Dunnedin Defines Potential Diamond Source Target Area at Kahuna Project, Nunavut
Dunnedin Defines Potential Diamond Source Target Area
at Kahuna Project, Nunavut
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2019) - Dunnedin Ventures Inc. (TSXV: DVI)
(the "Company" or
"Dunnedin") today announced results from 109 till samples collected in the Josephine Target Area (JTA) during the fall of 2018.
Results have defined a discrete target area for potential diamond sources of 3 km
2
at the head of the JTA, a trend of abundant
high-quality diamond indicator minerals (DIM) for which no source is known yet. Although the focus of Dunnedin's near-term
exploration plans will be on its recently expanded portfolio of large-scale copper porphyry projects in Canada and the USA (see
news releases of November 29, 2018 and March 4, 2019), the Company's next diamond-focused exploration campaign will be
aimed at the discovery of kimberlite pipes within this newly defined area.
The Company collected approximately 750 till samples in the JTA in the fall of 2018, of which 109 priority samples have been
analysed by CF Mineral Research Ltd. ("CFM") laboratory in Kelowna, BC.
Superior DIM chemistry in these recent results
confirms that the JTA is the most prospective area on the Kahuna property to host significantly diamondiferous kimberlite (see
Figure 1
). A summary of these select till results are as follows:
Ranked results from 109 priority samples have constrained the source of DIMs to a 3 km
2
area at the northwest up-ice end
of the JTA
The discreet trend of abundant of high-quality DIMs in the JTA have led to a target area with no known diamond sources
yet
Individual sites having unique DIM abundance and chemistry, but internal to the JTA trend, are also considered priority
targets
Geophysical targeting will focus on pipe-like signatures and untested geophysical responses identified to date
Priority targets will be tested with core drilling with program and budget to be determined in early 2019
"The Josephine Target Area is the most intriguing and prospective area on the Kahuna project," said Claudia Tornquist,
President of Dunnedin. "We believe it has exceptional potential for the discovery of one or several large diamond sources. With
the help of our advisor, diamond expert Dr. Chuck Fipke, we have systematically analysed a large number of samples across
our property over the course of four years to vector in on new diamond-bearing kimberlites. Last year's exploration program and
this latest batch of samples was a big step forward as we now have narrowed down our search for new diamond-bearing
kimberlites to a small area of only 1,500 m by 2,250 metres. We are pleased that the recent sample results show a clear cut-off
of the indicator mineral train, signifying that we are now close to the one or more diamond sources. The next step will be to
define discreet drill pipe-like targets for our next exploration program."
Figure 1: Josephine Target Area, Kahuna Diamond Project, Nunavut, Canada
To view an enhanced version of
Figure 1
, please visit:
https://orders.newsfilecorp.com/files/3803/43508_c50a119644488a59_002full.jpg
QA/QC
Till samples collected on the Kahuna property are shipped to the CF Mineral Research Ltd. ("CFM") laboratory in Kelowna, BC
for processing and analysis. Using a scanning electron microprobe ("SEM"), CFM employs proprietary mineral chemistry filters
and classification criteria to determine diamond indicator minerals ("DIM"), which distinguish indicator minerals that formed with
diamonds from those just associated with kimberlite host rocks ("KIM"). Sample sites are subsequently ranked from 1 (low
priority) to 10 (high priority) based on both the quantity and quality of DIMs and quantity of KIMs in each sample. CFM operates
using reference standards, internal quality assurance protocols, security and operating procedures for processing, recovery and
reporting of results. The CFM laboratory is accredited and audited for international quality standards through the International
Organization for Standardization/International Electrotechnical Commission (ISO/IEC) 17025:2005, which includes ISO
9001:2015 specifications.
Jeff Ward, P.Geo, Vice President Exploration and a Qualified Person under National Instrument 43-101, has reviewed and
approved the technical information contained in this release.
For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360 or
.
On behalf of the Board of Directors
Dunnedin Ventures Inc.
Chris Taylor
Chief Executive Officer
Claudia Tornquist
President
About Dunnedin Ventures Inc.
Dunnedin Ventures Inc. (TSXV: DVI) is advancing its 100% owned Kahuna Diamond Project in Nunavut, and copper porphyry
projects in British Columbia and Arizona, USA.
The Kahuna Project hosts a high-grade, near surface inferred diamond resource
and numerous kimberlite targets. The Company is working with its advisor and largest shareholder Dr. Chuck Fipke to define
and prioritize drill targets based on an extensive historic data set, and diamonds and indicator minerals recovered from a series
of kimberlite and till samples collected by Dunnedin over four seasons of field work.
Dunnedin also holds 100% interests in the Trapper Porphyry Project in the northern Golden Triangle region of British Columbia,
and the MPD Project in south-central British Columbia near Princeton. The Trapper and MPD Projects are interpreted to overlie
gold-rich copper porphyry systems having surface geochemical, geophysical and regional alteration signatures of considerable
size. In March 2019, Dunnedin entered into a letter of intent to acquire 100% of the Mohave copper-molybdenum-silver porphyry
project in Yavapai County, Arizona, USA.
Based in Vancouver, Dunnedin is part of the Discovery Group of companies led by John Robins, a mining entrepreneur who
founded and chaired of Kaminak Gold which Goldcorp acquired for $520 million . Dunnedin's management team has significant
capital market strength and is backed by an experienced team of exploration experts with a track record of discovery.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which
are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements".
Forward-looking
statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar
expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the
Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual
results to differ materially from those indicated in the forward-looking statements. Accordingly, readers should not place
undue reliance on forward-looking statements.
Forward-looking statements contained herein are made as of the date of this
news release and the Company disclaims any obligation to update any forward-looking statements, except as required by
applicable securities laws.
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