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Greenflag Ventures Inc. V.DVV



TSXV:DVV - Post by User

Bullboard Posts
Post by info-checkon Feb 28, 2005 9:39am
39 Views
Post# 8667410

DVV

DVVDunsmuir commences drilling on North West Lake, Michigan - February 25, 2005 4:00PM ET Dunsmuir Ventures Ltd. ("Dunsmuir") announces the immediate commencement of a diamond drill program at its North West Lake project in northern Michigan. North West Lake is located in Marquette County within Michigan's Upper Peninsular and consists of a strong coincident airborne magnetic and gravity anomaly identified by BHP Minerals International Explorations Inc. ("BHP Minerals") during a regional airborne survey for base metals. The area is underlain by undivided Precambrian granitic and gneissic rocks, and is located approximately 30 km south of Kennecott's recent Eagle Ni-Cu discovery. Eagle contains an estimated 5Mt (at) 3.7% Ni and 3.1% Cu and is also reported to be a coincident magnetic and gravity anomaly. Dunsmuir is earning a 51% interest in the North West Lake property from BHP Minerals by spending US$640,000 by January 17, 2006, of which US$160,000 must be spent by April 17, 2005. Under the terms of the agreement, once Dunsmuir spends US$640,000 on the property, BHP Minerals has certain staged back-in options, which if all exercised, would leave Dunsmuir with a 30% carried interest through production on the property. Dunsmuir has obtained the necessary governmental approvals to allow for a short drill program to test this easily accessible geophysical anomaly. Drilling should be complete by mid-March 2005 and assay results will be reported at the completion of the programme. This press release was prepared by Art Ettlinger, P.Geo, a Qualified Person in compliance with National Instrument 43-101. ON BEHALF OF THE BOARD OF DUNSMUIR VENTURES LTD. "Alan Carter" ALAN CARTER President E-mail: alancarter(at)dunsmuirventures.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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