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Dunnedin announces july mobilization and expands scope of project

June 29, 2015 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to report it will mobilize to Rankin Inlet, Nunavut, to begin field investigations and community consultations for the Kahuna diamond project in mid-July.

The Company also reports that ongoing re-analysis of historic results has identified many new targets including potential kimberlite dikes, dike blows and pipes that will be investigated this summer. Dunnedin would like to thank Dr. Charles (Chuck) Fipke and the team at CF Mineral Research Ltd. in Kelowna, B.C. for their interpretation of historical microprobe data from diamond indicator minerals (DIMs). Geological and geophysical interpretations were completed in house by Dunnedin.

Positive Determination From Nunavut Impact Review Board On Dunnedin’s Kahuna Project

March 2, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to report that the Nunavut Impact Review Board (NIRB) has recommended acceptance of the Company’s proposed drilling and bulk sampling program at the Kahuna project, Nunavut, to the Honourable Carolyn Bennett, the Minister of Indigenous and Northern Affairs Canada.  The proposed work will allow for drilling of a number of high priority kimberlite pipe and dike targets, as well as sufficient bulk sampling to assemble an approximately 1000 carat diamond valuation parcel.

In a Screening Decision Report dated February 28, 2017, the NIRB stated that Dunnedin’s project proposal “…is not likely to cause significant public concerns, and it is unlikely to result in significant adverse environmental and social impacts.  The NIRB, therefore, recommends that the responsible Minister(s) accepts this Screening Decision Report.”  Details of the Screening Report can be found at www.nirb.ca.

Details of program mobilization dates, specific targets to be tested, and the record dates for a proposed spinout will be announced over the near term.  The Company is anticipating analytical results from samples collected in 2016 which will help guide exploration priorities.

“I would like to take this opportunity to thank members of the communities of Chesterfield Inlet and Rankin Inlet for their feedback and guidance of our upcoming work, and for their letters of support for the project,” said Chris Taylor, Dunnedin’s CEO. “We will ensure local consultation continues as we progress the Kahuna project and look forward to a strong cooperative relationship with both communities on an ongoing basis.”

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

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

 

On behalf of the Board of Directors

Dunnedin Ventures Inc.

 

Chris Taylor,

Chief Executive Officer

 

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.  Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected  during two seasons of field work.  An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was 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.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm), a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm), and a 144 kilogram sample of the Kahuna kimberlite that returned 13 macrodiamonds totalling 0.33 carats (+0.85 mm).  The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasedimentary units including a recently defined greenstone belt with over 40 kilometres of strike length that is associated with elevated gold-in-till results.

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

Strong Gold Results and New Targets At Dunnedin’s Trapper Project

March 27, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced results from exploration undertaken in October of 2016 designed to find additional gold zones at its 100% owned Trapper property.  Trapper is a copper-gold porphyry project in northern British Columbia with results that include high grade visible gold flanking copper-mineralized porphyry in drill core, and gold drilled across 2.2 kilometres.  Highlights of the current survey include:

 

  • 62 heavy mineral concentrate samples collected across 40 km2 of the project returned an average of 2.31 g/t (2,310 ppb) gold, with a range of 0 to 32.1 g/t (32,100 ppb) gold
  • High gold values occur upslope from previously drilled gold zones, defining new gold targets or significant step-outs to known zones

 

“We’ve now identified two main areas of gold mineralization at Trapper,” said Chris Taylor, Dunnedin’s President and CEO. “The first contains high gold values across more than three kilometres, with most samples originating upslope from past drilling and containing gold that must originate from new, untested targets.  This area generated strong gold values where drilled, and these new results suggest significant expansion potential.  A second area has also now been identified with consistently high gold values across two kilometres.  A drill hole completed within 500 metres of this target hit sulphide-rich porphyry style alteration, and the area was identified at that time as a priority for follow-up exploration.”

 

Table 1: Gold results from neutron activation testing of heavy mineral concentrates

Sample Gold (ppb) Sample Gold (ppb) Sample Gold (ppb) Sample Gold (ppb)
KB001 715 KB016 < 5 KB031 1420 KB048 6410
KB002 1110 KB017 < 5 KB032 6080 KB049 11700
KB003 1000 KB018 104 KB033 6100 KB050 1500
KB004 6670 KB019 137 KB034 174 KB051 3080
KB005 < 5 KB020 792 KB035 676 KB052 689
KB006 9580 KB021 181 KB036 446 KB053 2140
KB007 179 KB022 < 5 KB037 6670 KB054 32100
KB008 12000 KB023 74 KB038 3940 KB055 705
KB009 538 KB024 583 KB039 < 5 KB056 302
KB010 144 KB025 747 KB040 721 KB057 7970
KB011 1850 KB026 238 KB041 92 KB058 170
KB012 < 5 KB027 109 KB042 < 5 KB059 378
KB013 109 KB028 111 KB045 < 5 KB060 < 5
KB014 225 KB029 279 KB046 1780 KB061 6690
KB015 237 KB030 1980 KB047 46 KB062 107
Figure 1: Terrain map showing gold results, past drilling and primary target areas

Table 2: Highlighted gold results from drill collar locations provided in Figure 1.


Drill Hole
From 

(m)

To 

(m)

Width* (m) Au (g/t)
TG-11-001 37.50 38.52 1.02 2.04
TG-11-004 105.41 117.00 11.59 1.18
TG-11-005 36.15 38.08 1.93 4.23
TG-11-006 27.74 37.86 10.12 1.09
TG-11-011 106.89 141.00 34.11 1.71
including 106.89 107.30 0.41 92.80
including 114.65 118.04 3.39 3.90
TG-11-013 250.03 255.03 5.00 1.39
TG-11-014 196.35 206.35 10.00 1.08
TG-11-018 88.00 93.00 5.00 1.78
TG-11-020 5.00 7.50 2.50 4.13
TG-11-038 122.50 137.50 15.00 1.68
including 132.50 136.73 4.23 5.08
and including 136.11 136.73 0.62 21.80
TG-11-039 67.50 97.50 30.00 1.01
including 70.00 72.50 2.50 2.19
including 77.50 80.00 2.50 2.98
including 82.66 85.00 2.34 2.64
TG-11-040 132.50 160.00 27.50 1.19
137.50 140.00 2.50 11.15

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

 

Two styles of mineralization have been drilled and mapped at Trapper.  The first is gold-rich semi-massive sulphide stockwork that was the focus of drilling in 2011.  This type of intermediate-sulphidation precious and base metal stockwork mineralization has been reported at many major porphyry deposits worldwide, typically overlying or flanking the primary copper porphyry centres.  Intervals at Trapper include 34.11 m of 1.71 g/t gold, including 0.41 m of 92.80 g/t gold, and 27.50 m of 1.19 g/t gold, including 2.50 m of 11.15 g/t gold.

 

The second style of mineralization is copper-mineralized alkalic porphyry.  Samples returning up to 0.57% copper in bedrock and 2.5% copper in float have been collected at Trapper including both bornite-chalcopyrite copper sulphide mineralization, and azurite-malachite copper oxide mineralization.  These targets have not yet been directly targeted by drilling at Trapper, although copper-mineralized porphyry diking has been intersected in drill core, along with high-energy porphyry style hydrothermal breccias and porphyry style alteration.

 

The Company will next asses the gold grain content and mineralogy of the heavy mineral concentrates to characterize proximity to gold sources, and to map porphyry alteration and base metal zonation across the project.  This will allow sample areas to be prioritized for follow-up exploration.  Results will be released as work is completed.

 

During the 2016 program, gravel, sand and silt were collected from stream and talus sources across the project, and sieved to -20 mesh to produce a 10 kilogram concentrate from each sample site.  Samples were further processed using various density and magnetic separation techniques at CF Mineral Research Ltd. of Kelowna, British Columbia, to produce heavy mineral concentrates.  Each concentrate was partitioned into a sample sent for neutron activation assaying of gold content at Activation Laboratories Ltd. (“ActLabs”) of Ancaster, Ontario, from which the results in this release are provided, and a sample kept by the Company for further gold grain and mineral analysis.

 

The Company has also granted an aggregate of 325,000 stock options to consultants of the Company, exercisable at $0.37 per share for a period of five years.

 

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

 

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

 

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

 

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.

Dunnedin Earns 100 Percent of Kahuna Project And Progresses Spin-Out

May 1, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today reported it has entered into a Letter Agreement (the “Agreement”) whereby it will accelerate its Option Agreement (the “Option”) payments and receive a 100% undivided interest in the Kahuna project, Nunavut.

 

Under the terms of the Agreement, Dunnedin will earn a 100% interest in the Kahuna project and in return pay the Kahuna project vendors Gary R. Thompson and Sorin Posescu (the “Vendors”) the remaining cash and shares required under the underlying Option.  The Company will pay $350,000 and issue 4,400,000 common shares of the Company as follows:

 

  • $100,000 upon signing

 

  • 4,400,000 common shares upon signing, and

 

  • $250,000 upon completion of its next financing

 

Having signed the Agreement Dunnedin will now proceed with its intention to spin out its 100% owned Trapper gold-copper property located in the Sutlahine area of Northern British Columbia, along with rights to gold mineralization at its Kahuna diamond project, located in Nunavut.  The project and rights will be spun out into a wholly-owned subsidiary (“SpinCo”), pursuant to a Plan of Arrangement (the “Arrangement”), under the Business Corporations Act (British Columbia).  The Arrangement will also include an agreed upon working capital amount to facilitate exploration activities at these projects.  The date of record for the Arrangement will be announced imminently.

The Plan of Arrangement is subject to TSX Venture Exchange, regulatory and court approval, and the approval of the Company’s shareholders at an annual general and special meeting to be held as soon as is practical.  Pursuant to the arrangement, the common shares of SpinCo will be distributed to shareholders of the Company on a pro rata basis.  The Company intends to apply for a listing of the shares of SpinCo on the TSX Venture Exchange.  Any such listing will be subject to SpinCo fulfilling all of the requirements of the TSX Venture Exchange.  There will be no change in shareholders’ holdings in Dunnedin as a result of the Arrangement.

The Kahuna project Vendors will retain Gross Overriding royalties on diamonds and Net Smelter Royalties on gold and other metals as per the underlying Option.

 

Exploration Update

 

The Company has received and is reviewing final diamond recovery results from its sampling of the PST kimberlite, which will be released upon completion of the QAQC review as soon as possible.  Diamond indicator mineral results are also expected during May from the first prioritized till samples collected in 2016 across the Kahuna project.  Further diamond indicator mineral results and gold results from till sampling will follow.

 

Results will guide the upcoming summer exploration program, which will include in-field follow-up on high priority diamond indicator mineral sources, drilling of these targets, sample site preparation in advance of bulk sampling of diamondiferous kimberlites, and follow-up on recently identified gold mineralization in bedrock and tills in advance of drilling.

 

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

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

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

 

Chris Taylor

Chief Executive Officer

 

About the Kahuna Project

 

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.  Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in from two seasons of field work.  An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was 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.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).  The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasediment units.

 

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.

Dunnedin Announces Gold Exploration Plans and Spinout Record Date

Dunnedin Announces Gold Exploration Plans and Spinout Record Date

 

May 11, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today reported that the date of record for a Plan of Arrangement to spin out rights to gold mineralization at its Kahuna project, Nunavut, will be June 30, 2017.

 

The Company also announces its exploration plans to define drill targets across its Kannuqa gold belt, an approximately 300 square kilometre folded greenstone belt that has sourced widespread gold-in-tills, gold-in-bedrock, and gold in drill core, and is surrounded by Agnico Eagle Mines Ltd.’s (TSE: AEM; “Agnico”) Meliadine project to the north, west and south.

Figure 1: Exploration blocks at the Kannuqa belt, one of four gold belts at Kahuna.  Adjacent gold projects shown in inset; Agnico’s Meliadine project and NxGold Ltd.’s (TSX-V: NXN) Kuulu project.

The Kannuqa belt is one of four gold-bearing metasediment belts have been explored at Kahuna.  Details of the other gold belts will be made available as results of last summer’s exploration are received. The Kannuqa belt covers approximately 300 km2 (30,000 Ha), and has been divided for exploration purposes into 11 blocks averaging 25 square kilometres each.  All blocks contain gold occurrences as follows.

 

Table 1: Kannuqa Gold Belt sample results combined from historic data and Dunnedin’s 2015 till survey.

Block  

Approx.

Area

(km2)

Number of Till Samples Total Gold Grains Avg. Grains Per Sample Total Pristine Grains Bedrock 

Has Been Sampled for Gold

Has Been Drilled for Gold
1 22 10 61 6 6 Yes Yes
2 25 8 70 9 7 Yes Yes
3 33 12 97 8 9 No No
4 33 9 136 15 12 No No
5 21 11 348 32 59 No No
6 20 4 96 24 17 No No
7 15 2 29 15 4 No No
8 25 13 296 23 56 No No
9 30 22 522 24 68 No No
10 25 12 179 15 19 No No
11 20 2 50 25 6 No No
TOTAL 269 105 1884 18 263

 

“We’ve identified more than 50 areas with concentrated gold-in-tills that include pristine, locally derived gold grains.  These were deposited down-ice from nearby bedrock sources that appear to lie within the Kannuqa gold belt,” said Chris Taylor, CEO of Dunnedin. “While gold is widespread in tills throughout the belt, it is concentrated near bedrock fold hinges in a pattern similar to that published at Meliadine.  As the Kannuqa belt begins less than 15 kilometres from the Meliadine mine site, it is a near-term priority for Dunnedin’s exploration efforts and has excellent potential to host new gold discoveries.”

 

Dunnedin confirmed historical gold-in-till results through recovery of proximally-sourced gold grains from Block 1 as disclosed on October 17, 2016.  Dunnedin expects to soon receive gold results from till samples collected across the Kahuna project in 2016.  These will include new results from the Kannuqa gold belt, which will direct upcoming exploration.

 

Field crews are expected to mobilize in early June 2017, when ground conditions allow.  The Company will expand its gold-in-till sampling grid across each of the 11 defined exploration blocks, including higher density sampling around high historical grain counts, and will undertake a geological prospecting and mapping program that will define drill targets at each block.  Drilling will be planned and implemented based on results received from this work.

 

As previously disclosed, a property-wide diamond exploration program will be concurrently undertaken, including drill testing of a number of high priority diamond indicator mineral sources, and collection of diamondiferous kimberlite bulk samples for diamond valuation purposes.  All till sampling conducted across the property will be screened for both indicator mineral and gold content, as Dunnedin has observed gold grains and kimberlite indicator minerals occur together in the majority of samples.

 

As disclosed on May 1 2017, Dunnedin has accelerated its 100 percent earn-in of the Kahuna project and is proceeding with its intention to spin out rights to gold mineralization at the Kahuna project.  The project and rights will be spun out into a wholly-owned subsidiary pursuant to a Plan of Arrangement under the Business Corporations Act (British Columbia).  The Arrangement will also include an agreed upon working capital amount to facilitate exploration activities at these projects.

Shareholders of record on June 30 2017 will be entitled to receive a distribution of shares in a new gold entity that will be listed on a Canadian stock exchange.  Additional details regarding the Arrangement will be provided as they become available.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

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

 

On behalf of the Board of Directors

Dunnedin Ventures Inc.

 

Chris Taylor

Chief Executive Officer

 

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.  Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in from two seasons of field work.  An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was 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.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

 

The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. Meliadine has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015.   There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

 

 

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.

New Kimberlite Pipe Targets with Diamond Potential Identified at Kahuna

June 5, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today reported the identification of new kimberlite pipe targets with down-ice till chemistry matching known diamond-bearing kimberlite dikes at the Kahuna project.  These are priority drill targets for 2017 that the Company believes have strong diamond potential.

Figure 1: Kimberlite pipe targets with diamond indicator minerals (“DIMs”) in down-ice tills. Individual targets shown in insets.  Magnetic total field geophysics shown.  Results are from 208 of 1,111 samples received to date.

The Company processed kimberlite from the highly diamondiferous Kahuna, PST and Notch kimberlite dikes and also from the KEM dike, a barren body, to compare the indicator mineral signatures of diamondiferous versus barren kimberlites.  All three of the Kahuna, PST and Notch had certain indicator mineral chemistries in common that were absent in the barren body.  These diamond-associated mineral chemistries have now been recovered from till samples down-ice from new kimberlite pipe targets in several areas.

“The Kahuna project covers one of the largest, mostly under tested kimberlite pipe fields in Canada,” said Chris Taylor, CEO of Dunnedin. “While we remain positive on the potential of our diamond-bearing kimberlite dikes such as Kahuna, Notch and PST, the opportunity to additionally benefit our shareholders through a new discovery drives us to also test the pipes.  With these new results in hand, we aim to make 2017 a year of discovery, diamond valuation and resource growth.”

Summary of Results

  • Results received for 208 of 1,111 (19%) till samples collected in summer 2016, with results from the remaining 903 samples expected to be received through June.
  • To-date, up to seven potentially diamond-bearing kimberlite pipe targets have been identified with associated DIM dispersions in down-ice tills. Targets will be ranked for follow up exploration and drilling once all results are received.  The total number of targets, and their relative strengths based on DIM content, will be provided at that time.
  • Field crews will be mobilized during June to begin field investigations of these and other targets across the Kahuna project, with drilling expected to being this summer.
  • The Kahuna project is notable for yielding DIM chemistry associated with large diamonds recovered at producing diamond mines, including Ekati, which has been validated by recovery of large diamonds (up to 13.42 carats) at Kahuna.
  • Certain chemistries of the DIMs clinopyroxene, chromite, garnet and picroilmenite are observed consistently within the diamond-bearing kimberlite dikes, and are also found down-ice from the newly identified targets.
  • The geophysical signature of historically drilled kimberlite pipes generally consists of negative in-phase electromagnetic responses and variously high and low magnetic responses that are distinctive from background geology. The newly identified kimberlite pipe targets are consistent with these signatures, but require drilling to verify.

 

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

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

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

 

Chris Taylor

Chief Executive Officer

 

About Till Sampling for Diamond Exploration

Glacial till sampling is used extensively in the Canadian Arctic as a primary exploration tool leading to most major diamond discoveries, the most famous example of which is Ekati, which was discovered by Dunnedin’s advisor Dr. Charles Fipke.

Heavy mineral recovery from tills retrieves kimberlite indicator minerals (‘KIMs’) that were eroded from kimberlites by glaciers and deposited “down-ice”. This creates a train of positive till samples that can be tracked back to their original source

Some KIMs have chemical signatures that indicate source within the diamond stability field in the lower continental crust.  These are referred to as Diamond Indicator Minerals, or DIMs.  Certain DIM chemistries are known to be characteristic of the occurrence of larger diamonds, based on data sets collected from producing diamond mines.  The Kahuna project’s diamond-bearing kimberlites contain these DIMs, and have also yielded large diamonds.

Dunnedin’s till sampling program utilizes the same sampling and mineral ranking techniques as applied at Ekati, which can predict the potential of kimberlites to host diamonds with a high degree of confidence. The ranking employs proprietary mineral chemistry filters developed at CF Mineral Research Ltd. (“CFM”) of Kelowna, British Columbia, under the direction of Dr. Fipke.

 

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.  Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in from two seasons of field work.  An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was 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.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. Meliadine has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015.   There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

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.

Dunnedin Ventures To Raise $4 Million Through Private Placement

June 20, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company“) (TSX-V: DVI) announces that it will conduct a non-brokered private placement of flow-through (each, a “FT Unit“) and non-flow through (each, a “NFT Unit“) units for gross proceeds of up to $4,000,000.

In order to accommodate the private placement, the date of record for a plan of arrangement to spin out rights to gold mineralization at the Company’s Kahuna project, Nunavut, will be amended from June 30, 2017 to July 17, 2017.  Shareholders of record on July 17, 2017 will be entitled to receive a distribution of shares in a new gold entity.  Additional details regarding the arrangement will be provided as they become available.

Each “FT Unit” will be offered at a price of $0.32 and will consist of one common share and one-half-of-one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.40 for a period of twenty-four months.  Each “NFT Unit” will be offered at a price of $0.25 and will consist of one common share and one-half-of-one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.35 for a period of twenty-four months.

The share purchase warrants issued in connection with the FT Units and the NFT Units will be subject to accelerated expiry in the event the closing price of the common shares of the Company on the TSX Venture Exchange is $0.55 or greater for twenty consecutive trading days.

The Company will determine the allocation of FT Units and NFT Units based on investor interest.  In the event only FT Units are issued, the private placement would result in the issuance of 12,500,000 FT Units.  In the event only NFT Units are issued, the private placement would result in the issuance of 16,000,000 NFT Units.

The Company intends to use the proceeds of the private placement to advance its summer exploration program on the Kahuna project, and complete its previously announced spinout of rights associated with gold mineralization on that project.  It is anticipated that a significant portion of the proceeds of the placement will be used to advance gold exploration work on the project and will form part of the assets of the spinout vehicle on completion of the spinout transaction.

The Company has engaged Pollitt & Co. Inc. (“Pollitt“) as the Company’s financial advisor and to act as lead agent in connection with the private placement.  Pollitt will receive a finders’ fee from the Company in consideration for providing these services.  The Company may pay finders’ fees to other eligible parties who have introduced subscribers to the private placement.

For further information regarding the placement please contact Knox Henderson, Investor Relations, at 604-551-2360, or James Doyle, Pollitt & Co. Inc., at 416-365-3313, [email protected].

 

Completion of the private placement remains subject to the approval of the TSX Venture Exchange.  All securities issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period.

About Dunnedin Ventures

 

Dunnedin’s primary asset is the Kahuna project, where it has an option to earn a 100 percent interest.  Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.  Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in from two seasons of field work.  An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was 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.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

 

The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. Meliadine has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015.   There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

 

Bob Singh, P. Geo., exploration manager, is the qualified person responsible for the technical content of this news release.

 

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

 

Chris Taylor

Chief Executive Officer

 

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.

Dunnedin Adds Strategic Advisors and Announces Private Placement

August 4, 2016 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to announce the appointment of Mr. John Robins, P.Geo., and Mr. Jim Paterson as Strategic Advisors to the Company.  The Company also announces a CDN$1.3 million non-brokered private placement.

Chris Taylor, Dunnedin’s CEO said, “We are thrilled to welcome Mr. Robins and Mr. Paterson as Advisors.  Hunter Exploration Group, a private company co-founded by Mr. Robins, was the original mineral tenure holder at the Kahuna project during the early 2000’s, when over thirty million dollars in exploration were undertaken in the area.  Mr. Robins’ history with the project and access to a proprietary database of historic results give him a unique perspective on the full potential of the property.”

Mr. Robins stated, “We are excited by the opportunity to get back to work in this area of exceptional discovery potential.  Our previous work resulted in the discovery of diamond-bearing kimberlites, however additional high quality diamond indicator mineral trains remain unresolved, including new targets identified by Dunnedin.  In addition, several gold-in-till anomalies were also identified.  Given the proximity to Agnico Eagle’s three million ounce Meliadine gold deposit, both the gold and diamond potential of this project cannot be overlooked.”

Mr. Robins is a Professional Geologist with over 30 years’ experience in the mining industry, and recently oversaw the successful sale of Kaminak Gold Corp. as that company’s Executive Chairman.  Kaminak was acquired by Goldcorp Inc. in July 2016 for in excess of $500 million.  He remains a director of Kivalliq Energy Corp., Northern Empire Resources Corp., and West Melville Minerals Inc., and is also a Strategic Advisor to Great Bear Resources Ltd.  He has been a driving force within the Vancouver mining sector as co-founder of Hunter Exploration, Stornoway Diamond Corp., Kivalliq Energy Corp., North Country Gold Corp. and Kaminak Gold Corp. Mr. Robins was also involved in the successful sale/merger of several public companies including Grayd Resources Corp. (Agnico Eagle), Troon Resources (Grenville Strategic Royalty), Arauco Minerals (Kinross), Creston Moly Corp. (Mercator) and Northair Silver Corp. (Kootenay Silver).

Mr. Paterson is a director and CEO of Kivalliq Energy Corp., which is actively exploring the Angilak uranium project in the same region of Nunavut as the Kahuna project, and until recently served as director of Kaminak Gold Corp.  Mr. Paterson is also a director of Northern Empire Resources Corp. and a Strategic Advisor to Great Bear Resources Ltd.  Mr. Paterson has 19 years of corporate experience with North American publicly traded companies, participating in acquisitions, joint-ventures, spin-outs, reverse transactions and IPO’s. Since January 2010, Mr. Paterson has been involved as an executive or as an active director of companies which have raised in excess of $175 million in equity financings.

 

Private Placement

Dunnedin also announces that, subject to regulatory approval, it will undertake a non-brokered private placement.  Each unit will be issued at a price of $0.10 and will consist of one common share and one common share purchase warrant entitling the holder to acquire one additional common share at a price $0.15 per share for a period of twenty-four (24) months.  The common share purchase warrants will be subject to acceleration at the Company’s discretion in the event the Company’s common shares trade on a volume weighted average price (VWAP) basis of $0.25 or more for a period of ten consecutive trading days.  The Company will issue up to 13,000,000 units for gross proceeds of up to $1,300,000. Finder’s fees may be paid in accordance with Exchange regulations.  Insiders may participate for a portion of the placement.  Proceeds will be used to advance the Company’s Kahuna project, and for general working capital purposes.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

The Company has also granted an aggregate of 200,000 stock options to directors of the Company, exercisable at $0.15 per share for a period of five years.

 

About the Kahuna Project

Kahuna is an advanced stage diamond project located near Rankin Inlet, Nunavut.  An Inferred Resource released by Dunnedin showed over 4 million carats of commercial-sized diamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during sample processing and was reconstructed as having an original size of 13.42 carats.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 1.02 tonne sample of the Notch kimberlite that returned 36 commercial-sized diamonds (+0.85 mm) totalling 0.66 carats (+0.85 mm).  The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd.

 

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

 

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO, at 778-327-5799.

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

 

Chris Taylor

Chief Executive Officer

 

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.

Dunnedin Begins Field Program at Kahuna and Provides Permitting Update

Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to announce the start of field investigations and to provide permitting updates for its Kahuna project, located near Rankin Inlet, Nunavut.  Field crews are currently collecting approximately 1,000 till samples across the Kahuna property.  This is ten times the number of samples collected during Dunnedin’s 2015 program, which successfully applied exploration and diamond indicator mineral classification techniques pioneered by Dunnedin’s advisor Dr. Chuck Fipke to define a number of new potentially diamond-bearing kimberlite targets.

Chris Taylor, Dunnedin’s CEO stated, “Our 2015 till program was a highly successful but focused orientation survey of only 118 samples.  That work identified several new targets consistent with our known diamond-bearing kimberlites, including both dike and pipe targets, and extensions to known diamond-bearing kimberlites.  We anticipate that this summer’s 1000 sample program will define additional targets and will allow us to accurately prioritize sites for upcoming drilling and bulk sampling.”

 

The 2016 field program has an estimated budget of $350,000, which is kept low by infrastructure and service advantages associated with the project’s location near both Rankin Inlet and Chesterfield Inlet.

 

The Company is currently completing diamond recoveries from the Notch, PST and Kahuna kimberlites sampled in 2015, along with processing of the 2015 till samples for potential gold content.  Results will be issued as received.  It is anticipated that processing of the 2016 till samples will be completed in time to guide the upcoming winter program in 2016 – 2017.

 

Permitting Update

 

The Company is also pleased to report that Indigenous and Northern Affairs Canada (INAC) has endorsed modification and resubmission of the Company’s multi-year exploration permit application to the Nunavut Impact Review Board (NIRB).  In a letter addressed to NIRB dated August 2016, INAC stated, “We are pleased to hear that Dunnedin Ventures Inc. has already taken steps to address the concerns raised by the Board in its Screening Decision Report, including engaging in community consultation activities, and that it plans to submit a revised Project proposal.”

 

In April 2016, NIRB recommended to INAC that the Company should either modify and resubmit, or alternatively abandon its multi-year exploration permit application, and provided a list of required steps to complete prior to resubmission.  INAC’s decision to support resubmission rather than abandonment streamlines the permitting process and allows the Company to focus on implementing NIRB’s suggestions within the framework of the existing application.  Dunnedin has recently completed all suggested steps, and plans to resubmit its application to the Nunavut Planning Commission over the coming weeks.  Current permits allow the Company to continue sampling work through 2017 – 2018.

 

A full version of INAC’s decision can be accessed at:

ftp://ftp.nirb.ca/01-SCREENINGS/COMPLETED%20SCREENINGS/2015/15EN028-Dunnedin%20Ventures%20Inc-Kahuna%20Project/03-DECISION/160815-15EN028-INAC%20Minister%20Response%20to%20NIRB%20Recommendation-IA1E.pdf

About the Kahuna Project

 

Kahuna is an advanced stage diamond project located near Rankin Inlet, Nunavut.  An Inferred Resource released by Dunnedin showed over 4 million carats of commercial-sized diamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during sample processing and was reconstructed as having an original size of 13.42 carats.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 1.02 tonne sample of the Notch kimberlite that returned 36 commercial-sized diamonds (+0.85 mm) totalling 0.66 carats (+0.85 mm).  The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd.

 

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

 

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO, at 778-327-5799.

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

 

Chris Taylor

Chief Executive Officer

 

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.

Second Notch Sample Returns 1.29 Carats of Commercial Sized Diamonds

Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to report final diamond recovery results from the Notch kimberlite.  The second, 1.30 tonne sample of Notch returned 49 commercial-sized stones (+0.85 mm) totalling 1.29 carats, for a sample grade of 0.99 carats per tonne. The largest recovered diamond was a 0.23 carat clear and colourless octahedral stone.  Results are provided in the table below along with an image of the two largest stones.

Table 1: Diamonds recovered from the Notch kimberlite

Sample Weight in Dry Tonnes Total 

Number of Diamonds Recovered (+0.425 mm)

Total Carat 

Weight (+0.85 mm)

Endecott Sieve Size (mm)
0.425 0.60 0.85 1.18 1.70 2.36 Sample Grade 

(cpt)

Largest Diamonds 

(carats)

Notch 1 1.02 278 0.66 175 67 26 8 2 0 0.65 0.10, 0.08, 0.05
Notch 2 1.30 318 1.29 179 90 33 11 3 2 0.99 0.23, 0.17, 0.09

 

Figure 1: Image of the two largest diamonds recovered from the second Notch sample.  Additional images of diamonds will be posted to the Company’s web site at www.dunnedinventures.com

“We continue to be impressed with the quality of diamonds recovered from our kimberlites,” said Chris Taylor, CEO of Dunnedin, “Till samples, drilling and geophysics all suggest Notch may have up to double the 2.6 kilometre strike length that was used to calculate its published potential for 2 – 5 million carats of commercial sized diamonds as reported in our NI 43-101 compliant Inferred Resource and Target for Further Exploration.  Notch therefore presents an attractive target with significant potential for further resource expansion and bulk sampling.”

Most of the Notch diamonds recovered by Dunnedin are clear and colourless variants of octahedra. On January 26, 2015, Dunnedin published a NI 43-101 compliant Inferred Resource for Notch prepared by APEX Geoscience Ltd. (“APEX”) with the following highlights:

  • 829,000 carats of diamonds;
  • at a grade of 0.90 carats per tonne (+0.85 mm);
  • from 921,000 tonnes of rock;
  • based on very shallow test drilling of typically less than 80 metres depth;
  • across 2.6 kilometres of strike;
  • remains open to extension along strike and at depth

Dunnedin followed with publication of a Target for Further Exploration (“TFFE”) that provides additional potential tonnages and contained carats that are not yet included in the Notch Resource, also prepared by APEX (see Dunnedin news release of March 31, 2015) of an additional 1.10 to 4.05 million carats based on a range of possible grades and depth extents.  Note that the TFFE conservatively does not include any consideration of potential additional strike extent.

Table 2: TFFE for Notch as prepared by APEX Geoscience Ltd.

Low Range High Range
Depth 

Range (m)

Tonnage Grade (cts/t) Total Carats Depth Range (m) Tonnage Grade (cts/t) Total Carats
110‐300 1,570,000 0.70 1,100,000 110‐600 4,050,000 1.00 4,050,000

 

The Notch and the Kahuna kimberlites occupy a 25+ kilometre long kimberlite-intruded structure as established by drilling, geophysics and till sampling.  While the total volume of diamond-bearing kimberlite has not yet been defined, the seven kilometres drilled to date have a published capacity for 10 – 20 million carats of commercial-sized diamonds as stated by the Inferred Resource and TFFE.  The potential quantity and grade of any TFFE is conceptual in nature, as there is insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.

 

About the Notch Kimberlite

 

  • Vertical diamondiferous kimberlite dike that is exposed at surface; historical and current samples were taken within metres of each other from largely unweathered kimberlite

 

  • Defines the southern portion of an approximately 25 kilometre long kimberlite-intruded structure, as supported by drilling and interpreted from geophysical extensions and till sampling from drilled areas; the structure also hosts the Kahuna dike and is visible on satellite images as a recessive erosional feature

 

  • The Notch/Kahuna structure contains kimberlite at all locations where drilled, however only seven kilometres of this feature have sufficient drill density to define Inferred Mineral Resources at Notch and Kahuna, and diamond content of kimberlite can vary along strike

 

  • Width is about 1.5 metres where exposed; generally varies from approximately 1 – 2 metres in true thickness where drilled

 

  • One of several diamondiferous kimberlites discovered thus far within two kilometres of Notch, including Killiq, 07-KD-24, and PST.

 

The Notch sample was treated through an autogenous mill-fusion circuit located at CF Mineral Research Ltd. of Kelowna, British Columbia, using a lower size cut-off of 0.425 mm.  Unlike standard DMS recovery methods, the circuit can recover nearly all diamonds present in a kimberlite to the predetermined cut-off size, along with associated indicator minerals.

 

The Company has also granted an aggregate of 3,500,000 stock options to directors, advisors and consultants of the Company, exercisable at $0.19 per share for a period of five years.

 

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 778-327-5799.

On behalf of the Board of Directors

 

Dunnedin Ventures Inc.

 

Chris Taylor

Chief Executive Officer

 

About the Kahuna Project

 

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.  Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in summer 2015, and is completing a 1000 till sample program in summer 2016.  An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling.  The largest diamond recovered was 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.  Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.32 tonne sample of the Notch kimberlite which returned 85 macrodiamonds totalling 1.95 carats (+0.85 mm).  The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd.

 

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.