16 Jan 2020

Dunnedin Drills New Copper-Gold Porphyry Discovery in “Gate Zone”: Results Include 102 m of 0.68% CuEq (0.53% Copper & 0.16 g/t Gold) at MPD Project, Southern British Columbia

Dunnedin to Host a Webinar on Friday, January 17th @ 8:00am PST/11:00am EST

January 16, 2020 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today  reports results from the Company’s first drill program at its 100% owned MPD copper-gold porphyry project in southern British Columbia.  The MPD project is accessible year-round from paved highways 5A and 97C. 

Highlights Include:

  • Discovery drill hole MPD-19-003 has intersected the new “Gate Zone” containing the highest grade porphyry copper-gold mineralization reported in drill core at the MPD property to-date (figure 1)
  • The new discovery underlies a large copper-in-soil anomaly with over one kilometre of strike at the “Prime” area of the project. Over 100 historical drill holes containing copper and gold mineralization define a large, likely multi-centre porphyry system across 10 square kilometres of the MPD project
  • The Gate Zone includes intervals of higher grade copper-gold within a broad lower grade interval, with mineralization present from near surface to a vertical depth of 800 metres, and remains open at depth
  • Higher grade intervals include:
    • 74.9 metres of 0.54% CuEq (0.43% copper and 0.11 g/t gold) from 297.0 metres to 371.9 metres
    • 102.0 metres of 0.68% CuEq (0.53% copper and 0.16 g/t gold) from 404.9 metres to 507.0 metres
  • Broad moderate grade intervals include:
    • 763.6 metres of 0.28% CuEq (0.21% copper and 0.07 g/t gold) from 52.3 metres to 816.0 metres (entire bedrock drill hole length)
    • 340.7 metres of 0.42% CuEq (0.33% copper and 0.09 g/t gold) from 219.0 metres to 559.7 metres
  • Higher temperature porphyry signatures including bornite and potassic felspar alteration are generally stronger at depth, suggesting an upright and intact porphyry system with copper-gold mineralization potential increasing at depth (figure 2)

Figure 1: Cross-section of drill holes MPD 19-003 (Gate Zone) and MPD-19-002.  The upper panel is a map view representation of drill hole collars and drill traces showing background soil-in-copper geochemistry

Chris Taylor, Chairman of the Board of Dunnedin said, “Our original geological thesis has proven to be correct: We have confirmed significant zones of higher grade copper-gold mineralization at MPD, with mineralization present right from bedrock surface.  This is not a remote project, as the property is located immediately beside the highway, near active copper mines, and is accessible year-round, which significantly lowers exploration costs.”

Claudia Tornquist, President and CEO of Dunnedin said, “With our first drill program at MPD we have drilled the best hole on the property to date and discovered the higher grade Gate Zone where we intercepted 102 metres of 0.68% copper equivalent. This is an impressive intercept, keeping in mind that neighbouring producers mine ore with grades between 0.25-0.30% copper. Drilling at MPD so far has only scratched the surface, and many of the project’s copper-in-soil anomalies remain untested. The large porphyry system at MPD is wide open and we are excited about the great potential for more exploration successes and significant value creation for our shareholders. We will now focus on our exploration plans in 2020 and are defining a large number of drill targets.”

Complete assay results and drill collar/orientation information for holes MPD 19-001, MPD 19-002 and discovery hole MPD 19-003 (Gate Zone) are presented in table 1 and table 2 below.

Table 1: 2019 MPD Drilling Assay Results*

Hole IDFrom (m)To (m)Interval (m)% CuAu g/tAg g/t% CuEq**
Man Area
MPD-19-001153.83303.00149.170.040.070.310.11
Includes153.83225.0071.170.070.080.380.14
Prime Area
MPD-19-002246.00549.00303.000.130.090.810.22
Includes246.00330.0084.000.110.191.090.27
and Includes378.00531.00153.000.170.060.670.23
MPD-19-003
(Gate Zone)
52.35816.00763.650.210.070.770.28
Includes219.00559.74340.740.330.091.140.42
Includes297.00507.00210.000.410.120.810.52
Includes297.00371.9174.910.430.111.550.54
and Includes404.93507.00102.070.530.161.710.68

*Assay results are uncut weighted averages sampled continuously over mostly 3 metre widths. Interval widths represent drilled core length and true width is unknown at this time
** Metal prices used to calculate Cu Equivalent (% CuEq) are: Au $1500/oz, Ag $16.00/oz and Cu $2.60/lb.All values report in USD and do not consider metal recoveries

Table 2: 2019 MPD Drill Collar Information

Hole IDEasting (UTM Z10)Northing (UTM Z10)Elevation (m)Azimuth (Deg)DipEOH (m)
Man Area
MPD-19-0016812105513785128088-66303.00
Prime Area
MPD-19-00268195555157461285Na-90646.69
MPD-19-00368155555157531240180-80816.00
Total     1765.69

*Also refer to accompanying figures 1 and 3 for drill cross section and plan

Figure 2: Selected intervals of drill core showing a brief description of geology, a selected image of drill core from each described interval, and assay results for copper and gold values for the described interval

2019 drilling consisted of a total of 1,766 meters within three holes: two holes at the historic Prime area and one hole at the Man area. The holes drilled at Prime were designed to test the horizontal and vertical continuity of higher grade copper-gold mineralization below approximately 300 metres depth, which was encountered in two historic holes drilled in 2013. Prior to this, most historic drill holes rarely tested below 200 metres. Holes MPD-19-002 and MPD-19-003 were drilled to depths of 646.7 metres and 816.0 metres respectively. Both holes intersected significant copper (plus gold and silver) values over substantial widths and 395 metres apart. Mineralisation occurs in altered porphyritic andesite, diorite and/or monzonite, containing pyrite and chalcopyrite (with associated bornite below 500 metres).  Hole MPD-19-003 is the most successful hole drilled on the MPD property to date and is now referred to as the “Gate Zone”.

Hole MPD-19-001 at the Man Zone also intersected porphyry-style mineralization comprised of pyrite and minor chalcopyrite (+/- bornite). This new drill core from Man will be valuable when evaluating property-scale zonation of the larger porphyry system at MPD. 

The porphyry mineralization drilled at Prime and the new Gate Zone is located on the northeast flank of a broad 600 x 1,100 metre historic copper-in-soil anomaly at surface (see figure 3). The Company now has core from the three known copper porphyry zones on the MPD Project (when combined with historic core from Dillard).

Dunnedin will use core from all three zones to conduct petrographic and geochemical studies. Together with further geophysics, this work will be used to characterize the porphyry system at MPD and define additional prospective areas and targets for a larger drill program in 2020. Dunnedin is fully permitted and has a multi-year, area-based exploration permit for the MPD Project.

Figure 3: 2019 Prime area drill holes showing historical copper-in-soil results draped on three dimensional topography. Gate Zone discovery hole MPD-19-003 is located on the northern portion of a one kilometre long copper-in-soil target

Webinar
Dunnedin will host a webinar to discuss the Company’s recent results and future exploration plans. The webinar will take place on Friday, January 17th at 8:00am PST/11:00am EST. Management will be available to answer questions following the presentation.

To join webinar by computer, register from this link:
https://zoom.us/webinar/register/WN_trbawMjLSYaEtkzqWHb81w

Meeting ID: 251 346 108 #

Or to dial-in only use:
Canada           +1 647 558 0588
USA               +1 929 205 6099
UK                 +44 203 481 5240
Germany         +49 69 7104 9922
Switzerland     +41 43 210 71 08

QA/QC Procedures
All core samples were sent to ALS Canada Ltd. (ALS) in North Vancouver, BC for preparation and analysis. ALS meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Samples were analyzed using ALS’s Fire Assay Fusion method (Au-AA24) with an AA finish for gold; and by a 33-element four acid digest ICP-AES analysis (ME-ICP61) with additional analysis for Ore Grade Elements (ME-OG62) and Ore Grade Cu (Cu-OG62). In addition to ALS Laboratory quality assurance / quality control (QA/QC) protocols, Dunnedin implements an internal QA/QC program that includes the insertion of sample blanks, duplicates and standards in the field.

Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this release. Dunnedin believes historic results referenced herein to be from reliable sources using industry standards at the time. However, the Company has not independently verified, or cannot guarantee, the accuracy of this historic information.

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

On behalf of the Board of Directors
Dunnedin Ventures Inc.

Claudia Tornquist
President & CEO

About Dunnedin Ventures Inc.
Dunnedin Ventures is advancing a portfolio of copper porphyry projects in Canada and the USA, including the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia, the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona and the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia. Dunnedin’s porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. The Company also owns the advanced-stage Kahuna diamond project in Nunavut which hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets and is located 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine.

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

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

Forward-Looking Statement (Safe Harbor Statement): This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange. We do not assume any obligation to update forward-looking statements, except as required by securities laws.

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06 Jan 2020

Dunnedin Ventures – Annual Investor Letter

January 6, 2020 – Vancouver, British Columbia

Dear Investor:

From all of us at Dunnedin Ventures, our best wishes for a successful and prosperous New Year. We are grateful for your continued interest and support, and look forward to delivering exploration success in 2020. 2019 was a transitional year for Dunnedin as we saw an opportunity to capitalize on an overall market sentiment shifting in favor of copper porphyry assets over diamond exploration.

To that end, we added to our project portfolio with the acquisition of two promising porphyry projects, the MPD copper-gold project in southern British Columbia and the Mohave copper-molybdenum-silver project in Arizona. Together with our Trapper copper-gold project in the northern Golden Triangle we now own 100% of three advanced-stage copper porphyry exploration projects in North America, all of which have large footprints and the potential to yield major deposits.

Our strategic priority is to drill MPD and Mohave as both projects have significant discovery potential, are accessible year-round and are blessed with great infrastructure, including paved highways within a kilometre of the drill targets. In November, we achieved an important milestone and completed our maiden drill program at MPD. We are optimistic about this early round of drilling and much anticipating the drill results which are expected this month. Mohave is slated for drilling in 2020 so look out for more results and news flow throughout the year.

Why Copper?

It’s no secret that tomorrow’s sustainably-oriented world will require an abundance of copper.  Battery powered electrical cars will use up to 10 times more copper than today’s conventional cars and clean energy from solar and wind will need 4-6 times more copper than energy generation from fossil fuels.  According to Rio Tinto, more copper will be required in the next 25 years than was consumed in the last 500 years. The recent China-USA trade deal was a catalyst that pushed the copper price to a 7-month high in December, up 8% over 7 straight sessions of gains. The global commodities market is getting more bullish on copper and as shown by the short selling position of the metal which has been decreasing dramatically over recent months while the long position is gaining. Meanwhile, the pipeline of copper development projects is sparse and most analysts forecast a supply gap opening up that will need significantly higher copper prices in the coming years to be filled (see figure 1 below).


Figure 1: Copper Supply/Demand (Source: Wood Mackenzie, Rio Tinto)

Our Team

Dunnedin’s recently acquired porphyry assets were evaluated and selected by Dunnedin’s founder and Chairman, Chris Taylor who you may also know as the founder, President and CEO of our sister company, Great Bear Resources which made a significant gold discovery and was one of the best performing stocks on the TSX Venture Exchange in 2019. You may not be aware, however, that Chris is a structural geologist with significant porphyry experience who ‘cut his teeth’ drilling copper assets in North America for Imperial Metals for many years. My own background also includes significant experience in the copper space and during my years as general manager at Rio Tinto I was involved in feasibility studies at some of the world’s largest copper mines such as Escondida and Oyu Tolgoi.

Vice President Exploration, Jeff Ward and Andrew Berry, VP Operations, have co-managed highly successful exploration and drilling campaigns, with annual budgets exceeding C$20M in very challenging locations – they are certainly up to this task. We are also fortunate to be supported by great advisors, including Tom McCandless, a well-recognized porphyry expert. In addition, Dunnedin is able to access a wealth of expertise as a member of Discovery Group, which is led by successful mining entrepreneur John Robins and includes companies such as Great Bear Resources Ltd., Bluestone Resources Inc. and Fireweed Zinc Ltd. We are proud to be part of such a respected group, off the back of our exciting exploration potential.

MDP Copper-Gold Porphyry Project

MPD is a large, 78.5 km2 land package in south-central British Columbia, owned 100% by Dunnedin that we believe overlies a gold-rich porphyry system of significant size.  It is located just east of Highway 5A, between Princeton and Merritt in a prolific mining district with great infrastructure. Nearby mines with similar host rocks and mineralization styles include Highland Valley, Copper Mountain and New Afton.  From 1966-2014, previous operators including Rio Tinto and Newmont Mining completed 129 drill-holes for 25,780 metres at MPD.

We acquired MPD in November 2018 and in the summer announced results of our initial ground work at the project which consisted of mapping, prospecting, soil sampling and resampling of historic trenches.  Trenching results announced on August 22 included: 0.89% copper and 0.04 g/t gold over 46.0 metres, including 1.83% copper and 0.08 g/t gold over 12.0 metres. On August 29 we released further results, including grab samples with 0.89% copper and 0.32 g/t gold, and 0.76% copper and 0.24 g/t gold.

November 2019 marked an exciting milestone for Dunnedin as we successfully completed our maiden drill program at MPD. We drilled 1,766 metres in three drill holes and all holes intersected prospective sulphide-bearing, altered porphyritic host rocks. Two of the holes were designed to follow up on drilling in 2013 which for the first time tested deeper than previous historic holes which rarely exceeded 200m vertical depth. The 2013 holes yielded promising results as they both encountered porphyry mineralization with grades increasing with depth, approximately 450 metres apart (see figure 2). The samples from Dunnedin’s drill program are currently in the lab and assay results are expected this month.


Figure 2: MPD Project Prime Zone Cross Section

Mohave Copper-Molybdenum-Silver Porphyry Project

Announced on March 4, we acquired the Mohave copper-molybdenum-silver porphyry project in Arizona on favorable terms from fellow Discovery Group company, Bluestone Resources Inc.. The project was last drilled in 2011 with 11 holes for 3,500 metres. Anomalous mineralization over significant intervals was reported in all holes, with the first higher-grade intercepts also being drilled at that time, including 0.49% Cu over 59.4 m, and 0.30% Cu, 0.01% Mo, and 2.54 g/mt Ag over 70.7 m. Work to date strongly indicates that a large system of porphyry style mineralization underlies the project.

Mohave is road-accessible and adjacent to Highway 93 which links Las Vegas and Phoenix. The project is geologically and structurally analogous to the neighbouring Bagdad mine which is owned and operated by Freeport-McMoRan and has one of North America’s largest copper reserves.

Over the course of 2019 Dunnedin’s technical team reviewed the historic work on the project and we are ready to start exploration on the ground in 2020, starting with a geophysical modelling and infill, and followed by drilling.

Trapper Copper-Gold Porphyry Project

The third project in Dunnedin’s porphyry portfolio is the 100% owned Trapper project, located at the northern tip of the BC’s prolific Golden Triangle, adjacent to Brixton Metals’ Thorn project which was drilled in 2019 with excellent results. Trapper is a textbook copper-gold porphyry complex with an alteration signature of over 15 km2. It was drilled in 2011 and returned encouraging gold values including 34.11m @ 1.71 g/t gold, which propelled the valuation of the company to almost $80 million at the time. Trapper is an exciting project that provides Dunnedin with additional optionality for value creation.

Looking Forward to 2020

Our aim is to create material shareholder returns through exploration discoveries, in a global copper and gold market that is gaining positive momentum. We look forward to release the results from our first drill campaign at MPD soon and are planning to follow up with further drilling in the months ahead. In addition, our Mohave project offers further low-cost/high-impact exploration opportunity. As our porphyry assets can be drilled year-round you can look for a steady stream of exploration news from Dunnedin in 2020.

As we have witnessed in 2019, exploration companies have been rewarded handsomely in the capital markets for copper-gold discoveries. Other copper exploration companies in British Columbia such as GT Gold have generated significant increases in shareholder value through deeper drill testing of porphyry targets.  Having acquired MPD and Mohave because of their large porphyry footprints and encouraging shallow drill results, Dunnedin is now advancing these projects with a similar ambitious goal – the discovery of a large copper porphyry system that was hiding in plain sight, right beside the highway and surrounded by producing mines.

Sincerely,
Claudia Tornquist
President & CEO

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.

About Dunnedin Ventures Inc.
Dunnedin Ventures is advancing a portfolio of copper porphyry projects in Canada and the USA, including the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia, the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona and the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia. Dunnedin’s porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. The Company also owns the advanced-stage Kahuna diamond project in Nunavut which hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets and is located 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine.

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

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

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward- looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.  Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

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12 Dec 2019

Dunnedin Completes MPD Drill Program and Expects Results in January, Closes Oversubscribed Private Placement

December 12, 2019 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today reports the successful completion of its first drill program at its 100% owned MPD copper-porphyry project in Southern British Columbia.

Dunnedin completed an initial Phase 1 drill program at MPD. Highlights include:

  • All drill holes intersected prospective sulphide-bearing, altered porphyritic host rocks
  • The program was completed on time and below budget and the Company exceeded its diamond drilling target of 1,500 metres by completing 1,766 metres in three separate holes
  • All core was sampled over 3 metre intervals and 657 rock samples (including blanks, standards and duplicates) have been delivered to ALS Canada Ltd. in North Vancouver, BC for preparation and final analysis
  • Assay results are expected in January
  • Dunnedin will use these maiden drill results to help define the next phase of drilling at MPD in 2020. The Company has a multi-year, area-based exploration permit for the MPD Project authorizing up to 18 drill pads and mechanical trenching in 2019 and 2020

Claudia Tornquist, President and CEO of Dunnedin said, “With this first program Dunnedin has successfully confirmed our exploration thesis that the MPD project overlies a large porphyry system. We are encouraged to see promising mineralization in all drill holes and are looking forward to receiving the assay results in January. We were fortunate to have favourable conditions during our first drill program at MPD and were able to drill more than planned and still remain below budget. I would like to thank our technical team and local contractors for a well executed program. We will now focus on our exploration plans for 2020 which include further drilling at our MDP project in British Columbia and an initial exploration program at our 100% owned copper porphyry Mohave project in Arizona.”

Dunnedin also announces that it has closed a non-brokered private placement of non flow-through units (each, a “NFT Unit”) and flow-through units (each, a “FT Unit“) for gross proceeds of $605,850 (the “Offering”).  The Company has issued 3,608,000 NFT Units at a price of $0.075 per unit and 2,980,000 FT Units at a price of $0.1125 per unit through the Offering. Each Unit consists of one common share and one-half-of-one common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.15 for a period of twenty-four months.  The common share purchase warrants issued as part of the Units are subject to accelerated expiry in the event the common shares of the Company trade on the TSX Venture Exchange at a closing price of $0.25 or more for twenty consecutive trading days.

In connection with the closing of the placement the Company paid finders’ fees of $5,790 and issued 71,867 common share purchase warrants exercisable to acquire common shares of the Company to eligible parties who introduced subscribers to the placement.  All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period from the date of issue, expiring on April 13, 2020.

Proceeds of the Offering will be used to fund the Company’s exploration programs on its wholly owned, advanced-stage copper porphyry exploration projects in British Columbia and Arizona, and for general corporate purposes.

Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this release. Dunnedin believes historic results referenced herein to be from reliable sources using industry standards at the time. However, the Company has not independently verified, or cannot guarantee, the accuracy of this historic information.

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

On behalf of the Board of Directors
Dunnedin Ventures Inc.

Claudia Tornquist
President & CEO

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

The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin has title to 809 km2 of mineral tenure, with diamond rights covering 1,664 km2 in Nunavut, 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine. Dunnedin’s exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.

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

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

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward- looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.  Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

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14 Nov 2019

Dunnedin Announces Private Placement of up to $500,000

November 14, 2019 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) announces a non-brokered private placement financing of up to $500,000 (the “Private Placement”) of a combination of non flow-through units priced at $0.075 and flow-through units priced at $0.1125 (each, a “Unit”). Each Unit to be issued in the Private Placement will consist of one common share in the capital of the Company and one-half-of-one transferable common share purchase warrant (a “Warrant”). It is anticipated that key existing shareholders and insiders of the Company will participate in the Private Placement on the terms described herein.

Claudia Tornquist, President and CEO of Dunnedin said, “This small top-up financing will bolster Dunnedin’s reserves and give us additional flexibility as we execute our initial drill program at our 100% owned MPD copper-porphyry project in Southern British Columbia, and plan our exploration strategy for 2020. Our crews are on site at MPD and the work is progressing on time and on budget. A particularly intriguing area we are drill-testing is a porphyry target at Prime that was tagged during historic drilling in 2013 and never followed up. In this area both copper and gold grades, and bornite increased at depth, which is the desired outcome. Historic results include a drill intercept of 123 metres of 0.25% copper and 0.03g/t gold, including 0.34% copper and 0.066 g/t gold over the last 25 metres, before the hole ended, still in mineralization. This is just one of many examples that illustrate the excellent discovery potential at MPD. We are looking forward to the results of the current drill program by January.”

The Warrants to be issued as part of the Units will entitle the holder to acquire an additional common share at a price of $0.15 for a period of twenty-four months. They are subject to accelerated expiry in the event the common shares of the Company trade on the TSX Venture Exchange at a closing price of $0.25 or more for twenty consecutive trading days.

Proceeds of the Offering will be used to fund the Company’s exploration programs on its wholly owned, advanced-stage copper porphyry exploration projects in British Columbia and Arizona, and for general corporate purposes.

The closing date for the Private Placement is scheduled to occur on or before November 28, 2019. The Company may pay finders’ fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. All securities issued in the Private Placement will be subject to a statutory four month hold period. Closing of the Private Placement is subject to negotiation and execution of definitive documentation and receipt of all regulatory approvals, including approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Claudia Tornquist
President & CEO

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

The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin has title to 809 km2 of mineral tenure, with diamond rights covering 1,664 km2 in Nunavut, 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine. Dunnedin’s exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.

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

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

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward- looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

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28 Oct 2019

Dunnedin Commences Drilling at MPD Copper-Gold Porphyry Project, Southern British Columbia

October 28, 2019 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced that the Company has commenced its inaugural 2019 drill program at the 100% owned MPD Copper-Gold Porphyry Project in Southern Central British Columbia.

Chris Taylor, P.Geo, Chairman of the Board of Dunnedin said, “The MPD project has drill-proven potential to host a significant gold-rich copper discovery.  One of the most intriguing aspects of this project are gold values that are unusually strong for this district, including 120 metres of just under a gram per tonne in drill core, and 7 metres of 3.26 g/t gold in surface trenches.  On the copper side, recent surface results include an impressive 0.89% copper over 46 metres, and long mineralized intervals in historical core, showing increasing grades at depth in both locations where tested, indicating potential for a “deep porphyry” discovery.  The MPD project has flown under the radar for many years, but its location near infrastructure and year-round road accessibility, demonstrate why this area is a leading copper production district in B.C. and a cost-effective location of a junior exploration company like Dunnedin to potentially build shareholder value.”

Initial drilling at MPD in 2019 will consist of 1,500 metres of HQ/NQ size core to test significant porphyry-copper mineralization at depth at the Prime Zone (see Figure 1), and gold-rich mineralization intersected during historic work at the Man Zone. 

Claudia Tornquist, President and CEO of Dunnedin said, “We are excited to accelerate our work on the Company’s high-quality copper-gold porphyry projects. At MPD we are fortunate as the last round of historic drilling in 2013 ended on a high note and generated very promising results which we will now follow up for the first time. In addition, our work at the project to date has identified multiple further untested geochemical anomalies across the property. As we kick-off our first drill campaign at MPD, we look forward to unlocking the value of this consolidated land package with ten square kilometers of multi-zoned mineralization.”

Figure 1 – 2019 MPD Drill Targeting – Prime Zone Section

Drilling at the Prime Zone will target highly altered, well mineralized monzonite at depth.  Two holes drilled at Prime in 2013 ended with intervals of 24.6 metres of 0.34% copper and 0.066 g/t gold and 12 metres of 0.33% copper and 0.073 g/t gold, approximately 450 metres apart. A key observation is that increasing copper grade was associated with both chalcopyrite and bornite mineralization. Bornite in particular is a higher-grade copper mineral that is generally associated with more centrally located zones of copper mineralization within porphyry systems, and suggests these historical holes were terminated prematurely.  Dunnedin will follow up these historic holes that demonstrate prospective geology and test the potential for a large, mineralized porphyry-type system at depth.

The Man Zone hosts the highest gold values reported from the MPD property to date, with historic drill results of 120 metres of 0.21% copper and 0.92 g/t gold and 63.6 metres of 0.45% copper and 0.76 g/t gold that includes 3.0 metres of 0.53% copper and 8.23 g/t gold (in 2007 and 1980 respectively).

The MPD project is accessible year-round via paved highway and situated approximately 40 kilometres southeast from Merritt, British Columbia.  In preparation for upcoming drilling, the Company initiated mapping, prospecting, soil sampling and resampling of historic trenches on the property this summer. The Company will use these results to characterize the porphyry system at MPD and guide drilling.

Highlights of 2019 Work to Date:

  • 93 rock chip samples covering 127 aggerate metres of strike in reopened historical trenches at the Man Zone. New trench assays at Man include:
    •  0.89% copper and 0.04 g/t gold over 46.0 metres, including 1.83% copper and 0.08 g/t gold over 12.0 metres
    • 0.60% copper and 0.14 g/t gold over 23.0 metres
    • 0.57% copper and 3.26 g/t gold over 7.0 metres
  • High copper and gold values in grab samples at Dillard include 0.80% copper with 0.32 g/t gold, and 0.76% copper with 0.24 g/t gold
  • Copper-gold (+ silver) mineralization at Prime, including 0.49% copper with 0.26 g/t gold over 2 metres and; 1.03 g/t gold with 9.40 g/t silver in grab samples
  • Recent soil sample results have identified new copper-gold targets 550 metres southeast of Man. This is in addition to other large, untested historic soil anomalies present at MPD (see Figure 2)

Figure 2 – Historic Copper-in-soil Geochemistry – Prime Zone

MPD 2019 Permitting
Dunnedin has received a multi-year, area-based Exploration Permit with the British Columbia Ministry of Energy, Mines and Petroleum Resources allowing up to 18 drill pads and up to 10 mechanical trenching sites in 2019 and 2020.  The Company’s Phase 1 drilling in 2019 will include several of these drill sites, with the remaining drilling and trenching operations approved under this permit extending into 2020.

Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this release. The Company has not independently verified, or cannot guarantee, the accuracy of historic information disclosed herein. However, Dunnedin believes historic results to be from reliable sources using industry standards at the time.

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

On behalf of the Board of Directors
Dunnedin Ventures Inc.

Claudia Tornquist
President & CEO

About Dunnedin Ventures Inc.

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

The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin has title to 809 km2 of mineral tenure, with diamond rights covering 1,664 km2 in Nunavut, 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine. Dunnedin’s exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.

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

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

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward- looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.  Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

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29 Aug 2019

Dunnedin Reports 0.80% and 0.76% Copper in Grab Samples and Identifies New Copper-Gold Soil Anomalies at MPD Porphyry Project, Southern British Columbia

August 29, 2019 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced  further sampling and prospecting results from the 2019 exploration program at its 100% owned, road-accessible MPD Copper-Gold Porphyry Project (“MPD”) in Southern Central British Columbia.

In preparation for upcoming drilling, the Company completed a mapping, prospecting and sampling program. The Company recently reported significant copper and gold results from trenches at the “Man” area including 0.89% copper over 46.0 metres (see news release dated August 22, 2019) and the remainder of this work is reported herein. Dunnedin is very encouraged by these new results, which have generated new target areas and helped focus our upcoming drill program.

Select assay results from prospecting work at MPD are provided in Table 1. Highlights include:

  • High copper and gold values at Dillard, including 0.80% copper with 0.32 g/t gold, and 0.76% copper with 0.24 g/t gold in grab samples
  • Copper-gold and gold-silver mineralization at Prime, including 0.49% copper with 0.26 g/t gold over 2 metres and; 1.03 g/t gold with 9.40 g/t silver in grab samples
  • Significant copper mineralization defined at Belcarra with 0.19% copper and 0.08 g/t gold trenched over 22.5 metres, 800 metres northwest of Man.
  • 2019 soil sample results have identified new copper-gold targets 550 metres southeast of Man, in an area not yet tested by drilling, but comparable to soil anomalies over the known mineralization at the Man target
  • Mineralization occurring in both rock and soil samples over a broad area at MPD validates the potential for a significant copper-gold porphyry system and the opportunity for new discoveries on the property

Claudia Tornquist, President and CEO of Dunnedin said, “Results from surface sampling continue to identify significant surface mineralization across the MPD property, highlighting the opportunity for a major discovery within this under-explored, consolidated land package. We are looking forward to the imminent start of our drill program and are especially excited that our first soil sampling program has already recognized new targets for follow-up in areas of the property not yet drilled by previous explorers.”

MPD Prospecting and Sampling

As part of preparatory work for the 2019 drill program, Dunnedin field staff resampled two historic trenches in the Man area (see news release dated August 22, 2019) and explored a broader, 25 square kilometre area that encompasses the historic Man, Prime and Dillard prospects. Grab and trench samples were collected from outcrops and trenches encountered during prospecting-mapping traverses (see Figure 1). The Company collected 48 prospecting rock samples, either as grab samples from outcrop, or as 1 to 2 metres chip samples in trenches. Samples collected in all three target areas (Man, Prime Dillard) returned significant copper mineralization with associated gold and silver (see Table 1).

Table 1 – Select 2019 MPD Prospecting Results*  

Sample IDAreaSample TypeFrom
(m)
To
(m)
Interval
(m)
Cu%Au g/tAg g/t
31439DillardGrab0.800.320.90
31438DillardGrab0.760.240.25
31443DillardGrab0.410.090.25
31441DillardGrab0.310.130.25
31442DillardGrab0.260.100.25
31440DillardGrab0.200.070.25
31419PrimeChip0220.490.262.60
31420PrimeGrab0.021.039.40
31417PrimeGrab0.140.030.25
Belcarra TRB1Man NTrench022.522.50.190.080.52

*Interval represents trench sample length and is not intended to reflect true width. Grab samples are selective in nature and not necessarily representative of mineralization on the property

Figure 1 – 2019 MPD Prospecting Sample Map

A series of six grab samples from copper-bearing boulders in the Dillard area are described as volcanic rocks hosting irregular quartz-carbonate veining with disseminations and stringers of chalcopyrite, pyrite and minor malachite.  Similarly, mineralized rocks were also noted in the Prime area where a chip and grab sample contained significant gold and silver. Historic mapping in both areas reference Nicola Group volcano-sedimentary rocks being intruded by porphyritic syenite-monzodiorite dykes and stocks.

A steep slope referred to as the Belcarra trench was sampled one kilometre northwest of the Man trenches. Copper at Belcarra occurs as malachite on fracture/contact surfaces, or as chalcopyrite disseminations over a 22.5 metre section of exposed and altered bedrock. Mineralized host rocks at Belcarra look very similar to the variably-altered porphyritic intrusive and volcanic assemblage observed in the copper-bearing Man trenches.

MPD Soil Geochemical Survey

The Company has identified significant copper and gold-in-soil anomalies on the SE Man soil grid in an area south east of Man and not yet tested by drilling.

Historic soil geochemical surveys at MPD were restricted to local grids, often overlapping and missing multielement data or specific metal analyses. To compare the efficacy of historic soil sampling, the Company collected 200 soil samples over an 800 by 1000 metre grid area (SE Man grid) located southeast of the historic copper-in-soil anomaly defined at Man.

Samples of “B” horizon subsoil were collected at 50 metre intervals along sample lines spaced 100 metres apart. Historic grids in the area did not test for trace elements or precious metals. New assay results from the 2019 soil survey highlight gold values immediately south of the Man trenches and pronounced copper, gold and silver anomalies central to the grid and 550 metres south of the Man trenches. These anomalies reflect the metallic suite targeted in porphyritic host rocks and are analogous to known mineralization and the copper-in-soil anomaly present at Man. (see Figure 2). 

Figure 2 – 2019 MPD SE Man Soil Grid

Anomalous copper values up to 201 ppm and gold values up to 136 ppb overlap in the north central portion of soil survey, with some offsets either due to peripheral zoning or depth of overburden. Table 2 shows value ranges and anomalous thresholds for copper-gold-silver on the 2019 SE Man soil geochemical survey.

Table 2 – 2019 SE Man Soil Sampling – Comparative Percentile Values

PercentileCu (ppm)nPercentileAu (ppb)nPercentileAg (ppm)n
7556.248756.948750.22849
9081.1199013.620900.35919
95113.0109520.210950.43710
98130.249825.64980.5484
Min8.6 Min0.1 Min0.031 
Max201.0 Max136.0 Max0.855 
Mean48.1 Mean6.5 Mean0.183 

The MPD Project’s Nicola Belt geology has many similar characteristics to nearby alkalic porphyry systems at the Copper Mountain Mine to the south, and New Gold’s New Afton Mine to the north. Past exploration has identified numerous copper showings over a large, 10 square kilometre area. Copper and gold mineralization extend from surface, with earlier drilling on the property rarely testing below 200 metres vertical depth. Several historic holes that exceeded 200 metres indicate the potential for porphyry-type mineralization of significant depth and size.

MPD 2019 Permitting

Dunnedin has applied for a multi-year area-based Exploration Permit with the British Columbia Ministry of Energy, Mines and Petroleum Resources requesting authorizations allowing up to 18 drill pads and up to 10 mechanical trenching sites in 2019 and 2020.  This application is in the final stages of the review process by regulators and drilling will commence upon receipt of the permit, which the Company expects in September.

QA/QC

All rock and soil samples were sent to ALS Canada Ltd. (ALS) in North Vancouver, BC for preparation and analysis. ALS meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Rock samples were analyzed using ALS’s Fire Assay Fusion method (Au-AA24) with an AA finish for gold; and by a 33-element four acid digest ICP-AES analysis (ME-ICP61) with additional analysis for Ore Grade Elements (ME-OG62) and Ore Grade Cu (Cu- OG62). Soil samples were analyzed using ALS’s AuME-ST43 Super Trace Au + Multi Element package. Results were reported in parts per million (ppm) and converted to percent (%), grams per tonne (g/t) or parts per billion (ppb) when applicable. QA/QC includes field duplicates and field standards. Laboratory QA/QC includes standards, duplicates, re-assays, and blanks inserted by ALS. All QA/QC results were within expectations.

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

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

On behalf of the Board of Directors
Dunnedin Ventures Inc.

Claudia Tornquist
President & CEO

About Dunnedin Ventures Inc.

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

The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin has title to 809 km2  of mineral tenure, with diamond rights covering 1,664 km2 in Nunavut, 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine. Working with its advisor and largest shareholder Dr. Chuck Fipke Dunnedin’s exploration at Kahuna is focused toward the discovery of diamondiferous kimberlite pipes.

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

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

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward- looking statements”.   Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

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22 Aug 2019

Dunnedin Trenches 0.89% Copper Over 46.0 m and 3.26 g/t Gold Over 7.0 m at MPD Copper-Gold Porphyry Project, Southern British Columbia

August 22, 2019 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced first results from the 2019 exploration program at its 100% owned MPD Copper-Gold Porphyry Project in Southern Central British Columbia.

The MPD project is accessible year-round via paved highway and situated approximately 40 kilometres from Merritt, British Columbia.  In preparation for upcoming drilling, the Company initiated mapping, prospecting, soil sampling and resampling of historic trenches on the property. Initial work consisted of 93 rock chip samples covering 127 metres of aggregate strike length of reopened historical trenches in the “Man” area of the property.  The Company will use these results to characterize the porphyry system at MPD to guide upcoming drilling.

New assay results from historical trenches are provided in Table 1.  Highlights include:

  • 0.89% copper and 0.04 g/t gold over 46.0 metres, including 1.83% copper and 0.08 g/t gold over 12.0 metres
  • 0.60% copper and 0.14 g/t gold over 23.0 metres
  • 0.57% copper and 3.26 g/t gold over 7.0 metres
  • Mineralization is consistent with historical reports and confirm a significant copper-gold porphyry system is present on the property
  • Mineralized porphyritic syenite-monzodiorite has a copper oxide overprint at surface, and contains copper sulfides (chalcopyrite, bornite) and pyrite confirmed by historic drilling
  • Copper mineralization is associated with gold and silver mineralization
  • Elevated gold values appear spatially associated with late cross-cutting high-angle structures

Claudia Tornquist, President and CEO of Dunnedin said, “Our first results from resampling historic trenches at MPD have confirmed strong mineralization over significant widths at surface, occurring within the preferred porphyritic host rocks.  Results from this field work is extremely encouraging and correlate well with historic results that suggest potential for a large, under-explored mineralized system at MPD. We are excited to expand our efforts to make meaningful discoveries on this project as the year progresses.”

Chris Taylor, Chairman of the Board of Directors of Dunnedin said, “We selected the MPD project because it has key characteristics that could lead to a low-cost new discovery. Mainly, excellent infrastructure access which helps cut costs, over 100 historical drill holes and trenches that define a 10 square kilometre, multi-zoned mineralized system and consolidation of the previously separate Man, Prime and Dillard properties under one umbrella.  As a Dunnedin shareholder, I very much look forward to what our upcoming drill program could bring.”

Upcoming exploration results from the MPD Project include:

  • Results from a 200-sample soil survey covering approximately 800 by 1000 metres designed to augment existing geochemical data in the Man target area
  • Results from 48 rock samples collected during prospecting-geological traverses and from additional trenches in the Man, Prime and Dillard target areas

MPD Trench Sampling – Man Prospect

In preparation for drilling at MPD, field crews began evaluating historic drill and trench sites on the property in July. As part of this work, surface trenches originally excavated by Newmont Exploration Canada Inc. at the Man prospect in 1980 were resampled by hand trenching (see Figure 1 and 2). The Company collected 93 rock chip samples, 1 to 2 metres in length, from five segments within two historic trenches. Trench resampling totaled 127 metres in the Man prospect area (see Table 1).

Table 1 – 2019 MPD Trench Sampling Results – Man Prospect

Trench IDFrom (m)To (m)Interval (m)Cu%Au g/tAg g/t
TR2M (0-50m)450460.890.043.18
 Includes1628121.830.087.67
TR2N (0-20m) 0550.180.050.55
  181910.250.261.90
TR2C (0-21m)121200.850.010.50
 includes71581.520.010.71
TR3M (0-23m)023230.600.141.31
TR3N (0-10m)31070.573.261.87
 Includes3631.194.953.70
TR3N (31093)grab0222.250.775.20
TR3N (31094)grab0113.721.949.70

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

Figure 1 – 2019 MPD Trench Sampling Map – Man Prospect

Figure 2 – 2019 MPD Trench Sampling TR2C – Man Prospect

Copper in the Man trenches consists primarily of malachite, azurite and neotocite oxides, usually on fracture/contact/jointing surfaces, or as disseminations and blebs in host rocks. Gold occurs over narrower widths near fault contacts. Mineralization is hosted by a complex assemblage of hydrothermally altered (argillic and sericitic) and unaltered porphyritic syenite-monzodiorite, intruding into lesser amounts of Nicola Group volcano-sedimentary rocks.  Host rocks display fault displacement with sharp contacts and fault gouge, separating blocks of massive to altered variants. Porphyry emplacement within the trench area has been described as either a central stock, or irregular northwest trending dyke-like bodies. Most crosscutting structures similarly strike north to northwest and dip steeply to the east.

The MPD Project’s Nicola Belt geology has many similar characteristics to nearby alkalic porphyry systems at the Copper Mountain Mine to the south, and New Gold’s New Afton Mine to the north. Past exploration has identified numerous copper showings over a large, 10 square kilometre area. Copper and gold mineralization extends from surface, with earlier drilling on the property rarely testing below 200 metres vertical depth. Several historic holes that exceeded 200 metres indicate the potential for porphyry-type mineralization of significant depth and size.

MPD 2019 Permitting

Dunnedin has applied for a multi-year area-based Exploration Permit with the British Columbia Ministry of Energy, Mines and Petroleum Resources requesting authorizations allowing up to 18 drill pads and up to 10 mechanical trenching sites in 2019 and 2020.  Dunnedin’s application is in the final stages of the review process by regulators. The Company expects to commence drilling immediately upon receipt of the permit.

QA/QC

All rock samples were sent to ALS Canada Ltd. (ALS) in North Vancouver, BC for preparation and final analysis. ALS meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Rock samples were analyzed using ALS’s Fire Assay Fusion method (Au-AA24) with an AA finish for gold; and by a 33-element four acid digest ICP-AES analysis (ME-ICP61) with additional analysis for Ore Grade Elements (ME-OG62) and Ore Grade Cu (Cu-OG62). Results were reported in parts per million (ppm) and converted to percent (%) and grams per tonne (g/t). QA/QC includes internal lab standards, duplicates, re-assays, and blanks inserted by ALS. All QA/QC results were within expectations.

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

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

On behalf of the Board of Directors
Dunnedin Ventures Inc.

Claudia Tornquist
President & CEO
About Dunnedin Ventures Inc.

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

The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin has title to 809 km2 of mineral tenure, with diamond rights covering 1,664 km2 in Nunavut, 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine. Dunnedin’s exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.

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

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

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward- looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.  Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

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29 Apr 2019

Dunnedin Closes Private Placement, Announces Board and Advisor Appointments

April 29, 2019 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced that it has closed a non-brokered private placement of non flow-through units (each, a “NFT Unit”) and flow-through units (each, a “FT Unit“) for gross proceeds of $1,482,050 (the “Offering”).

The Company has issued 11,458,999 NFT Units at a price of $0.075 per share and 5,534,448 FT Units at a price of $0.1125 per share through the Offering. Each Unit consists of one common share and one-half-of-one common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.15 for a period of twenty-four months.  The common share purchase warrants issued as part of the Units are subject to accelerated expiry in the event the common shares of the Company trade on the TSX Venture Exchange at a closing price of $0.25 or more for twenty consecutive trading days.

Claudia Tornquist, President of Dunnedin, said, “Dunnedin’s team is looking forward to kicking off a busy exploration season on several fronts, and we are now fully funded for this work. Over the winter months we have expanded our project portfolio through two acquisitions in the copper porphyry space, MPD and Mohave, to add to our existing copper project, Trapper. This means we now have additional opportunities over and above our Kahuna diamond project in Nunavut and are in a position to explore throughout the year. We will start within weeks with an exploration program at the formerly drilled and recently consolidated MPD in southern BC, which we are confident presents an excellent opportunity for discovery.”

In connection with the closing of the placement the Company paid finders’ fees of $34,496 and issued 451,240 common share purchase warrants exercisable to acquire common shares of the Company (each, a “Finders Warrant”) to eligible parties who introduced subscribers to the placement.  All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period from the date of issue, expiring on September 2, 2019.

Proceeds of the Offering will be used to fund the Company’s exploration program on the MPD copper porphyry project in British Columbia and for general corporate purposes.

Dunnedin is also pleased to report that Patrick McAndless, B.Sc. P.Geo, has joined the Company as Technical Advisor. Patrick is a former Director of Dunnedin Ventures, and an industry awarded explorationist and recognized copper porphyry expert with over 45 years of industry experience and a track record of discovery. He is the recipient of numerous awards, including the prestigious BC and Yukon Chamber of Mines H. H. “Spud” Huestis Award for excellence in prospecting and mineral exploration. The Company has granted Mr. McAndless 50,000 stock options, exercisable at $0.075 per share for five years from the date of issuance.

The Company also announces that Chris Taylor will move from his position as CEO to be Chairman of the board of Dunnedin. Claudia Tornquist will be assuming the role of CEO in addition to the President role. Steven Krause who has been a director of the Company since November 2018 will be appointed as lead independent director.

“I would like to welcome Patrick as a strategic advisor to Dunnedin,” said Tornquist. “He is a leading expert in copper porphyry exploration and well connected in the industry. Dunnedin is fortunate to attract an advisor of Patrick’s caliber and will benefit greatly from his wealth of experience. The new structure of Dunnedin’s board will strengthen the Company as we continue to grow. I am looking forward to working with Chris in his capacity as Chairman where Dunnedin will continue to benefit from his experience and support. I am extremely pleased that Steven has taken on the additional responsibility of lead independent director.”

 

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

khenderson@dunnedinventures.com.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

 

Claudia Tornquist

President

 

About Dunnedin Ventures Inc.

Dunnedin Ventures is advancing copper porphyry projects in Canada and the USA; and the Kahuna diamond project in Nunavut, Canada. Dunnedin’s porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. They include the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, and the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia. In March 2019, Dunnedin entered into a letter of intent to acquire the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.

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

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

 

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

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.  Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, except as required by applicable securities laws.

 

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20 Mar 2019

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

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

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

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

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

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

QA/QC

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

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

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

On behalf of the Board of Directors
Dunnedin Ventures Inc.

Chris Taylor
Chief Executive Officer

Claudia Tornquist
President

 

About Dunnedin Ventures Inc.

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

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

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

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

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.  Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, except as required by applicable securities laws.

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10 Jan 2019

Dunnedin Ventures – Year-End 2018 President’s Letter

January 10, 2019

Dear Investor,

2018 marked a busy and exciting year for Dunnedin that saw progress on many fronts:

  • Our initial drill program considerably advanced the Kahuna diamond project
  • We extended two high-grade diamond bearing dikes through drilling and geophysics
  • Industry-leading kimberlite dike experts have been retained to advise on the advancement of our diamond resources
  • We furthered our exploration for diamondiferous kimberlite pipes and significantly narrowed down the most prospective area for a potential discovery
  • A till sampling campaign was completed in order to prioritize kimberlite pipe targets for follow-up drilling
  • The newly acquired MPD copper project joins our Trapper project to form a strong copper-gold porphyry portfolio in British Columbia
  • We strengthened our board with the addition of Steven Krause
  • We completed the spin-out of the gold mineralization rights on the Kahuna project into Solstice Gold Corp, which commenced trading on the TSX-V
  • Over the year Dunnedin raised $3.5 million through private placements and our advisor Dr. Charles (Chuck) Fipke increased his share in the company to over 10% through his participation

 

Diamonds from the Kahuna Project

 

Initial Drill Program at Kahuna

Dunnedin set out to drill-test the targets we determined following three years of analyzing historic data and probing thousands of surface samples for diamond indicator minerals (DIMs).  We took a prudent approach by relying on the surface exploration methods that our advisor and largest shareholder, Dr. Charles (Chuck) Fipke used to discover Canada’s Ekati mine, before embarking on our drill program.  Our initial drilling program was successful on two sides:

Kimberlite Dikes

We drilled significant extensions to two diamond bearing, high-grade kimberlite dikes. These expand the quantity of diamondiferous kimberlite  that has been confirmed on the property to date, as neither body is yet included in our maiden inferred resource of 4 million carats (see resource estimate) and target for further exploration (see TFFE estimate). To date we now have approximately 20 km of kimberlite dikes defined through drilling and geophysics and the Kahuna property hosts many more linear structures that remain largely untested and collectively comprise over 100 km of prospective, potentially kimberlite-bearing targets.

To further the potential of our kimberlite dikes Dunnedin has engaged SRK Consulting to develop options to expand the existing inferred diamond resource on the Kahuna and Notch dikes, incorporate the numerous other proven diamondiferous dikes on the Kahuna property and assess conceptual mining methods. We expect the results of this study in Q1 2019.

Kimberlite Pipes

We have significantly narrowed down our main target area for kimberlite pipes on our large property where we hold diamond rights over 1600 km2, to a 10 km2 area that shows a high concentration of high-quality DIMs. This section in the northeast of the property is known as the Josephine Target Area.

Through till sampling and drilling programs, we were able to show that known and weakly diamondiferous kimberlites in this area were not the sources of the abundant DIMs in till, which indicates that there must be one or several yet-to-be discovered sources for these DIMs nearby.  To zero-in on these sources we collected another batch of nearly 1,000 surface samples in the autumn of 2018 and we expect the priority results from these samples in the coming weeks.

 

Copper Portfolio Provides Additional Discovery Potential

In 2018 Dunnedin also started to actively explore options to unlock the value of its 100% owned Trapper copper-gold porphyry project in BC’s prolific Golden Triangle, on the heels of several high-profile porphyry exploration successes in the province.  In November we strategically acquired 100% of the historically drilled, and recently consolidated, MPD property in South-Central British Columbia. Like Trapper, MPD has immediate exploration upside and the potential to yield a major copper-gold porphyry system. The project is in a known, productive copper-gold porphyry belt with historically drilled grades similar to nearby producing mines. Dunnedin will provide further information on 2019 exploration plans at MPD as the project database is analyzed.

 

Strong Team & Strategic Alignment

On the management front, we were pleased to welcome Mr. Steven Krause to our Board of Directors. Steven is CFO of Viva Gold Corp. and former CFO of Bear Creek Mining. He was also former chairman of Luna Gold, where he led the $360m merger with JDL Gold to form Trek Mining. Steven’s experience in finance, corporate development, and governance is a welcome addition to our high-caliber team of director and advisors.

We are also proud to be affiliated with some of the most successful exploration and resource development professionals in Canada through the Discovery Group, led by John Robins.  With a shared philosophy of finding and advancing overlooked high-quality assets with good historic results and strong economic potential, several companies in this group have generated industry-leading returns for shareholders over the past year and certainly our CEO Chris Taylor is becoming well-known through the successes of our sister company Great Bear Resources, which made a significant high-grade gold discovery in Canada’s Red Lake District.

Indeed, it is our intention replicate these successes to the benefit of Dunnedin shareholders. We have the underlying assets and the team to unlock their potential. Our belief in the discovery potential at Kahuna is as strong as ever and our copper portfolio provides us with additional options to create value. In 2019 we will be pursuing a variety of avenues for funding, exploring and monetizing our assets to the benefit of shareholders. Watch for more news early this year as we move our projects forward, and we thank you for your continued support.

Sincerely,

 

Claudia Tornquist
President

 

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.

 

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