13 Dec 2018

Dunnedin Reports KH10-11 Results & Focuses Pipe Exploration; Retains Diamond Experts to Advance High Grade Kimberlite Dikes

Dunnedin to Host a Webinar on Monday December 17th @ 11:00am PST/2:00pm EST

 

December 13, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced diamond recovery results from kimberlite pipe KH10-11 and plans to advance its diamond assets at its 100% owned Kahuna Diamond Project in Nunavut, Canada (“Kahuna”).

Highlights include:

  • Kimberlite pipe KH10-11 is confirmed to be diamondiferous but low grade
  • Dunnedin’s advisor Dr. Chuck Fipke recommends focussing pipe exploration efforts on the Josephine Target Area (“JTA”) during 2019 and is prioritizing targets for drilling
  • The Company reports significant extensions to the strike length of its high-grade diamond dikes
  • Industry-leading kimberlite dike experts have been retained to advise on the expansion of the existing high-grade diamond resources and the advancement of other proven diamondiferous dikes

 

K10-11 Kimberlite Pipe & Focus of Future Kimberlite Pipe Exploration

Kimberlite pipe KH10-11 was identified during a geophysical data review in early 2018 and drilled during the summer program using rotary air-blast (“RAB”) drilling. A representative 152.8-kilogram composite from hole 18-RAB-032 was selected between 12.2 and 109.7 metres depth and sent to CF Mineral Research Ltd. (“CFM”) in Kelowna, British Columbia for analysis.  Processing returned one diamond in the 0.212 – 0.300 mm sieve fraction. Results confirm the pipe is diamondiferous but likely low grade and further sample processing is not warranted at this time. Details of the drilling at KH10-11 and a map are in the Company’s news release dated July 19, 2018.

The indicator mineral population recovered from KH10-11 differs from the abundant high-quality diamond indicator minerals (“DIM”) present in the JTA. Superior DIM chemistry and dispersion at the JTA continue to highlight this as the most prospective area on the Kahuna property to host significantly diamondiferous pipes with the potential to host large diamonds.

Dr. Charles (Chuck) Fipke, Dunnedin’s advisor and discoverer of Canada’s first diamond mine at Ekati commented, “The abundance and quality of diamond indicator minerals in the Josephine Target Area is exceptional and we have also observed rare indicator mineral chemistry that is associated with large diamonds at producing diamond mines.  The source of these indicator minerals is as yet undiscovered and this bodes well for a potential discovery.  I will continue assisting the Dunnedin team with the exploration and target identification.”

The Company is currently processing 109 high priority till samples collected this fall under Dr. Fipke’s direction in the JTA.  Dunnedin’s maiden drill program in 2018 tested only a small number of targets in this high-priority area. Once an up-ice “cut-off” for DIM counts in the JTA is determined, further targets consistent with kimberlite pipes will be drilled.

 

Kimberlite Dike Extensions

As part of the 2018 exploration at Kahuna, Dunnedin carried out several ground geophysical surveys over known diamond-bearing dikes. Approximately 173-line kilometres in eight grids were surveyed using a combination of Very Low Frequency (“VLF”) electromagnetics, OhmMapper capacitive-coupled resistivity and magnetic methods. The VLF and OhmMapper surveys were very successful at imaging and extending the strike extent of the kimberlite dikes targeted (see Figure 1).

 

Figure 1: Ground Geophysical Extensions at KD-24 and PST Dikes

 

Drilling at KD-24 in April 2018 extended the strike length of this dike to 225 metres. A subsequent VLF survey at KD-24 suggests a strike length of at least one kilometer, and that KD-24 may represent an offset southern extension of the Notch kimberlite, which is included in Dunnedin’s maiden inferred resource. At PST, drilling in 2018 extended the strike of this dike to 350 metres. Similarly, an OhmMapper survey and previous mag surveys at PST infer a geophysical response of at least 500 metres. Both the KD-24 and PST dikes remain open along strike and down dip. Both of these highly diamondiferous kimberlites present upside over and above Dunnedin’s inferred resources and are compelling targets for further drilling. Other known diamondiferous dikes include KD-13, KD-14, KD-16, Killiq and Jigsaw (see Figure 2). In total approximately 20 kilometres of kimberlite dikes have been defined at Kahuna through drilling and geophysics to date. These occur within a property-wide network of linear structures that may contain additional kimberlite occurrences but remains largely untested.

 

SRK Kimberlite Dike Study

Dunnedin has engaged SRK Consulting to develop options for expanding and progressing the existing inferred diamond resource on the Kahuna and Notch dikes, as well as incorporating the numerous other proven diamondiferous dikes on the Kahuna property. SRK will initiate the process by completing a high-level assessment of the geology, mineral resource model and conceptual mining methods of the diamond-bearing kimberlite dikes on the Kahuna Property.

Casey Hetman, P.Geo., Corporate Consultant at SRK said, “SRK has been providing industry-leading expertise in diamond geology, resource development and mining solutions to companies around the world. Our involvement in kimberlite dike hosted deposits globally and throughout Africa give us unique insight into what it takes to develop these into successful mines. Dunnedin has an opportunity to expand on its maiden resource and their project has all the right initial hallmarks to indicate that further staged evaluation work is warranted. We are looking forward to assisting Dunnedin to unlock the full potential of the diamond-bearing dikes at the Kahuna Project.”

 

Figure 2: Diamond Bearing Dikes (labelled) on the Kahuna Property

 

Webinar

Dunnedin will host a webinar to discuss the Company’s recent news and future exploration plans. The webinar will take place on Monday, December 17th at 11:00am PST/2:00pm EST. Management will be available to answer questions following the presentation. Online access and dial-in numbers are as follows:

Readytalk Platform (access at the time of event):

*   http://www.readytalk.com/join

*   Access code: 5147677

Dial-In Numbers:

*   Canada: +1-647-722-6839

*   United States: +1-303-248-0285

*   Access Code: 5147677

A replay of the webinar will be posted on Dunnedin’s website at https://dunnedinventures.com/media/ the following day.

 

Technical Data – QA/QC

Diamond results reported herein are from RAB holes drilled during the summer of 2018. RAB samples were shipped to the CF Mineral Research Ltd. (“CFM”) laboratory in Kelowna, BC for processing and caustic fusion analysis. The material was treated through an autogenous mill-fusion circuit with a lower size cut-off of 0.106 mm. Unlike other microdiamond recovery methods, the circuit can recover nearly all diamonds present in a kimberlite to a predetermined cut-off size, along with associated indicator minerals. Quality assurance protocols include industry standard chain of custody and security procedures during sampling and transport. CFM operates using reference standards, internal quality assurance protocols, security and operating procedures for processing, recovery and reporting of diamond 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                                      Claudia Tornquist

Chief Executive Officer                      President

 

About Dunnedin Ventures Inc.

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 interests in 1,664 km2 of mineral tenure located 26 kilometres northeast of Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine.  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). Dunnedin’s drilling is aimed at the discovery of diamondiferous kimberlite pipes, and the Company is working with 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 over four seasons of field work.  Dunnedin also holds a 100% interest 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. 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.

 

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.

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03 Dec 2018

Dunnedin Webinar – Rescheduled for Monday, Dec. 3

A replay of the webinar will be posted on our website: https://vimeo.com/304631837

Due to technical difficulties of our service provider, Dunnedin Ventures’ Webinar is rescheduled for Monday Dec. 3 at 11:00 a.m. PT/ 2:00 p.m. ET.

Webinar

Dunnedin will host a webinar to discuss the Company’s recent news. Management will be available to answer questions following the presentation. Online access and dial-in numbers are as follows:

Readytalk Platform (access at the time of event):

Dial-In Numbers:

  • Canada: +1-647-722-6839
  • United States: +1-303-248-0285
  • Access Code: 5147677

A replay of the webinar will be posted on our website <https://dunnedinventures.com/media/>.
https://vimeo.com/304631837

We apologize for any inconvenience.

Regards,

Dunnedin Investor Relations

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11 Oct 2018
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.

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24 Aug 2017

Dunnedin Provides Update, Reports New Pipe Targets To Be Drilled At Kahuna

August 24, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today provided an update on diamond exploration and permitting progress.

The Company has focused on a priority region of high quality Diamond Indicator Minerals (“DIMs”) correlated to a number of geophysical targets consistent with kimberlite pipes, as shown on Figure 1.  Three of these targets have been “boxed” by till sampling and are drill-ready, as DIM concentrations have been found down-ice from the targets, but not up-ice with respect to glacial transport.  Elsewhere on the project, field crews have also identified a pipe or “dyke-blow” target along strike of a proven diamond-bearing kimberlite dyke.  Drilling of these targets is planned for winter 2017-2018.

 

Dunnedin further reports that all required land use, water use and access permits have now been received from local, territorial and federal governments to allow a winter drill program.  The Company is sufficiently funded to execute the planned drilling.

 

New Cluster of Kimberlite Pipe Targets

 

A priority area of interest is located east of the Kahuna kimberlite dyke and is notable for having:

  • 3 drill-ready kimberlite pipe targets that have sourced high quality DIMs in tills, including clinopyroxenes with chemical signatures associated with large diamonds recovered from diamond-producing mines
  • 19 additional high priority DIM occurrences observed by Dunnedin to-date that are currently being assessed by field crews,
  • More than 30 geophysically suggested kimberlite pipe targets within a 5 kilometre radius, and
  • 10 historically drill-confirmed kimberlite pipes

While the area was also historically explored, none of the new targets specifically defined by Dunnedin have been drilled.  Dunnedin’s exploration methods differ from historical techniques by employing proprietary DIM classification filters developed by the Company’s advisor Dr. Charles Fipke, and used during the original Canadian diamond discovery at Ekati.  These filters highlight diamond-bearing kimberlites as priority targets, and allow the Company to avoid kimberlites with low diamond potential.

The Company has also engaged in3D Geoscience Inc. to model the three-dimensional shape of the kimberlite targets using the Company’s extensive geophysical database, and will use results to assist with planning of individual drill holes.

 

Figure 1: DIM results and kimberlite pipe targets east of the Kahuna dyke. Higher DIM rankings on this image are provided by a combination of higher DIM counts per till sample, quality of DIM chemistry, and assessed distance to potential bedrock source.  The area contains both drill-ready targets and additional targets now being assessed by field crews.

 

Exploration Update and Additional Targets

 

Field crews have been actively exploring the project since June of 2017.  Results to-date include mapping of the surface expressions of possible kimberlite pipes in areas that have sourced diamonds and/or DIMs.  An example of a new pipe-type target is provided in Figure 2.  The “Jigsaw” kimberlite dyke was bulk sampled in 2006 and returned 2.53 carats of commercial-sized diamonds (+0.85mm) from a 5.15 tonne bulk sample, for a sample grade of 0.49 carats per tonne.  Field crews have identified a prominent circular topographic depression adjacent to the area of historical sampling that will also be drill tested this winter.

 

Processing is also now over 90% complete on a series of 1,111 till samples collected in summer 2016 that are being analyzed at C.F. Mineral Research Ltd. of Kelowna, B.C.  Results will continue to be released as received and analyzed.

 

Figure 2: Potential kimberlite pipe target identified for follow-up drilling.  Circular topographic depression measures approximately 100m across, and may be a “dyke-blow”.


Based on the strength of results to-date, Dunnedin has expanded the scope of its ongoing till sampling program and is collecting approximately 3,500 till samples from across a 1,000 square kilometre area, in order to test a number of new targets and new areas of the project that were staked in late 2016.

 

Details of the upcoming drill program and any further drill targets will be provided when final till sampling results from the 2016 program are received, which are expected in September.

 

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

 

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 two 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).

 

The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. and has generated gold results in tills, bedrock and drill core across a wide area.  Gold is associated with several metasediment belts that cross the project.  The adjacent Meliadine project is also hosted by metasediments and has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015.   There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

 

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 May 2017

Dunnedin Announces Gold Exploration Plans and Spinout Record Date

Dunnedin Announces Gold Exploration Plans and Spinout Record Date

 

May 11, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today reported that the date of record for a Plan of Arrangement to spin out rights to gold mineralization at its Kahuna project, Nunavut, will be June 30, 2017.

 

The Company also announces its exploration plans to define drill targets across its Kannuqa gold belt, an approximately 300 square kilometre folded greenstone belt that has sourced widespread gold-in-tills, gold-in-bedrock, and gold in drill core, and is surrounded by Agnico Eagle Mines Ltd.’s (TSE: AEM; “Agnico”) Meliadine project to the north, west and south.

 

 

Figure 1: Exploration blocks at the Kannuqa belt, one of four gold belts at Kahuna.  Adjacent gold projects shown in inset; Agnico’s Meliadine project and NxGold Ltd.’s (TSX-V: NXN) Kuulu project.

The Kannuqa belt is one of four gold-bearing metasediment belts have been explored at Kahuna.  Details of the other gold belts will be made available as results of last summer’s exploration are received. The Kannuqa belt covers approximately 300 km2 (30,000 Ha), and has been divided for exploration purposes into 11 blocks averaging 25 square kilometres each.  All blocks contain gold occurrences as follows.

 

Table 1: Kannuqa Gold Belt sample results combined from historic data and Dunnedin’s 2015 till survey.

Block  

Approx.

Area

(km2)

Number of Till Samples Total Gold Grains Avg. Grains Per Sample Total Pristine Grains Bedrock

Has Been Sampled for Gold

Has Been Drilled for Gold
1 22 10 61 6 6 Yes Yes
2 25 8 70 9 7 Yes Yes
3 33 12 97 8 9 No No
4 33 9 136 15 12 No No
5 21 11 348 32 59 No No
6 20 4 96 24 17 No No
7 15 2 29 15 4 No No
8 25 13 296 23 56 No No
9 30 22 522 24 68 No No
10 25 12 179 15 19 No No
11 20 2 50 25 6 No No
TOTAL 269 105 1884 18 263

 

“We’ve identified more than 50 areas with concentrated gold-in-tills that include pristine, locally derived gold grains.  These were deposited down-ice from nearby bedrock sources that appear to lie within the Kannuqa gold belt,” said Chris Taylor, CEO of Dunnedin. “While gold is widespread in tills throughout the belt, it is concentrated near bedrock fold hinges in a pattern similar to that published at Meliadine.  As the Kannuqa belt begins less than 15 kilometres from the Meliadine mine site, it is a near-term priority for Dunnedin’s exploration efforts and has excellent potential to host new gold discoveries.”

 

Dunnedin confirmed historical gold-in-till results through recovery of proximally-sourced gold grains from Block 1 as disclosed on October 17, 2016.  Dunnedin expects to soon receive gold results from till samples collected across the Kahuna project in 2016.  These will include new results from the Kannuqa gold belt, which will direct upcoming exploration.

 

Field crews are expected to mobilize in early June 2017, when ground conditions allow.  The Company will expand its gold-in-till sampling grid across each of the 11 defined exploration blocks, including higher density sampling around high historical grain counts, and will undertake a geological prospecting and mapping program that will define drill targets at each block.  Drilling will be planned and implemented based on results received from this work.

 

As previously disclosed, a property-wide diamond exploration program will be concurrently undertaken, including drill testing of a number of high priority diamond indicator mineral sources, and collection of diamondiferous kimberlite bulk samples for diamond valuation purposes.  All till sampling conducted across the property will be screened for both indicator mineral and gold content, as Dunnedin has observed gold grains and kimberlite indicator minerals occur together in the majority of samples.

 

As disclosed on May 1 2017, Dunnedin has accelerated its 100 percent earn-in of the Kahuna project and is proceeding with its intention to spin out rights to gold mineralization at the Kahuna project.  The project and rights will be spun out into a wholly-owned subsidiary pursuant to a Plan of Arrangement under the Business Corporations Act (British Columbia).  The Arrangement will also include an agreed upon working capital amount to facilitate exploration activities at these projects.

Shareholders of record on June 30 2017 will be entitled to receive a distribution of shares in a new gold entity that will be listed on a Canadian stock exchange.  Additional details regarding the Arrangement will be provided as they become available.

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

 

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 from two 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.  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 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 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).

 

The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. Meliadine has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015.   There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

 

 

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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01 May 2017

Dunnedin Earns 100 Percent of Kahuna Project And Progresses Spin-Out

May 1, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today reported it has entered into a Letter Agreement (the “Agreement”) whereby it will accelerate its Option Agreement (the “Option”) payments and receive a 100% undivided interest in the Kahuna project, Nunavut.

 

Under the terms of the Agreement, Dunnedin will earn a 100% interest in the Kahuna project and in return pay the Kahuna project vendors Gary R. Thompson and Sorin Posescu (the “Vendors”) the remaining cash and shares required under the underlying Option.  The Company will pay $350,000 and issue 4,400,000 common shares of the Company as follows:

 

  • $100,000 upon signing

 

  • 4,400,000 common shares upon signing, and

 

  • $250,000 upon completion of its next financing

 

Having signed the Agreement Dunnedin will now proceed with its intention to spin out its 100% owned Trapper gold-copper property located in the Sutlahine area of Northern British Columbia, along with rights to gold mineralization at its Kahuna diamond project, located in Nunavut.  The project and rights will be spun out into a wholly-owned subsidiary (“SpinCo”), pursuant to a Plan of Arrangement (the “Arrangement”), under the Business Corporations Act (British Columbia).  The Arrangement will also include an agreed upon working capital amount to facilitate exploration activities at these projects.  The date of record for the Arrangement will be announced imminently.

The Plan of Arrangement is subject to TSX Venture Exchange, regulatory and court approval, and the approval of the Company’s shareholders at an annual general and special meeting to be held as soon as is practical.  Pursuant to the arrangement, the common shares of SpinCo will be distributed to shareholders of the Company on a pro rata basis.  The Company intends to apply for a listing of the shares of SpinCo on the TSX Venture Exchange.  Any such listing will be subject to SpinCo fulfilling all of the requirements of the TSX Venture Exchange.  There will be no change in shareholders’ holdings in Dunnedin as a result of the Arrangement.

The Kahuna project Vendors will retain Gross Overriding royalties on diamonds and Net Smelter Royalties on gold and other metals as per the underlying Option.

 

Exploration Update

 

The Company has received and is reviewing final diamond recovery results from its sampling of the PST kimberlite, which will be released upon completion of the QAQC review as soon as possible.  Diamond indicator mineral results are also expected during May from the first prioritized till samples collected in 2016 across the Kahuna project.  Further diamond indicator mineral results and gold results from till sampling will follow.

 

Results will guide the upcoming summer exploration program, which will include in-field follow-up on high priority diamond indicator mineral sources, drilling of these targets, sample site preparation in advance of bulk sampling of diamondiferous kimberlites, and follow-up on recently identified gold mineralization in bedrock and tills in advance of drilling.

 

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

 

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 from two 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.  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 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 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).  The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasediment units.

 

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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02 Mar 2017

Positive Determination From Nunavut Impact Review Board On Dunnedin’s Kahuna Project

March 2, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to report that the Nunavut Impact Review Board (NIRB) has recommended acceptance of the Company’s proposed drilling and bulk sampling program at the Kahuna project, Nunavut, to the Honourable Carolyn Bennett, the Minister of Indigenous and Northern Affairs Canada.  The proposed work will allow for drilling of a number of high priority kimberlite pipe and dike targets, as well as sufficient bulk sampling to assemble an approximately 1000 carat diamond valuation parcel.

In a Screening Decision Report dated February 28, 2017, the NIRB stated that Dunnedin’s project proposal “…is not likely to cause significant public concerns, and it is unlikely to result in significant adverse environmental and social impacts.  The NIRB therefore recommends that the responsible Minister(s) accepts this Screening Decision Report.”  Details of the Screening Report can be found at www.nirb.ca.

Details of program mobilization dates, specific targets to be tested, and a record date for a proposed spinout will be announced over the near term.  The Company is anticipating analytical results from till samples collected in 2016 which will help guide exploration priorities.

“I would like to take this opportunity to thank members of the communities of Chesterfield Inlet and Rankin Inlet for their feedback and guidance of our upcoming work, and for their letters of support for the project,” said Chris Taylor, Dunnedin’s CEO. “We will ensure local consultation continues as we progress the Kahuna project and look forward to a strong cooperative relationship with both communities on an ongoing basis.”

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

 

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  during two 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.  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 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm), a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm), and a 144 kilogram sample of the Kahuna kimberlite that returned 13 macrodiamonds totalling 0.33 carats (+0.85 mm).  The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasedimentary units including a recently defined greenstone belt with over 40 kilometres of strike length that is associated with elevated gold-in-till results.

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

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08 Feb 2017

Kahuna Kimberlite Sample Yields 2.32 Carats Per Tonne

February 8, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today reported the Company’s first diamond recovery results from the Kahuna kimberlite.  The 144.44 kg sample of Kahuna returned 13 commercial-sized stones (+0.85 mm) totalling 0.334 carats, for a sample grade of 2.32 carats per tonne. The largest recovered diamond was a 0.12 carat clear and colourless twinned octahedral stone.  Results are provided in the table below.

Table 1: Diamonds recovered from the Kahuna kimberlite by Dunnedin

Sample Weight in Dry Tonnes Total

Number of Diamonds Recovered (+0.425 mm)

Total Carat

Weight (+0.85 mm)

Endecott Sieve Size (mm)
0.425 0.60 0.85 1.18 1.70 Sample Grade

(cpt)

Largest

Diamonds

(carats)

Kahuna 0.144 87 0.33 57 17 10 1 2 2.32 0.12, 0.09, 0.03

 

 

Figure 1: Commercial-sized diamonds (+0.85 mm) recovered from the Kahuna kimberlite

Figure 1: Commercial-sized diamonds (+0.85 mm) recovered from the Kahuna kimberlite

Chris Taylor, Dunnedin’s CEO said, “The Kahuna kimberlite is a large target with a maiden Inferred Resource of over 3 million tonnes, and potential for an additional 3.7 to 10.7 million tonnes at a range of depths.  Historical bulk sampling yielded 1.04 carats (+0.85 mm) per tonne, but audits to determine a final sample grade do not appear to have been completed by the past operator.  With this latest sample returning 2.35 carats per tonne, the Company is strongly encouraged by the size and grade potential of this kimberlite, and we view bulk sampling to determine diamond value as a priority.”

Details of an Inferred Resource and Target for Further Exploration have been published for the Kahuna kimberlite, both of which were completed by APEX Geoscience Ltd. and are available as a National Instrument NI 43-101 technical report filed on the SEDAR website (www.sedar.com) on March 12, 2015.  Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The potential quantity and grade of any Target for Further Exploration is conceptual in nature, there is insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Most of the Kahuna diamonds recovered by Dunnedin are clear and colourless variants of octahedra.

The Kahuna sample was treated through an autogenous mill-fusion circuit located at CF Mineral Research Ltd. of Kelowna, British Columbia, using a lower size cut-off of 0.425 mm.  Unlike standard DMS recovery methods, the circuit can recover nearly all diamonds present in a kimberlite sample to the predetermined cut-off size, along with associated indicator minerals.

 

About the Kahuna Kimberlite

  • Near vertical high grade kimberlite dike that extends to surface with over 4.5 kilometres of drill-defined strike length and remains open to extension along strike and at depth
  • Defines the northernmost drilled portion of a 20+ kilometre strike length kimberlite-intruded structure that also contains the Notch kimberlite dike; over 2,500 m of historical drilling and 360 tonnes of historical bulk sampling have been completed at Kahuna
  • Historical and current samples were taken at the same locations or within metres of each other
  • Most historical drilling is within 80 to 120 metres of surface, however some deeper drill holes were completed and also intersected the kimberlite more than 200 m vertically from surface, indicating continuity to depth where tested
  • Width reported as generally between 2 and 4 m, with an average of 3.2 m, and an average density of 1.99 t/m3

Dunnedin also recently announced that the Kahuna, Notch, PST and other kimberlites are emplaced within gold-mineralized metasediment belts that have historically reported gold in drill core, as well as pristine, locally-sourced gold grains in tills across a broad area contiguous with Agnico Eagle Mines Ltd.’s (TSE: AEM) development-stage Meliadine gold project (see news release, January 31, 2017) .

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

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  during two 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.  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 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm), a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm), and a 144 kilogram sample of the Kahuna kimberlite that returned 13 macrodiamonds totalling 0.33 carats (+0.85 mm).  The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasedimentary units including a recently defined greenstone belt with over 40 kilometres of strike length that is associated with elevated gold-in-till results.

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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02 Nov 2016

CEO INTERVIEW with Investing News Network

Investing News Network recently spoke with Dunnedin Ventures CEO Chris Taylor about the company’s 2015 Kahuna exploration program’s gold till results, a planned gold exploration program, and Dunnedin’s next steps for the Kahuna project.

Dunnedin Ventures Inc. (TSXV:DVI) is a Vancouver-based diamond exploration company focused on advancing the Kahuna Diamond Project in Nunavut, Canada. Dunnedin has an option agreement to earn a 100-percent interest in the Kahuna project which lies near to Ranklin Inlet and the surrounding infrastructure of Agnico Eagle’s Meliadine gold mine.

Kahuna is an advanced-stage, high-grade diamond project with an inferred resource of 4,018,000 carats of commercial-sized diamonds with an average grade of 1.01 carats per tonne.** Dunnedin recently discovered gold at Kahuna, a rare global find with multiple gold mineralized formations intruded by diamond-bearing kimberlites.

A wealth of historical data on the property coupled with ongoing work by Dunnedin points to significant upside potential for the project. The company plans to develop targets for further bulk sampling to collect sufficient commercial-sized diamonds for a valuation parcel and to expand the current resource estimate.

Dunnedin is currently recovering diamonds and indicator minerals from a series of kimberlite and till samples collected during the 2015 Phase 1 Field Program. Diamond recovery results from the Notch kimberlite were released in September 6, 2016 showing a 1.30 tonne sample of Notch returned 49 commercial-sized stones (+0.85 mm) totaling 1.29 carats with a sample grade of 0.99 carats per tonne. The company also announced conclusion of its summer 2016 field investigation program at Kahuna, consisting of 1,111 till samples collected across the property.

Investing News Network: You’ve recently reported some interesting gold and till results from your 2015 exploration program at the Kahuna Diamond Project. I understand Kahuna is in close proximity to Agnico Eagle’s Meliadine mine development project. Would you please share some of the highlights from those results, and give us some insight into what this gold potential means for the project and for potential investors?

Chris Taylor: The area that the project is in is extremely prospective for gold mineralization. What has been the long-term attractant for many mineral explorers over the past 50 years is really that gold potential of the district. What the recent results mean for us is that we probably identified the only location that I know of globally where you have multiple gold mineralized formations that are intruded by diamond-bearing kimberlites. What this discovery really means is that we found something that appears to be completely unique geologically.

INN: Are there any other comparable projects for investors to look at that have this occurrence?

CT: As far as I know, this is the first time that any company has noted widespread gold mineralization in an area that also contains high-grade diamond-bearing kimberlites.

INN: You have also staked an additional 21 claims nearly doubling the total size of the Kahuna property, placing you within ten kilometers of the Meliadine Mine site. Can you please comment on this move and what it means for the project?

CT: When we began doing work on the property, my first level of really intense excitement came when we began recovering diamonds from the mini bulk samples that we did back in 2015. When those started coming out of the lab, it was a real watershed moment for me because the recovery of diamonds from the project makes the project real. I was very excited again when we began to really intensively review the historic results that were generated in the area. The fact that we are located immediately adjacent to what is probably the best new gold mine currently in development in the country, and there is history of gold exploration in this area, that was really exciting.

chris-taylor

 

For full interview please view at: http://investingnews.com/daily/resource-investing/gem-investing/diamond-investing/dunnedin-ventures-ceo-chris-taylor/ 

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