(TheNewswire)
September 14, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc.
(the "Company" or "Dunnedin") (TSX-V: DVI) today announced that it has expanded the Kahuna project through staking of an additional
36 claims totaling 42,128 Ha. The total area of the Kahuna project is now 166,402 Ha, or 1,664
square kilometres. The new claims are prospective for both gold and diamonds.
The summer field program has been extended to survey the newly staked ground and geological mapping, bedrock
and till sampling are underway. The new claims cover extensions to greenstone belts containing banded iron formations that
have been mapped by field crews, and are known from historical work to contain gold mineralization. Some of the new claims
also cover probable up-ice sources of recently disclosed diamond indicator minerals found in tills, and geophysical targets
consistent with kimberlite pipes. The new boundaries of the Kahuna project are shown below in Figure 1.
Figure 1 : Expanded boundaries of the Kahuna project, September 2017.
Click Image To View Full Size
The Company further reports that is has begun mobilizing fuel and other materials for its planned winter drill
program and is currently seeking drill bids. Furthermore, all outstanding diamond-focused till results from its 2016 sampling
program have now been received, and results will be released as soon as analysis is completed.
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
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 advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now
recovering diamonds and indicator minerals from a series of kimberlite and till samples collected from two seasons of field work.
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, and
remains open to extension. 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 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 adjacent 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 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.
Copyright (c) 2017 TheNewswire - All rights reserved.