Dunnedin Provides Update, Reports New Pipe Targets to Be Drilled at Kahuna
DUNNEDIN VENTURES INC.
Suite 1110, 1111 West Georgia Street
Vancouver, BC V6E 4M3
Tel: 778.327.5799 / Fax: 778.327.6675
For Immediate Release TSX-V: DVI
DUNNEDIN PROVIDES UPDATE, REPORTS NEW PIPE TARGETS TO BE DRILLED AT KAHUNA
August 24, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin")
(TSX-V: DVI) today provided an update on diamond exploration and permitting progress.
The Company has focused on a priority region of high quality D iamond Indicator Minerals (“DIMs”)
correlated to a number of geophysical targets consistent with kimberlite pipes, as shown on Figure 1. Three
of these targets have been “boxed” by till sampling and are drill-ready, as DIM concentrations have
been found down-ice from the targets, but not up-ice with respect to glacial transport. Elsewhere on the
project, field crews have also identified a pipe or “dyke -blow” target along strike of a proven
diamond-bearing kimberlite dyke. Drilling of these targets is planned for winter 2017-2018.
Dunnedin further reports that all required land use, water use and access permits have now been received
from local, territorial and federal governments to allow a winter drill program. The Company is sufficiently
funded to execute the planned drilling.
New Cluster of Kimberlite Pipe Targets
A priority area of interest is located east of the Kahuna kimberlite dyke and is notable for having:
3 drill-ready kimberlite pipe targets that have sourced high quality DIMs in tills, including
clinopyroxenes with chemical signatures associated with large diamonds recovered from diamond-
producing mines
19 additional high priority DIM occurrences observed by Dunnedin to-date that are currently being
assessed by field crews,
More than 30 geophysically suggested kimberlite pipe targets within a 5 kilometre radius, and
10 historically drill-confirmed kimberlite pipes
While the area was also historically explored, none of the new targets specifically defined by Dunnedin
have been drilled. Dunnedin’s exploration methods differ from historical techniques by employing
proprietary DIM classification filters developed by the Company’s advisor Dr. Charles Fipke , and used
during the original Canadian diamond discovery at Ekati. These filters highlight diamond -bearing
kimberlites as priority targets, and allow the Company to avoid kimberlites with low diamond potential.
The Company has also engaged in3D Geoscience Inc. to model the three -dimensional shape of the
kimberlite targets using the Company’s extensive geophysical database, and will use results to assist with
planning of individual drill holes.
Figure 1: DIM results and kimberlite pipe targets east of the Kahuna dyke. Higher DIM rankings on this
image are provided by a combination of higher DIM counts per till sample, quality of DIM chemistry, and
assessed distance to potential bedrock source. The area contains both drill-ready targets and additional
targets now being assessed by field crews.
Exploration Update and Additional Targets
Field crews have been actively exploring the project since June of 2017. Results to-date include mapping
of the surface expressions of possible kimberlite pipes in areas that have sourced diamonds and/or DIMs.
An example of a new pipe -type target is provided in Figure 2 . The “Jigsaw” kimberlite dyke was bulk
sampled in 2006 and returned 2.53 carats of commercial-sized diamonds (+0.85mm) from a 5.15 tonne bulk
sample, for a sample grade of 0.49 carats per tonne. Field crews have identified a prominent circular
topographic depression adjacent to the area of historical sampling that will also be drill tested this winter.
Processing is also now over 90% complete on a series of 1,111 till samples collected in summer 2016 that
are being analyzed at C.F. Mineral Research Ltd. of Kelowna, B.C. Results will continue to be released as
received and analyzed.
Figure 2: Potential kimberlite pipe target identified for follow-up drilling. Circular topographic
depression measures approximately 100m across, and may be a “dyke-blow”.
Based on the strength of results to-date, Dunnedin has expanded the scope of its ongoing till sampling
program and is collecting approximately 3,500 till samples from across a 1,000 square kilometre area , in
order to test a number of new targets and new areas of the project that were staked in late 2016.
Details of the upcoming drill program and any further drill targets will be provided when final till
sampling results from the 2016 program are received, which are expected in September.
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
Diamond-bearing kimberlite
dyke (0.49 cpt sample grade
+0.85 mm)
Pipe or dyke-blow target to be
drilled by Dunnedin
Chief Executive Officer
About the Kahuna Project
Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent
interest. Kahuna is an advan ced stage high grade diamond project located near Rankin Inlet, Nunavut.
Dunnedin is now recovering diamonds and indicator minerals from a series of kimberli te and till samples
collected from two seasons of field work. An Inferred Resource released by Du nnedin 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, and remains open
to extension. The larg est 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 2.03 tonne sample of the PST kimberlite
dike which returned 223 macrodiamonds totalling 8.17 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 a djacent to the development-stage Meliadine gold project of Agnico Eagle
Mines Ltd. and has generated gold results in tills, bedrock and drill core across a wide area. Gold is
associated with several metasediment belts that cross the project. The adjacent Meliadine project is also
hosted by metasediments and 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 concern ing 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 unce rtainties that could cause actual results to
differ materially from those indicated in the forward-looking statements.