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Dunnedin Concludes 2016 Field Program at Kahuna Diamond Project

October 4, 2016 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today announced the conclusion of its summer 2016 field investigation program at its Kahuna project, located near Rankin Inlet, Nunavut.

 

“Our 2016 field program collected 1,111 till samples across the Kahuna property, approximately ten times the number of samples collected during Dunnedin’s 2015 program,” said Chris Taylor, Dunnedin’s CEO. “Last year’s program effectively identified several new potentially diamond-bearing kimberlite pipe and dike targets.  The much larger 2016 program was implemented to expand upon existing diamond indicator mineral trains, and to identify additional prospective diamond sources through testing the down-ice mineral signatures of geophysically interpreted kimberlite pipes and dikes across the property.”

Dunnedin’s 2016 program will employ till sampling and mineral ranking techniques pioneered by its advisor Dr. Charles Fipke and originally 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”) under the direction of Dr. Fipke.  Information on the sampling and ranking protocols are provided on Dunnedin’s web site at www.dunnedinventures.com.

 

The Company is currently completing diamond recoveries from the 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.

 

The Company also announces that due to the strength of its 2015 results it has staked an additional 21 claims totaling approximately 25,000 hectares to control additional prospective geology at the Kahuna project.  The Kahuna project now comprises approximately 60,000 hectares.  Dunnedin’s claims now come to within approximately 10 kilometres of the Meliadine mine development site, which is currently under construction by Agnico Eagle Mines Ltd.

 

Investor Relations

 

The Company also wishes to announce it has entered into a consulting agreement with Knox Communications Inc. (“KCI”) dated October 1, 2016.  Pursuant to the terms of the Agreement, KCI has agreed to provide investor relations services to the Company for consideration of $3,000 per month and the grant of stock options to purchase up to 150,000 common shares of the Company at an exercise price of $0.19 per share, subject to vesting according to the Company’s stock option plan.

 

Headed by Knox Henderson, KCI will assist the Company in strategic marketing and communications.  Mr. Henderson brings more than 15 years’ experience in investor relations and corporate communications for publicly listed companies.  He has provided marketing services for financings exceeding $100 million in aggregate value for Toronto Venture Exchange listed resource companies, from early exploration through to prefeasibility stage.  The agreement and the grant of stock options are subject to Exchange approval.

 

About the Kahuna Project

 

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.  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.

 

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, or 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 PROVIDES UPDATE ON SUMMER DIAMOND EXPLORATON AND ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

DUNNEDIN VENTURES INC.

Suite 302, 750 West Pender Street

Vancouver, BC V6B 1L8

Tel: 604.681.0084 / Fax: 604.681.0094

For Immediate Release                                                                                                                       TSX-V: DVI

Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) announces that, subject to regulatory approval, it will conduct a non-brokered private placement consisting of both common and flow through shares. The Company also announces completion of Phase 1 field investigations and collection of several tonnes of diamondiferous kimberlite plus approximately two tonnes of mineral concentrates from till sampling.

The Company will issue up to 5,833,333 common shares at a price of $0.06 per share, for gross proceeds of up to $350,000, and 10,000,000 flow-through shares at a price of $0.075 per share for gross proceeds of up to $750,000. Dr. Charles Fipke, Advisor to the Company, intends to subscribe for a portion of the flow through shares.

The Company will use the funds raised to advance the Kahuna project and support its corporate operations.

Update on Phase 1 Field Investigations


The Company also announces it has concluded Phase 1 field investigations at the Kahuna project. Geological teams have collected more than four tonnes of kimberlite from PST, Notch, Kahuna and other targets from which diamonds will be recovered for initial study and characterization. Further details including individual sample weights and diamond recoveries will be provided as results are received from the processing lab. In addition to the kimberlite samples, the Company also collected approximately two tonnes of field-sieved mineral concentrates from 180 till samples testing a large number of new targets across 20 kilometres of priority ground identified from a review of historical data (see news release of June 29, 2015).

The Company will undertake analytical work on kimberlite samples and chemical and morphological classification work on indicator mineral concentrates at CF Mineral Research Ltd. in Kelowna, B.C. Results from the till sampling program will be compared to results from the known diamond-bearing kimberlites to prioritize new targets for follow-up work.

The PST, Notch and Kahuna kimberlites have also been mapped and sites for further bulk sampling have been identified. Early results of this mapping include the projection of the PST kimberlite along strike below shallow gravel cover, mapping of a number of new targets through the identification of linear depressions and other geomorphological features, and selection of a number of recessively eroded pipe or dike blow type targets in areas with known favourable indicator mineral chemistry. Till sample results from Dunnedin’s Phase 1 work will refine this targeting.

The Company notes that field investigations were more cost efficient than originally envisioned, as the recent opening of Agnico Eagle Ltd.’s (TSX: AEM) Meliadine mine 25 km north of Rankin Inlet has expanded infrastructure and increased local support services. Upcoming bulk sampling and drill work is expected to be made more cost efficient by utilization of this expanded infrastructure.

Stakeholder Meetings

Dunnedin also reports initial in-person meetings have taken place with the Kivalliq Inuit Association (“KIA”) to discuss the Company’s work plans at the Kahuna project. Dunnedin will continue to work closely with the KIA, to ensure its operations are respectful of local land use priorities and to ensure maximum participation from local parties in its activities.

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 604 681 0084, or Mr. Allan Barry Laboucan, Special Advisor at 604 505 4753.

 

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. Three main diamondiferous kimberlite dikes, Kahuna, PST and Notch, have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne. 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 kimberlites through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

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 CHARLES (CHUCK) FIPKE AS ADVISOR

DUNNEDIN VENTURES INC.

Suite 302, 750 West Pender Street

Vancouver, BC V6B 1L8

Tel: 604.681.0084 / Fax: 604.681.0094

For Immediate Release                                                                                                                       TSX-V: DVI


DUNNEDIN ADDS CHARLES (CHUCK) FIPKE AS ADVISOR

July 29, 2015 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to report that Charles (Chuck) Fipke, Ph.D., has joined the Company as Advisor.

Chuck Fipke is a leader in the Canadian diamond sector as discoverer of Canada’s first diamond mine at Ekati, N.W.T., and is also well known for his many philanthropic undertakings. He is an acknowledged expert on diamond deposits and is author of several major, scientific publications. His pioneering development of heavy mineral based exploration techniques at CF Mineral Research Ltd. has lef to the discovery of many diamond and metallic mineral deposits across the globe. He will be assiting Dunnedin with target evaluation at the Kahuna project, and guidance through kimberlite and indicator mineral sampling and processing using his lab facilities in Kelowna.

​Chris Taylor, CEO of Dunnedin said, “Dr. Fipke is an inspiration to an entire generation of Canadian geologists, myself included. His knowledge, insight and tenacity are largely responsible for the emergance of diamond mining as an industry in Canada, and it is our distinct privelege to have his guidance and cooperation at the Kahuna project.”

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084 or Mr. Allan Barry Laboucan, Special Advisor at 604 504 4753.

 

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. Three main diamondiferous kimberlite dikes, Kahuna, PST and Notch, have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne. 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 kimberlites through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

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 files maiden resource report including additional target for further exploration

DUNNEDIN VENTURES INC.

Suite 302, 750 West Pender Street

Vancouver, BC V6B 1L8

Tel: 604.681.0084 / Fax: 604.681.0094

For Immediate Release                                                                                                                       TSX-V: DVI


DUNNEDIN FILES MAIDEN RESOURCE REPORT INCLUDING ADDITIONAL TARGET FOR FURTHER EXPLORATION

March 31, 2015 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to report it has filed the NI 43-101 compliant technical report describing the maiden Mineral Resource Estimate for the Kahuna Diamond Project (the “Project”), located in Nunavut, Canada. The estimate was prepared by APEX Geoscience Ltd. (“APEX”) on the Kahuna and Notch kimberlites based on data from the 2006 – 2008 bulk sampling and drill programs completed by the past operator.

As disclosed on January 26, 2015, Dunnedin reported a combined Inferred Mineral Resource of 4,018,000 carats of macrodiamonds at a 0.85 mm (+1 DTC sieve size) lower diamond cut-off, with an average grade of 1.01 carats per tonne (cpt), or 101 carats per hundred tonnes (cpht) derived from 3,987,000 tonnes of kimberlite resource at the Kahuna and Notch targets. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the Inferred Mineral Resource will be converted into a Mineral Reserve.

 

Exploration Potential of Kahuna and Notch


Preparation of the resource report allowed calculation of a Target for Further Exploration (“TFFE”) that provides additional potential tonnages and contained carats that are not yet included in the Resource. The TFFE is based on projection of the diamondiferous kimberlites below the shallow depths currently included in the Resource. Calculations for a conceptual target indicate there is potential for an additional 4,090,000 to 15,880,000 carats of diamonds within the Kahuna and Notch dikes, as presented in Table 1. The potential quantity and grade of any TFFE is conceptual in nature, 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.

To 15,880,000 carats of diamonds within the Kahuna and Notch dikes, as presented in Table 1. The potential quantity and grade of any TFFE is conceptual in nature, 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.

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*Note that bulk sampling has established that Kahuna has a recovered grade of 1.04 cpt and Notch has a recovered grade of 0.90 cpt (at a +0.85 mm lower cut-off) as previously disclosed in the Inferred Resource. As such, the “Low Range” reduces diamond grades by about 23% and the “High Range” increases diamond grades by about 5% for Kahuna and 10% for Notch. Note the tonnes and carats have been rounded to the nearest 10,000 and may not add due to rounding.

The TFFE provides reasonable guidance for additional potential tonnage and diamond grades at Kahuna and Notch to depths of 300 – 600m, but does not include:

Any potential additional tonnage or carats from any of the six other diamondiferous kimberlites that have already been drilled, sampled and mapped on the project, such as the PST, Killiq and KD series of dikes. At PST, grades of 2.18 cpt (at a +0.85 mm lower cut-off) have been reported following bulk sampling and drilling, and a network of diamondiferous dikes has been drilled in this area. The Company believes these represent high priority targets for ongoing work, due to their significant diamond grade potential, and
800 m of additional potential strike length of the Kahunadike, and 300 m of additional potential strike length of the Notch dike as inferred by field mapping, geophysics and geological sampling. If included, these would proportionally increase the expected volume of diamond-bearing kimberlite at these targets; however drill density remains insufficient at these locations to include these areas in the TFFE at this time.

The TFFE assumes the same kimberlite densities as the Resource Estimate, which average 1.99 t/m3 for Kahuna and 2.12 t/m3 for Notch, and assumes recovery of +1 DTC sieve size macrodiamonds. The TFFE is derived from geological volumes based on projection of the Kahuna and Notch kimberlites to depths of 300 m (low range) and 600 m (high range) vertically from surface below the extent of the current geological model, and assuming a range of potential grades. The TFFE assumes a strike length of 4.7 km for Kahuna and 2.6 km for Notch; and an average width of 2.5 m and 1.5 m, respectively. Given the assumed kimberlite dike method of emplacement, and the presently defined extent of the geological models, both ranges are considered reasonable by the report authors.

Chris Taylor,Dunnedin’s CEO stated: “Based on the Inferred Resource and TFFE, Dunnedin believes the Kahuna and Notch kimberlites have the potential to host 10 – 20 million carats of macrodiamonds from surface to depths of 300 – 600 m. This provides an important initial size estimate for two of our eight confirmed diamondiferous kimberlites. We will continue to work to expand and refine these numbers while we prepare to undertake bulk sampling to assemble a diamond valuation package.”

 

Recommendations for Further Work


In addition to calculation of the Inferred Resource and TFFE, APEX recommends a multi-stage work program designed to expand the existing resource, follow up on several untested high priority diamond indicator mineral and geophysical targets, and build diamond valuation parcels. Dunnedin plans to implement many of the recommended steps through 2015 – 2016 including bulk sampling, drilling and additional till sampling, and may implement other portions of the recommended work program depending on results on its ongoing work. Recommendations are presented below:

Airborne gravity and light detection and ranging (LiDaR) surveys to provide additional kimberlite target definition and high resolution topographic data
Further diamond drilling of the known kimberlites along with drill testing of additional new or untested targets
Bulk sampling the various kimberlites to establish diamond valuation parcels
Mr. Kristopher J. Raffle, P.Geo. (BC), Principal of APEX Geoscience Ltd. is the independent qualified person responsible for the preparation of the Mineral Resource Estimate for the Kahuna Diamond Project. Mr. Raffle has reviewed and approved the contents of this press release.

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084, or Mr. Allan Barry Laboucan, Special Advisor at 604 505 4753.

 

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor
Chief Executive Officer

 

About the Kahuna Project

Kahuna is an advanced stagehigh grade diamond project located near Rankin Inlet, Nunavut. Three main diamondiferous kimberlite dikes have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne, the Kahuna, PST and Notch. 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 kimberlites through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

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 reports 4.02m carat inferred diamond resource at Kahuna

DUNNEDIN VENTURES INC.

Suite 302, 750 West Pender Street

Vancouver, BC V6B 1L8

Tel: 604.681.0084 / Fax: 604.681.0094

For Immediate Release                                                                                                                       TSX-V: DVI


DUNNEDIN REPORTS 4.02M CARAT INFERRED DIAMOND RESOURCE AT KAHUNA

January 26, 2015 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to report the maiden inferred resource from the Kahuna Diamond Project (the “Project”), located in Nunavut, Canada. The estimate was prepared by APEX Geoscience Ltd. on the Kahuna and Notch kimberlites based on data from the 2006 – 2008 bulk sampling and drill programs completed by the past operator. A NI 43-101 technical report disclosing the resource will be filed on SEDAR within 45 days.​

Highlights include:

  • A combined Inferred Mineral Resource of 4,018,000 carats of macrodiamonds at a 0.85 mm (+1 DTC sieve size) lower diamond cut-off, with an average grade of 1.01 carats per tonne (cpt), or 101 carats per hundred tonnes (cpht) derived from 3,987,000 tonnes of kimberlite resource.
  • The kimberlites in the resource are exposed at surface and remain open to extension along strike and at depth. The average drill intercept at the Kahuna kimberlite was only 80 vertical metres, however kimberlite has been intersected at vertical depths of greater than 120 m and continuity at depth is supported by the available data.
  • Indicator mineral trains and geophysics suggest the Kahuna and Notch have the potential to extend along strike into areas of thin sediment cover. Kimberlite has been intercepted in drilling along these potential extensions; however drill spacing was insufficient for inclusion in the resource. These areas will be a focus of future drilling.
  • Only 2 of 8 confirmed significantly diamondiferous kimberlites (Kahuna and Notch) have sufficient drilling, bulk sampling and density definition work to be included in the inferred mineral resource at this time. Other drilled, mapped and sampled diamondiferous kimberlites include the PST, Killiq, and 4 additional kimberlite dikes located between the Notch and PST kimberlites (KD-13, 14, 16 and 18). Additional evaluation of these kimberlites will be a priority for Dunnedin in 2015.
  • “The Kahuna project’s readily expandable high grade diamond resource, strong infrastructure advantages due to its location close to Rankin Inlet and tidewater in Hudson’s Bay, and high potential for new discoveries make this stand out as an excellent Canadian diamond development opportunity,” said Chris Taylor, Dunnedin’s CEO.

 

Details of the Resource


Drilling, surface bulk sampling, and micro- and macrodiamond data indicate the Kahuna and Notch are both single phase, macrocrystic hypabyssal kimberlite dikes having similar visual and petrographic characteristics throughout. Given their relatively simple internal geology, Kahuna and Notch were modeled as separate bodies and the Mineral Resource Estimate was established by applying average grades from surface mini-bulk samples within each geological model. Sensitivity analyses of the grades at both 0.85 and 1.18 mm cut-offs are presented in Table 1.

Table 1: Inferred Mineral Resource Estimate for the Kahuna and Notch Kimberlites

*The reader is cautioned that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and might never be converted into Reserves.
*Figures may not sum due to rounding. Significant figures do not indicate added level of precision.
*cpt (carats-per-tonne)

The potential diamond valuation or mining characteristics of the Kahuna and Notch kimberlites have not yet been determined. However, a 2008 evaluation of Kahuna diamond characteristics by Mineral Services Canada (MSC) describes the Kahuna diamond population as having encouraging value characteristics, with a high abundance of colourless and near colourless varieties with octahedral shapes being the dominant morphology. The Notch kimberlite displays similar diamond characteristics to Kahuna and other significantly diamondiferous kimberlites within the Kahuna Project including the PST and Killiq kimberlites.

The Company cautions that the inferred resource cannot be used to construct an economic model of the project prior to assembling a package of diamonds for valuation. Dunnedin plans to expand the resource through completion of a 2015 drill program, followed by bulk sampling of the kimberlites to collect sufficient macrodiamonds for a valuation parcel.

 

Kahuna Mineral Resource Estimate


The Kahuna kimberlite is interpreted as a 5.5 km long, 2 to 4 m wide, sub-vertical dike defined by drilling, surface bulk sampling and geophysics. It has been intersected by 34 drill holes, totalling 2,506 m. The Kahuna kimberlite outcrops and has been intersected in drill core over depths ranging from 13 m to 127 m vertically from surface. Based on these parameters, and incorporating geophysical data and surface kimberlite exposures, APEX created a 3D geological model for the Kahuna kimberlite along a 4.7 km strike length with a maximum vertical extent of 207 m below surface, and width ranging from 0.5 m to 6 m, averaging approximately 3.2 m.

The Mineral Resource Estimate for Kahuna was determined by integrating kimberlite volumes with density, petrology and diamond content data obtained from 2,399 m of diamond drilling, 107 m of reverse circulation (RC) drilling, 721.8 kg of kimberlite submitted for microdiamond analysis (returning 3,652 stones greater than 0.15 mm), and 345.5 carats (11,603 stones greater than 0.85 mm) recovered from a 356.33 tonne surface mini-bulk sample (resulting in a modelled grade of 1.04 cpt, or 104 cpht based on additional stones recovered from a partial tailings audit). A total of 42 density measurements from drill core samples and 189 from surface samples produce an average calculated dry density of 1.99 g/cm3. Comparison of density data from drill core and surface samples revealed no significant variation with depth. Similarly, size frequency analysis of micro- and macrodiamond results from drill core and surface mini-bulk samples demonstrate uniformity in the diamond population throughout the kimberlite.

 

Notch Mineral Resource Estimate


The Notch kimberlite is located 12 km southwest of the Kahuna kimberlite. Notch is interpreted as a 3 km long, 0.5 to 2.5 m wide, sub-vertical dike defined by drilling, surface bulk sampling and geophysics. The Notch kimberlite outcrops and has been intersected by 10 diamond drill holes totalling 706 m. Kimberlite has been intersected in drill core over depths ranging from 5 m to 70 m vertically from surface. Based on these parameters, APEX created a 3D geological model along a 2.5 km strike length with a maximum vertical extent of 140 m below surface, and a width ranging from 0.5 to 2.5 m; averaging approximately 1.5 m.

The Mineral Resource Estimate for Notch was determined by integrating kimberlite volumes with density, petrology and diamond content data obtained from 706 m of diamond drilling, 414.9 kg of kimberlite submitted for microdiamond analysis (returning 1,716 stones greater than 0.15 mm), and 19.7 carats (329 stones greater than 0.85 mm) recovered from 21.9 tonnes of surface kimberlite, resulting in an average grade of 0.90 cpt or 90 cpht. A total of 14 density measurements from drill core samples and 34 from surface samples produce an average calculated dry density of 2.12 g/cm3. Comparison of density data from drill core and surface samples revealed no significant variation with depth. Similarly, size frequency analysis of micro- and macrodiamond results from drill core and surface mini-bulk samples demonstrate uniformity in the diamond population throughout the kimberlite.

NI 43-101 standards and Canadian Institute of Mining and Metallurgy (CIM) guidelines stipulate that a Mineral Resource needs to have a “reasonable prospect of economic extraction”. Based on the grade and tonnage of the Mineral Resource Estimate, diamond characteristics, and favourable location; it is the opinion of the Independent Qualified Person that the Kahuna Diamond Project is considered to exhibit reasonable prospects for economic extraction.

Mr. Kristopher J. Raffle, P.Geo. (BC), Principal of APEX Geoscience Ltd. is the independent qualified person responsible for the preparation of the Mineral Resource Estimate for the Kahuna Diamond Project. Mr. Raffle has reviewed and approved the contents of this press release.

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084, or Mr. Allan Barry Laboucan, Special Advisor at 604 505 4753.

 

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. Three main diamondiferous kimberlite dikes have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne, the Kahuna, PST and Notch. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

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

TSX VENTURE EXCHANGE APPROVES KAHUNA OPTION AGREEMENT

Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to announce approval by the TSX Venture Exchange of the Option Agreement (the “Option”) the Company has entered into with Gary Thompson and Sorin Posescu, wherein the Company can earn a 100% interest in the “Kahuna Diamond Project” (the “Project”), located in Nunavut, Canada, as originally announced in Dunnedin’s news release of August 18th, 2014.

 

Terms of the Option Agreement

In order to exercise the Option, the Company must make cumulative exploration expenditures on the Project totalling $5,000,000 over four years, with a minimum of $400,000 to be spent within the first year of the Option, and no less than $1,000,000 to be spent in each subsequent year of the Option. In addition, the Company must issue 11,000,000 common shares, and pay $700,000 as follows: $50,000 upon execution of the Letter of Intent (paid), 2,200,000 shares (issued) and $50,000 on receipt of Exchange approval of the Option (paid), 2,200,000 shares and $100,000 by the first anniversary, 2,200,000 shares and $150,000 by the second anniversary, 2,200,000 shares and $150,000 by the third anniversary, and 2,200,000 shares and $200,000 by the fourth anniversary.

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084, or Allan Barry Laboucan, Special Advisor at 604 505 4753.

 

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. Three main diamondiferous kimberlite dikes have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne, the Kahuna, PST and Notch. Mineral resource estimates have not yet been published for these targets, however the kimberlites yielded high macro diamond counts and diamonds over one carat in size. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats.The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in thepolicies 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 andexpectations, 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 AMENDS NON-BROKERED PRIVATE PLACEMENT

Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) announces that it will amend the terms of its previously announced non-brokered private placement.

Non-flow-through units (the “Non-Flow-Through Units”) will be issued at a price of $0.05 per Non-Flow-Through Unit, and flow-through units (the “Flow-Through Units”) at a price of $0.065 per Flow-Through Unit.  Each Non-Flow-Through Unit, and Flow-Through Unit, consists of one common share of the Company, and one-half-of-one common share purchase warrant, each full warrant entitling the holder to acquire one additional common share at a price of $0.10 per share for a period of twenty-four (24) months, subject to acceleration in the event the Company’s common shares trade at a price of $0.15 or higher.  In aggregate, the Company anticipates the private placement of both the Non-Flow-Through Units, and the Flow-Through Units, to result in gross proceeds to the Company of up to $900,000.  This would result in the issuance of a maximum of 18,000,000 common shares of the Company, and 9,000,000 share purchase warrants, assuming all subscriptions received by the Company are for Non-Flow-Through Units.  Dr. Charles Fipke, Advisor to the Company, intends to subscribe for a portion of the placement.

The Company will use the funds raised to advance the Kahuna project and support its corporate operations.  The amended terms of the placement remain subject to the approval of the TSX Venture Exchange.

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084, or Mr. Tony Ricci, CPA, CFO, at 604 649 3231.

 

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.  Three main diamondiferous kimberlite dikes, Kahuna, PST and Notch, have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne. Dunnedin is now recovering diamonds from a series of samples collected in summer 2015, with the first 0.82 tonne PST sample returning 96 macrodiamonds totalling 5.34 carats (+0.85 mm), yielding a sample grade of 6.50 carats per tonne.  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 kimberlites through shallow drilling.  The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats.  The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

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 PROVIDES IMAGES OF DIAMONDS FROM FIRST PST SAMPLE

Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to release images of all 96 commercial-sized diamonds (+ 0.85 mm) recovered from the first PST kimberlite sample.  Images are included in a presentation that has been posted to the Company’s web site at www.dunnedinventures.com.

Figure 1: Diamonds recovered between the 1.18 mm and 1.70 mm sieves.

“The high sample grade of 6.50 carats per tonne and the project’s location near Rankin Inlet allowed us to cost-effectively recover an impressive number of commercial-sized diamonds from our first sample,” said Chris Taylor, Dunnedin’s CEO, “We encourage our investors to compare these photos with photos of rough diamonds recovered from other Canadian diamond deposits.  Results to date clearly support a favourable combination of high grades and large diamonds at our project.”

The PST sample was treated through an autogenous mill-fusion circuit located at CF Mineral Research Ltd. of Kelowna, B.C., using a lower size cut-off of 0.425 mm (see Dunnedin news release of November 12, 2015 for details of the sample). All commercial-sized (+0.85mm) diamonds were cleaned and imaged at CF Minerals. The diamonds are dominated by single octahedral crystals and variants of octahedra. Colours are mostly white to off-white, though a small component of yellow stones are also present.

Dunnedin plans to next process material from the Notch kimberlite and will continue to compare historical diamond results to current.  Following processing of the Notch sample, diamonds will be recovered from additional samples from PST, Kahuna, Notch and another unnamed kimberlite. The Company will also process over 180 sieved till concentrates collected across the property that are expected to generate new targets; mapping and interpretive work have revealed an extensive network of kimberlite-intruded structures with many potential dike, dike blow and pipe targets on the property (see Dunnedin news release of June 29, 2015).

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 604 681 0084.

 

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.  Three main diamondiferous kimberlite dikes, Kahuna, PST and Notch, have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne. Dunnedin is now recovering diamonds from a series of samples collected in summer 2015, with the first 0.82 tonne PST sample returning 96 macrodiamonds totalling 5.34 carats (+0.85 mm), yielding a sample grade of 6.50 carats per tonne.  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 kimberlites through shallow drilling.  The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats.  The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

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 REPORTS 5.34 CARATS FROM FIRST 0.82 TONNE KIMBERLITE SAMPLE

Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to announce the first diamond results from the Company’s 2015 summer field investigation program. A 0.82 tonne sample of the PST kimberlite has yielded 96 macrodiamonds (+0.85 mm) totalling 5.34 carats, for a sample grade of 6.50 carats per tonne. The sample grade is higher than the historically reported result of 2.18 carats per tonne, and recovered diamonds include an octahedral crystal weighing 0.77 carats and a polycrystalline diamond weighing 2.22 carats. A preliminary examination of the diamonds suggests approximately 50 – 60 percent are clear and colourless. Results are summarized in the table below.

Table 1: Diamond results from 0.82 tonne PST sample.

“These are some of the best diamond results reported in Canada and distinguish Dunnedin’s Kahuna Project as having kimberlites with both high grades and large diamonds,” says Chris Taylor, Dunnedin’s CEO, “While our diamonds have the same overall size distribution as historically reported for PST, we have also recovered several large stones. Their recovery demonstrates the presence of a coarse diamond component at PST similar to the Kahuna kimberlite, where a 13 carat diamond was historically reported.”

Over the next several months, diamonds will continue to be recovered from kimberlites sampled this summer. The Company will also process over 180 sieved till concentrates collected across the property that are expected to generate new targets; mapping and interpretive work have revealed an extensive network of kimberlite-intruded structures with many potential dike, dike blow and pipe targets on the property (see Dunnedin news release of June 29, 2015).

Mr. Taylor adds, “With its location close to newly commissioned mining infrastructure and communities that boast skilled work forces, the Kahuna Project is an ideal choice for diamond mine development that can benefit both Dunnedin’s shareholders and the project’s experienced local stakeholders in Rankin and Chesterfield Inlets.”

The PST 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. The Company did not opt to recover diamonds below a 0.425 mm cut-off as the large population of diamonds retrieved was already sufficient for sample characterization. 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 notes that the reported sample results do not constitute a deposit grade, and insufficient work has been completed to date to define a mineral resource at PST. The PST kimberlite was not included in the 4 million carat Inferred Resource based on shallow drilling along partial strike lengths of the Kahuna and Notch kimberlites that was released by Dunnedin earlier this year (see news release of January 26, 2015; average grade of 1.01 cpt (+0.85 mm) from 3.99 million tonnes of rock).

The diamonds are currently being photographed and images with descriptions will be posted to the Company website in the coming days. The Company plans to next process material from the Notch kimberlite and will continue to compare historical results to current.

About the PST Kimberlite

  • Near vertical high grade kimberlite dike that is exposed at surface
  • Historical and current samples were taken within metres of each other
  • Historically reported grade of 2.18 carats per tonne (+0.85 mm) from a 3.55 tonne sample, current sample grade of 6.50 carats per tonne (+0.85 mm) from a 0.82 tonne sample
  • Drilling is limited to 200 metres of strike to a maximum depth of approximately 50 metres; remains open along strike and at depth
  • Extends north under thin gravel cover, however diamondiferous kimberlite was drilled 1.2 km away directly along strike, coincident with magnetic and resistivity signatures that suggest potential continuity of up to 2.5 km
  • Insufficient exposure and drilling to define width; more work is required
  • One of several diamondiferous kimberlites discovered thus far within a 2 km radius of PST, including Killiq, 07-KD-24, and Notch. 07-KD-24 is notable for having historically recovered 305 diamonds including 7 macrodiamonds (+0.85 mm) from a 2.2 kg (0.0022 tonne) drill core sample.

 

The Company also reports it has closed a first tranche of 2,633,332 shares at $0.06 per share for gross proceeds of $158,000 related to its ongoing private placement. Proceeds will be used to support sample analysis and diamond recovery from additional kimberlite samples, and for general administrative purposes.
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 604 681 0084.

 

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. Three main diamondiferous kimberlite dikes, Kahuna, PST and Notch, have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne. Dunnedin is now recovering diamonds from a series of samples collected in summer 2015, with the first 0.82 tonne PST sample returning 96 macrodiamonds totalling 5.34 carats (+0.85 mm), yielding a sample grade of 6.50 carats per tonne. 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 kimberlites through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

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.Type your paragraph here.

LABOUCAN CEASES TO BE ADVISOR TO DUNNEDIN

Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) announces that the term of its consulting arrangement with Allan Barry Laboucan has ended, and the Company has elected not to renew the arrangement. Mr. Laboucan previously served as an advisor to the Company on matters relating to investor relations and corporate communications.

The Company is currently expecting results from a 0.82 tonne sample of the PST kimberlite that is being processed for diamond and indicator mineral recovery at CF Mineral Research Ltd. of Kelowna, British Columbia (see news release of October 8, 2015). Based on previous results, the sample is expected to produce diamonds that Dunnedin will characterize in order to guide future work. Further samples from the Kahuna, Notch and other kimberlites will be processed after receipt of results from PST. The Kahuna diamond project was recently reported to contain a 4 million carat Inferred Resource based on shallow drilling along partial strike lengths of the Kahuna and Notch kimberlites that was released by Dunnedin earlier this year (see news release of January 26, 2015; average grade of 1.01 cpt (+0.85 mm) from 3.99 million tonnes of rock).

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084.

 

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. Three main diamondiferous kimberlite dikes have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne, the Kahuna, PST and Notch. 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 kimberlites through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

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.