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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29 Nov 2018

Dunnedin Acquires 100% Interest in MPD Copper-Gold Porphyry Project in South Central British Columbia

November 29, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced it has entered into a purchase agreement to acquire 100% ownership of the consolidated Man, Prime and Dillard properties, the “MPD Project”, in south-central British Columbia.  The MPD Project is an excellent strategic fit with Dunnedin’s 100% owned Trapper copper-gold porphyry project (“Trapper”, see news release November 27, 2018), located in the northern Golden Triangle area of British Columbia and joins this project to form a strong copper-gold porphyry portfolio that has the potential to stand alone from Dunnedin’s Kahuna Diamond Project in the future.

Claudia Tornquist, President of Dunnedin said, “MPD is a quality project with immediate exploration upside and the potential to yield a major copper-gold porphyry system. We are genuinely excited about this asset and pleased to have secured it on favourable terms. Our philosophy in the Discovery Group of companies has generated industry-leading returns for shareholders over the past year at Northern Empire Resources and Great Bear Resources.  This philosophy can be summed up as finding and advancing known mineral discoveries that are undervalued, but with strong economic potential.  These projects have geological characteristics that can drive rapid value growth for investors when modern exploration methods and management’s experience is applied.  Dunnedin’s new MPD project has these attributes and could mirror these recent successes in 2019.”

MPD Project, South-Central British Columbia, Canada

Refer to Figure 1

  • Recently consolidated 78.5 km2 MPD land package (historically called Man, Prime and Dillard properties) located in a known, productive copper-gold porphyry belt
  • Many historically drilled copper intervals have similar grades to those reported at adjacent copper mines
  • 129 drill holes (25,780 metres) were completed from 1966 to 2014. Previous operators include Rio Tinto PLC (NYSE:RIO) and Newmont Mining Corp. (NYSE: NEM)
  • Copper has been drill confirmed to-date across a large, 10 square kilometre area
  • Historic drill results often have favourable gold to copper values and are consistent with multiple porphyry centres having associated base and precious metal mineralization,
  • Large untested copper and gold-in-soil anomalies represent new near-term drill targets
  • Copper and gold mineralization extends from surface, with early historic drill holes rarely testing below 200 metres vertical depth.  Limited deeper drilling confirms significant depth/size potential
  • Many historic copper intervals were not assayed for gold, and adjacent samples show strong gold results suggesting underexplored gold potential
  • Accessible year-round by service roads and trails from adjacent highway linking Princeton and Merritt

Highlights of historical drill results (1966 to 2014) are shown on Figure 1 and include:

  • 63.6 metres of 0.45% copper and 30 metres 0.92 g/t gold
  • 194 metres of 0.29% copper and 0.27 g/t gold
  • 120 metres of 0.21% copper and 0.92 g/t gold
  • 403 metres of 0.14% copper and 0.07 g/t gold
  • High gold grades include 3.0 metres of 7.0 g/t gold with 0.91% copper and 12 metres of 3.6 g/t gold

The MPD Project is located in the Quesnel Trough, British Columbia’s primary copper-producing belt that hosts Teck Resource’s world-class Highland Valley Mine, Imperial Metals’ Mount Polley Mine, and Centerra Gold’s Mount Milligan Mine (see Table 1).  The MPD project’s Nicola Belt geology has many similar characteristics to the neighbouring alkalic porphyry systems at the Copper Mountain Mine to the south, New Gold’s New Afton Mine to the north, and Evrim Resources’ nearby Axe Project which was recently optioned to Antofagasta

Table 1: Proven and Probable Reserves – Selected Quesnel Trough Copper Porphyry Mines

Property Date Operator Tonnes Copper Grade Contained Copper Gold Grade Contained Gold Silver Grade Contained Silver
(as at) (millions) (% Cu) (millions of lbs) (gram per tonne) (millions of oz) (gram per tonne) (millions of oz)
Mount Milligan1 Dec. 31
2018
Centerra Gold 467.939 0.188 1,938 0.3 5.138
Copper Mountain2 Sept. 1
2018
Copper Mountain 210.079 0.26 1,209 0.08 0.504 0.89 5.981
Mt. Polley3 July  2017 Imperial Metals 73.613 0.27 443 0.29 0.692 0.56 1.331
Highland Valley4 2018 Teck Resources 589,500 0.30 1.540

Sources:

  1. https://www.centerragold.com/operations/mount-milligan/production-and-reserves
  2. https://www.cumtn.com/operations/copper-mountain-mine/overview/
  3. https://www.imperialmetals.com/assets/docs/2017-reserve_resource%20table.pdf
  4. https://www.teck.com/investors/reserves-&-resources/

Figure 1: MPD Copper-Gold Porphyry Property

MPD Project Transaction Details

Dunnedin has entered into a definitive agreement to acquire 100% of the MPD Property from a private vendor, subject to the approval of the TSX-Venture Exchange. The consideration for MPD consists of:

  • $100,000 in cash and 1,800,000 Dunnedin shares payable upon closing of the transaction; and
  • $100,000 in cash payable on April 1, 2019
  • A 1.25% to 2% NSR is payable on only three of a total 28 mineral claims. No royalties are payable on the remaining 25 claims.

Further details of the MPD and Trapper copper-gold porphyry projects are provided on Dunnedin’s web site at www.dunnedinventures.com.  Technical information will be updated as recently acquired historical data are evaluated.

Management will provide further information on 2019 exploration plans at MPD as the project database is analyzed.

Webinar

Dunnedin will host a webinar to discuss the Company’s recent news. The webinar will take place on Friday, November 30th 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):

Dial-In Numbers:

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

Disclaimer

Management cautions that Dunnedin has not performed any exploration on the MPD Project to date. Historic information reported herein was obtained from publicly available sources 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.

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 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 Project near Atlin in the northern “Golden Triangle” region of British Columbia. The Trapper Project is interpreted to overlie a gold-rich copper porphyry complex having a surface geochemical, geophysical and regional alteration signature of over 15 square kilometres. 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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27 Nov 2018

Dunnedin Updates on Kahuna Project & Copper-Gold Strategy, Appoints Director

Dunnedin to Host a Webinar on Friday November 30th @ 11:00am PST/2:00pm EST

November 27, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) provides an update on the diamond exploration progress at its 100% owned Kahuna Diamond Project in Nunavut, Canada (“Kahuna”), and outlines its strategic plans for both its diamond and copper-gold assets.

Kimberlite Pipe Exploration Update

  • Dunnedin expects results shortly for diamond recoveries from approximately 150 kilograms of kimberlite from pipe KH10-11 which was newly discovered this summer
  • In the near future Dunnedin will also receive initial diamond indicator results from the till sampling program completed in the Josephine Target Area (“JTA”) this autumn. These results will assist with the prioritization and selection of drill targets in the JTA, which will be the main focus of the Company’s next drill program
  • The JTA has been identified by Dunnedin’s advisor Dr. Charles Fipke as the most prospective area of the Kahuna Project with an abundance of high-quality diamond indicator minerals (“DIM”) implying multiple undiscovered diamond-bearing sources
  • Dunnedin has narrowed down the main target area at JTA to 10 square kilometres and expects to continue testing for kimberlite pipes with core drilling in the new year

 

High Grade Kimberlite Dike Resource Update

  • Further evaluation is planned to determine the best course for expanding and progressing the existing inferred diamond resource of 4 million carats in two diamondiferous kimberlite dikes, Kahuna and Notch. In its 2018 exploration program, the Company’s drilling successfully extended the strike of two other diamondiferous dikes, PST and 07KD-24 (see news releases dated May 10 and July 11, 2018). PST and 07KD-24 are not in the current inferred resource and demonstrate the opportunity to add additional resources on the project
  • The Company is currently processing geophysical results from test surveys covering kimberlite dike targets that were completed during the winter and summer 2018 drill campaigns, and will provide an update when this work is complete
  • As Dunnedin reviews its dike resources, the Company also plans to study development concepts

Claudia Tornquist, President of Dunnedin, said, “Dunnedin’s maiden drill program in 2018 tested a selection of kimberlite targets, with many more remaining to be drilled, particularly high priority pipe targets with exceptional DIM chemistry in the Josephine Target Area. We are pleased with the successful extensions at PST and 07KD-24 during the 2018 program which highlighted the potential of additional high-grade, near-surface, steeply-dipping kimberlite dikes at Kahuna. Future exploration will continue to focus on the discovery of kimberlite pipes but in parallel, we will also study the potential to grow and advance our maiden resource.”

Copper-Gold Porphyry Strategy

While Dunnedin is fully committed to the diamond potential at the Kahuna Project, the Company believes current market conditions are favourable for discovery-stage porphyry copper-gold projects, and will now begin to unlock the value of its 100% owned Trapper Project to the benefit of shareholders.

Dunnedin is considering strategies to advance this project and realise its value, including active exploration during the 2019 field season and various transaction alternatives such as a spin-out, combination with other copper assets, farm-in/joint venture and sale.  A technical review of all drilling, geophysical and geochemical data is now underway to inform management.  Decisions are expected to be announced over the coming days.

Chris Taylor, CEO of Dunnedin said, “I began my career working at copper porphyry mining projects in British Columbia, and have seen the impressive economic value of these projects through the discovery process first-hand.  Our Trapper Project is one of these systems and is not currently driving value for our shareholders.  The long-term fundamentals of the copper market are excellent, and copper porphyry systems are some of the most sought-after deposits by major mining companies.  There is substantial market interest for high-quality copper opportunities, and recent discoveries in the Golden Triangle region have highlighted the potential of this region of northern BC, where Trapper is situated.”

About the Trapper Copper-Gold Porphyry Project

  • 100% owned, 37.5 square kilometre land package located in the northern “Golden Triangle” region in British Columbia, covering a gold-rich copper porphyry complex
  • Circular mineralized “ring zone” with over 10 kilometres of strike surrounding a porphyry centre, with associated surface copper showings and gold-rich polymetallic mineralization drilled over 2.2 kilometres
  • 42 drill holes (8,581 metres) completed in 2011. Drill results include visible-gold in drill core flanking copper porphyry, including 34.1 metres of 1.71 g/t gold
  • Copper porphyry exposures discovered on surface are drill-ready. Targets include a large, 800 metre by 1,200 metre chargeability anomaly with 0.15% to 0.42% copper in outcrop, and four areas with highly elevated copper coincident in stream sediment, talus and outcrop
  • Also hosts a polymetallic mineralization system with drill-indicated high-grade gold plus silver, zinc, lead and copper
  • Highlights of 2011 drill intersects are shown in Figure 1, along with a geophysical representation of the main porphyry centre, and copper results from grab samples across the project
  • Refer to news releases of October 26, 2016 and March 27, 2017 for a summary of exploration results at Trapper

 

Figure 1: Map of Trapper Copper-Gold Porphyry Project showing locations of 2011 drill holes and widespread copper samples surrounding an interpreted copper porphyry centre

 

Board of Director Appointment

The Company is pleased to announce the appointment of Steven Krause, CPA, CA, ICD.D as director and chair of the audit committee. Mr. Krause is the co-founder, president and a director of Avisar Chartered Professional Accountants.  He has worked extensively with mining, mineral exploration and development stage companies in North and South America.  Mr. Krause is also the former chairman of Luna Gold, where he was chairman until the successful merger of Luna Gold and JDL Gold to form Trek Mining, in a $360 million merger. He is currently the CFO of Viva Gold Corp. and the former CFO of Bear Creek Mining Corporation.  Mr. Krause holds a Bachelor of Business Administration degree from Trinity Western University and received his Chartered Professional Accountant designation in 1997.  He also holds a Certified Public Accountant designation in the state of Illinois, USA and is a graduate of the Institute of Corporate Director’s Education Program (ICD).

Webinar

Dunnedin will host a webinar to discuss the Company’s recent news and future exploration plans. The webinar will take place on Friday, November 30th 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):

Dial-In Numbers:

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

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 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 Project near Atlin in the northern “Golden Triangle” region of British Columbia. The Trapper Project is interpreted to overlie a gold-rich copper porphyry complex having a surface geochemical, geophysical and regional alteration signature of over 15 square kilometres. 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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11 Jul 2018

Dunnedin Recovers 338 Diamonds from First Kimberlite Drilled at Kahuna Project in 2018

July 11, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” of “Dunnedin”) (TSX-V: DVI) today provides new diamond results from its 100% owned Kahuna Diamond Project in Nunavut. As noted in its May 10, 2018 news release, new targets as well as hidden extensions to historical discoveries were tested using rotary air-blast (‘RAB’) drilling in the winter program. Nearly 400 kilograms of kimberlitic RAB material recovered from these targets was shipped to CF Mineral Research Ltd. (‘CFM’, Kelowna, British Columbia) for microdiamond recovery.

Results for 127.74 kilograms from the newly-identified extension of diamond-bearing kimberlite 07KD-24 include 338 diamonds larger than the 0.106 mm sieve size, including four commercial-sized diamonds larger than 0.85 mm. The five largest diamonds shown in Figure 1 include clear and colourless variants of octahedra totaling 0.072 carats. Diamond recovery results are presented in Table 1 below.

 

Figure 1: Image that includes the five largest diamonds recovered from 07KD-24. The stones appear to be clear and colourless variants of octahedral shapes with few inclusions.

Chris Taylor, CEO of Dunnedin commented, “We are very pleased that our DIM-based exploration protocols have discovered the concealed extension to a potentially high-grade diamond source with high-quality diamonds. The number and quality of larger diamonds in this initial sample are very encouraging. Considering that RAB drilling is a rapid first stage exploration tool but can generate more diamond breakage than other drill methods, we  are very excited with this result and intend to follow-up with core drilling in our winter 2019 program to obtain more representative geological, grade and diamond data.”

 

Table 1: Caustic fusion results for the first sample of kimberlitic material recovered from 07KD-24.

07KD24 Number of Diamonds per Endecott Sieve Size (mm Square Mesh Sieve)
Total Sample Weight

(kg)

+0.106

– 0.150

0.150

-0.212

0.212

-0.300

0.300

-0.425

0.425

-0.600

0.600

– 0.85

0.85

-1.18

1.18

-1.70

Carat Weight (+0.85mm) *Total

Stones

127.74 122 84 73 34 13 8 2 2 0.072 338

*Note: The RAB drilling method produces a large component of rock fines during sampling. Consequently, a large number of diamonds smaller than the 0.106 mm cut-off size are not included in the reported results.

 

The diamond result for 07KD-24 is a composite of intervals from RAB holes 18-RAB-002, 18-RAB-003, and 18-RAB-004, all drilled from the same set up (see Figure 2). Details of the drilling at 07KD-24 are in the Company news release dated May 10, 2018.

 

Figure 2: Drill Targets and RAB Holes from April 2018 drill program

Ongoing Exploration at Kahuna

The Company has also completed a Very Low Frequency (VLF) ground-based electromagnetic survey over 07KD-24 and other priority targets in the present summer program. The results outlining the potential size of this kimberlite and other targets will be released when analysis is complete.

Dunnedin is currently drill-testing a number of additional kimberlite targets across the Kahuna Project, focusing on pipe-like signatures of which many also have associated DIM occurrences in down-ice glacial till samples.  The current phase of drilling is expected to conclude mid-July, at which point any kimberlitic material intersected during the program will be shipped to CF Mineral Research Ltd for processing and analysis.  Any diamonds recovered from these samples, as well as the remaining April samples, will be reported as results become available.

Kimberlites that prove to be significantly diamondiferous will be further drill-tested with a core rig during winter 2018-2019 to determine geometry and to obtain mini-bulk samples that will allow the Company to characterize the diamond grade and size frequency distribution for each target.

 

Technical Data – QA/QC

Diamond results reported herein are composited from three RAB holes drilled in winter 2018. The 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

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 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.

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10 May 2018

Dunnedin Provides Update on Ongoing Drilling at Kahuna Project – First Kimberlites Drilled by Company

May 10, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today provides an update on its ongoing 2018 drill program at its 100% owned Kahuna project, Nunavut.  The Company has drill-tested five of approximately 40 targets (13%), with potentially diamond-bearing kimberlite intercepted at two targets.  Inclement weather limited drilling and confined operations to the vicinity of the Company’s newly constructed camp and the Company’s best kimberlite pipe-type targets with the highest associated diamond indicator minerals (“DIM”) have not yet been tested. Dunnedin plans to return the property in six to eight weeks to drill the remaining high priority targets.

Of the five targets drilled, two were high count DIM-in-till targets, both of which yielded significant extensions to the known high-grade diamond-bearing PST and 07KD-24 kimberlite dikes.  Concentrated DIMs-in-tills were clearly associated with adjacent OhmMapper geophysical responses and new kimberlite intercepts, demonstrating the effectiveness of Dunnedin’s targeting methods.

Chris Taylor, Dunnedin’s CEO said, “During April drilling, we were able to show that our DIM-based exploration methods work.  We confirmed that high concentrations of priority ranked DIMs correlate directly to new potentially diamond-bearing kimberlite in both areas where tested.  Unusually poor weather only allowed us to test a handful of targets near our camp, and we are eager to drill our main DIM targets as soon as field conditions allow. Many of these are associated with kimberlite pipe-type geophysical signatures and large, high-count DIM trains that appear highly prospective for new diamond discoveries.”

Progress to date includes:

  • Completion of 11 Rotary Air Blast (“RAB”) drill holes (plus two abandoned holes), of which eight contain kimberlite intercepts consistent with vertically dipping kimberlite dikes
  • Approximately 400 kg of kimberlitic material has been shipped to CF Mineral Research Ltd. of Kelowna, BC for diamond and indicator mineral recovery
  • Initial diamond recovery results are expected in approximately eight weeks
  • A 20 person field camp was established south central to the Kahuna Property to support future exploration programs
  • The OhmMapper geophysical technique was employed on the Kahuna property for the first time and, together with DIM-based exploration methods, appears to be a highly effective drill targeting technique

 

Figure 1: Dunnedin 2018 Drilling Update – 13% of targets drilled to date. There are multiple targets in each target area.

The first of the kimberlites drilled during the program is an on-strike extension to 07KD-24, an exceptionally diamond bearing kimberlite dike which historically returned over 305 diamonds including seven commercial-sized diamonds from a 2.2 kg sample.  Five drill holes in two locations spaced 100 metres apart were completed across this target, details of which are provided below.  The drilled strike length of this body is now 225 metres, and it remains open to extension along strike and down dip.

Drilling at the second kimberlite target successfully intercepted the along-strike continuation of the Company’s PST kimberlite dike, which previously returned an average sample grade of 4.02 carats per tonne from 2.03 tonnes (+0.85 mm), and high quality commercial sized diamonds during Dunnedin’s 2015-2017 work (see news release dated July 25, 2017).  Three drill holes were completed across this target at one location.  The PST kimberlite’s drilled strike length is now approximately 350 metres, and also remains open along strike and down dip.

Both PST and 07KD-24 appear to have greater strike extent than was apparent from past drilling and geophysical surveying.  No resource has yet been calculated on either target.

Three strong magnetic highs with lower DIM-in-till counts were also tested and were determined to be caused by magnetic bedrock formations.  Two of these contained significant intervals of silicified, sulphide-mineralized banded iron formation (“BIF”) and are prospective for gold mineralization similar to the adjacent Meliadine gold project of Agnico Eagle Mines Ltd. (TSX: AEM).  DIMs at these targets were likely sourced from undiscovered nearby diamond-bearing kimberlites.

 

Table 1: Highlighted RAB Drill Intercepts

Drill Hole Target Type Azimuth Dip From (m) To (m) Interval (m) Description of rock chips
18-RAB-001 Mag High 0 90 21.34 28.96 7.62 Silica and sulphide bearing BIF
18-RAB-002 DIM 300 60 51.82 54.86 3.05 Kimberlite and gneiss (07KD-24)
18-RAB-003 DIM 300 50 41.15 44.20 3.05 Kimberlite and gneiss (07KD-24)
18-RAB-004 DIM 300 70 65.53 73.15 7.62 Kimberlite and gneiss (07KD-24)
18-RAB-005 Mag High 0 90 3.05 45.72 42.67 Silica and sulphide bearing BIF
18-RAB-006 Mag High 0 90 4.57 38.10 33.53 Mafic intrusive
18-RAB-007 DIM 120 60 48.77 51.82 3.05 Kimberlite and gneiss (PST)
18-RAB-008 DIM 120 70 71.63 73.15 1.52 Altered gneiss and kimberlite (PST)
18-RAB-009 DIM 120 50 38.10 39.62 1.52 Kimberlite and gneiss (PST)
18-RAB-010 DIM 300 70 18.29 22.86 4.57 Kimberlite and gneiss (07KD-24)
18-RAB-011 DIM 300 80 68.58 73.15 4.57 Kimberlite and gneiss (07KD-24)

RAB drilling is an efficient way to evaluate shallow targets for diamond content (2018 holes ranged from 27.4 to 83.8 metres in length).  The RAB method produces chips and fine material brought to surface by pressurized air, drilled in 1.5 metre intervals. As a result, geological contacts are not distinct and true widths of kimberlite are unknown at this time. Intercepts reported herein include kimberlite and country rock that may represent dilution by adjacent country rock, internal xenoliths or down–hole dilution caused by the RAB drilling process itself. Over the course of winter RAB drilling, the Company completed 801.6 metres in 11 drill holes (plus two lost holes). A summary of drilling is provided as Table 1.

 

OhmMapper Geophysical Surveying

The majority of kimberlites drilled at the Kahuna project have a range of magnetic low and moderate magnetic high responses.  The diamond-bearing kimberlites drilled to date are typically moderate magnetic highs, and can be difficult to distinguish from background geology using only magnetic-based geophysical methods.

As part of the winter 2018 program, the Company evaluated ground electromagnetic responses in key target areas using the Geometrics OhmMapper Capacitive-Coupled Resistivity System, operated and post-processed by Aurora Geosciences. Survey results were highly successful at rapidly illuminating kimberlite dikes and associated alteration at depth.  This technique has been used by other Canadian diamond explorers including Kennady Diamonds (recently merged with Mountain Province Diamonds; TSX: MPDV) as a primary drill hole targeting tool.  It shows fine-scale resistivity contrasts in the shallow subsurface and was highly effective showing the location of the two potentially diamond-bearing kimberlites drilled by Dunnedin during this program, as shown in Figure 2.

The Company plans to complete additional Ohm Mapper surveys and test other ground electromagnetic methods in other priority areas. The combination of DIM-based target identification and resistivity-based ground geophysics appear to be very effective and complimentary methods of refining kimberlite targets for future drilling.

 

Figure 2: OhmMapper Section – Showing Resistivity Contrast Between Bedrock and Kimberlite

 

Mr. 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

 

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. 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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18 Apr 2018

Dunnedin Closes Over-Subscribed Placement and Raises $2 Million

April 18, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced that it has closed an over-subscribed non-brokered private placement of non flow-through (each, a “NFT Unit”) and flow-through (each, a “FT Unit”) units for gross proceeds of $1,702,500 (the “Offering”).  The Company has also received $378,124 through exercise of common share purchase warrants since March 2018, for total gross proceeds of $2,080,624.

The Company has issued 5,341,667 NFT Units at a price of $0.30 per share and 250,000 FT Units at a price of $0.40 per share through the Offering. Each NFT Unit consists of one common share and one-half-of-one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.35 for a period of twenty-four months.  Each FT Unit consists of one common share and one-half-of-one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.47 for a period of twenty-four months.  The share purchase warrants issued as part of the FT Units and the NFT Units are subject to accelerated expiry in the event the closing price of the common shares of the Company on the TSX Venture Exchange is $0.65 or greater for twenty consecutive trading days.

Chris Taylor, CEO of Dunnedin, said, “We look forward to advancing our exploration program at the Kahuna diamond project and testing a comprehensive suite of priority drill targets. The first phase of drilling is currently under way and we expect the diamond recovery results in Q2 and Q3. These results will inform the prioritization of further drill targets and we are now funded to add a second phase of drilling in the summer.”

Proceeds of the Offering will be used in part to fund the Company’s 2018 exploration program on the Kahuna Diamond Project in Nunavut and for general corporate purposes.

In connection with closing of the placement the Company paid finders’ fees of $45,642 and issued 136,140 share purchase warrants exercisable to acquire a common share of the Company at a price of $0.35 for a period of twenty-four months (each, a “NFT Broker Warrant“) and 12,000 share purchase warrants exercisable to acquire a common share of the Company at a price of $0.47 for a period of twenty-four months (each, a “FT Broker Warrant“) to eligible parties who introduced subscribers to the placement.  Each NFT and FT Broker Warrant is exercisable for a period of twenty-four months, subject to accelerated expiry on the same terms as the warrants comprising the FT Units and the NFT Units.  All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period.

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

 

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, 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.  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. 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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22 Feb 2018

Dunnedin Reports New Diamond Target Area at Kahuna Project

February 22, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced it has identified a cluster of new, potentially diamond-bearing kimberlite targets in the south-central portion of its 100% owned Kahuna Diamond Property, Nunavut.

The Company also reports that it is on schedule to begin its upcoming drill program in March 2018, which is expected to run through late winter into May. The drill program will test 10 to 15 kimberlite targets and will focus on circular geophysical pipe-like responses supported by high quality Diamond Indicator Minerals (“DIMs”) in till immediately down-ice.  Dunnedin’s work continues to highlight clusters of priority targets across the Kahuna Property by using unique mineral screening protocols and classification employed by C.F. Mineral Research Ltd. and Dr. Chuck Fipke.  The 2018 drill program is fully funded and the Company is currently working with local stakeholders and contractors to finalize operational plans.

Dunnedin’s work to date has highlighted five separate priority areas with drill-ready targets.  These prospective areas already host the inferred diamond resource at Kahuna-Notch, plus other diamond-bearing bedrock sources identified by historic work.  The Company has now identified a sixth and new area from 392 high priority sample results that are part of a suite of over 3,000 till samples collected during summer 2017. Preliminary results define a three kilometre by two kilometre area of diamond-associated mineral chemistry in till, southeast of the high-grade PST kimberlite.  This new area is also characterized by a cluster of circular geophysical targets consistent with kimberlite pipes.  No historic drilling or trenching has been reported in this new area and specific targets will be drill-tested by Dunnedin as part of the upcoming program.

Chris Taylor, Dunnedin’s CEO said, “We are excited to add a sixth new area to our drill plans for 2018. With clusters of geophysical targets having indicator mineral chemistry similar to, or better than known diamond-bearing kimberlites on the property, we believe that our six priority areas have the potential to deliver the first-ever significantly diamond bearing kimberlite pipes at Kahuna.”

A map showing the six high priority target areas and the focus of Dunnedin’s 2018 drill program is provided as Figure 1 below.

Figure 1. 2018 Priority Drill Target Areas, Kahuna Diamond Project

 

The Company is currently completing indicator mineral recovery, analysis and target ranking from a further suite of 733 priority till samples collected in 2017 to confirm details of individual drill targets in each of the six target areas.  The final drill targets will be released prior to the 2018 drill program.

 

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 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.

 

 

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31 Jan 2018

Solstice Gold Raises $8.37 as Dunnedin Completes Spin Out of Gold Assets at Kahuna Project

Solstice Gold Raises $8.37 as Dunnedin Completes Spin Out of Gold Assets at Kahuna Project

January 31, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company“) (TSX-V: DVI) today announced it has completed its previously announced plan of arrangement (the “Arrangement“), involving the spinout of the Company’s wholly-owned subsidiary Solstice Gold Corp. (“Solstice“).  Under the terms of the Arrangement, one common share of Solstice was distributed for every three common shares of the Company outstanding as of July 17, 2017.  In addition, the Company completed a reorganization of its share capital such that all existing common shares of the Company were reclassified as “Class B Common Shares”.  The Arrangement was approved by the shareholders of the Company, and the Supreme Court of British Columbia, on December 22, 2017.

Solstice holds the Company’s gold mineralization rights, including 66 full claims and one-half of 12 additional claims covering the Kahuna Project (“Kahuna“).  The property interests comprise a district scale land package of 806 square kilometres adjacent to claims controlled by Agnico Eagle Mines Ltd. which host the world class Meliadine Deposits, and exclusive secondary rights on an additional 858 square kilometres.  Kahuna is located in Nunavut, Canada approximately 26 kilometres from Rankin Inlet.

Concurrent with completion of the Arrangement, Solstice has completed a non-brokered private placement financing consisting of both units (the “Units“) and flow-through shares (the “Flow-Through Shares“) for a gross amount of $8,376,400.  Solstice issued a total of 26,534,400 Units at a price of $0.25 per Unit.  Each “Unit” consists of one common share and one-half-of-one warrant.  Each whole warrant entitles the holder to purchase a further common share of Solstice at a price of $0.35 for a period of thirty months.  Solstice has also issued 5,809,334 Flow-Through Shares at a price of $0.30 per Flow-Through Share.  Solstice Management and Board participated for a total of 6.5% of the financing.

The net proceeds from the financing will be used for exploration activities on Solstice’s Kahuna project and for general corporate purposes.  In connection with the financing, Solstice paid finders’ fees of $334,914 and issued 636,722 broker warrants to unrelated parties.   Each broker warrant entitles the holder to purchase one common share of Solstice at a price of $0.30 for a period of thirty months.

David Adamson, Executive Chairman of Solstice, stated, “Solstice management would like to thank Dunnedin for recognizing the potential gold value in the Kahuna Project and undertaking the spin-out.  We would also like to thank our investors for their strong support.  We believe that the extensive Kahuna project has already demonstrated the presence of gold over a large area.  We are currently formulating plans for 2018 aimed at defining drill targets and further evaluating our district-scale land package.” Further details of the Kahuna gold project can be found at www.solsticegold.com.

Chris Taylor, CEO of Dunnedin, stated, “We at Dunnedin are confident that Kahuna’s impressive gold potential will be unlocked by the experienced and capable management team at Solstice.   As we move into active 2018 exploration programs, we look forward to delivering shareholder value as Dunnedin and Solstice advance both the diamond and gold assets of the Kahuna project.”

For further information concerning the Arrangement, readers are encouraged to review the management information circular prepared by the Company in connection with the shareholder meeting held to approve the Arrangement.  A copy of the circular is available under the Company’s profile on SEDAR (www.sedar.com).

Dunnedin has also granted an aggregate of 2,240,000 stock options to management, directors and consultants of the Company, exercisable at $0.24 per share for a period of five years.

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 its 100% owned Kahuna diamond 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 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.

 

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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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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.

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