Dunnedin is advancing its 100% owned, Kahuna Diamond Project in Nunavut on two fronts:
- Kahuna hosts a high-grade, near surface inferred diamond resource of 4 million carats, in two kimberlite dikes at an average grade of 1 carat per tonne (cpt), with significant expansion potential (see Kahuna Resource Estimate).
- Kahuna hosts numerous kimberlite pipe targets, defined in collaboration with Dunnedin’s advisor and largest shareholder (12%) Dr. Chuck Fipke, who discovered Canada’s first diamond mine at Ekati, NWT, where more than 65 million carats have been produced to date.
At Kahuna, Dunnedin holds diamond interest on 1,664 km2 of mineral tenure located 26 kilometers northeast of Rankin Inlet and adjacent to the year-round infrastructure of Agnico Eagle’s Meliadine gold mine. The company acquired the project in 2014 and has benefited from CAD $30 million of exploration work spent on the property by previous owners. Combining this data with Dunnedin’s own sampling, trenching and drilling, Dunnedin is poised to make the next major kimberlite pipe discovery while developing a diamond resource in Canada.
Kahuna Project Highlights
- Advanced stage diamond exploration project in Nunavut, Canada
- Large land holding, diamond interest in 1664 km2
- Located in close proximity to Rankin Inlet, and adjacent to Agnico Eagle’s Meliadine mine
- High-grade near-surface inferred diamond resource, remains open along strike and at depth
- Exploration advised by diamond legend Dr. Chuck Fipke, discoverer of Ekati
- Outstanding diamond indicator minerals in till sampling have generated multiple new exploration targets for diamondiferous kimberlite pipes
- Initial drilling on 5 targets completed in April 2018, two diamond-bearing kimberlite dikes extended
- Additional drilling of 17 kimberlite targets completed July 2018; new pipe discoveredwith more than 100 metres of kimberlite intercepted and open at depth
- Diamond results from kimberlite pipe intercepts expected from CF Minerals Research from September onwards
- Ground work to prioritize additional drilling of kimberlite targets to take place in the fall of 2018
Timeline at Kahuna
- Q1 2018 – Priority till processing, target definition, camp construction, full mobilization
- Q2 2018 – Drilling of kimberlite pipe targets and extension of diamond bearding dikes
- Q3 2018 – Diamond recovery from drill program
- Q4 2018 – Diamond recovery from drill program, sample collection, priority till processing and target generation
Jeff Ward, P.Geo, and VP Exploration of the Company is a “Qualified Person” as defined under NI 43-101 has reviewed and approved the technical content of this web page.