Vancouver, British Columbia--(Newsfile Corp. - March 29, 2018) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company") today
reports its drill plans and announces the commencement of its 2018 exploration program. Drill crews and equipment have been
mobilized and preparations are under way to commence drilling of high—priority kimberlite targets at its 100% owned Kahuna project,
Nunavut. Drilling is expected to begin near the end of March and will continue through April as conditions permit.
A total of 17 high-priority targets have been identified for drill testing in the winter of 2018. Most targets are pipe-like
geophysical signatures associated with diamond indicator mineral chemistry occurring down-ice. In addition, drilling will
investigate untested "blows", or potentially wide sections along known high-grade diamond bearing kimberlite dikes. In order to
ground-truth and delineate the drill targets, ground geophysical surveying using magnetic and OhmMapper electric-resistivity
methods are currently being undertaken.
Chris Taylor, Dunnedin's CEO stated, "We have observed excellent indicator mineral chemistry that is associated with diamonds at
producing mines in till samples collected down-ice from our new drill targets. In many locations the known diamond-bearing
kimberlite dikes are unlikely to be the source of this chemistry, and the potential to identify new diamond-bearing kimberlites is
high in these areas."
Claudia Tornquist, Dunnedin's President said, "This drill program is the culmination of three years of field work and the
analysis of an extensive historic data set. We are fortunate to count Dr. Charles (Chuck) Fipke as our advisor whose expertise in
prioritizing the most prospective drill targets is second to none. Our world-class exploration team benefits from many years of
experience in Nunavut, and I am confident we have all the pieces in place to make this drill program a success."
The 2018 winter drill targets occur in six priority clusters on the Kahuna Property and are presented as Figure 1a and 1b below.
The Company's extensive historic geophysical database was used to model target areas three dimensionally and several targets
demonstrate significant depth extent below 200 metres. An example of geophysical compilation and modelling on high priority target
KH009-01 is provided as Figure 2.
Dunnedin will utilize a Rotary Air Blast ("RAB") rig to economically test the maximum number of targets during this maiden drill
program. The drilling is expected to reach depths of 50 to 75 metres, with the goal of collecting up to 250 kilograms of material
from each new kimberlite. The material will be analyzed for microdiamond content and results are expected in late Q2 2018.
Kimberlites that prove to be significantly diamondiferous will be further tested on future programs to determine size and to obtain
mini-bulk samples. In addition, the Company continues to complete indicator mineral recovery, analysis and ranking from a remaining
733 priority till samples collected on the Kahuna property in 2017. Results will further delineate the six priority areas on the
property (see February 22, 2018 news release).
Figure 1a: Winter 2018 Drill Targets — South Boundary Area
To view an enhanced version of Figure 1a, please visit:
https://orders.newsfilecorp.com/files/3803/33759_a1522290825474_47.jpg
Figure 1b: Winter 2018 Drill Targets — Josephine Area
To view an enhanced version of Figure 1b, please visit:
https://orders.newsfilecorp.com/files/3803/33759_a1522290825599_68.jpg
Figure 2: Geophysical Compilation of Kimberlite Target KH009-01
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3803/33759_a1522290825708_73.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. Processed heavy mineral concentrates are picked for kimberlite indicator minerals ("KIM") and high
probability kimberlitic grains are selected and probed by scanning electron microprobe ("SEM") for constituent chemistry, providing
definitive mineral identification. 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. 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. This discrimination using proprietary CFM classifications and rankings
allow the Company to potentially differentiate diamond-bearing kimberlite sources from those which are not.
CFM operates using reference standards, quality assurance protocols, security and operating procedures for processing, recovery
and reporting of kimberlite indicator minerals. 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 Knox Henderson, Investor Relations, at 604-551-2360 or khenderson@dunnedinventures.com.
On behalf of the Board of Directors
Dunnedin Ventures Inc.
Chris Taylor
Chief Executive Officer
About the Kahuna Project
Dunnedin Ventures Inc., (TSX-V: DVI) is a Vancouver-based company whose primary asset is the 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 interest in 1,664 km2 of mineral tenure located 26 kilometers northeast of Rankin
Inlet and adjacent to Agnico Eagle's Meliadine gold mine. To define and prioritize kimberlite pipe targets Dunnedin has
evaluated an extensive historic data set and recovered diamonds and indicator minerals from a series of kimberlite and till samples
over three seasons of field work. Working with advisor and shareholder Dr. Chuck Fipke, the Company has used the same till sampling
and mineral screening protocols employed during Dr. Fipke's discovery of Canada's first diamond mine at Ekati, N.W.T., but improved
by over 20 years of additional diamond data and experience. 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). The largest diamond recovered from the property to date is 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. Dunnedin is backed by a world-renowned team of diamond experts with decades of
combined experience in Arctic exploration and capital markets 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.
