occur upslope from previously drilled gold zones, defining new gold targets or significant step-outs to known zones

 

“We’ve now identified two main areas of gold mineralization at Trapper,” said Chris Taylor, Dunnedin’s President and CEO. “The first contains high gold values across more than three kilometres, with most samples originating upslope from past drilling and containing gold that must originate from new, untested targets.  This area generated strong gold values where drilled, and these new results suggest significant expansion potential.  A second area has also now been identified with consistently high gold values across two kilometres.  A drill hole completed within 500 metres of this target hit sulphide-rich porphyry style alteration, and the area was identified at that time as a priority for follow-up exploration.”

 

Table 1: Gold results from neutron activation testing of heavy mineral concentrates

Sample Gold (ppb) Sample Gold (ppb) Sample Gold (ppb) Sample Gold (ppb)
KB001 715 KB016 < 5 KB031 1420 KB048 6410
KB002 1110 KB017 < 5 KB032 6080 KB049 11700
KB003 1000 KB018 104 KB033 6100 KB050 1500
KB004 6670 KB019 137 KB034 174 KB051 3080
KB005 < 5 KB020 792 KB035 676 KB052 689
KB006 9580 KB021 181 KB036 446 KB053 2140
KB007 179 KB022 < 5 KB037 6670 KB054 32100
KB008 12000 KB023 74 KB038 3940 KB055 705
KB009 538 KB024 583 KB039 < 5 KB056 302
KB010 144 KB025 747 KB040 721 KB057 7970
KB011 1850 KB026 238 KB041 92 KB058 170
KB012 < 5 KB027 109 KB042 < 5 KB059 378
KB013 109 KB028 111 KB045 < 5 KB060 < 5
KB014 225 KB029 279 KB046 1780 KB061 6690
KB015 237 KB030 1980 KB047 46 KB062 107

Figure 1: Terrain map showing gold results, past drilling and primary target areas

DVI_NR_MAR27_gold-results

 

Table 2: Highlighted gold results from drill collar locations provided in Figure 1.


Drill Hole
From

(m)

To

(m)

Width* (m) Au (g/t)
TG-11-001 37.50 38.52 1.02 2.04
TG-11-004 105.41 117.00 11.59 1.18
TG-11-005 36.15 38.08 1.93 4.23
TG-11-006 27.74 37.86 10.12 1.09
TG-11-011 106.89 141.00 34.11 1.71
including 106.89 107.30 0.41 92.80
including 114.65 118.04 3.39 3.90
TG-11-013 250.03 255.03 5.00 1.39
TG-11-014 196.35 206.35 10.00 1.08
TG-11-018 88.00 93.00 5.00 1.78
TG-11-020 5.00 7.50 2.50 4.13
TG-11-038 122.50 137.50 15.00 1.68
including 132.50 136.73 4.23 5.08
and including 136.11 136.73 0.62 21.80
TG-11-039 67.50 97.50 30.00 1.01
including 70.00 72.50 2.50 2.19
including 77.50 80.00 2.50 2.98
including 82.66 85.00 2.34 2.64
TG-11-040 132.50 160.00 27.50 1.19
137.50 140.00 2.50 11.15

*Width represents core length and is not intended to reflect true width.

 

Two styles of mineralization have been drilled and mapped at Trapper.  The first is gold-rich semi-massive sulphide stockwork that was the focus of drilling in 2011.  This type of intermediate-sulphidation precious and base metal stockwork mineralization has been reported at many major porphyry deposits worldwide, typically overlying or flanking the primary copper porphyry centres.  Intervals at Trapper include 34.11 m of 1.71 g/t gold, including 0.41 m of 92.80 g/t gold, and 27.50 m of 1.19 g/t gold, including 2.50 m of 11.15 g/t gold.

 

The second style of mineralization is copper-mineralized alkalic porphyry.  Samples returning up to 0.57% copper in bedrock and 2.5% copper in float have been collected at Trapper including both bornite-chalcopyrite copper sulphide mineralization, and azurite-malachite copper oxide mineralization.  These targets have not yet been directly targeted by drilling at Trapper, although copper-mineralized porphyry diking has been intersected in drill core, along with high-energy porphyry style hydrothermal breccias and porphyry style alteration.

 

The Company will next asses the gold grain content and mineralogy of the heavy mineral concentrates to characterize proximity to gold sources, and to map porphyry alteration and base metal zonation across the project.  This will allow sample areas to be prioritized for follow-up exploration.  Results will be released as work is completed.

 

During the 2016 program, gravel, sand and silt were collected from stream and talus sources across the project, and sieved to -20 mesh to produce a 10 kilogram concentrate from each sample site.  Samples were further processed using various density and magnetic separation techniques at CF Mineral Research Ltd. of Kelowna, British Columbia, to produce heavy mineral concentrates.  Each concentrate was partitioned into a sample sent for neutron activation assaying of gold content at Activation Laboratories Ltd. (“ActLabs”) of Ancaster, Ontario, from which the results in this release are provided, and a sample kept by the Company for further gold grain and mineral analysis.

 

The Company has also granted an aggregate of 325,000 stock options to consultants of the Company, exercisable at $0.37 per share for a period of five years.

 

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

 

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

 

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

 

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12 Jul

Dunnedin Adds Diamond Expertise to Board and Reports Permitting Progress

July 12, 2016 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to report management changes to strengthen its diamond focus, and receipt of permits supportive of exploration work through 2017 – 2018.

 

The Company announces the appointment of Ms. Claudia Tornquist and Mr. Chad Ulansky to the Company’s Board of Directors, and the movement of Mr. Patrick McAndless and Dr. Gilles Arseneau to the Company’s Technical Advisory Board.

 

Ms. Tornquist has been a Technical Advisor to Dunnedin since 2015, and was formerly a General Manager at Rio Tinto working extensively with Rio Tinto’s diamond mines and development projects in Canada and Australia.  She also worked as Executive VP Business Development for the royalty company Sandstorm Gold Ltd., financing junior mining companies with stream finance, equity and debt, and is currently also on the Board of Kennady Diamonds Inc.  Ms. Tornquist holds Masters degrees in Engineering and Business Administration.

 

Mr. Chad Ulansky, a professional geologist, is currently President and CEO of Metalex Ventures Ltd. and Cantex Mine Development Corp., as well as serving as director of several public and private mineral exploration companies.  Mr. Ulansky holds a Bachelor of Science degree in Geology from the University of Cape Town and has diamond exploration experience that includes the original Ekati diamond discovery and has since spanned fifteen countries on four continents.  Mr. Ulansky, together with Dunnedin’s advisor Dr. Charles Fipke, guided Dunnedin’s till sampling program in 2015, results of which are expected in the near future.

 

The Company also reports it has received a positive vote from the Chesterfield Inlet Community Lands and Resource Committee (CLARC) for its multi-year diamond exploration program. The positive endorsement of Dunnedin’s exploration plan is contingent upon 1) Dunnedin integrating community knowledge into its work in order to minimize impacts upon wildlife, and 2) Dunnedin providing assistance to the Kivalliq Inuit Association (the “KIA”) with cleanup of the abandoned Shear Minerals exploration camp at Josephine Lake.  While not on the Kahuna project claims, the camp is a concern for many local residents and Dunnedin has formally offered assistance with the KIA’s upcoming cleanup efforts.  Such assistance is expected to take the form of transportation of people and equipment to and from the camp while the KIA remediates the site, during Dunnedin’s upcoming field program.

 

Following the CLARC endorsement, Dunnedin received a staking and prospecting permit from the KIA that is valid through 2018.  This allows the Company to undertake mapping, sampling and bulk sampling on Inuit controlled lands similar to that which it completed at the Kahuna project in 2015.  The Company also holds a permit from Indigenous and Northern Affairs Canada allowing such work on federally controlled lands that is valid until 2017.

 

In meetings held in Chesterfield Inlet last week, Hamlet Mayor and head of the Hunters and Trapper’s Association Barney Aggark was pleased to hear that Dunnedin had come into the community and cleared up confusion about the location of proposed exploration activities, and had made commitments to support the KIA’s clean-up of the Shear Minerals camp and engage wildlife monitors from the community during upcoming field work.  The Company would like to thank community members at large and community leaders in Chesterfield Inlet and Rankin Inlet for their time, advice and offers to guide personnel during upcoming field work.

 

Dunnedin is currently finalizing its Wildlife and Environment Monitoring and Mitigation Plan with input from community members and will soon submit its amended application for multi-year bulk sampling and drilling beyond 2017- 2018 to the Nunavut Impact Review Board.

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084.

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

 

Chris Taylor

Chief Executive Officer

 

About the Kahuna Project

 

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.  Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in summer 2015.  An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm).

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

 

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11 Apr

Dunnedin Provides Community Consultation and Permitting Update

April 11, 2016 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) reports that company representatives will be meeting April 11-15, 2016 with the Nunavut communities of Rankin Inlet and Chesterfield Inlet to discuss proposed exploration  plans, seek their advice and collaborate on a Wildlife and Environment Monitoring and Mitigation Plan (WEMMP).  Dunnedin invites all local community members interested in discussing the Company’s plans to meet with Chris Taylor, Dunnedin’s CEO.  Locations and times of meetings have been published to community bulletin boards and provided to local groups.

 

The Company also reports that while its current exploration permit remains in effect until mid-2017, it also submitted a multi-year exploration permit application in December 2015, well in advance of the current permit’s expiry.  The proposed work pertains to speculative future activities that are contingent upon current results, not to its current exploration program.  Upon review, the Nunavut Impact Review Board (NIRB) recommended that the Company should meet with members of the local communities to explain the Company’s plans and to seek advice including traditional knowledge that may be incorporated into the Company’s proposed exploration activities. The Company is currently updating its application with input from the communities as recommended by the NIRB.  Over the coming months, the updated application will be reviewed by Indigenous and Northern Affairs Canada (INAC) to determine if it is acceptable as submitted, requires further changes, or should be resubmitted.

 

“We submitted a multi-year exploration permit application almost two years before required, in order to ensure Dunnedin has ample time to work within regulatory guidelines and incorporate any guidance from local groups,” said Chris Taylor, Dunnedin’s CEO. “Changes have recently been made to Nunavut’s mineral exploration regulations, and we decided to be proactive as it will take time for companies, government and local interests to adapt.  I would like to apologize on behalf of the Company for not having yet consulted with all community members at the time of our application’s submission.  We look forward to building meaningful relationships with both communities, and to integrating local knowledge into our application to ensure an effective and responsible program.  I invite anyone who is interested to meet with me in Rankin Inlet and Chesterfield Inlet during the week of April 11 to 15.”

 

The Company notes that some community members have raised concerns with the NIRB about a mineral exploration camp abandoned by now defunct Shear Minerals Ltd.  The camp is not located on Dunnedin’s mineral claims and is several kilometres away from the nearest diamond occurrences and proposed exploration areas.  Dunnedin has no legacy or current involvement with the site, but is sympathetic with these concerns and has included up-to-date best practices in its exploration permit application that it is now updating with local guidance to minimize any potential impacts of its proposed work.

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084.

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

 

Chris Taylor

Chief Executive Officer

 

About the Kahuna Project

 

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.  Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in summer 2015.  An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm).

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

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