13 Dec 2018

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

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

 

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

Highlights include:

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

 

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

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

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

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

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

 

Kimberlite Dike Extensions

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

 

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

 

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

 

SRK Kimberlite Dike Study

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

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

 

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

 

Webinar

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

Readytalk Platform (access at the time of event):

*   http://www.readytalk.com/join

*   Access code: 5147677

Dial-In Numbers:

*   Canada: +1-647-722-6839

*   United States: +1-303-248-0285

*   Access Code: 5147677

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

 

Technical Data – QA/QC

Diamond results reported herein are from RAB holes drilled during the summer of 2018. RAB samples were shipped to the CF Mineral Research Ltd. (“CFM”) laboratory in Kelowna, BC for processing and caustic fusion analysis. The material was treated through an autogenous mill-fusion circuit with a lower size cut-off of 0.106 mm. Unlike other microdiamond recovery methods, the circuit can recover nearly all diamonds present in a kimberlite to a predetermined cut-off size, along with associated indicator minerals. Quality assurance protocols include industry standard chain of custody and security procedures during sampling and transport. CFM operates using reference standards, internal quality assurance protocols, security and operating procedures for processing, recovery and reporting of diamond results. The CFM laboratory is accredited and audited for international quality standards through the International Organization for Standardization/International Electrotechnical Commission (ISO/IEC) 17025:2005, which includes ISO 9001:2015 specifications.

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

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

 

On behalf of the Board of Directors

Dunnedin Ventures Inc.

 

Chris Taylor                                      Claudia Tornquist

Chief Executive Officer                      President

 

About Dunnedin Ventures Inc.

Dunnedin Ventures Inc. (TSX-V: DVI) is focused on its 100% owned, advanced-stage Kahuna Diamond Project in Nunavut which hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets.  The Company holds diamond interests in 1,664 km2 of mineral tenure located 26 kilometres northeast of Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine.  The Kahuna Diamond Project has an Inferred Resource Estimate of 3,987,000 tonnes at an average grade of 1.01 carats per tonne, totalling over 4 million carats of diamonds (+0.85 mm) (see news release dated March 31, 2015). Dunnedin’s drilling is aimed at the discovery of diamondiferous kimberlite pipes, and the Company is working with advisor and largest shareholder Dr. Chuck Fipke to define and prioritize drill targets based on an extensive historic data set, and diamonds and indicator minerals recovered from a series of kimberlite and till samples over four seasons of field work.  Dunnedin also holds a 100% interest in the Trapper Porphyry Project in the northern “Golden Triangle” region of British Columbia, and the MPD Project in south-central British Columbia near Princeton. The Trapper and MPD Projects are interpreted to overlie  gold-rich copper porphyry systems having surface geochemical, geophysical and regional alteration signatures of considerable size. Based in Vancouver, Dunnedin is backed by a world-renowned team of exploration experts with decades of combined exploration experience and significant capital market strength.

 

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

 

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

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03 Dec 2018

Dunnedin Webinar – Rescheduled for Monday, Dec. 3

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

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

Webinar

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

Readytalk Platform (access at the time of event):

Dial-In Numbers:

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

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

We apologize for any inconvenience.

Regards,

Dunnedin Investor Relations

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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 Oct 2018
04 Oct 2018

Dunnedin Recovers Diamonds from KD900 Kimberlite Pipe; Completes Fall Sampling Program

Dunnedin to Host a Webinar on Thursday October 11th @ 11:00am PST/2:00pm EST

 

October 4, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced new diamond results from the kimberlite pipe KD900 and the completion of summer/fall field work at its 100% owned Kahuna Diamond Project in Nunavut, Canada. As noted in its July 19, 2018 news release, the Company has drill-tested two historic kimberlite pipes (KD900 and KD230) and in addition, discovered a new pipe (KH10-11). All three kimberlites were tested using rotary air-blast (“RAB”) drilling during the summer and approximately one tonne of representative material was sent to CF Mineral Research Ltd. (“CFM”) in Kelowna, British Columbia for analysis. Further diamond results on KH10-11 and KD230 will be reported as received, with the next tranche of results expected later this fall. Any significantly diamondiferous kimberlite will require further drill-testing and possibly mini-bulk sampling to determine kimberlite geometry, diamond grade and size frequency distribution.

 

Highlights include:

  • Initial results from 133.32 kilograms of KD900 include 18 diamonds larger than the 0.106 mm sieve size. Diamond recovery results are presented in Table 1.
  • Indicator minerals from KD900 confirm that while this pipe is diamondiferous, it is not the sole source of high-quality diamond indicator mineral (“DIM”) chemistry present in the Josephine Target Area (“JTA”).
  • DIM chemistry and indicator dispersion in the JTA suggest undiscovered kimberlites with the potential to host larger diamonds occur near KD900 and up-ice.

 

Claudia Tornquist, President of Dunnedin, said, “We are pleased to be able to confirm the historic diamond content of KD900, and further work on this pipe is warranted. Importantly, these initial results from KD900 will now allow us to compare indicator minerals from a known diamond source in the Josephine Target Area to the abundant high-quality diamond indicator minerals present in till in this area. Our work suggests that these indicator minerals are sourced from further yet-to-be discovered kimberlites and the results from KD900, together with the till samples collected this fall will help us define source areas and prioritize the many targets at Josephine for our next drill program in early 2019.”

 

Table 1: Caustic fusion results for kimberlitic material recovered from KD900

KD900 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

*Total

Stones

133.32 6 6 5 1 18

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

 

Historic kimberlite KD900 was tested in order to confirm the diamond content and evaluate indicator minerals from source rocks in the JTA. Hole 18-RAB-019 was drilled vertically to 118.87 metres depth, where it stayed continuously in kimberlite below 13.72 metres overburden to a depth of 114.29 metres. Diamond results reported herein from KD900 represent a 7.62 metre sample of kimberlite intersected between 105.15 and 112.77 metres. The sample tested a distinct phase of KD900 having garnets and possible mantle xenoliths. Details of the drilling at KD900 and a map are in the Company news release dated July 19, 2018.

The Company notes that the newly discovered kimberlite pipe KD10-11 also contains garnets and possible mantle xenoliths in approximately 100 metres of continuous kimberlite drilled.  Results are expected from this kimberlite pipe in a matter of weeks.

 

Ongoing Exploration at Kahuna

The Company has identified a 45 square kilometre area called the Josephine Target Area, or JTA. The JTA is a discreet area of abundant high-quality DIMs that are interpreted to be sourced from multiple undiscovered kimberlites.  As part of 2018 diamond exploration at Kahuna, the Company completed a till sampling campaign during the month of September across the JTA. The purpose of this program was to in-fill indicator mineral results to date, in order to prioritize a number of potential kimberlite pipe targets for follow-up drilling.  Approximately 1,200 till samples were collected, focusing on pipe-like geophysical signatures and defining source areas of abundant, high quality DIMs. Approximately one hundred samples essential to future drill targeting in the JTA were prioritised and airlifted to the laboratory for immediate processing.  In addition, portions of kimberlites drilled in 2018 are also being processed for indicator mineral content in order to supplement the priority till sampling done this fall. All till samples are being shipped to CF Mineral Research Ltd for processing and analysis.

 

Webinar

Dunnedin will host a webinar to discuss the Company’s recent results and future exploration plans. The webinar will take place on Thursday, October 11th 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

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

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.

 

On behalf of the Board of Directors

Dunnedin Ventures Inc.

 

Chris Taylor                                      Claudia Tornquist

Chief Executive Officer                      President

 

About the Kahuna Diamond Project

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.  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 largest 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.  Based in Vancouver, Dunnedin is backed by a world-renowned team of diamond experts with decades of combined experience in Arctic exploration 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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14 Aug 2018

Dunnedin Closes Private Placement, Prepares for Fall Sampling Program

August 14, 2018 – 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 shares (each, a “FT Share“) for gross proceeds of $1,802,500 (the “Offering”).

The Company has issued 5,080,000 NFT Units at a price of $0.20 per share and 3,419,565 FT Shares at a price of $0.23 per share through the Offering. Each NFT 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 $0.28 for a period of twenty-four months.  The common share purchase warrants issued as part of the NFT Units are subject to accelerated expiry in the event the common shares of the Company trade on the TSX Venture Exchange at a volume weighted average price (VWAP) of $0.45 or more for twenty consecutive trading days.

Claudia Tornquist, President of Dunnedin, said, “To date in 2018 we have successfully extended two of our diamond-bearing kimberlite dikes, discovered a new kimberlite pipe and proven the effectiveness of our methods for locating new kimberlites by analysing at-surface diamond indicator minerals. We are currently awaiting the diamond recovery results from the kimberlite pipes drilled during our recent summer program, which are expected throughout the fall. In the meantime we are preparing to conduct additional field work to inform our next drill program in winter and, working with our advisor and largest shareholder Dr. Chuck Fipke, we continue to prioritize numerous additional kimberlite targets.”

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

In connection with the closing of the placement the Company paid finders’ fees of $80,490 and issued 367,761 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 December 15, 2018.

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 the Kahuna Project

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 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 largest 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.  Based in Vancouver, Dunnedin is backed by a world-renowned team of diamond experts with decades of combined experience in Arctic exploration 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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19 Jul 2018

New Kimberlite Pipe Discovery at Dunnedin’s Kahuna Project

July 19, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” of “Dunnedin”) (TSX-V: DVI) today provided an update on rotary air-blast (‘RAB’) drilling at its 100% owned Kahuna Diamond Project in Nunavut. The Company reports it has discovered a new kimberlite pipe (KH10-11) and drill-tested two additional historic pipes. Diamond recovery tests will begin shortly, and first results are expected in 8-10 weeks.

Highlights include:

  • New KH10-11 kimberlite pipe discovery, and two historic pipes (KD900 and KD230) re-drilled to review diamond content and potentially expand diamond-bearing phases
  • New KH10-11 pipe was drilled to 112 metres and KD900 drilled to 114 metres vertically. The newly discovered pipe KH10-11 remains open at depth
  • Indicator minerals were observed in kimberlitic material recovered from two of the three pipes (KH10-11 and KD900), including garnet, picroilemite, and olivine – similar to significantly diamond bearing kimberlite drilled on the property to-date. Most were observed in the newly discovered KH10-11 pipe
  • More than three tonnes of kimberlitic material was collected from these three pipes and is available for diamond analysis
  • Approximately one tonne of representative kimberlitic material from all three pipes was shipped and prioritised for diamond recovery at CF Mineral Research Ltd. (‘CFM’) in Kelowna, British Columbia

Chris Taylor, CEO of Dunnedin commented, “We are excited to have tested three kimberlite pipes, one of which represents a new discovery and has over 100 metres of continuous kimberlite from surface.  We plan to return as soon as possible to determine the size and potential of not only these pipes, but also several additional nearby lookalike targets.  The Company has expedited select material from each pipe for diamond recovery. Numerous pipe and dike targets remain untested and these will be drilled as soon as practical, and with new diamond results in-hand to guide us.”

 

2018 Summer Program Summary

The 2018 summer RAB drilling program was designed to specifically test kimberlite pipe targets in areas with diamond indicator minerals (“DIMs”) in till.  Progress includes:

  • 17 targets were successfully drill tested, three of which were kimberlite pipes (see Figure 1)
  • A total of 1,081 metres of RAB drilling was completed in 20 holes
  • A total of 254.5 metres of kimberlite was intersected, yielding approximately 3.5 tonnes (see Table 1).

 

800 kilograms of glacial till were also collected from the drill holes near the bedrock interface at each drill site. Selected samples of this sub-surface material will be processed for DIMs to enhance existing till results and to assist with prioritising further kimberlite targets.

 

Table 1: Kimberlite Intercepts from Dunnedin’s Summer 2018 Drilling

Drill Hole Kimberlite Name Azimuth Dip From (m) To

(m)

Interval (m) Description of rock chips
18-RAB-18 KD900 0 90 3.05 10.67 7.62 Kimberlite, hole re-collared
18-RAB-19 KD900 0 90 13.72 114.29 100.57 Kimberlite, 9 metres mixed kimberlite and gneiss
18-RAB-21 KD230 120 60 42.67 80.77 38.10 Kimberlite
18-RAB-31 KH10-11 0 90 10.67 15.24 4.57 Kimberlite, hole re-collared
18-RAB-32 KH10-11 0 90 9.14 112.77 103.63 Kimberlite

 

The Company notes that numerous priority targets remain that are associated with high-rank DIMs.  Many of these are situated under shallow lakes or deeper glacial sediment and are not amenable to RAB drilling.  These will be tested with core drilling as soon as practical when field conditions permit.

 

New KH10-11 Kimberlite Pipe

Drill holes 18-RAB-31 and 18-RAB-32 intersected kimberlite within metres of surface.  Hole 18-RAB-31 was abandoned due to drilling conditions and hole 18-RAB-32 resumed a few metres away. Kimberlite was encountered below 10 metres of overburden and extended to 112 metres vertical depth, where the hole was terminated in kimberlite.

KH10-11 is initially described as a green-blue to brown, olivine-phlogopite macrocrystic kimberlite having crustal xenoliths and kimberlite indicator minerals. Olivine, picroilmenite, rare chromite and peridotitic garnets exhibiting kelyphitic rims were observed in RAB chips, with serpentine alteration and carbonate common. A mantle derived xenolith was also noted.  This combination of features is generally associated with diamond-bearing kimberlite at the Kahuna project.

The KH10-11 kimberlite is characterised by a circular 60 metre by 110 metre moderately high magnetic geophysical response.  The drill hole was collared in the centre of this response and similar target analogues occur nearby.  Over 1.5 tonnes of kimberlitic material was collected from KH10-11, of which approximately 500 kilograms has been sent for expedited diamond processing.

 

Figure 1: 2018 Drilled Kimberlite Pipes

Additional Pipes Tested

Two additional historic kimberlite pipes were also drilled during the program, one of which is known to be diamond-bearing. These pipes were tested in order to further assess and/or expand upon diamond bearing phases, gain additional information about kimberlite pipe emplacement, and their relationship to DIMs in the northern project area.

Drill holes 18-RAB-18 and 18-RAB-19 intersected 108.19 metres of kimberlite at historically drilled pipe KD900.  Previously, this pipe yielded diamonds as reported in Table 2 below (Stornoway Diamond Corp., “Stornoway”, TSX-V: SWY, August 29, 2005):

 

Table 2: Historic KD900 diamond results from Stornoway.

Drill Hole Number Sample Weight (kg) 0.106mm
Sieve
0.15mm
Sieve
0.212mm
Sieve
0.3mm
Sieve
0.425mm
Sieve
0.6 mm
Sieve
05KD900-01 128.3 1 4 4 2 0 1

 

The largest stones measured 0.84×0.74×0.64mm (clear colourless aggregate); 0.50×0.36×0.32mm (clear colourless aggregate), 0.42×0.36×0.30mm (clear, colourless octahedron).

At the time, Stornoway reported: “Kimberlite KD900 is of particular interest. It hosts the first macrodiamond recovered from the Churchill property and is situated within the Josephine River corridor, an area that hosts favorable G10 mineral chemistry… Through visual observation of the drill core different phases are evident including an altered kimberlite breccia hosting limestone fragments and hypabyssal kimberlite.”

Stornoway characterized KD900 as an 80 metre by 200 metre, subtle magnetic low with several similar signatures nearby.  A review of historical data suggests that the pipe contains multiple phases of kimberlite, and that most diamonds recovered from KD900 originate from a distinct 5 metre phase of kimberlite that Dunnedin has now expanded to 10 metres.  Dunnedin’s geologists noted a distinct kimberlite phase having garnets and a possible mantle xenolith in the final ten metres of 18-RAB-19.  This prospective phase been sent for expedited diamond processing.

Mr. Taylor commented, “Confirmation of the historical diamond-bearing interval at the KD900 pipe is important because it could represent a significant volume of diamond-bearing kimberlite.  Many kimberlites have multiple magma phases, some of which are more diamond-rich than others.  With encouraging diamond results, future work will be required to determine the size, geometry and diamond content of prospective phases in KD900 and other pipe-like targets close by.”

A third historic pipe, KD230 was also drilled to test for different kimberlite phases.  KD230 is located 800 metres southeast from KD900. Angled hole 18-RAB-21 cut the width of this pipe, returning 38.10 metres of kimberlite.  No significant indicator minerals or different kimberlite phases were noted during Dunnedin’s RAB logging.  Portions of the kimberlite will be processed to determine its diamond potential and to characterize its indicator mineral content.  In particular, these results will be useful to distinguish between lower and higher diamond potential targets during future exploration.

In addition to testing for diamond content, DIM content will also be analyzed from all three kimberlites in order to use mineral signatures to map out down-ice till dispersions.  This will help the Company vector-in on additional potential diamond-bearing of sources of abundant, high quality DIMs, particularly in overlapping mineral dispersion trains.

Diamond recovery results will continue to be reported by the Company as they become available.  Kimberlites that prove to be significantly diamondiferous will be further drill-tested 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 kimberlite.

 

QA/QC

RAB samples were shipped to the CF Mineral Research Ltd. (“CFM”) laboratory in Kelowna, BC for processing and caustic fusion analysis. Dunnedin’s QA/QC protocols include industry standard chain of custody and security procedures during sampling and transport. In addition, laboratory results, concentrates, rejects and any other relevant material are subject to audit.  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.  Dunnedin has not confirmed historic diamond results reported herein, however exploration was carried out by what is believed to be knowledgeable explorers in accordance with acceptable industry practices at the time.

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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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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25 Jun 2018

Dunnedin Featured on CEO Clips on CBC’s Documentary Channel

June 25, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company”) (TSX-V: DVI) today announces that BTV’s CEO Clips, a series of short video profiles on innovative publicly traded companies across North America, will feature Dunnedin  on CBC’s Documentary Channel beginning June 25, Monday through Friday, throughout the day and evenings. View link: http://www.b-tv.com/dunnedin-ventures-ceo-clip-90sec/ .

Further online distribution through BTV’s CEO Clips include:  BNN.ca, Thomson Reuters Insider Network Terminals, Yahoo Finance, TSX, Globe Investor, Stockwatch, Bloomberg, Stockhouse.com and BTV’s YouTube channel.

About CBC’s Documentary Channel and BTV:

CBC’s Doc Channel is a digital television station devoted to showing the best documentaries from Canada and around the world.

BTV-Business Television and CEO Clips produce and house the largest library of company video features and campaigns for publicly traded companies for broadcast on TV and financial sites.  Contact info@b-tv.com

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-renown 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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