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.

Share this
04 Mar 2019

Dunnedin Bolsters Copper Porphyry Assets with Acquisition of 100% Interest in Mohave Copper-Molybdenum-Silver Project in Arizona

March 4, 2019 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced it has entered into a letter of intent to acquire 100% of the Mohave copper-molybdenum-silver porphyry project (“Mohave”) in Yavapai County, Arizona, USA, from Bluestone Resources Inc. The Mohave acquisition represents a strong addition to Dunnedin’s copper portfolio in North America which also includes Dunnedin’s 100%-owned Trapper and MPD copper porphyry projects in British Columbia, Canada.

Mohave has the potential to host a large-scale copper porphyry deposit with silver and molybdenum credits. Its geology is considered analogous to Freeport McMoran’s (NYSE: FCX) Bagdad copper porphyry mine which is located approximately 33 km to the east of Mohave.

“Mohave enhances Dunnedin’s copper portfolio with a US-based asset located in a prolific copper mining district,” said Claudia Tornquist, President of Dunnedin. “Investor sentiment in the United States favours domestic resource production, thus developing a copper project at Mohave is anticipated to have strong appeal.  Mohave is an underexplored property with nearby producing mines and excellent infrastructure.  Previous drilling has confirmed porphyry style copper-molybdenum-silver mineralization.  Significant copper-in-soil targets have been historically defined and remain untested.  With three copper assets in British Columbia and Arizona, Dunnedin will now be able to drill year-round. Our first drill program will be at our MPD Project in Southern British Columbia in early 2019 and we are starting preparatory work immediately for a drill program at Mohave later in in the year.”

 

Mohave Project Highlights

  • Copper porphyry project located in the prolific mineral producing Basin and Range Province of Arizona
  • 4 km2 land package, road-accessible and adjacent to Highway 93 which links Las Vegas and Phoenix
  • Geologically and structurally analogous to the Bagdad mine and typified by structures associated with the Lariamide extensional event, like those preferentially mineralized at Bagdad
  • Magnetics define a sizable ring or donut-type feature characteristic of copper porphyry deposits
  • Extensive rock and soil mineralization over a large area of the project with a coincident Induced Polarization (IP) geophysical anomaly (2.5 km x 2.5 km)
  • Circular Cu-Mo-Ag soil geochemical and geophysical anomalies are not fully tested by drilling
  • Geological, geochemical and geophysical surveys indicate that Mohave is part of an extensive sulphide-bearing hydrothermal system
  • Mineralization at Mohave is dominated by potassic alteration having multiple and complex Cu-Mo-Ag events with younger Mo-Ag and Pb-Zn-Ag overprints
  • Two small scale historic mines operated on the Mohave property in the 1950’s and 1960’s: the Wikieup Queen copper oxide mine and the Scott Fault molybdenum-lead-silver mine

 

In the late 1960’s and early 1970’s explorers identified Cu-Mo-Ag porphyry mineralization in several shallow churn holes to depths ranging from 30.5 m to 152.4 m. In 2011, eleven wide-spaced core holes totaling 3,500 m were drilled. Highlights of historical drill results at Mohave are shown in Figure 1 below and include:

  • 4 m grading 0.49% Cu
  • 8 m grading 0.2% Cu, 0.011% Mo, and 2.35 g/mt Ag
  • 7 m grading 0.3% Cu, 0.01% Mo, and 2.54 g/mt Ag
  • A surface trench returned 50.3 m grading 0.24% Cu and 0.076% Mo

 

Figure 1: Mohave Copper-Molybdenum-Silver Porphyry Property

 

Transaction Details

Dunnedin has entered into a non-binding letter of intent to acquire a 100% interest in Mohave subject to the execution of a definitive agreement and other customary conditions including the approval of the TSX-Venture Exchange. The consideration for Mohave consists of:

  • C$50,000 in cash and C$100,000 in Dunnedin shares (“Shares”) upon closing of the Transaction;
  • 500,000 Shares upon the public disclosure of a 43-101 compliant resource for the Project;
  • 500,000 Shares upon the public disclosure of a preliminary economic analysis for the Project;
  • 500,000 Shares upon the public disclosure of a pre-feasibility or more advanced study for the Project; and
  • A 0.5% net smelter returns royalty on the Mohave Claims and on a 2 km area of interest around the Mohave Claims.

 

Including the royalty newly granted in this transaction Mohave is subject to a 3.5% net smelter return royalty of which 1% can be bought back for US$1,500,000.

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

Dunnedin has also granted an aggregate of 1,700,000 stock options to management, directors and consultants of the Company, exercisable at C$0.075 per share for a period of five years.

 

Disclaimer

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

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 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. 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.

 

Share this
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.

 

Share this
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.

Share this
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

Share this
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.

Share this
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.

Share this
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.

 

Share this
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.

Share this

© 2017 Dunnedin Ventures Inc.. All rights reserved.

Click Me