22 May 2019

Dunnedin Closes Acquisition of the Mohave Copper Porphyry Project in Arizona, USA

May 22, 2019 – Vancouver, British Columbia

Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced that it has closed the acquisition of 100% of the Mohave copper-molybdenum-silver porphyry project (“Mohave”) in Mohave County, Arizona, USA, from Bluestone Resources Inc. (“Bluestone”). For details of the transaction see Dunnedin’s news release of March 4, 2019.

Claudia Tornquist, President and CEO of Dunnedin, said, “We are thrilled to close this acquisition which expands Dunnedin’s copper portfolio to three advanced stage porphyry projects in North America. At Mohave we will benefit from the excellent work done by the previous operator Bluestone from whom we inherited a comprehensive suite of high-quality exploration data. In 2011 Bluestone drilled 11 core holes and reported anomalous mineralization over significant intervals in all holes.  The work to date strongly indicates that there is a large system of porphyry style Cu-Mo-Ag mineralization present at Mohave and we have a number of promising drill targets which we intend to follow-up on in the fall, after we complete the summer exploration programs on our Canadian porphyry projects MPD and Trapper.”

Mohave Project Summary

Mohave is a 10 km2 property located in the prolific mineral producing Basin and Range Province of Arizona and 33 kilometres west of Freeport McMoran’s Bagdad copper porphyry mine. The project is ideally situated just west of Highway 93 which links Las Vegas and Phoenix (Figure 1).

Figure 1 – Location

Limited exploration at Mohave to date (26 drill holes since 1960’s) clearly indicates the potential to discover a sizeable porphyry style copper-molybdenum-silver (Cu-Mo-Ag) deposit. Historic geological, geochemical and geophysical data shows the project has many hallmarks of a silica-rich calc‐alkalic porphyry system:

  • Cu-Mo-Ag geochemical anomalies and structural controls are associated with Laramide intrusions, analogous to those described at Bagdad
  • Multiple and complex Cu-Mo-Ag emplacement is related to lithological and structural events (breccias, hydrothermal veining/stockwork) with younger Mo-Ag and Pb-Zn-Ag overprints
  • Examples of reported historic values include 0.49% Cu over 59.4 m, 0.2% Cu, 0.011% Mo, and 2.35 g/mt Ag over 65.8 m and 0.3% Cu, 0.01% Mo, and 2.54 g/mt Ag over 70.7 m
  • A broad Induced Polarization (IP)/chargeability anomaly 4 km long and 3 km wide, bounded by semi‐circular structure/faults and coinciding with strong Cu-Mo and Ag rock and soil geochemical anomalies
  • Presence of supergene oxidation of a quartz vein pyrite‐chalcopyrite hypogene sulfide system
  • Typical concentric alteration pattern and assemblages consistent with potassic, intermediate argillic, phyllic and propylitic horizontal and vertical zonation

Recent comprehensive work by the previous operator Bluestone provides Dunnedin with a solid framework from which to resume exploration. Bluestone reported favourable mineralization at surface to depths of 390 m from the first drill program in over 20 years (3,500 m in 11 inclined holes in 2011).  Bluestone’s work also included: IP/magnetic/radiometric ground geophysics, ASTER remote sensing, >1,000 rock and soil geochemical samples, petrography/age dating and detailed lithological-structural-alteration mapping. Many of the datasets demonstrate the distinctive round or “donut-shaped” features typical of porphyry centres (Figures 2).

Figures 2 – Ground magnetics, IP sections, copper geochemistry and molybdenum geochemistry

Dunnedin’s exploration program in 2019 will evaluate historically defined targets, coincident geophysical/geochemical signatures and in particular, numerous anomalies not yet tested by previous drilling.

Disclaimer

Management cautions that Dunnedin has not performed any exploration on the Mohave Project to date. Historic information reported herein was obtained from publicly available and industry related reports. This news release contains historic data that Dunnedin believes to be from reliable sources using industry standards at the time, but the Company has not independently verified, or cannot guarantee, the accuracy of the information disclosed, and readers should use caution in placing reliance on such information. Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Dunnedin has no interest in, or rights to explore or mine any such properties and references to deposits and reserves reported herein are not indicative of deposits or results obtained on the Company’s properties.

Jeff Ward, P.Geo, Vice President Exploration and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360 or khenderson@dunnedinventures.com.
On behalf of the Board of Directors

Dunnedin Ventures Inc.

Claudia Tornquist
President & CEO

About Dunnedin Ventures Inc.

Dunnedin Ventures is advancing copper porphyry projects in Canada and the USA; and the Kahuna diamond project in Nunavut, Canada. Dunnedin’s porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. They include the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia and the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.

The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets.  Dunnedin holds diamond interests in 1,664 km2 of mineral tenure located 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine.  Dunnedin’s exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.

Based in Vancouver, Dunnedin is backed by a world-renowned team of exploration experts with decades of combined exploration experience and significant capital market strength. Dunnedin is part of the Discovery Group of companies led by John Robins, one of the most successful mining entrepreneurs in Canada.

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. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, except as required by applicable securities laws.

 

Share this
20 Mar 2019

Dunnedin Defines Potential Diamond Source Target Area at Kahuna Project, Nunavut

March 20, 2019 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced results from 109 till samples collected in the Josephine Target Area (JTA) during the fall of 2018. Results have defined a discrete target area for potential diamond sources of 3 km2 at the head of the JTA, a trend of abundant high-quality diamond indicator minerals (DIM) for which no source is known yet. Although the focus of Dunnedin’s near-term exploration plans will be on its recently expanded portfolio of large-scale copper porphyry projects in Canada and the USA (see news releases of November 29, 2018 and March 4, 2019), the Company’s next diamond-focused exploration campaign will be aimed at the discovery of kimberlite pipes within this newly defined area.

The Company collected approximately 750 till samples in the JTA in the fall of 2018, of which 109 priority samples have been analysed by CF Mineral Research Ltd. (“CFM”) laboratory in Kelowna, BC.  Superior DIM chemistry in these recent results confirms that the JTA is the most prospective area on the Kahuna property to host significantly diamondiferous kimberlite (see Figure 1). A summary of these select till results are as follows:

  • Ranked results from 109 priority samples have constrained the source of DIMs to a 3 km2 area at the northwest up-ice end of the JTA
  • The discreet trend of abundant of high-quality DIMs in the JTA have led to a target area with no known diamond sources yet
  • Individual sites having unique DIM abundance and chemistry, but internal to the JTA trend, are also considered priority targets
  • Geophysical targeting will focus on pipe-like signatures and untested geophysical responses identified to date
  • Priority targets will be tested with core drilling with program and budget to be determined in early 2019

“The Josephine Target Area is the most intriguing and prospective area on the Kahuna project,” said Claudia Tornquist, President of Dunnedin. “We believe it has exceptional potential for the discovery of one or several large diamond sources. With the help of our advisor, diamond expert Dr. Chuck Fipke, we have systematically analysed a large number of samples across our property over the course of four years to vector in on new diamond-bearing kimberlites. Last year’s exploration program and this latest batch of samples was a big step forward as we now have narrowed down our search for new diamond-bearing kimberlites to a small area of only 1,500 m by 2,250 metres. We are pleased that the recent sample results show a clear cut-off of the indicator mineral train, signifying that we are now close to the one or more diamond sources. The next step will be to define discreet drill pipe-like targets for our next exploration program.”

Figure 1: Josephine Target Area, Kahuna Diamond Project, Nunavut, Canada

QA/QC

Till samples collected on the Kahuna property are shipped to the CF Mineral Research Ltd. (“CFM”) laboratory in Kelowna, BC for processing and analysis. Using a scanning electron microprobe (“SEM”), CFM employs proprietary mineral chemistry filters and classification criteria to determine diamond indicator minerals (“DIM”), which distinguish indicator minerals that formed with diamonds from those just associated with kimberlite host rocks (“KIM”). Sample sites are subsequently ranked from 1 (low priority) to 10 (high priority) based on both the quantity and quality of DIMs and quantity of KIMs in each sample. CFM operates using reference standards, internal quality assurance protocols, security and operating procedures for processing, recovery and reporting of results. The CFM laboratory is accredited and audited for international quality standards through the International Organization for Standardization/International Electrotechnical Commission (ISO/IEC) 17025:2005, which includes ISO 9001:2015 specifications.

Jeff Ward, P.Geo, Vice President Exploration and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360 or
khenderson@dunnedinventures.com.

On behalf of the Board of Directors
Dunnedin Ventures Inc.

Chris Taylor
Chief Executive Officer

Claudia Tornquist
President

 

About Dunnedin Ventures Inc.

Dunnedin Ventures Inc. (TSX-V: DVI) is advancing its 100% owned Kahuna Diamond Project in Nunavut, and copper porphyry projects in British Columbia and Arizona, USA.  The Kahuna Project hosts a high-grade, near surface inferred diamond resource and numerous kimberlite targets. The Company is working with its advisor and largest shareholder Dr. Chuck Fipke to define and prioritize drill targets based on an extensive historic data set, and diamonds and indicator minerals recovered from a series of kimberlite and till samples collected by Dunnedin over four seasons of field work.

Dunnedin also holds 100% interests in the Trapper Porphyry Project in the northern Golden Triangle region of British Columbia, and the MPD Project in south-central British Columbia near Princeton. The Trapper and MPD Projects are interpreted to overlie gold-rich copper porphyry systems having surface geochemical, geophysical and regional alteration signatures of considerable size. In March 2019, Dunnedin entered into a letter of intent to acquire 100% of the Mohave copper-molybdenum-silver porphyry project in Yavapai County, Arizona, USA.

Based in Vancouver, Dunnedin is part of the Discovery Group of companies led by John Robins, a mining entrepreneur who founded and chaired of Kaminak Gold which Goldcorp acquired for $520 million . Dunnedin’s management team has significant capital market strength and is backed by an experienced team of exploration experts with a track record of discovery.

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. Accordingly, readers should not place undue reliance on forward-looking statements.  Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, except as required by applicable securities laws.

Share this
11 Oct 2018
14 Aug 2018

Dunnedin Closes Private Placement, Prepares for Fall Sampling Program

August 14, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced that it has closed a non-brokered private placement of non flow-through units (each, a “NFT Unit”) and flow-through shares (each, a “FT Share“) for gross proceeds of $1,802,500 (the “Offering”).

The Company has issued 5,080,000 NFT Units at a price of $0.20 per share and 3,419,565 FT Shares at a price of $0.23 per share through the Offering. Each NFT Unit consists of one common share and one-half-of-one common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.28 for a period of twenty-four months.  The common share purchase warrants issued as part of the NFT Units are subject to accelerated expiry in the event the common shares of the Company trade on the TSX Venture Exchange at a volume weighted average price (VWAP) of $0.45 or more for twenty consecutive trading days.

Claudia Tornquist, President of Dunnedin, said, “To date in 2018 we have successfully extended two of our diamond-bearing kimberlite dikes, discovered a new kimberlite pipe and proven the effectiveness of our methods for locating new kimberlites by analysing at-surface diamond indicator minerals. We are currently awaiting the diamond recovery results from the kimberlite pipes drilled during our recent summer program, which are expected throughout the fall. In the meantime we are preparing to conduct additional field work to inform our next drill program in winter and, working with our advisor and largest shareholder Dr. Chuck Fipke, we continue to prioritize numerous additional kimberlite targets.”

Proceeds of the Offering will be used to fund the Company’s exploration and analysis work on the Kahuna Diamond Project in Nunavut and for general corporate purposes.

In connection with the closing of the placement the Company paid finders’ fees of $80,490 and issued 367,761 common share purchase warrants exercisable to acquire common shares of the Company (each, a “Finders Warrant”) to eligible parties who introduced subscribers to the placement.  All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period from the date of issue, expiring on December 15, 2018.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360 or khenderson@dunnedinventures.com.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor                                     Claudia Tornquist
Chief Executive Officer                   President

About the Kahuna Project

Dunnedin Ventures Inc. (TSX-V: DVI) is focused on its 100% owned, advanced-stage Kahuna Diamond Project in Nunavut which hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets.  The Company holds diamond interest in 1,664 km2 of mineral tenure located 26 kilometers northeast of Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine.  To define and prioritize kimberlite pipe targets Dunnedin has evaluated an extensive historic data set and recovered diamonds and indicator minerals from a series of kimberlite and till samples over three seasons of field work. Working with advisor and largest shareholder Dr. Chuck Fipke, the Company has used the same till sampling and mineral screening protocols employed during Dr. Fipke’s discovery of Canada’s first diamond mine at Ekati, NWT, but improved by over 20 years of additional diamond data and experience.  The Kahuna Diamond Project has an Inferred Resource Estimate of 3,987,000 tonnes at an average grade of 1.01 carats per tonne, totalling over 4 million carats of diamonds (+0.85 mm) (see news release dated March 31, 2015).  The largest diamond recovered from the property to date is a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats.  Based in Vancouver, Dunnedin is backed by a world-renowned team of diamond experts with decades of combined experience in Arctic exploration and significant capital market strength.

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. Accordingly, readers should not place undue reliance on forward-looking statements.  Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, except as required by applicable securities laws.

Share this
29 Mar 2018

Dunnedin Reports Drill Plans And Commences 2018 Exploration Program

March 27, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company”) (TSX-V: DVI) today reports its drill plans and announces the commencement of its 2018 exploration program. Drill crews and equipment have been mobilized and preparations are under way to commence drilling of high–priority kimberlite targets at its 100% owned Kahuna project, Nunavut.  Drilling is expected to begin near the end of March and will continue through April as conditions permit.

A total of 17 high-priority targets have been identified for drill testing in the winter of 2018.  Most targets are pipe-like geophysical signatures associated with diamond indicator mineral chemistry occurring down-ice. In addition, drilling will investigate untested “blows”, or potentially wide sections along known high-grade diamond bearing kimberlite dikes. In order to ground-truth and delineate the drill targets, ground geophysical surveying using magnetic and OhmMapper electric-resistivity methods are currently being undertaken.

Chris Taylor, Dunnedin’s CEO stated, “We have observed excellent indicator mineral chemistry that is associated with diamonds at producing mines in till samples collected down-ice from our new drill targets.  In many locations the known diamond-bearing kimberlite dikes are unlikely to be the source of this chemistry, and the potential to identify new diamond-bearing kimberlites is high in these areas.”

Claudia Tornquist, Dunnedin’s President said, “This drill program is the culmination of three years of field work and the analysis of an extensive historic data set. We are fortunate to count Dr. Charles (Chuck) Fipke as our advisor whose expertise in prioritizing the most prospective drill targets is second to none. Our world-class exploration team benefits from many years of experience in Nunavut, and I am confident we have all the pieces in place to make this drill program a success.”

The 2018 winter drill targets occur in six priority clusters on the Kahuna Property and are presented as Figure 1a and 1b below.  The Company’s extensive historic geophysical database was used to model target areas three dimensionally and several targets demonstrate significant depth extent below 200 metres.  An example of geophysical compilation and modelling on high priority target KH009-01 is provided as Figure 2.

Dunnedin will utilize a Rotary Air Blast (“RAB”) rig to economically test the maximum number of targets during this maiden drill program.  The drilling is expected to reach depths of 50 to 75 metres, with the goal of collecting up to 250 kilograms of material from each new kimberlite. The material will be analyzed for microdiamond content and results are expected in late Q2 2018. Kimberlites that prove to be significantly diamondiferous will be further tested on future programs to determine size and to obtain mini-bulk samples. In addition, the Company continues to complete indicator mineral recovery, analysis and ranking from a remaining 733 priority till samples collected on the Kahuna property in 2017. Results will further delineate the six priority areas on the property (see February 22, 2018 news release).

Figure 1a: Winter 2018 Drill Targets – South Boundary Area

Figure 1b: Winter 2018 Drill Targets – Josephine Area

Figure 2: Geophysical Compilation of Kimberlite Target KH009-01

QA/QC

Till samples collected on the Kahuna property are shipped to the CF Mineral Research Ltd. (“CFM”) laboratory in Kelowna, BC for processing and analysis. Processed heavy mineral concentrates are picked for kimberlite indicator minerals (“KIM”) and high probability kimberlitic grains are selected and probed by scanning electron microprobe (“SEM”) for constituent chemistry, providing definitive mineral identification. CFM employs proprietary mineral chemistry filters and classification criteria to determine diamond indicator minerals (“DIM”), which distinguish indicator minerals that formed with diamonds from those just associated with kimberlite host rocks. Sample sites are subsequently ranked from 1 (low priority) to 10 (high priority) based on both the quantity and quality of DIMs and quantity of KIMs in each sample. This discrimination using proprietary CFM classifications and rankings allow the Company to potentially differentiate diamond-bearing kimberlite sources from those which are not.

CFM operates using reference standards, quality assurance protocols, security and operating procedures for processing, recovery and reporting of kimberlite indicator minerals. The CFM laboratory is accredited and audited for international quality standards through the International Organization for Standardization/International Electrotechnical Commission (ISO/IEC) 17025:2005, which includes ISO 9001:2015 specifications.

Jeff Ward, P.Geo, Vice President Exploration and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this release.

For further information please contact Knox Henderson, Investor Relations, at 604-551-2360 or khenderson@dunnedinventures.com.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Dunnedin Ventures Inc., (TSX-V: DVI) is a Vancouver-based company whose primary asset is the 100% owned, advanced-stage Kahuna Diamond Project in Nunavut which hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets.  The Company holds diamond interest in 1,664 km2 of mineral tenure located 26 kilometers northeast of Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine.  To define and prioritize kimberlite pipe targets Dunnedin has evaluated an extensive historic data set and recovered diamonds and indicator minerals from a series of kimberlite and till samples over three seasons of field work. Working with advisor and shareholder Dr. Chuck Fipke, the Company has used the same till sampling and mineral screening protocols employed during Dr. Fipke’s discovery of Canada’s first diamond mine at Ekati, N.W.T., but improved by over 20 years of additional diamond data and experience.  The Kahuna Diamond Project has an Inferred Resource Estimate of 3,987,000 tonnes at an average grade of 1.01 carats per tonne, totalling over 4 million carats of diamonds (+0.85 mm) (see news release dated March 31, 2015).  The largest diamond recovered from the property to date is a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats.  Dunnedin is backed by a world-renowned team of diamond experts with decades of combined experience in Arctic exploration and capital markets strength.

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.

Share this
29 Dec 2017

Shareholders Approve Plan of Arrangement to Spin Out Gold Assets at Kahuna Project

December 29, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced results of an Annual General and Special Meeting (the “Meeting”) of shareholders (the “Shareholders”) held on December 22, 2017.

At the Meeting, Shareholders approved a plan of arrangement (the “POA”), involving the Company and its wholly-owned subsidiary Solstice Gold Corp. (“Solstice”), pursuant to which the Company will spin out Solstice as a separately listed company (see press releases dated November 29, 2017; November 27, 2017; May 11, 2017; May 1, 2017 and November 23, 2016).  Under the terms of the POA, shareholders of record of Dunnedin on July 17, 2017 will be entitled to receive one share of Solstice for every three shares of Dunnedin held.

Following the Meeting, the Company was granted a final order from the Supreme Court of British Columbia, approving the POA.  Completion of the POA remains subject to the satisfaction of certain closing conditions, and the Company will issue a further news release once the effective date for completion of the POA has been confirmed.

Solstice holds Dunnedin’s gold mineralization rights covering the Kahuna Project (“Kahuna”), including registered ownership of 66 full claims, 50% of 12 additional claims as well as certain other mineral rights.  Solstice will be operated by an experienced management team comprised of Executive Chairman David Adamson Ph.D., President Marty Tunney P.Eng., Vice President Exploration Bob Singh P.Geo, and Chief Financial Officer Tony Ricci CPA, CA.

Investors are cautioned that, except as disclosed in the management information circular prepared in connection with the POA, any information released or received with respect to the POA may not be accurate or complete and should not be relied upon.  The TSX Venture Exchange has in no way passed upon the merits of the proposed POA and has neither approved nor disapproved the contents 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

 

About the Kahuna Project

Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent interest.  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 from three seasons of field work.  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, and remains open to extension.  The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond 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 2.03 tonne sample of the PST kimberlite dike which returned 223 macrodiamonds totalling 8.17 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 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.

Share this
29 Nov 2017

Dunnedin Provides Update on Spin-Out and Meeting of Shareholders

November 29, 2017 – Vancouver, BC, Canada – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced that it has mailed its meeting materials for an Annual General and Special Meeting (the “Meeting”) of shareholders to be held on December 22, 2017 at the offices of Cassels Brock & Blackwell LLP, Suite 2200, 885 West Georgia Street, Vancouver, British Columbia, V6C 3E8 at 10:00 a.m. (PST) to shareholders of record on October 27, 2017 (the record date for the purposes of determining the shareholders entitled to vote at the Meeting).

At the Meeting, in addition to regular business, shareholders will be asked to consider and vote upon a proposed plan of arrangement (the “POA”), involving the Company and its wholly-owned subsidiary, Solstice Gold Corp. (“Solstice”).  Pursuant to the POA, the Company proposes to spin out Solstice as a separate reporting issuer.  Under the terms of the POA, shareholders of record on July 17, 2017 (the record date for the purposes of determining the shareholders entitled to receive common shares of Solstice), will receive one common share of Solstice for every three common shares of Dunnedin held by them.  In addition, option and warrant holders of Dunnedin will receive options or warrants to acquire common shares of Solstice, exercisable in similar terms and taking into account the above distribution ratio.

Prior to completion of the POA, Dunnedin will transfer certain mineral claims and rights to all minerals, excluding diamonds, gemstones and all minerals found within kimberlitic rocks on the Kahuna property and $1,000,000 in cash to Solstice in return for shares of Solstice which will then be distributed to Dunnedin shareholders.  Based on the total outstanding common shares of Dunnedin as at July 17, 2017, the total number of shares of Solstice to be distributed will be approximately 34,418,922.

In addition, as disclosed in the Meeting materials, the Company is pleased to announce that an experienced and proven management team has been engaged to operate Solstice, comprised of Executive Chairman David Adamson Ph.D., President Marty Tunney P.Eng., Vice President Exploration Bob Singh P.Geo, and Chief Financial Officer Tony Ricci CPA, CA.

Completion of the POA remains subject to the satisfaction of certain closing conditions, including, among other things, approval of shareholders at the Meeting, and receipt of a final order of the Supreme Court of British Columbia.  For further information concerning the POA, readers are encouraged to review the notice of meeting and management information circular describing the terms of the POA, all of which are available under the Company’s profile on SEDAR (www.sedar.com).

The Board of Directors of the Company has unanimously approved the POA and recommends that shareholders vote in favour of the POA.

 

Mr. Jeff Ward, P.Geo, 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

 

About the Kahuna Project

Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent interest.  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 from three seasons of field work.  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, and remains open to extension.  The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond 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 2.03 tonne sample of the PST kimberlite dike which returned 223 macrodiamonds totalling 8.17 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 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.

Share this
27 Nov 2017

Dunnedin Ventures Announces Management Team for Spinout – Solstice Gold – and Provides Gold Results from the Kahuna Property

Vancouver, British Columbia–(Marketwired – Nov. 27, 2017) – Dunnedin Ventures Inc. (“Dunnedin”) (TSX Venture:DVI) is pleased to announce details of the gold vehicle spinout originally announced on July 20, 2017. The spinout will take place via Plan of Arrangement (“POA”) in British Columbia, the details of which will be provided in a separate news release in the near future. The new gold vehicle is named Solstice Gold Corporation (“Solstice”, “SGC” or the “Company”) and is currently a wholly owned subsidiary of Dunnedin. Following a positive Dunnedin shareholder vote approving the spinout, the Company anticipates it will be listed and begin trading on the TSX Venture Exchange as soon as practicable following the POA. The Date of Record for the spinout was July 17, 2017 after which shares of Dunnedin have been trading ex-dividend.

Solstice is a new gold-focussed exploration company created through the spinout by Dunnedin Ventures Inc. of 66 full claims, 50% of 12 additional claims and certain other rights1 covering the district scale Kahuna Project (“Kahuna” or the “Project”), all with no underlying option or earn in payments. Kahuna is located in Nunavut, Canada only 26 km from Rankin Inlet and approximately 7 km from the Meliadine gold deposits owned by Agnico-Eagle Mines Ltd. (TSX: AEM; “Agnico”).

Highlights of 2017 exploration include up to 34.9 g/t Au in boulders, up to 8.8 g/t Au in bedrock and seven elevated gold in till target areas.

An experienced and proven management team has been engaged to operate Solstice, comprised of Executive Chairman David Adamson Ph.D., President Marty Tunney P.Eng., Vice President Exploration Bob Singh P.Geo, Chief Financial Officer Tony Ricci CPA, CA and Strategic Advisor Chris Taylor, M.Sc. P.Geo. The Board of Directors is made up of David Adamson – Chairman, Chris Taylor, Chad Ulansky and Michael Leskovec. All of the details from this news release along with graphics and images can be found in the Company’s investor presentation available at www.solsticegold.com/presentation.pdf.

Management and Board
David Adamson M.Sc., Ph.D., Executive Chairman. Mr. Adamson has over 25 years of experience in the mineral deposit industry. David has a proven record of creating shareholder value by identifying opportunities, making discoveries and advancing them through the exploration stage to development. In 2010 he received the AME BC Colin Spence award for Excellence in Global Mineral Exploration. He has played a key role in five mineral deposits one of which is currently advancing a four million ounce M&I gold deposit. David is well experienced in the capital markets and has raised well over $500 million to date. He has been a member of senior management and board member of several publicly traded companies. Mr. Adamson holds both an M.Sc. and Ph.D. in economic geology.

Martin Tunney, P. Eng., President. Mr. Tunney began his 14 years of experience in the mineral industry as a mining engineer working for Inco and then Newmont Mining Corp. (NYSE: NEM). His capital markets experience includes working for two Investment Banks where he worked on transactions of all sizes including some of the largest gold and base metals transactions of the last decade. He is experienced in all aspects of M&A, financing, streaming and royalties. Most recently he spent 4 years at NewCastle Gold Ltd. (TSX: NCA) where he served as Vice President of Technical Service and subsequently Vice President of Corporate Development. He has a B.A. from Bishop’s University and a Bachelor of Applied Science from the University of Toronto.

Tony Ricci, CPA, CA, Chief Financial Officer. Mr. Ricci is a CPA, CA with over 25 years of practice experience, mainly with public companies listed on Canadian and U.S. stock exchanges. Mr. Ricci was formerly a director and CFO of Keegan Resources Inc., a director and CFO of Norsemont Mining Inc., and CFO of both Petaquilla Minerals Ltd. and Petaquilla Copper Ltd., companies with a combined market capitalization approaching $2 billion. He is also a director and officer of various other listed companies including in the technology and industrial sectors, and was formerly with KPMG and AMEC Engineering Inc.

R. Bob Singh P.Geo, Vice President Exploration. Mr. Singh is an Exploration Geologist with over 24 years of experience across a wide range of early to advanced stage exploration projects throughout North America. He is an experienced project manager, bringing a high level of computer science to mineral exploration. Bob was part of the team at Dunnedin that identified the significant gold potential at Kahuna.

Christopher Taylor, M.Sc., P.Geo, Strategic Advisor & Director. Mr. Taylor is a structural geologist and explorationist with over 15 years of industry experience with both mid-tier producer and junior exploration companies. He is also a director of a number of Exchange listed resource companies. Chris was part of the team at Dunnedin that identified the significant gold potential at Kahuna, and is CEO of Dunnedin.

Chad Ulansky, P. Geo, Director. Mr. Ulansky is a professional geologist, and is currently President and CEO of Metalex Ventures Ltd. (TSX-V: MTX) and Cantex Mine Development Corp. (TSX-V: CD), as well as serving as director of several public and private mineral exploration companies. Mr. Ulansky has exploration experience that includes the original Ekati diamond discovery and has since spanned fifteen countries on four continents.

Michael G. Leskovec, CPA, CA, Director. Mr. Leskovec is a Chartered Professional Accountant with over 15 years of financial experience with publicly listed companies and capital markets. He currently serves as the Chief Financial Officer of Nighthawk Gold Corp. (TSX: NHK) and as a Vice-President of Northfield Capital Corporation (TSX-V: NFD.A). Until its sale in 2008 for $1.5 billion to Goldcorp Inc. (TSX:G), Mr. Leskovec served as an Officer of Gold Eagle Mines Ltd. Prior to this, he served as an Audit and Assurance Manager at Smith Nixon LLP, where he managed audit engagements of publicly listed corporations traded on the TSX.

Kahuna Highlights

  • Solstice’s Kahuna comprises a district scale land package of 806 km2 adjacent to claims controlled by Agnico Eagle Mines which host the world class Meliadine Deposits (6.7 M Oz gold M&I[R&R Incl.] and 3.6 M Oz Inferred)(Figure 1). Solstice has exclusive secondary rights on an additional 858 km2.
  • In late 2016, Dunnedin acquired a proprietary property-wide geophysical and geochemical dataset and, in conjunction with its own data, prepared a new, property wide compilation. It is estimated that this gold-focused database and landholding would cost over $7 million (in 2017 dollars) and several years to replace.
  • High definition magnetics outline numerous extensive regional magnetic trends which indicate the potential for geological and structural hosts similar to those at Meliadine (Figure 1).
  • Selected till samples, collected in 2016 on 500 m centres, were subsequently analyzed for gold in 2017. In the “Westeros” area, which lies adjacent to the Agnico claims (see page 15 of the investor presentation), Solstice has identified numerous, continuous gold-in-till (>80th percentile) target areas in gold concentrates. A small percentage of these have been examined to date for gold grains and have yielded pristine gold grains interpreted to be locally derived from within the Kahuna property.
  • New geological mapping and sampling on wide spaced traverse lines (0.5 – 1.5 km spacing) by Dunnedin in 2017 has now confirmed the existence of over 10 extensive linear and intensely folded iron formation units, and over 200 km of gold belts interpreted to occur in a similar geological and structural setting to Meliadine.
  • Rock sampling on 500 m spaced traverse lines, focussed in the Westeros area, which represents a 40 km long target (unfolded) has identified extensive anomalous gold in bedrock of up to 8.8 g/t Au and angular float up to 34.9 g/t Au. Gold occurs in altered iron formation, quartz vein and metasedimentary hosts (See page 18 of the investor presentation). It is noteworthy that approximately 50% of the priority Westeros area remains to be covered by mapping and sampling. Anomalous gold has also been returned from several other areas of the property which have been only sparsely sampled to date.
  • Seven regional target areas have been identified which will be aggressively followed up in 2018. In one such target area (the “Far North”), an extensive and locally folded area of quartz veining 3-5 m thick and extending for over 3 km was discovered late in 2017. Limited sampling over this 13 km-long target area (dollars) and several years to replace.
  • The 2017 field program was highly successful in advancing the project and was pivotal in the identification of seven priority exploration target areas in the Westeros area along with other regional priority target areas. Our objective will be to identify drill targets at Westeros and to advance other priority areas during 2018.

Figure 1: Property Map

Source: Agnico-Eagle Website and Presentations

“In looking for new gold opportunities, my criteria are to look for district scale belts which have unrecognized major gold deposit potential in safe political jurisdictions,” said Solstice Executive Chair David Adamson. “Such projects are exceedingly rare but, in reviewing the high-quality work done to date at Kahuna, I believe this is one such opportunity. Agnico Eagle and predecessors at Meliadine have blazed trail in the area. Data from these deposits provide invaluable tools to aid us in advancing the adjacent Kahuna project. In my view, the region is similar to many of the major producing gold districts in the Canadian Shield but, significantly, is only at the beginning of its exploration, development and mining cycle. With an experienced and technically savvy core management team, we are excited about the opportunity and the challenge.”

“We know there are major gold deposits in the region,” added Marty Tunney, President. “We have a district scale land position in similar rocks showing positive signs from work to date. We believe that the region has more gold deposits yet to be found and we control a major portion of that potential.”

Notes:
1. Primary Rights include all mineral rights for non-diamond and gemstones excluding any minerals found in kimberlite. Dunnedin Ventures holds Secondary Rights on this ground. Secondary Rights give the holder the right to propose exploration programs on the property related to their mineral rights. Such programs are granted at the discretion of the Primary Rights holder. The agreement allows exclusive right for the parties to exchange rights on their respective claims.
R. (Bob) Singh, P.Geo, is the Qualified Person as defined by NI 43-101 standards responsible for reviewing the technical content of this news release.

About Solstice

Solstice gold is to be created from the spinout by way of a POA of claims and certain gold rights of the Kahuna Project located in Nunavut Canada, plus $1 million from Dunnedin Ventures. It is expected that Solstice, initially spun out as a reporting issuer, will become listed on the TSX-V, subject to regulatory approvals.

At Solstice we believe operational best practice evolves and develops through embracing the communities in which we operate, considering cultural values and lifestyles with ongoing efforts to foster relationships of respect. We look to conduct our business in a transparent manner, seeking input through continuous consultation in an effort to work towards common goals.

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.

On behalf of the Board of Directors

Dunnedin Ventures Inc.
Chris Taylor
Chief Executive Officer

Solstice Gold Corporation
David Adamson
Executive Chairman

Forward Looking Statements

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. FLS in this presentation include comparison with certain geological features at an adjacent development property. There can be no guarantee that continued exploration at Kahuna, which is at an early stage of exploration, will lead to the discovery of an economic gold deposit. 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.

Contact Information

For further information please contact:
Mr. Knox Henderson
Investor Relations
+1-604-551-2360

Share this
20 Nov 2017

Dunnedin Appoints Tornquist as President, Adds to Operations Team in Advance of Drilling

November 20, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to announce the appointment of Ms. Claudia Tornquist, M.Eng, MBA as the company’s new President.  Ms. Tornquist, a senior-level executive, initially joined Dunnedin as an advisor in 2015 and was appointed to the board of directors in 2016. The Company also announces the appointment of Mr. Jeff Ward, P.Geo, as Vice President, Exploration, Mr. Andrew Berry as Vice President, Operations and Ms. Emily McNie as Project Geologist. Mr. Ward, Mr. Berry and Ms. McNie have over 30 years of collective experience in Nunavut, and a successful track record of diamond exploration and discovery.

Chris Taylor, Dunnedin’s CEO said, “We are anticipating a very active 2018 as we drill a number of newly identified kimberlite pipe targets, and also drill to expand our existing diamond resource at our 100% owned Kahuna project in Nunavut. Ms. Tornquist’s experience with Rio Tinto’s Diamonds Group will add breadth and depth of advanced-stage diamond industry experience to a strong exploration team that is currently advised by Dr. Charles Fipke and Mr. John Robins. With extensive experience in Nunavut and a background in diamond exploration and processing, Mr. Ward and Mr. Berry provide operational experience to Dunnedin that will allow the Company to grow through the advanced-stage exploration work anticipated in the new year.”

Claudia Tornquist, Dunnedin’s President said, “I am very excited about the tremendous opportunity Dunnedin has at the Kahuna project in Nunavut and the world-class team Mr. Taylor has assembled. The Kahuna project stands out as an advanced project with proven diamond potential and an existing 4 million carat resource with a clear path to expansion at low cost. In addition, Dunnedin’s large land package provides tremendous exploration upside and numerous kimberlite pipe targets have been identified with the potential for a transformative discovery.  2018 will be an important year to bring the Kahuna project to the next level.”

The new Dunnedin Ventures appointments are as follows:

Claudia Tornquist, M.Eng, MBA, President and Director
Ms. Tornquist’s prior experience includes her role as Executive Vice President of Business Development at Sandstorm Gold, a streaming and royalties company where she financed junior mining companies in the precious metals, base metals and diamond sectors.  Prior to that she worked for nine years at Rio Tinto as general manager in strategy, business evaluation and business development roles.  In the diamonds sector Ms. Tornquist led the development of a growth strategy for Rio Tinto’s Diamonds Group and she also evaluated and advised Rio Tinto’s Investment Committee on major expansions of the Argyle and Diavik diamond mines.

Jeff Ward, P.Geo, VP Exploration
Mr. Ward has over 30 years of exploration experience across Canada’s north, most recently as President of Kivalliq Energy Corp. (TSX-V: KIV), and will assist Dunnedin will all aspects or program planning and implementation. As Regional Project Manager for Ashton Mining of Canada Inc. he directed diamond exploration in the Northwest Territories, Nunavut and Alberta.  As General Manager-Laboratory Services for Ashton and Stornoway Diamond Corp (TSX: SWY), he supervised operations at a 50-person North Vancouver head office and laboratory facility specializing in diamond evaluation.  Mr. Ward also ran several on-site DMS plants processing for surface and underground bulk samples at the Renard Project in Quebec, Canada’s newest diamond mine.

Andrew Berry, VP Operations
Mr. Berry has been COO of Kivalliq Energy Corp. since 2010 and will co-manage exploration activities for Dunnedin. He has both surface and underground experience with precious metal, base metal and diamond deposits in South America, Africa and Canada, including mine development with Flanagan McAdam Ltd. and the Muscocho Group in Ontario. As Project Manager with Ashton Mining of Canada Inc. and Stornoway Diamond Corp., Mr. Berry specialized in operational logistics while exploring for diamonds in Canadian arctic environments for over 15 years.

Emily McNie B.Sc, Project Geologist
Ms. McNie has been working in the vicinity of Dunnedin’s Kahuna project as Project Geologist with Kivalliq Energy Corp. since 2011.  She will assist with program implementation and will supervise field operations.  Ms. McNie’s background includes technical and regulatory reporting and administration of environmental compliance and permitting in Nunavut with a focus on the Kivalliq district.

Update on Plan of Arrangement

In addition to published diamond resources in two kimberlite bodies, and identification of new potentially diamond-hosting kimberlite pipe targets that will be drill tested in early 2018, Dunnedin also announced the discovery of widespread gold in tills across the Kahuna property in 2016, and its intention to spin out gold rights to the project. The project is contiguous with the Meliadine property of Agnico Eagle Mines Ltd. and overlies similar banded iron formation units that also host gold at Meliadine.

The Company notifies shareholders of record on July 17, 2017 that materials related to the proposed Plan of Arrangement (“POA”) to spin out the gold mineralization rights at Kahuna will be mailed out by the close of November, and a special meeting to approve the POA is expected to take place in mid-to-late December, 2017. Details of the POA will be included in the mail out material and will also be announced by the Company at the time of mailing.

Figure 1: Expanded boundaries of the Kahuna project, September 2017. Agnico Eagle’s (TSX: AEM) Meliadine project is contiguous with the Kahuna project and is shown in yellow.

Mr. Jeff Ward, P.Geo, 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

About the Kahuna Project

Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent interest. 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 from three seasons of field work. 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, and remains open to extension. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond 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 2.03 tonne sample of the PST kimberlite dike which returned 223 macrodiamonds totalling 8.17 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 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.

Share this
20 Nov 2017

Dunnedin Appoints Tornquist as President, Adds to Operations Team in Advance of Drilling

November 20, 2017Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to announce the appointment of Ms. Claudia Tornquist, M.Eng, MBA as the company’s new President.  Ms. Tornquist, a senior-level executive, initially joined Dunnedin as an advisor in 2015 and was appointed to the board of directors in 2016.  The Company also announces the appointment of Mr. Jeff Ward, P.Geo, as Vice President, Exploration, Mr. Andrew Berry as Vice President, Operations and Ms. Emily McNie as Project Geologist.  Mr. Ward, Mr. Berry and Ms. McNie have over 30 years of collective experience in Nunavut, and a successful track record of diamond exploration and discovery.

Chris Taylor, Dunnedin’s CEO said, “We are anticipating a very active 2018 as we drill a number of newly identified kimberlite pipe targets, and also drill to expand our existing diamond resource at our 100% owned Kahuna project in Nunavut.  Ms. Tornquist’s experience with Rio Tinto’s Diamonds Group will add breadth and depth of advanced-stage diamond industry experience to a strong exploration team that is currently advised by Dr. Charles Fipke and Mr. John Robins.  With extensive experience in Nunavut and a background in diamond exploration and processing, Mr. Ward and Mr. Berry provide operational experience to Dunnedin that will allow the Company to grow through the advanced-stage exploration work anticipated in the new year.”

Claudia Tornquist, Dunnedin’s President said, “I am very excited about the tremendous opportunity Dunnedin has at the Kahuna project in Nunavut and the world-class team Mr. Taylor has assembled. The Kahuna project stands out as an advanced project with proven diamond potential and an existing 4 million carat resource with a clear path to expansion at low cost. In addition, Dunnedin’s large land package provides tremendous exploration upside and numerous kimberlite pipe targets have been identified with the potential for a transformative discovery.  2018 will be an important year to bring the Kahuna project to the next level.”

The new Dunnedin Ventures appointments are as follows:

Claudia Tornquist, M.Eng, MBA, President and Director

Ms. Tornquist’s prior experience includes her role as Executive Vice President of Business Development at Sandstorm Gold, a streaming and royalties company where she financed junior mining companies in the precious metals, base metals and diamond sectors.  Prior to that she worked for nine years at Rio Tinto as general manager in strategy, business evaluation and business development roles.  In the diamonds sector Ms. Tornquist led the development of a growth strategy for Rio Tinto’s Diamonds Group and she also evaluated and advised Rio Tinto’s Investment Committee on major expansions of the Argyle and Diavik diamond mines.

Jeff Ward, P.Geo, VP Exploration

Mr. Ward has over 30 years of exploration experience across Canada’s north, most recently as President of Kivalliq Energy Corp. (TSX-V: KIV), and will assist Dunnedin will all aspects or program planning and implementation.  As Regional Project Manager for Ashton Mining of Canada Inc. he directed diamond exploration in the Northwest Territories, Nunavut and Alberta.  As General Manager-Laboratory Services for Ashton and Stornoway Diamond Corp (TSX: SWY), he supervised operations at a 50-person North Vancouver head office and laboratory facility specializing in diamond evaluation.  Mr. Ward also ran several on-site DMS plants processing for surface and underground bulk samples at the Renard Project in Quebec, Canada’s newest diamond mine.

Andrew Berry, VP Operations

Mr. Berry has been COO of Kivalliq Energy Corp. since 2010 and will co-manage exploration activities for Dunnedin.  He has both surface and underground experience with precious metal, base metal and diamond deposits in South America, Africa and Canada, including mine development with Flanagan McAdam Ltd. and the Muscocho Group in Ontario. As Project Manager with Ashton Mining of Canada Inc. and Stornoway Diamond Corp., Mr. Berry specialized in operational logistics while exploring for diamonds in Canadian arctic environments for over 15 years.

Emily McNie B.Sc, Project Geologist

Ms. McNie has been working in the vicinity of Dunnedin’s Kahuna project as Project Geologist with Kivalliq Energy Corp. since 2011.  She will assist with program implementation and will supervise field operations.  Ms. McNie’s background includes technical and regulatory reporting and administration of environmental compliance and permitting in Nunavut with a focus on the Kivalliq district.

Update on Plan of Arrangement

In addition to published diamond resources in two kimberlite bodies, and identification of new potentially diamond-hosting kimberlite pipe targets that will be drill tested in early 2018, Dunnedin also announced the discovery of widespread gold in tills across the Kahuna property in 2016, and its intention to spin out gold rights to the project.  The project is contiguous with the Meliadine property of Agnico Eagle Mines Ltd. and overlies similar banded iron formation units that also host gold at Meliadine.

The Company notifies shareholders of record on July 17, 2017 that materials related to the proposed Plan of Arrangement (“POA”) to spin out the gold mineralization rights at Kahuna will be mailed out by the close of November, and a special meeting to approve the POA is expected to take place in mid-to-late December, 2017.  Details of the POA will be included in the mail out material and will also be announced by the Company at the time of mailing.

Figure 1: Expanded boundaries of the Kahuna project, September 2017.  Agnico Eagle’s (TSX: AEM) Meliadine project is contiguous with the Kahuna project and is shown in yellow.

Mr. Jeff Ward, P.Geo, 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

 

About the Kahuna Project

Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent interest.  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 from three seasons of field work.  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, and remains open to extension.  The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond 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 2.03 tonne sample of the PST kimberlite dike which returned 223 macrodiamonds totalling 8.17 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 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.

Share this

© 2017 Dunnedin Ventures Inc.. All rights reserved.

Click Me