Dunnedin Reports KH10-11 Results, Focuses Pipe Exploration & Retains Diamond Experts to Advance High Grade Kimberlite Dikes
Dunnedin Reports KH10-11 Results, Focuses Pipe
Exploration & Retains Diamond Experts to Advance High
Grade Kimberlite Dikes
Dunnedin to Host a Webinar on Monday December 17th @ 11:00am
PST/2:00pm EST
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2018) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or
"Dunnedin") today announced diamond recovery results from kimberlite pipe KH10-11 and plans to advance its diamond assets
at its 100% owned Kahuna Diamond Project in Nunavut, Canada ("Kahuna").
Highlights include:
Kimberlite pipe KH10-11 is confirmed to be diamondiferous but low grade
Dunnedin's advisor Dr. Chuck Fipke recommends focussing pipe exploration efforts on the Josephine Target Area ("JTA")
during 2019 and is prioritizing targets for drilling
The Company reports significant extensions to the strike length of its high-grade diamond dikes
Industry-leading kimberlite dike experts have been retained to advise on the expansion of the existing high-grade diamond
resources and the advancement of other proven diamondiferous dikes
K10-
11
Kimberlite Pipe
& Focus of Future Kimberlite Pipe Exploration
Kimberlite pipe KH10-11 was identified during a geophysical data review in early 2018 and drilled during the summer program
using rotary air-blast ("RAB") drilling. A representative 152.8-kilogram composite from hole 18-RAB-032 was selected between
12.2 and 109.7 metres depth and sent to CF Mineral Research Ltd. ("CFM") in Kelowna, British Columbia for analysis.
Processing returned one diamond in the 0.212 - 0.300 mm sieve fraction. Results confirm the pipe is diamondiferous but likely
low grade and further sample processing is not warranted at this time. Details of the drilling at KH10-11 and a map are in the
Company's news release dated July 19, 2018.
The indicator mineral population recovered from KH10-11 differs from the abundant high-quality diamond indicator minerals
("DIM") present in the JTA. Superior DIM chemistry and dispersion at the JTA continue to highlight this as the most prospective
area on the Kahuna property to host significantly diamondiferous pipes with the potential to host large diamonds.
Dr. Charles (Chuck) Fipke, Dunnedin's advisor and discoverer of Canada's first diamond mine at Ekati commented, "The
abundance and quality of diamond indicator minerals in the Josephine Target Area is exceptional and we have also observed
rare indicator mineral chemistry that is associated with large diamonds at producing diamond mines.
The source of these
indicator minerals is as yet undiscovered and this bodes well for a potential discovery.
I will continue assisting the Dunnedin
team with the exploration and target identification."
The Company is currently processing 109 high priority till samples collected this fall under Dr. Fipke's direction in the JTA.
Dunnedin's maiden drill program in 2018 tested only a small number of targets in this high-priority area. Once an up-ice "cut-off"
for DIM counts in the JTA is determined, further targets consistent with kimberlite pipes will be drilled.
Kimberlite
Dike Extensions
As part of the 2018 exploration at Kahuna, Dunnedin carried out several ground geophysical surveys over known diamond-
bearing dikes. Approximately 173-line kilometres in eight grids were surveyed using a combination of Very Low Frequency
("VLF") electromagnetics, OhmMapper capacitive-coupled resistivity and magnetic methods. The VLF and OhmMapper surveys
were very successful at imaging and extending the strike extent of the kimberlite dikes targeted (see Figure 1).
Figure 1: Ground Geophysical
Extensions
at KD-24 and PST Dikes
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3803/41640_82548fd6f4890b5c_002full.jpg
Drilling at KD-24 in April 2018 extended the strike length of this dike to 225 metres. A subsequent VLF survey at KD-24
suggests a strike length of at least one kilometer, and that KD-24 may represent an offset southern extension of the Notch
kimberlite, which is included in Dunnedin's maiden inferred resource. At PST, drilling in 2018 extended the strike of this dike to
350 metres. Similarly, an OhmMapper survey and previous mag surveys at PST infer a geophysical response of at least 500
metres. Both the KD-24 and PST dikes remain open along strike and down dip. Both of these highly diamondiferous kimberlites
present upside over and above Dunnedin's inferred resources and are compelling targets for further drilling. Other known
diamondiferous dikes include KD-13, KD-14, KD-16, Killiq and Jigsaw (see Figure 2). In total approximately 20 kilometres of
kimberlite dikes have been defined at Kahuna through drilling and geophysics to date. These occur within a property-wide
network of linear structures that may contain additional kimberlite occurrences but remains largely untested.
SRK
Kimberlite Dike
Study
Dunnedin has engaged SRK Consulting to develop options for expanding and progressing the existing inferred diamond
resource on the Kahuna and Notch dikes, as well as incorporating the numerous other proven diamondiferous dikes on the
Kahuna property. SRK will initiate the process by completing a high-level assessment of the geology, mineral resource model
and conceptual mining methods of the diamond-bearing kimberlite dikes on the Kahuna Property.
Casey Hetman, P.Geo., Corporate Consultant at SRK said, "SRK has been providing industry-leading expertise in diamond
geology, resource development and mining solutions to companies around the world. Our involvement in kimberlite dike hosted
deposits globally and throughout Africa give us unique insight into what it takes to develop these into successful mines.
Dunnedin has an opportunity to expand on its maiden resource and their project has all the right initial hallmarks to indicate that
further staged evaluation work is warranted. We are looking forward to assisting Dunnedin to unlock the full potential of the
diamond-bearing dikes at the Kahuna Project."
Figure 2:
Diamond Bearing
D
ikes
(labelled)
on the Kahuna Property
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3803/41640_82548fd6f4890b5c_003full.jpg
Webinar
Dunnedin will host a webinar to discuss the Company's recent news and future exploration plans. The webinar will take place on
Monday, December 17
th
at 11:00am PST/2:00pm EST. Management will be available to answer questions following the
presentation. Online access and dial-in numbers are as follows:
Readytalk Platform (access at the time of event):
*
http://www.readytalk.com/join
*
Access code: 5147677
Dial-In Numbers:
*
Canada: +1-647-722-6839
*
United States: +1-303-248-0285
*
Access Code: 5147677
A replay of the webinar will be posted on Dunnedin's website at
https://dunnedinventures.com/media/
the following day.
Technical Data - QA/QC
Diamond results reported herein are from RAB holes drilled during the summer of 2018. RAB samples were shipped to the CF
Mineral Research Ltd. ("CFM") laboratory in Kelowna, BC for processing and caustic fusion analysis. The material was treated
through an autogenous mill-fusion circuit with a lower size cut-off of 0.106 mm. Unlike other microdiamond recovery methods, the
circuit can recover nearly all diamonds present in a kimberlite to a predetermined cut-off size, along with associated indicator
minerals. Quality assurance protocols include industry standard chain of custody and security procedures during sampling and
transport. CFM operates using reference standards, internal quality assurance protocols, security and operating procedures for
processing, recovery and reporting of diamond results. The CFM laboratory is accredited and audited for international quality
standards through the International Organization for Standardization/International Electrotechnical Commission (ISO/IEC)
17025:2005, which includes ISO 9001:2015 specifications.
Jeff Ward, P.Geo, Vice President Exploration and a Qualified Person under National Instrument 43-101, has reviewed and
approved the technical information contained in this release.
For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360 or
.
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 focused on its 100% owned, advanced-stage Kahuna Diamond Project in Nunavut which
hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets.
The Company holds
diamond interests in 1,664 km
2
of mineral tenure located 26 kilometres northeast of Rankin Inlet and adjacent to Agnico Eagle's
Meliadine gold mine.
The Kahuna Diamond Project has an Inferred Resource Estimate of 3,987,000 tonnes at an average
grade of 1.01 carats per tonne, totalling over 4 million carats of diamonds (+0.85 mm) (see news release dated March 31,
2015). Dunnedin's drilling is aimed at the discovery of diamondiferous kimberlite pipes, and the Company is working with
advisor and largest shareholder Dr. Chuck Fipke to define and prioritize drill targets based on an extensive historic data set, and
diamonds and indicator minerals recovered from a series of kimberlite and till samples over four seasons of field work.
Dunnedin also holds a 100% interest in the Trapper Porphyry Project in the northern "Golden Triangle" region of British
Columbia, and the MPD Project in south-central British Columbia near Princeton. The Trapper and MPD Projects are
interpreted to overlie
gold-rich copper porphyry systems having surface geochemical, geophysical and regional alteration
signatures of considerable size. Based in Vancouver, Dunnedin is backed by a world-renowned team of exploration experts with
decades of combined exploration experience and significant capital market strength.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which
are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements".
Forward-looking
statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar
expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the
Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual
results to differ materially from those indicated in the forward-looking statements.
Accordingly, readers should not place
undue reliance on forward-looking statements.
Forward-looking statements contained herein are made as of the date of this
news release and
the Company
disclaims any obligation
to update any forward-looking statements, except as
required by
applicable securities laws.