Kahuna Diamond Project
Dunnedin is advancing its 100% owned, Kahuna Diamond Project in Nunavut, Canada 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.
At Kahuna, Dunnedin holds mineral tenure to 805 km2 and additional diamond rights covering an adjacent 928 km2. The project is located 26 kilometers northeast of Rankin Inlet and adjacent to 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.
Kahuna Project Highlights
- Advanced stage diamond exploration project in Nunavut, Canada
- Large land holding, mineral tenure to 805 km2 and additional diamond rights covering an adjacent 928 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 commenced in 2018, further drill targets to be tested in follow-up programs
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.