Dunnedin Ventures Inc.

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Dunnedin Ventures Inc. (TSX.V:DVI) is an exploration company based out of Vancouver, BC. Our main focus is the 100% owned, advanced stage Kahuna Diamond Project in Nunavut, Canada.

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Dunnedin Ventures Inc.

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Dunnedin Ventures Inc. (TSX.V:DVI) is an exploration company based out of Vancouver, BC. Our main focus is the 100% o......

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8020 Admin

1 day ago

8020 Admin posted a press release InvestmentPitch Media Video Discusses Dunnedin Ventures' 2019 Exploration Program at its MPD Copper-Gold Porphyry Project in Southern Central British Columbia - Video Available on Investmentpitch.com in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (FSE: 5DD) (OTC: OCPFF) has started its 2019 exploration program at its MPD Copper-Gold Porphyry Project in Southern Central British Columbia. The large, 78.5 square kilometer, 100% owned project has never been explored as single project with modern methods. In preparation for upcoming drilling, the company has mobilized field crews to the property for mapping, sampling and prospecting work.


For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Dunnedin" in the search box.




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Claudia Tornquist, President and CEO, stated: "These are pivotal times at Dunnedin as we embark on programs to advance our copper gold assets, starting with this inaugural program at MPD, followed by work at Trapper and Mohave later in 2019. MPD has many attributes that could drive significant returns for our shareholders, not least its location just off the highways 5A and 97C and proximity to infrastructure in an established mining area in Southern British Columbia. We are also excited about the project's large footprint and its promising historic exploration results, which clearly show the potential for a major copper-gold porphyry system."


The recently consolidated MPD Project land package is ideally positioned in the Quesnel Trough, a producing copper-gold porphyry belt, that hosts several world-class mines. The project's Nicola Belt geology has many similar characteristics to nearby alkalic porphyry systems at the Copper Mountain Mine to the south, and New Gold's New Afton Mine to the north.


In preparation for drilling at MPD, work has commenced to survey previous drill holes and trench sites, tie-in historic exploration data, prospect new areas of interest and confirm access for proposed drill sites. As part of this work, historic surface trenches from 1980 and earlier are being resampled by hand-trenching to substantiate mineralization and determine geological geochemical controls within key target areas. In addition, soil geochemical surveys are being carried out to augment and in-fill geochemical anomalies identified in historic surveys, with results for this preliminary work to be reported in August as received.


Historic work has identified numerous copper showings across a large, 10 square kilometer area at MPD. Copper and gold mineralization on the property extends from surface, with early historic drilling rarely testing below 200 metres vertical depth. Several historic holes that exceeded 200 metres indicate significant depth and size potential for porphyry related mineralization.


Large untested copper and gold-in-soil anomalies equally represent new near-term drill targets for 2019. Dunnedin has applied for a multi-year area-based Exploration Permit with the British Columbia Ministry of Energy, Mines and Petroleum Resources requesting authorizations allowing up to 18 drill pads and up to 10 mechanical trenching sites in 2019 and 2020.


Dunnedin is advancing other copper porphyry projects in Canada and the USA, including the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, and the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.


The company's advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets.


For more information, please visit the company's website at www.DunnedinVentures.com, contact Knox Henderson, Investor Relations, at 604-551-2360 or by email at khenderson@DunnedinVentures.com.


About InvestmentPitch Media


Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.


CONTACT:


InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46744

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8020 Admin

7 days ago

8020 Admin posted a press release Dunnedin Commences Exploration at MPD Copper-Gold Porphyry Project in British Columbia in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - August 1, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") announces the commencement of the 2019 exploration program at its 100% owned MPD Copper-Gold Porphyry Project in Southern Central British Columbia. In preparation for upcoming drilling, the Company has mobilized field crews to the property for mapping, sampling and prospecting work.


Claudia Tornquist, President and CEO of Dunnedin said, "These are pivotal times at Dunnedin as we embark on programs to advance our copper gold assets, starting with this inaugural program at MPD, followed by work at Trapper and Mohave later in 2019. MPD has many attributes that could drive significant returns for our shareholders, not least its location just off the highways 5A and 97C and proximity to infrastructure in an established mining area in Southern British Columbia. We are also excited about the project's large footprint and its promising historic exploration results, which clearly show the potential for a major copper-gold porphyry system."


MPD Exploration


The recently consolidated 78.5 square kilometre MPD Project land package (historically called Man, Prime and Dillard, Figure 1) is ideally positioned in the Quesnel Trough, a producing copper-gold porphyry belt, that hosts several world-class mines. The project's Nicola Belt geology has many similar characteristics to nearby alkalic porphyry systems at the Copper Mountain Mine to the south, and New Gold's New Afton Mine to the north.


In preparation for drilling at MPD, work has commenced to survey previous drill holes and trench sites, tie-in historic exploration data, prospect new areas of interest and confirm access for proposed drill sites. As part of this work, historic surface trenches from 1980 and earlier are being resampled by hand-trenching to substantiate mineralization and determine geological-geochemical controls within key target areas. In addition, soil geochemical surveys are being carried out to augment and in-fill geochemical anomalies identified in historic surveys. Results for this preliminary work will be reported in August as received.


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Figure 1 - Location


To view an enhanced version of Figure 1, please visit:
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Historic work has identified numerous copper showings across a large, 10 square kilometre area at MPD. Copper and gold mineralization on the property extends from surface, with early historic drilling rarely testing below 200 metres vertical depth. Several historic holes that exceeded 200 metres indicate significant depth and size potential for porphyry related mineralization. Large untested copper and gold-in-soil anomalies equally represent new near-term drill targets for 2019.


MPD Permitting


Dunnedin has applied for a multi-year area-based Exploration Permit with the British Columbia Ministry of Energy, Mines and Petroleum Resources requesting authorizations allowing up to 18 drill pads and up to 10 mechanical trenching sites in 2019 and 2020. Prior to submission of the application, the Company consulted with, and engaged the Upper Similkameen Indian Band to conduct an in-field assessment of proposed work sites. A report provided to the Company in late May determined there was low to nil archeological potential or risk for the work proposed. Dunnedin's application is currently being advanced through the review process by regulators. The Company expects to commence drilling immediately upon receipt of the permit.


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 khenderson@dunnedinventures.com.


On behalf of the Board of Directors
Dunnedin Ventures Inc.


Claudia Tornquist
President & CEO


About Dunnedin Ventures Inc.


Dunnedin Ventures is advancing copper porphyry projects in Canada and the USA; and the Kahuna diamond project in Nunavut, Canada. Dunnedin's porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. They include the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia and the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.


The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin holds diamond interests in 1,664 km2 of mineral tenure located 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle's Meliadine gold mine. Dunnedin's exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.


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. Dunnedin is part of the Discovery Group of companies led by John Robins, one of the most successful mining entrepreneurs in Canada.


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.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46687

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8020 Admin

1 month ago

8020 Admin posted a press release Dunnedin Extends Warrant Expiry Dates in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - June 26, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") announces that it will extend the expiry dates of 8,957,000outstanding Dunnedin warrants (the "Warrants") by two years as detailed below (Table 1). Approval from the TSX Venture Exchange has been received. The Warrants were originally issued on July 17, 2017 in connection with a private placement of units of the Company (see news releases dated June 20, 2017 and July 20, 2017).


Subsequent to the issue of the Warrants, the Company spun out Solstice Gold Corp ("Solstice") through a statutory plan of arrangement (the "Arrangement") and each Dunnedin warrant held as of the record date of the Arrangement was deemed to have been exchanged for a fully-vested Dunnedin replacement warrant and one-third of one fully-vested Solstice warrant. The exercise prices for the Dunnedin replacement warrants have been adjusted to account for the Arrangement (see news releases dated January 31, 2018 and June 4, 2018). The Warrants continue to be exercisable at their adjusted exercise price and all other terms of the Warrants will remain the same.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=DVI%3ACC&qmodStoryID=7995520961581773 

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8020 Admin

3 months ago

8020 Admin posted a press release Dunnedin Closes Acquisition of the Mohave Copper Porphyry Project in Arizona, USA in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - May 22, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced that it has closed the acquisition of 100% of the Mohave copper-molybdenum-silver porphyry project ("Mohave") in Mohave County, Arizona, USA, from Bluestone Resources Inc. ("Bluestone"). For details of the transaction see Dunnedin's news release of March 4, 2019.


Claudia Tornquist, President of Dunnedin, said, "We are thrilled to close this acquisition which expands Dunnedin's copper portfolio to three advanced stage porphyry projects in North America. At Mohave we will benefit from the excellent work done by the previous operator Bluestone from whom we inherited a comprehensive suite of high-quality exploration data. In 2011 Bluestone drilled 11 core holes and reported anomalous mineralization over significant intervals in all holes. The work to date strongly indicates that there is a large system of porphyry style Cu-Mo-Ag mineralization present at Mohave and we have a number of promising targets which we intend to follow-up on in the fall, after we complete the summer exploration programs on our Canadian porphyry projects MPD and Trapper."


Mohave Project Summary


Mohave is a 10 km2 property located in the prolific mineral producing Basin and Range Province of Arizona and 33 kilometres west of Freeport McMoran's Bagdad copper porphyry mine. The project is ideally situated just west of Highway 93 which links Las Vegas and Phoenix (Figure 1).


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Figure 1 - Location

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Limited exploration at Mohave to date (26 drill holes since 1960's) clearly indicates the potential to discover a sizeable porphyry style copper-molybdenum-silver (Cu-Mo-Ag) deposit. Historic geological, geochemical and geophysical data shows the project has many hallmarks of a silica-rich calc‐alkalic porphyry system:



  • Cu-Mo-Ag geochemical anomalies and structural controls are associated with Laramide intrusions, analogous to those described at Bagdad

  • Multiple and complex Cu-Mo-Ag emplacement is related to lithological and structural events (breccias, hydrothermal veining/stockwork) with younger Mo-Ag and Pb-Zn-Ag overprints

  • Examples of reported historic values include 0.49% Cu over 59.4 m, 0.2% Cu, 0.011% Mo, and 2.35 g/mt Ag over 65.8 m and 0.3% Cu, 0.01% Mo, and 2.54 g/mt Ag over 70.7 m

  • A broad Induced Polarization (IP)/chargeability anomaly 4 km long and 3 km wide, bounded by semi‐circular structure/faults and coinciding with strong Cu-Mo and Ag rock and soil geochemical anomalies

  • Presence of supergene oxidation of a quartz vein pyrite‐chalcopyrite hypogene sulfide system

  • Typical concentric alteration pattern and assemblages consistent with potassic, intermediate argillic, phyllic and propylitic horizontal and vertical zonation


Recent comprehensive work by the previous operator Bluestone provides Dunnedin with a solid framework from which to resume exploration. Bluestone reported favourable mineralization at surface to depths of 390 m from the first drill program in over 20 years (3,500 m in 11 inclined holes in 2011). Bluestone's work also included: IP/magnetic/radiometric ground geophysics, ASTER remote sensing, >1,000 rock and soil geochemical samples, petrography/age dating and detailed lithological-structural-alteration mapping. Many of the datasets demonstrate the distinctive round or "donut-shaped" features typical of porphyry centres (Figures 2).


 


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Figures 2 - Ground magnetics, IP sections, copper geochemistry and molybdenum geochemistry

To view an enhanced version of Figures 2, please visit:
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https://orders.newsfilecorp.com/files/3803/44955_dun6.jpg


Dunnedin's exploration program in 2019 will evaluate historically defined targets, coincident geophysical/geochemical signatures and in particular, numerous anomalies not yet tested by previous drilling.


Disclaimer


Management cautions that Dunnedin has not performed any exploration on the Mohave Project to date. Historic information reported herein was obtained from publicly available and industry related reports. This news release contains historic data that Dunnedin believes to be from reliable sources using industry standards at the time, but the Company has not independently verified, or cannot guarantee, the accuracy of the information disclosed, and readers should use caution in placing reliance on such information. Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Dunnedin has no interest in, or rights to explore or mine any such properties and references to deposits and reserves reported herein are not indicative of deposits or results obtained on the Company's properties.


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 khenderson@dunnedinventures.com.


On behalf of the Board of Directors


Dunnedin Ventures Inc.


Claudia Tornquist
President & CEO


About Dunnedin Ventures Inc.


Dunnedin Ventures is advancing copper porphyry projects in Canada and the USA; and the Kahuna diamond project in Nunavut, Canada. Dunnedin's porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. They include the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia and the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.


The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin holds diamond interests in 1,664 km2 of mineral tenure located 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle's Meliadine gold mine. Dunnedin's exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.


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. Dunnedin is part of the Discovery Group of companies led by John Robins, one of the most successful mining entrepreneurs in Canada.


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.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44955

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8020 Admin

3 months ago

8020 Admin posted a press release Dunnedin Closes Private Placement, Announces Board and Advisor Appointments in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced that it has closed a non-brokered private placement of non flow-through units (each, a "NFT Unit") and flow-through units (each, a "FT Unit") for gross proceeds of $1,482,050 (the "Offering").


The Company has issued 11,458,999 NFT Units at a price of $0.075 per share and 5,534,448 FT Units at a price of $0.1125 per share through the Offering. Each Unit consists of one common share and one-half-of-one common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.15 for a period of twenty-four months. The common share purchase warrants issued as part of the Units are subject to accelerated expiry in the event the common shares of the Company trade on the TSX Venture Exchange at a closing price of $0.25 or more for twenty consecutive trading days.


Claudia Tornquist, President of Dunnedin, said: "Dunnedin's team is looking forward to kicking off a busy exploration season on several fronts, and we are now fully funded for this work. Over the winter months we have expanded our project portfolio through two acquisitions in the copper porphyry space, MPD and Mohave, to add to our existing copper project, Trapper. This means we now have additional opportunities over and above our Kahuna diamond project in Nunavut and are in a position to explore throughout the year. We will start within weeks with an exploration program at the formerly drilled and recently consolidated MPD in southern BC, which we are confident presents an excellent opportunity for discovery."


In connection with the closing of the placement the Company paid finders' fees of $34,496 and issued 451,240 common share purchase warrants exercisable to acquire common shares of the Company (each, a "Finders Warrant") to eligible parties who introduced subscribers to the placement. All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period from the date of issue, expiring on September 2, 2019.


Proceeds of the Offering will be used to fund the Company's exploration program on the MPD copper porphyry project in British Columbia and for general corporate purposes.


Dunnedin is also pleased to report that Patrick McAndless, B.Sc. P.Geo, has joined the Company as Technical Advisor. Patrick is a former Director of Dunnedin Ventures, and an industry awarded explorationist and recognized copper porphyry expert with over 45 years of industry experience and a track record of discovery. He is the recipient of numerous awards, including the prestigious BC and Yukon Chamber of Mines H. H. "Spud" Huestis Award for excellence in prospecting and mineral exploration. The Company has granted Mr. McAndless 50,000 stock options, exercisable at $0.075 per share for five years from the date of issuance.


The Company also announces that Chris Taylor will move from his position as CEO to be Chairman of the board of Dunnedin. Claudia Tornquist will be assuming the role of CEO in addition to the President role. Steven Krause who has been a director of the Company since November 2018 will be appointed as lead independent director.


"I would like to welcome Patrick as a strategic advisor to Dunnedin," said Tornquist. "He is a leading expert in copper porphyry exploration and well connected in the industry. Dunnedin is fortunate to attract an advisor of Patrick's caliber and will benefit greatly from his wealth of experience. The new structure of Dunnedin's board will strengthen the Company as we continue to grow. I am looking forward to working with Chris in his capacity as Chairman where Dunnedin will continue to benefit from his experience and support. I am extremely pleased that Steven has taken on the additional responsibility of lead independent director."


For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360 or khenderson@dunnedinventures.com.


On behalf of the Board of Directors


Dunnedin Ventures Inc.


Claudia Tornquist
President


About Dunnedin Ventures Inc.


Dunnedin Ventures is advancing copper porphyry projects in Canada and the USA; and the Kahuna diamond project in Nunavut, Canada. Dunnedin's porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. They include the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, and the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia. In March 2019, Dunnedin entered into a letter of intent to acquire the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.


The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin holds diamond interests in 1,664 km2 of mineral tenure located 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle's Meliadine gold mine. Dunnedin's exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.


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. Dunnedin is part of the Discovery Group of companies led by John Robins, one of the most successful mining entrepreneurs in Canada.


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.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44388

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8020 Admin

5 months ago

8020 Admin posted a press release Dunnedin Defines Potential Diamond Source Target Area at Kahuna Project, Nunavut in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - March 20, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced results from 109 till samples collected in the Josephine Target Area (JTA) during the fall of 2018. Results have defined a discrete target area for potential diamond sources of 3 km2 at the head of the JTA, a trend of abundant high-quality diamond indicator minerals (DIM) for which no source is known yet. Although the focus of Dunnedin's near-term exploration plans will be on its recently expanded portfolio of large-scale copper porphyry projects in Canada and the USA (see news releases of November 29, 2018 and March 4, 2019), the Company's next diamond-focused exploration campaign will be aimed at the discovery of kimberlite pipes within this newly defined area.


The Company collected approximately 750 till samples in the JTA in the fall of 2018, of which 109 priority samples have been analysed by CF Mineral Research Ltd. ("CFM") laboratory in Kelowna, BC. Superior DIM chemistry in these recent results confirms that the JTA is the most prospective area on the Kahuna property to host significantly diamondiferous kimberlite (see Figure 1). A summary of these select till results are as follows:



  • Ranked results from 109 priority samples have constrained the source of DIMs to a 3 km2 area at the northwest up-ice end of the JTA

  • The discreet trend of abundant of high-quality DIMs in the JTA have led to a target area with no known diamond sources yet

  • Individual sites having unique DIM abundance and chemistry, but internal to the JTA trend, are also considered priority targets

  • Geophysical targeting will focus on pipe-like signatures and untested geophysical responses identified to date

  • Priority targets will be tested with core drilling with program and budget to be determined in early 2019


"The Josephine Target Area is the most intriguing and prospective area on the Kahuna project," said Claudia Tornquist, President of Dunnedin. "We believe it has exceptional potential for the discovery of one or several large diamond sources. With the help of our advisor, diamond expert Dr. Chuck Fipke, we have systematically analysed a large number of samples across our property over the course of four years to vector in on new diamond-bearing kimberlites. Last year's exploration program and this latest batch of samples was a big step forward as we now have narrowed down our search for new diamond-bearing kimberlites to a small area of only 1,500 m by 2,250 metres. We are pleased that the recent sample results show a clear cut-off of the indicator mineral train, signifying that we are now close to the one or more diamond sources. The next step will be to define discreet drill pipe-like targets for our next exploration program."


Figure 1: Josephine Target Area, Kahuna Diamond Project, Nunavut, Canada


 


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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. Using a scanning electron microprobe ("SEM"), 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 ("KIM"). 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. CFM operates using reference standards, internal quality assurance protocols, security and operating procedures for processing, recovery and reporting of 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 khenderson@dunnedinventures.com.


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 advancing its 100% owned Kahuna Diamond Project in Nunavut, and copper porphyry projects in British Columbia and Arizona, USA. The Kahuna Project hosts a high-grade, near surface inferred diamond resource and numerous kimberlite targets. The Company is working with its 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 collected by Dunnedin over four seasons of field work.


Dunnedin also holds 100% interests 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. In March 2019, Dunnedin entered into a letter of intent to acquire 100% of the Mohave copper-molybdenum-silver porphyry project in Yavapai County, Arizona, USA.


Based in Vancouver, Dunnedin is part of the Discovery Group of companies led by John Robins, a mining entrepreneur who founded and chaired of Kaminak Gold which Goldcorp acquired for $520 million . Dunnedin's management team has significant capital market strength and is backed by an experienced team of exploration experts with a track record of discovery.


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.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43508

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8020 Admin

5 months ago

8020 Admin posted a press release Dunnedin Bolsters Copper Porphyry Assets with Acquisition of 100% Interest in Mohave Copper-Molybdenum-Silver Project in Arizona in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2019) -  Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced it has entered into a letter of intent to acquire 100% of the Mohave copper-molybdenum-silver porphyry project ("Mohave") in Yavapai County, Arizona, USA, from Bluestone Resources Inc. The Mohave acquisition represents a strong addition to Dunnedin's copper portfolio in North America which also includes Dunnedin's 100%-owned Trapper and MPD copper porphyry projects in British Columbia, Canada.


Mohave has the potential to host a large-scale copper porphyry deposit with silver and molybdenum credits. Its geology is considered analogous to Freeport McMoran's (NYSE: FCX) Bagdad copper porphyry mine which is located approximately 33 km to the east of Mohave.


"Mohave enhances Dunnedin's copper portfolio with a US-based asset located in a prolific copper mining district," said Claudia Tornquist, President of Dunnedin. "Investor sentiment in the United States favours domestic resource production, thus developing a copper project at Mohave is anticipated to have strong appeal. Mohave is an underexplored property with nearby producing mines and excellent infrastructure. Previous drilling has confirmed porphyry style copper-molybdenum-silver mineralization. Significant copper-in-soil targets have been historically defined and remain untested. With three copper assets in British Columbia and Arizona, Dunnedin will now be able to drill year-round. Our first drill program will be at our MPD Project in Southern British Columbia in early 2019 and we are starting preparatory work immediately for a drill program at Mohave later in in the year."


Mohave Project Highlights



  • Copper porphyry project located in the prolific mineral producing Basin and Range Province of Arizona

  • 10.4 km2 land package, road-accessible and adjacent to Highway 93 which links Las Vegas and Phoenix

  • Geologically and structurally analogous to the Bagdad mine and typified by structures associated with the Lariamide extensional event, like those preferentially mineralized at Bagdad

  • Magnetics define a sizable ring or donut-type feature characteristic of copper porphyry deposits

  • Extensive rock and soil mineralization over a large area of the project with a coincident Induced Polarization (IP) geophysical anomaly (2.5 km x 2.5 km)

  • Circular Cu-Mo-Ag soil geochemical and geophysical anomalies are not fully tested by drilling

  • Geological, geochemical and geophysical surveys indicate that Mohave is part of an extensive sulphide-bearing hydrothermal system

  • Mineralization at Mohave is dominated by potassic alteration having multiple and complex Cu-Mo-Ag events with younger Mo-Ag and Pb-Zn-Ag overprints

  • Two small scale historic mines operated on the Mohave property in the 1950's and 1960's: the Wikieup Queen copper oxide mine and the Scott Fault molybdenum-lead-silver mine


In the late 1960's and early 1970's explorers identified Cu-Mo-Ag porphyry mineralization in several shallow churn holes to depths ranging from 30.5 m to 152.4 m. In 2011, eleven wide-spaced core holes totaling 3,500 m were drilled. Highlights of historical drill results at Mohave are shown in Figure 1 below and include:



  • 59.4 m grading 0.49% Cu

  • 65.8 m grading 0.2% Cu, 0.011% Mo, and 2.35 g/mt Ag

  • 70.7 m grading 0.3% Cu, 0.01% Mo, and 2.54 g/mt Ag

  • A surface trench returned 50.3 m grading 0.24% Cu and 0.076% Mo


Figure 1: Mohave Copper-Molybdenum-Silver Porphyry Property


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Transaction Details


Dunnedin has entered into a non-binding letter of intent to acquire a 100% interest in Mohave subject to the execution of a definitive agreement and other customary conditions including the approval of the TSX-Venture Exchange. The consideration for Mohave consists of:



  • C$50,000 in cash and C$100,000 in Dunnedin shares ("Shares") upon closing of the Transaction;

  • 500,000 Shares upon the public disclosure of a 43-101 compliant resource for the Project;

  • 500,000 Shares upon the public disclosure of a preliminary economic analysis for the Project;

  • 500,000 Shares upon the public disclosure of a pre-feasibility or more advanced study for the Project; and

  • A 0.5% net smelter returns royalty on the Mohave Claims and on a 2 km area of interest around the Mohave Claims.


Including the royalty newly granted in this transaction Mohave is subject to a 3.5% net smelter return royalty of which 1% can be bought back for US$1,000,000.


Management will provide further information on 2019 exploration plans at Mohave as the project database is analyzed.


Dunnedin has also granted an aggregate of 1,700,000 stock options to management, directors and consultants of the Company, exercisable at C$0.075 per share for a period of five years.


Disclaimer


Management cautions that Dunnedin has not performed any exploration on the Mohave Project to date. Historic information reported herein was obtained from publicly available and industry related reports. This news release contains historic data that Dunnedin believes to be from reliable sources using industry standards at the time, but the Company has not independently verified, or cannot guarantee, the accuracy of the information disclosed, and readers should use caution in placing reliance on such information. Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Dunnedin has no interest in, or rights to explore or mine any such properties and references to deposits and reserves reported herein are not indicative of deposits or results obtained on the Company's properties.


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 khenderson@dunnedinventures.com.


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 km2 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 100% interests 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.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43191

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8020 Admin

7 months ago

8020 Admin posted a press release Dunnedin Ventures - Year-End 2018 President's Letter in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - January 10, 2019) -  Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") President, Claudia Tornquist today provides a year-end review of the Company's activities and progress in 2018.


Dear Investor,


2018 marked a busy and exciting year for Dunnedin that saw progress on many fronts:



  • Our initial drill program considerably advanced the Kahuna diamond project

  • We extended two high-grade diamond bearing dikes through drilling and geophysics

  • Industry-leading kimberlite dike experts have been retained to advise on the advancement of our diamond resources

  • We furthered our exploration for diamondiferous kimberlite pipes and significantly narrowed down the most prospective area for a potential discovery

  • A till sampling campaign was completed in order to prioritize kimberlite pipe targets for follow-up drilling

  • The newly acquired MPD copper project joins our Trapper project to form a strong copper-gold porphyry portfolio in British Columbia

  • We strengthened our board with the addition of Steven Krause

  • We completed the spin-out of the gold mineralization rights on the Kahuna project into Solstice Gold Corp, which commenced trading on the TSX-V

  • Over the year Dunnedin raised $3.5 million through private placements and our advisor Dr. Charles (Chuck) Fipke increased his share in the company to over 10% through his participation


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Figure 1: Diamonds from the Kahuna Project


To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3803/42071_56b3fe32d4136848_002full.jpg


Initial Drill Program at Kahuna


Dunnedin set out to drill-test the targets we determined following three years of analyzing historic data and probing thousands of surface samples for diamond indicator minerals (DIMs). We took a prudent approach by relying on the surface exploration methods that our advisor and largest shareholder, Dr. Charles (Chuck) Fipke used to discover Canada's Ekati mine, before embarking on our drill program. Our initial drilling program was successful on two sides:


Kimberlite Dikes


We drilled significant extensions to two diamond bearing, high-grade kimberlite dikes. These expand the quantity of diamondiferous kimberlite that has been confirmed on the property to date, as neither body is yet included in our maiden inferred resource of 4 million carats (see resource estimate, DVI website) and target for further exploration (see TFFE estimate, DVI website). To date we now have approximately 20 km of kimberlite dikes defined through drilling and geophysics and the Kahuna property hosts many more linear structures that remain largely untested and collectively comprise over 100 km of prospective, potentially kimberlite-bearing targets.


To further the potential of our kimberlite dikes Dunnedin has engaged SRK Consulting to develop options to expand the existing inferred diamond resource on the Kahuna and Notch dikes, incorporate the numerous other proven diamondiferous dikes on the Kahuna property and assess conceptual mining methods. We expect the results of this study in Q1 2019.


Kimberlite Pipes


We have significantly narrowed down our main target area for kimberlite pipes on our large property where we hold diamond rights over 1600 km2, to a 10 km2 area that shows a high concentration of high-quality DIMs. This section in the northeast of the property is known as the Josephine Target Area.


Through till sampling and drilling programs, we were able to show that known and weakly diamondiferous kimberlites in this area were not the sources of the abundant DIMs in till, which indicates that there must be one or several yet-to-be discovered sources for these DIMs nearby. To zero-in on these sources we collected another batch of nearly 1,000 surface samples in the autumn of 2018 and we expect the priority results from these samples in the coming weeks.


Copper Portfolio Provides Additional Discovery Potential


In 2018 Dunnedin also started to actively explore options to unlock the value of its 100% owned Trapper copper-gold porphyry project in BC's prolific Golden Triangle, on the heels of several high-profile porphyry exploration successes in the province. In November we strategically acquired 100% of the historically drilled, and recently consolidated, MPD property in South-Central British Columbia. Like Trapper, MPD has immediate exploration upside and the potential to yield a major copper-gold porphyry system. The project is in a known, productive copper-gold porphyry belt with historically drilled grades similar to nearby producing mines. Dunnedin will provide further information on 2019 exploration plans at MPD as the project database is analyzed.


Strong Team & Strategic Alignment


On the management front, we were pleased to welcome Mr. Steven Krause to our Board of Directors. Steven is CFO of Viva Gold Corp. and former CFO of Bear Creek Mining. He was also former chairman of Luna Gold, where he led the $360m merger with JDL Gold to form Trek Mining. Steven's experience in finance, corporate development, and governance is a welcome addition to our high-caliber team of director and advisors.


We are also proud to be affiliated with some of the most successful exploration and resource development professionals in Canada through the Discovery Group, led by John Robins. With a shared philosophy of finding and advancing overlooked high-quality assets with good historic results and strong economic potential, several companies in this group have generated industry-leading returns for shareholders over the past year and certainly our CEO Chris Taylor is becoming well-known through the successes of our sister company Great Bear Resources, which made a significant high-grade gold discovery in Canada's Red Lake District.


Indeed, it is our intention replicate these successes to the benefit of Dunnedin shareholders. We have the underlying assets and the team to unlock their potential. Our belief in the discovery potential at Kahuna is as strong as ever and our copper portfolio provides us with additional options to create value. In 2019 we will be pursuing a variety of avenues for funding, exploring and monetizing our assets to the benefit of shareholders. Watch for more news early this year as we move our projects forward, and we thank you for your continued support.


Sincerely,


Claudia Tornquist
President


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 khenderson@dunnedinventures.com.


On behalf of the Board of Directors


Dunnedin Ventures Inc.


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 km2 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.

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8020 Admin

8 months ago

8020 Admin posted a press release Dunnedin Reports KH10-11 Results, Focuses Pipe Exploration & Retains Diamond Experts to Advance High Grade Kimberlite Dikes in DUNNEDIN VENTURES INC.

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


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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 Dikes (labelled) on the Kahuna Property


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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 17th 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 khenderson@dunnedinventures.com.


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 km2 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.


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8020 Admin

8 months ago

8020 Admin posted a press release Dunnedin Acquires 100% Interest in MPD Copper-Gold Porphyry Project in South Central British Columbia in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - November 29, 2018) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced it has entered into a purchase agreement to acquire 100% ownership of the consolidated Man, Prime and Dillard properties, the "MPD Project", in south-central British Columbia. The MPD Project is an excellent strategic fit with Dunnedin's 100% owned Trapper copper-gold porphyry project ("Trapper", see news release November 27, 2018), located in the northern Golden Triangle area of British Columbia and joins this project to form a strong copper-gold porphyry portfolio that has the potential to stand alone from Dunnedin's Kahuna Diamond Project in the future.


Claudia Tornquist, President of Dunnedin said, "MPD is a quality project with immediate exploration upside and the potential to yield a major copper-gold porphyry system. We are genuinely excited about this asset and pleased to have secured it on favourable terms. Our philosophy in the Discovery Group of companies has generated industry-leading returns for shareholders over the past year at Northern Empire Resources and Great Bear Resources. This philosophy can be summed up as finding and advancing known mineral discoveries that are undervalued, but with strong economic potential. These projects have geological characteristics that can drive rapid value growth for investors when modern exploration methods and management's experience is applied. Dunnedin's new MPD project has these attributes and could mirror these recent successes in 2019."


MPD Project, South-Central British Columbia, Canada


Refer to Figure 1



  • Recently consolidated 78.5 km2 MPD land package (historically called Man, Prime and Dillard properties) located in a known, productive copper-gold porphyry belt

  • Many historically drilled copper intervals have similar grades to those reported at adjacent copper mines

  • 129 drill holes (25,780 metres) were completed from 1966 to 2014. Previous operators include Rio Tinto PLC and Newmont Mining Corp.

  • Copper has been drill confirmed to-date across a large, 10 square kilometre area

  • Historic drill results often have favourable gold to copper values and are consistent with multiple porphyry centres having associated base and precious metal mineralization,

  • Large untested copper and gold-in-soil anomalies represent new near-term drill targets

  • Copper and gold mineralization extends from surface, with early historic drill holes rarely testing below 200 metres vertical depth. Limited deeper drilling confirms significant depth/size potential

  • Many historic copper intervals were not assayed for gold, and adjacent samples show strong gold results suggesting underexplored gold potential

  • Accessible year-round by service roads and trails from adjacent highway linking Princeton and Merritt


Highlights of historical drill results (1966 to 2014) are shown on Figure 1 and include:



  • 63.6 metres of 0.45% copper and 30 metres 0.92 g/t gold

  • 194 metres of 0.29% copper and 0.27 g/t gold

  • 120 metres of 0.21% copper and 0.92 g/t gold

  • 403 metres of 0.14% copper and 0.07 g/t gold

  • High gold grades include 3.0 metres of 7.0 g/t gold with 0.91% copper and 12 metres of 3.6 g/t gold


The MPD Project is located in the Quesnel Trough, British Columbia's primary copper-producing belt that hosts Teck Resource's world-class Highland Valley Mine, Imperial Metals' Mount Polley Mine, and Centerra Gold's Mount Milligan Mine (see Table 1). The MPD project's Nicola Belt geology has many similar characteristics to the neighbouring alkalic porphyry systems at the Copper Mountain Mine to the south, New Gold's New Afton Mine to the north, and Evrim Resources' nearby Axe Project which was recently optioned to Antofagasta


Table 1: Proven and Probable Reserves - Selected Quesnel Trough Copper Porphyry Mines













































































Property Date Operator Tonnes Copper Grade Contained Copper Gold Grade Contained Gold Silver Grade Contained Silver


(as at)   (millions) (% Cu) (millions of lbs) (gram per tonne) (millions of oz) (gram per tonne) (millions of oz)
Mount Milligan1 Dec. 312018 Centerra Gold 467.939 0.188 1,938 0.3 5.138 - -
Copper Mountain2 Sept. 12018 Copper Mountain 210.079 0.26 1,209 0.08 0.504 0.89 5.981
Mt. Polley3 July 2017 Imperial Metals 73.613 0.27 443 0.29 0.692 0.56 1.331
Highland Valley4 2018 Teck Resources 589,500 0.30 1.540 - - - -

 


Sources:



  1. https://www.centerragold.com/operations/mount-milligan/production-and-reserves

  2. https://www.cumtn.com/operations/copper-mountain-mine/overview/

  3. https://www.imperialmetals.com/assets/docs/2017-reserve_resource%20table.pdf

  4. https://www.teck.com/investors/reserves-&-resources/


Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3803/41331_0c521465f43cf842_002.jpg
Figure 1: MPD Copper-Gold Porphyry Property


To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3803/41331_0c521465f43cf842_002full.jpg


MPD Project Transaction Details


Dunnedin has entered into a definitive agreement to acquire 100% of the MPD Property from a private vendor, subject to the approval of the TSX-Venture Exchange. The consideration for MPD consists of:



  • $100,000 in cash and 1,800,000 Dunnedin shares payable upon closing of the transaction; and



  • $100,000 in cash payable on April 1, 2019



  • A 1.25% to 2% NSR is payable on only three of a total 28 mineral claims. No royalties are payable on the remaining 25 claims.


Further details of the MPD and Trapper copper-gold porphyry projects are provided on Dunnedin's web site at www.dunnedinventures.com. Technical information will be updated as recently acquired historical data are evaluated.


Management will provide further information on 2019 exploration plans at MPD as the project database is analyzed.


Webinar


Dunnedin will host a webinar to discuss the Company's recent news. The webinar will take place on Friday, November 30th 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


Disclaimer


Management cautions that Dunnedin has not performed any exploration on the MPD Project to date. Historic information reported herein was obtained from publicly available sources and industry related reports. This news release contains historic data that Dunnedin believes to be from reliable sources using industry standards at the time, but the Company has not independently verified, or cannot guarantee, the accuracy of the information disclosed and readers should use caution in placing reliance on such information. Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Dunnedin has no interest in, or rights to explore or mine any such properties and references to deposits and reserves reported herein are not indicative of deposits or results obtained on the Company's properties.


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.


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 km2 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 Project near Atlin in the northern "Golden Triangle" region of British Columbia. The Trapper Project is interpreted to overlie a gold-rich copper porphyry complex having a surface geochemical, geophysical and regional alteration signature of over 15 square kilometres. 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.

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8020 Admin

8 months ago

8020 Admin posted a press release Dunnedin Updates on Kahuna Project & Copper-Gold Strategy, Appoints Director in DUNNEDIN VENTURES INC.

Dunnedin to Host a Webinar on Friday November 30th @ 11:00am PST/2:00pm EST



Vancouver, British Columbia--(Newsfile Corp. - November 27, 2018) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") provides an update on the diamond exploration progress at its 100% owned Kahuna Diamond Project in Nunavut, Canada ("Kahuna"), and outlines its strategic plans for both its diamond and copper-gold assets.


Kimberlite Pipe Exploration Update



  • Dunnedin expects results shortly for diamond recoveries from approximately 150 kilograms of kimberlite from pipe KH10-11 which was newly discovered this summer

  • In the near future Dunnedin will also receive initial diamond indicator results from the till sampling program completed in the Josephine Target Area ("JTA") this autumn. These results will assist with the prioritization and selection of drill targets in the JTA, which will be the main focus of the Company's next drill program

  • The JTA has been identified by Dunnedin's advisor Dr. Charles Fipke as the most prospective area of the Kahuna Project with an abundance of high-quality diamond indicator minerals ("DIM") implying multiple undiscovered diamond-bearing sources

  • Dunnedin has narrowed down the main target area at JTA to 10 square kilometres and expects to continue testing for kimberlite pipes with core drilling in the new year


High Grade Kimberlite Dike Resource Update



  • Further evaluation is planned to determine the best course for expanding and progressing the existing inferred diamond resource of 4 million carats in two diamondiferous kimberlite dikes, Kahuna and Notch. In its 2018 exploration program, the Company's drilling successfully extended the strike of two other diamondiferous dikes, PST and 07KD-24 (see news releases dated May 10 and July 11, 2018). PST and 07KD-24 are not in the current inferred resource and demonstrate the opportunity to add additional resources on the project

  • The Company is currently processing geophysical results from test surveys covering kimberlite dike targets that were completed during the winter and summer 2018 drill campaigns, and will provide an update when this work is complete

  • As Dunnedin reviews its dike resources, the Company also plans to study development concepts


Claudia Tornquist, President of Dunnedin, said, "Dunnedin's maiden drill program in 2018 tested a selection of kimberlite targets, with many more remaining to be drilled, particularly high priority pipe targets with exceptional DIM chemistry in the Josephine Target Area. We are pleased with the successful extensions at PST and 07KD-24 during the 2018 program which highlighted the potential of additional high-grade, near-surface, steeply-dipping kimberlite dikes at Kahuna. Future exploration will continue to focus on the discovery of kimberlite pipes but in parallel, we will also study the potential to grow and advance our maiden resource."


Copper-Gold Porphyry Strategy


While Dunnedin is fully committed to the diamond potential at the Kahuna Project, the Company believes current market conditions are favourable for discovery-stage porphyry copper-gold projects, and will now begin to unlock the value of its 100% owned Trapper Project to the benefit of shareholders.


Dunnedin is considering strategies to advance this project and realise its value, including active exploration during the 2019 field season and various transaction alternatives such as a spin-out, combination with other copper assets, farm-in/joint venture and sale. A technical review of all drilling, geophysical and geochemical data is now underway to inform management. Decisions are expected to be announced over the coming days.


Chris Taylor, CEO of Dunnedin said, "I began my career working at copper porphyry mining projects in British Columbia, and have seen the impressive economic value of these projects through the discovery process first-hand. Our Trapper Project is one of these systems and is not currently driving value for our shareholders. The long-term fundamentals of the copper market are excellent, and copper porphyry systems are some of the most sought-after deposits by major mining companies. There is substantial market interest for high-quality copper opportunities, and recent discoveries in the Golden Triangle region have highlighted the potential of this region of northern BC, where Trapper is situated."


About the Trapper Copper-Gold Porphyry Project



  • 100% owned, 37.5 square kilometre land package located in the northern "Golden Triangle" region in British Columbia, covering a gold-rich copper porphyry complex

  • Circular mineralized "ring zone" with over 10 kilometres of strike surrounding a porphyry centre, with associated surface copper showings and gold-rich polymetallic mineralization drilled over 2.2 kilometres

  • 42 drill holes (8,581 metres) completed in 2011. Drill results include visible-gold in drill core flanking copper porphyry, including 34.1 metres of 1.71 g/t gold

  • Copper porphyry exposures discovered on surface are drill-ready. Targets include a large, 800 metre by 1,200 metre chargeability anomaly with 0.15% to 0.42% copper in outcrop, and four areas with highly elevated copper coincident in stream sediment, talus and outcrop

  • Also hosts a polymetallic mineralization system with drill-indicated high-grade gold plus silver, zinc, lead and copper

  • Highlights of 2011 drill intersects are shown in Figure 1, along with a geophysical representation of the main porphyry centre, and copper results from grab samples across the project

  • Refer to news releases of October 26, 2016 and March 27, 2017 for a summary of exploration results at Trapper


Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3803/41274_41a5eb08a404c919_002.jpg

Figure 1: Map of Trapper Copper-Gold Porphyry Project showing locations of 2011 drill holes and widespread copper samples surrounding an interpreted copper porphyry centre


To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3803/41274_41a5eb08a404c919_002full.jpg


Board of Director Appointment


The Company is pleased to announce the appointment of Steven Krause, CPA, CA, ICD.D as director and chair of the audit committee. Mr. Krause is the co-founder, president and a director of Avisar Chartered Professional Accountants. He has worked extensively with mining, mineral exploration and development stage companies in North and South America. Mr. Krause is also the former chairman of Luna Gold, where he was chairman until the successful merger of Luna Gold and JDL Gold to form Trek Mining, in a $360 million merger. He is currently the CFO of Viva Gold Corp. and the former CFO of Bear Creek Mining Corporation. Mr. Krause holds a Bachelor of Business Administration degree from Trinity Western University and received his Chartered Professional Accountant designation in 1997. He also holds a Certified Public Accountant designation in the state of Illinois, USA and is a graduate of the Institute of Corporate Director's Education Program (ICD).


Webinar


Dunnedin will host a webinar to discuss the Company's recent news and future exploration plans. The webinar will take place on Friday, November 30th 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


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 khenderson@dunnedinventures.com.


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 km2 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 near Atlin in the northern "Golden Triangle" region of British Columbia. The Trapper Project is interpreted to overlie a gold-rich copper porphyry complex having a surface geochemical, geophysical and regional alteration signature of over 15 square kilometres. 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.


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Dunnedin Ventures Inc.

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Dunnedin Ventures Inc. (TSX.V:DVI) is an exploration company based out of Vancouver, BC. Our main focus is the 100% owned, advanced stage Kahuna Diamond Project in Nunavut, Canada.

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8020 Admin

1 day ago

8020 Admin posted a press release InvestmentPitch Media Video Discusses Dunnedin Ventures' 2019 Exploration Program at its MPD Copper-Gold Porphyry Project in Southern Central British Columbia - Video Available on Investmentpitch.com in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (FSE: 5DD) (OTC: OCPFF) has started its 2019 exploration program at its MPD Copper-Gold Porphyry Project in Southern Central British Columbia. The large, 78.5 square kilometer, 100% owned project has never been explored as single project with modern methods. In preparation for upcoming drilling, the company has mobilized field crews to the property for mapping, sampling and prospecting work.


For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Dunnedin" in the search box.




Cannot view this video? Visit:
http://www.investmentpitch.com/video/0_3tanabjg/Dunnedin-starts-2019-exploration-program-at-100-owned-MPD-Copper-Gold-Project-in-BC


Claudia Tornquist, President and CEO, stated: "These are pivotal times at Dunnedin as we embark on programs to advance our copper gold assets, starting with this inaugural program at MPD, followed by work at Trapper and Mohave later in 2019. MPD has many attributes that could drive significant returns for our shareholders, not least its location just off the highways 5A and 97C and proximity to infrastructure in an established mining area in Southern British Columbia. We are also excited about the project's large footprint and its promising historic exploration results, which clearly show the potential for a major copper-gold porphyry system."


The recently consolidated MPD Project land package is ideally positioned in the Quesnel Trough, a producing copper-gold porphyry belt, that hosts several world-class mines. The project's Nicola Belt geology has many similar characteristics to nearby alkalic porphyry systems at the Copper Mountain Mine to the south, and New Gold's New Afton Mine to the north.


In preparation for drilling at MPD, work has commenced to survey previous drill holes and trench sites, tie-in historic exploration data, prospect new areas of interest and confirm access for proposed drill sites. As part of this work, historic surface trenches from 1980 and earlier are being resampled by hand-trenching to substantiate mineralization and determine geological geochemical controls within key target areas. In addition, soil geochemical surveys are being carried out to augment and in-fill geochemical anomalies identified in historic surveys, with results for this preliminary work to be reported in August as received.


Historic work has identified numerous copper showings across a large, 10 square kilometer area at MPD. Copper and gold mineralization on the property extends from surface, with early historic drilling rarely testing below 200 metres vertical depth. Several historic holes that exceeded 200 metres indicate significant depth and size potential for porphyry related mineralization.


Large untested copper and gold-in-soil anomalies equally represent new near-term drill targets for 2019. Dunnedin has applied for a multi-year area-based Exploration Permit with the British Columbia Ministry of Energy, Mines and Petroleum Resources requesting authorizations allowing up to 18 drill pads and up to 10 mechanical trenching sites in 2019 and 2020.


Dunnedin is advancing other copper porphyry projects in Canada and the USA, including the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, and the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.


The company's advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets.


For more information, please visit the company's website at www.DunnedinVentures.com, contact Knox Henderson, Investor Relations, at 604-551-2360 or by email at khenderson@DunnedinVentures.com.


About InvestmentPitch Media


Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.


CONTACT:


InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46744

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8020 Admin

7 days ago

8020 Admin posted a press release Dunnedin Commences Exploration at MPD Copper-Gold Porphyry Project in British Columbia in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - August 1, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") announces the commencement of the 2019 exploration program at its 100% owned MPD Copper-Gold Porphyry Project in Southern Central British Columbia. In preparation for upcoming drilling, the Company has mobilized field crews to the property for mapping, sampling and prospecting work.


Claudia Tornquist, President and CEO of Dunnedin said, "These are pivotal times at Dunnedin as we embark on programs to advance our copper gold assets, starting with this inaugural program at MPD, followed by work at Trapper and Mohave later in 2019. MPD has many attributes that could drive significant returns for our shareholders, not least its location just off the highways 5A and 97C and proximity to infrastructure in an established mining area in Southern British Columbia. We are also excited about the project's large footprint and its promising historic exploration results, which clearly show the potential for a major copper-gold porphyry system."


MPD Exploration


The recently consolidated 78.5 square kilometre MPD Project land package (historically called Man, Prime and Dillard, Figure 1) is ideally positioned in the Quesnel Trough, a producing copper-gold porphyry belt, that hosts several world-class mines. The project's Nicola Belt geology has many similar characteristics to nearby alkalic porphyry systems at the Copper Mountain Mine to the south, and New Gold's New Afton Mine to the north.


In preparation for drilling at MPD, work has commenced to survey previous drill holes and trench sites, tie-in historic exploration data, prospect new areas of interest and confirm access for proposed drill sites. As part of this work, historic surface trenches from 1980 and earlier are being resampled by hand-trenching to substantiate mineralization and determine geological-geochemical controls within key target areas. In addition, soil geochemical surveys are being carried out to augment and in-fill geochemical anomalies identified in historic surveys. Results for this preliminary work will be reported in August as received.


Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3803/46687_a15fc560e4555888_002.jpg

Figure 1 - Location


To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3803/46687_a15fc560e4555888_002full.jpg


Historic work has identified numerous copper showings across a large, 10 square kilometre area at MPD. Copper and gold mineralization on the property extends from surface, with early historic drilling rarely testing below 200 metres vertical depth. Several historic holes that exceeded 200 metres indicate significant depth and size potential for porphyry related mineralization. Large untested copper and gold-in-soil anomalies equally represent new near-term drill targets for 2019.


MPD Permitting


Dunnedin has applied for a multi-year area-based Exploration Permit with the British Columbia Ministry of Energy, Mines and Petroleum Resources requesting authorizations allowing up to 18 drill pads and up to 10 mechanical trenching sites in 2019 and 2020. Prior to submission of the application, the Company consulted with, and engaged the Upper Similkameen Indian Band to conduct an in-field assessment of proposed work sites. A report provided to the Company in late May determined there was low to nil archeological potential or risk for the work proposed. Dunnedin's application is currently being advanced through the review process by regulators. The Company expects to commence drilling immediately upon receipt of the permit.


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 khenderson@dunnedinventures.com.


On behalf of the Board of Directors
Dunnedin Ventures Inc.


Claudia Tornquist
President & CEO


About Dunnedin Ventures Inc.


Dunnedin Ventures is advancing copper porphyry projects in Canada and the USA; and the Kahuna diamond project in Nunavut, Canada. Dunnedin's porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. They include the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia and the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.


The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin holds diamond interests in 1,664 km2 of mineral tenure located 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle's Meliadine gold mine. Dunnedin's exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.


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. Dunnedin is part of the Discovery Group of companies led by John Robins, one of the most successful mining entrepreneurs in Canada.


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.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46687

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8020 Admin

1 month ago

8020 Admin posted a press release Dunnedin Extends Warrant Expiry Dates in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - June 26, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") announces that it will extend the expiry dates of 8,957,000outstanding Dunnedin warrants (the "Warrants") by two years as detailed below (Table 1). Approval from the TSX Venture Exchange has been received. The Warrants were originally issued on July 17, 2017 in connection with a private placement of units of the Company (see news releases dated June 20, 2017 and July 20, 2017).


Subsequent to the issue of the Warrants, the Company spun out Solstice Gold Corp ("Solstice") through a statutory plan of arrangement (the "Arrangement") and each Dunnedin warrant held as of the record date of the Arrangement was deemed to have been exchanged for a fully-vested Dunnedin replacement warrant and one-third of one fully-vested Solstice warrant. The exercise prices for the Dunnedin replacement warrants have been adjusted to account for the Arrangement (see news releases dated January 31, 2018 and June 4, 2018). The Warrants continue to be exercisable at their adjusted exercise price and all other terms of the Warrants will remain the same.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=DVI%3ACC&qmodStoryID=7995520961581773 

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8020 Admin

3 months ago

8020 Admin posted a press release Dunnedin Closes Acquisition of the Mohave Copper Porphyry Project in Arizona, USA in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - May 22, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced that it has closed the acquisition of 100% of the Mohave copper-molybdenum-silver porphyry project ("Mohave") in Mohave County, Arizona, USA, from Bluestone Resources Inc. ("Bluestone"). For details of the transaction see Dunnedin's news release of March 4, 2019.


Claudia Tornquist, President of Dunnedin, said, "We are thrilled to close this acquisition which expands Dunnedin's copper portfolio to three advanced stage porphyry projects in North America. At Mohave we will benefit from the excellent work done by the previous operator Bluestone from whom we inherited a comprehensive suite of high-quality exploration data. In 2011 Bluestone drilled 11 core holes and reported anomalous mineralization over significant intervals in all holes. The work to date strongly indicates that there is a large system of porphyry style Cu-Mo-Ag mineralization present at Mohave and we have a number of promising targets which we intend to follow-up on in the fall, after we complete the summer exploration programs on our Canadian porphyry projects MPD and Trapper."


Mohave Project Summary


Mohave is a 10 km2 property located in the prolific mineral producing Basin and Range Province of Arizona and 33 kilometres west of Freeport McMoran's Bagdad copper porphyry mine. The project is ideally situated just west of Highway 93 which links Las Vegas and Phoenix (Figure 1).


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Figure 1 - Location

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Limited exploration at Mohave to date (26 drill holes since 1960's) clearly indicates the potential to discover a sizeable porphyry style copper-molybdenum-silver (Cu-Mo-Ag) deposit. Historic geological, geochemical and geophysical data shows the project has many hallmarks of a silica-rich calc‐alkalic porphyry system:



  • Cu-Mo-Ag geochemical anomalies and structural controls are associated with Laramide intrusions, analogous to those described at Bagdad

  • Multiple and complex Cu-Mo-Ag emplacement is related to lithological and structural events (breccias, hydrothermal veining/stockwork) with younger Mo-Ag and Pb-Zn-Ag overprints

  • Examples of reported historic values include 0.49% Cu over 59.4 m, 0.2% Cu, 0.011% Mo, and 2.35 g/mt Ag over 65.8 m and 0.3% Cu, 0.01% Mo, and 2.54 g/mt Ag over 70.7 m

  • A broad Induced Polarization (IP)/chargeability anomaly 4 km long and 3 km wide, bounded by semi‐circular structure/faults and coinciding with strong Cu-Mo and Ag rock and soil geochemical anomalies

  • Presence of supergene oxidation of a quartz vein pyrite‐chalcopyrite hypogene sulfide system

  • Typical concentric alteration pattern and assemblages consistent with potassic, intermediate argillic, phyllic and propylitic horizontal and vertical zonation


Recent comprehensive work by the previous operator Bluestone provides Dunnedin with a solid framework from which to resume exploration. Bluestone reported favourable mineralization at surface to depths of 390 m from the first drill program in over 20 years (3,500 m in 11 inclined holes in 2011). Bluestone's work also included: IP/magnetic/radiometric ground geophysics, ASTER remote sensing, >1,000 rock and soil geochemical samples, petrography/age dating and detailed lithological-structural-alteration mapping. Many of the datasets demonstrate the distinctive round or "donut-shaped" features typical of porphyry centres (Figures 2).


 


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Figures 2 - Ground magnetics, IP sections, copper geochemistry and molybdenum geochemistry

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Dunnedin's exploration program in 2019 will evaluate historically defined targets, coincident geophysical/geochemical signatures and in particular, numerous anomalies not yet tested by previous drilling.


Disclaimer


Management cautions that Dunnedin has not performed any exploration on the Mohave Project to date. Historic information reported herein was obtained from publicly available and industry related reports. This news release contains historic data that Dunnedin believes to be from reliable sources using industry standards at the time, but the Company has not independently verified, or cannot guarantee, the accuracy of the information disclosed, and readers should use caution in placing reliance on such information. Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Dunnedin has no interest in, or rights to explore or mine any such properties and references to deposits and reserves reported herein are not indicative of deposits or results obtained on the Company's properties.


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 khenderson@dunnedinventures.com.


On behalf of the Board of Directors


Dunnedin Ventures Inc.


Claudia Tornquist
President & CEO


About Dunnedin Ventures Inc.


Dunnedin Ventures is advancing copper porphyry projects in Canada and the USA; and the Kahuna diamond project in Nunavut, Canada. Dunnedin's porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. They include the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia and the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.


The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin holds diamond interests in 1,664 km2 of mineral tenure located 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle's Meliadine gold mine. Dunnedin's exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.


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. Dunnedin is part of the Discovery Group of companies led by John Robins, one of the most successful mining entrepreneurs in Canada.


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.



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8020 Admin

3 months ago

8020 Admin posted a press release Dunnedin Closes Private Placement, Announces Board and Advisor Appointments in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced that it has closed a non-brokered private placement of non flow-through units (each, a "NFT Unit") and flow-through units (each, a "FT Unit") for gross proceeds of $1,482,050 (the "Offering").


The Company has issued 11,458,999 NFT Units at a price of $0.075 per share and 5,534,448 FT Units at a price of $0.1125 per share through the Offering. Each Unit consists of one common share and one-half-of-one common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.15 for a period of twenty-four months. The common share purchase warrants issued as part of the Units are subject to accelerated expiry in the event the common shares of the Company trade on the TSX Venture Exchange at a closing price of $0.25 or more for twenty consecutive trading days.


Claudia Tornquist, President of Dunnedin, said: "Dunnedin's team is looking forward to kicking off a busy exploration season on several fronts, and we are now fully funded for this work. Over the winter months we have expanded our project portfolio through two acquisitions in the copper porphyry space, MPD and Mohave, to add to our existing copper project, Trapper. This means we now have additional opportunities over and above our Kahuna diamond project in Nunavut and are in a position to explore throughout the year. We will start within weeks with an exploration program at the formerly drilled and recently consolidated MPD in southern BC, which we are confident presents an excellent opportunity for discovery."


In connection with the closing of the placement the Company paid finders' fees of $34,496 and issued 451,240 common share purchase warrants exercisable to acquire common shares of the Company (each, a "Finders Warrant") to eligible parties who introduced subscribers to the placement. All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period from the date of issue, expiring on September 2, 2019.


Proceeds of the Offering will be used to fund the Company's exploration program on the MPD copper porphyry project in British Columbia and for general corporate purposes.


Dunnedin is also pleased to report that Patrick McAndless, B.Sc. P.Geo, has joined the Company as Technical Advisor. Patrick is a former Director of Dunnedin Ventures, and an industry awarded explorationist and recognized copper porphyry expert with over 45 years of industry experience and a track record of discovery. He is the recipient of numerous awards, including the prestigious BC and Yukon Chamber of Mines H. H. "Spud" Huestis Award for excellence in prospecting and mineral exploration. The Company has granted Mr. McAndless 50,000 stock options, exercisable at $0.075 per share for five years from the date of issuance.


The Company also announces that Chris Taylor will move from his position as CEO to be Chairman of the board of Dunnedin. Claudia Tornquist will be assuming the role of CEO in addition to the President role. Steven Krause who has been a director of the Company since November 2018 will be appointed as lead independent director.


"I would like to welcome Patrick as a strategic advisor to Dunnedin," said Tornquist. "He is a leading expert in copper porphyry exploration and well connected in the industry. Dunnedin is fortunate to attract an advisor of Patrick's caliber and will benefit greatly from his wealth of experience. The new structure of Dunnedin's board will strengthen the Company as we continue to grow. I am looking forward to working with Chris in his capacity as Chairman where Dunnedin will continue to benefit from his experience and support. I am extremely pleased that Steven has taken on the additional responsibility of lead independent director."


For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360 or khenderson@dunnedinventures.com.


On behalf of the Board of Directors


Dunnedin Ventures Inc.


Claudia Tornquist
President


About Dunnedin Ventures Inc.


Dunnedin Ventures is advancing copper porphyry projects in Canada and the USA; and the Kahuna diamond project in Nunavut, Canada. Dunnedin's porphyry assets all present known mineral discoveries with the potential to hold large-scale deposits. They include the Trapper copper-gold porphyry project in the northern Golden Triangle region of British Columbia, and the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia. In March 2019, Dunnedin entered into a letter of intent to acquire the Mohave copper-molybdenum-silver porphyry project near the world-class Bagdad mine in Arizona.


The advanced-stage Kahuna diamond project in Nunavut hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Dunnedin holds diamond interests in 1,664 km2 of mineral tenure located 26 kilometres from Rankin Inlet and adjacent to Agnico Eagle's Meliadine gold mine. Dunnedin's exploration is aimed at the discovery of diamondiferous kimberlite pipes, working with its advisor and largest shareholder Dr. Chuck Fipke.


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. Dunnedin is part of the Discovery Group of companies led by John Robins, one of the most successful mining entrepreneurs in Canada.


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.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44388

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8020 Admin

5 months ago

8020 Admin posted a press release Dunnedin Defines Potential Diamond Source Target Area at Kahuna Project, Nunavut in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - March 20, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced results from 109 till samples collected in the Josephine Target Area (JTA) during the fall of 2018. Results have defined a discrete target area for potential diamond sources of 3 km2 at the head of the JTA, a trend of abundant high-quality diamond indicator minerals (DIM) for which no source is known yet. Although the focus of Dunnedin's near-term exploration plans will be on its recently expanded portfolio of large-scale copper porphyry projects in Canada and the USA (see news releases of November 29, 2018 and March 4, 2019), the Company's next diamond-focused exploration campaign will be aimed at the discovery of kimberlite pipes within this newly defined area.


The Company collected approximately 750 till samples in the JTA in the fall of 2018, of which 109 priority samples have been analysed by CF Mineral Research Ltd. ("CFM") laboratory in Kelowna, BC. Superior DIM chemistry in these recent results confirms that the JTA is the most prospective area on the Kahuna property to host significantly diamondiferous kimberlite (see Figure 1). A summary of these select till results are as follows:



  • Ranked results from 109 priority samples have constrained the source of DIMs to a 3 km2 area at the northwest up-ice end of the JTA

  • The discreet trend of abundant of high-quality DIMs in the JTA have led to a target area with no known diamond sources yet

  • Individual sites having unique DIM abundance and chemistry, but internal to the JTA trend, are also considered priority targets

  • Geophysical targeting will focus on pipe-like signatures and untested geophysical responses identified to date

  • Priority targets will be tested with core drilling with program and budget to be determined in early 2019


"The Josephine Target Area is the most intriguing and prospective area on the Kahuna project," said Claudia Tornquist, President of Dunnedin. "We believe it has exceptional potential for the discovery of one or several large diamond sources. With the help of our advisor, diamond expert Dr. Chuck Fipke, we have systematically analysed a large number of samples across our property over the course of four years to vector in on new diamond-bearing kimberlites. Last year's exploration program and this latest batch of samples was a big step forward as we now have narrowed down our search for new diamond-bearing kimberlites to a small area of only 1,500 m by 2,250 metres. We are pleased that the recent sample results show a clear cut-off of the indicator mineral train, signifying that we are now close to the one or more diamond sources. The next step will be to define discreet drill pipe-like targets for our next exploration program."


Figure 1: Josephine Target Area, Kahuna Diamond Project, Nunavut, Canada


 


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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. Using a scanning electron microprobe ("SEM"), 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 ("KIM"). 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. CFM operates using reference standards, internal quality assurance protocols, security and operating procedures for processing, recovery and reporting of 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 khenderson@dunnedinventures.com.


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 advancing its 100% owned Kahuna Diamond Project in Nunavut, and copper porphyry projects in British Columbia and Arizona, USA. The Kahuna Project hosts a high-grade, near surface inferred diamond resource and numerous kimberlite targets. The Company is working with its 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 collected by Dunnedin over four seasons of field work.


Dunnedin also holds 100% interests 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. In March 2019, Dunnedin entered into a letter of intent to acquire 100% of the Mohave copper-molybdenum-silver porphyry project in Yavapai County, Arizona, USA.


Based in Vancouver, Dunnedin is part of the Discovery Group of companies led by John Robins, a mining entrepreneur who founded and chaired of Kaminak Gold which Goldcorp acquired for $520 million . Dunnedin's management team has significant capital market strength and is backed by an experienced team of exploration experts with a track record of discovery.


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.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43508

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8020 Admin

5 months ago

8020 Admin posted a press release Dunnedin Bolsters Copper Porphyry Assets with Acquisition of 100% Interest in Mohave Copper-Molybdenum-Silver Project in Arizona in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2019) -  Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced it has entered into a letter of intent to acquire 100% of the Mohave copper-molybdenum-silver porphyry project ("Mohave") in Yavapai County, Arizona, USA, from Bluestone Resources Inc. The Mohave acquisition represents a strong addition to Dunnedin's copper portfolio in North America which also includes Dunnedin's 100%-owned Trapper and MPD copper porphyry projects in British Columbia, Canada.


Mohave has the potential to host a large-scale copper porphyry deposit with silver and molybdenum credits. Its geology is considered analogous to Freeport McMoran's (NYSE: FCX) Bagdad copper porphyry mine which is located approximately 33 km to the east of Mohave.


"Mohave enhances Dunnedin's copper portfolio with a US-based asset located in a prolific copper mining district," said Claudia Tornquist, President of Dunnedin. "Investor sentiment in the United States favours domestic resource production, thus developing a copper project at Mohave is anticipated to have strong appeal. Mohave is an underexplored property with nearby producing mines and excellent infrastructure. Previous drilling has confirmed porphyry style copper-molybdenum-silver mineralization. Significant copper-in-soil targets have been historically defined and remain untested. With three copper assets in British Columbia and Arizona, Dunnedin will now be able to drill year-round. Our first drill program will be at our MPD Project in Southern British Columbia in early 2019 and we are starting preparatory work immediately for a drill program at Mohave later in in the year."


Mohave Project Highlights



  • Copper porphyry project located in the prolific mineral producing Basin and Range Province of Arizona

  • 10.4 km2 land package, road-accessible and adjacent to Highway 93 which links Las Vegas and Phoenix

  • Geologically and structurally analogous to the Bagdad mine and typified by structures associated with the Lariamide extensional event, like those preferentially mineralized at Bagdad

  • Magnetics define a sizable ring or donut-type feature characteristic of copper porphyry deposits

  • Extensive rock and soil mineralization over a large area of the project with a coincident Induced Polarization (IP) geophysical anomaly (2.5 km x 2.5 km)

  • Circular Cu-Mo-Ag soil geochemical and geophysical anomalies are not fully tested by drilling

  • Geological, geochemical and geophysical surveys indicate that Mohave is part of an extensive sulphide-bearing hydrothermal system

  • Mineralization at Mohave is dominated by potassic alteration having multiple and complex Cu-Mo-Ag events with younger Mo-Ag and Pb-Zn-Ag overprints

  • Two small scale historic mines operated on the Mohave property in the 1950's and 1960's: the Wikieup Queen copper oxide mine and the Scott Fault molybdenum-lead-silver mine


In the late 1960's and early 1970's explorers identified Cu-Mo-Ag porphyry mineralization in several shallow churn holes to depths ranging from 30.5 m to 152.4 m. In 2011, eleven wide-spaced core holes totaling 3,500 m were drilled. Highlights of historical drill results at Mohave are shown in Figure 1 below and include:



  • 59.4 m grading 0.49% Cu

  • 65.8 m grading 0.2% Cu, 0.011% Mo, and 2.35 g/mt Ag

  • 70.7 m grading 0.3% Cu, 0.01% Mo, and 2.54 g/mt Ag

  • A surface trench returned 50.3 m grading 0.24% Cu and 0.076% Mo


Figure 1: Mohave Copper-Molybdenum-Silver Porphyry Property


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Transaction Details


Dunnedin has entered into a non-binding letter of intent to acquire a 100% interest in Mohave subject to the execution of a definitive agreement and other customary conditions including the approval of the TSX-Venture Exchange. The consideration for Mohave consists of:



  • C$50,000 in cash and C$100,000 in Dunnedin shares ("Shares") upon closing of the Transaction;

  • 500,000 Shares upon the public disclosure of a 43-101 compliant resource for the Project;

  • 500,000 Shares upon the public disclosure of a preliminary economic analysis for the Project;

  • 500,000 Shares upon the public disclosure of a pre-feasibility or more advanced study for the Project; and

  • A 0.5% net smelter returns royalty on the Mohave Claims and on a 2 km area of interest around the Mohave Claims.


Including the royalty newly granted in this transaction Mohave is subject to a 3.5% net smelter return royalty of which 1% can be bought back for US$1,000,000.


Management will provide further information on 2019 exploration plans at Mohave as the project database is analyzed.


Dunnedin has also granted an aggregate of 1,700,000 stock options to management, directors and consultants of the Company, exercisable at C$0.075 per share for a period of five years.


Disclaimer


Management cautions that Dunnedin has not performed any exploration on the Mohave Project to date. Historic information reported herein was obtained from publicly available and industry related reports. This news release contains historic data that Dunnedin believes to be from reliable sources using industry standards at the time, but the Company has not independently verified, or cannot guarantee, the accuracy of the information disclosed, and readers should use caution in placing reliance on such information. Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Dunnedin has no interest in, or rights to explore or mine any such properties and references to deposits and reserves reported herein are not indicative of deposits or results obtained on the Company's properties.


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 khenderson@dunnedinventures.com.


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 km2 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 100% interests 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.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43191

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8020 Admin

7 months ago

8020 Admin posted a press release Dunnedin Ventures - Year-End 2018 President's Letter in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - January 10, 2019) -  Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") President, Claudia Tornquist today provides a year-end review of the Company's activities and progress in 2018.


Dear Investor,


2018 marked a busy and exciting year for Dunnedin that saw progress on many fronts:



  • Our initial drill program considerably advanced the Kahuna diamond project

  • We extended two high-grade diamond bearing dikes through drilling and geophysics

  • Industry-leading kimberlite dike experts have been retained to advise on the advancement of our diamond resources

  • We furthered our exploration for diamondiferous kimberlite pipes and significantly narrowed down the most prospective area for a potential discovery

  • A till sampling campaign was completed in order to prioritize kimberlite pipe targets for follow-up drilling

  • The newly acquired MPD copper project joins our Trapper project to form a strong copper-gold porphyry portfolio in British Columbia

  • We strengthened our board with the addition of Steven Krause

  • We completed the spin-out of the gold mineralization rights on the Kahuna project into Solstice Gold Corp, which commenced trading on the TSX-V

  • Over the year Dunnedin raised $3.5 million through private placements and our advisor Dr. Charles (Chuck) Fipke increased his share in the company to over 10% through his participation


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Figure 1: Diamonds from the Kahuna Project


To view an enhanced version of Figure 1, please visit:
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Initial Drill Program at Kahuna


Dunnedin set out to drill-test the targets we determined following three years of analyzing historic data and probing thousands of surface samples for diamond indicator minerals (DIMs). We took a prudent approach by relying on the surface exploration methods that our advisor and largest shareholder, Dr. Charles (Chuck) Fipke used to discover Canada's Ekati mine, before embarking on our drill program. Our initial drilling program was successful on two sides:


Kimberlite Dikes


We drilled significant extensions to two diamond bearing, high-grade kimberlite dikes. These expand the quantity of diamondiferous kimberlite that has been confirmed on the property to date, as neither body is yet included in our maiden inferred resource of 4 million carats (see resource estimate, DVI website) and target for further exploration (see TFFE estimate, DVI website). To date we now have approximately 20 km of kimberlite dikes defined through drilling and geophysics and the Kahuna property hosts many more linear structures that remain largely untested and collectively comprise over 100 km of prospective, potentially kimberlite-bearing targets.


To further the potential of our kimberlite dikes Dunnedin has engaged SRK Consulting to develop options to expand the existing inferred diamond resource on the Kahuna and Notch dikes, incorporate the numerous other proven diamondiferous dikes on the Kahuna property and assess conceptual mining methods. We expect the results of this study in Q1 2019.


Kimberlite Pipes


We have significantly narrowed down our main target area for kimberlite pipes on our large property where we hold diamond rights over 1600 km2, to a 10 km2 area that shows a high concentration of high-quality DIMs. This section in the northeast of the property is known as the Josephine Target Area.


Through till sampling and drilling programs, we were able to show that known and weakly diamondiferous kimberlites in this area were not the sources of the abundant DIMs in till, which indicates that there must be one or several yet-to-be discovered sources for these DIMs nearby. To zero-in on these sources we collected another batch of nearly 1,000 surface samples in the autumn of 2018 and we expect the priority results from these samples in the coming weeks.


Copper Portfolio Provides Additional Discovery Potential


In 2018 Dunnedin also started to actively explore options to unlock the value of its 100% owned Trapper copper-gold porphyry project in BC's prolific Golden Triangle, on the heels of several high-profile porphyry exploration successes in the province. In November we strategically acquired 100% of the historically drilled, and recently consolidated, MPD property in South-Central British Columbia. Like Trapper, MPD has immediate exploration upside and the potential to yield a major copper-gold porphyry system. The project is in a known, productive copper-gold porphyry belt with historically drilled grades similar to nearby producing mines. Dunnedin will provide further information on 2019 exploration plans at MPD as the project database is analyzed.


Strong Team & Strategic Alignment


On the management front, we were pleased to welcome Mr. Steven Krause to our Board of Directors. Steven is CFO of Viva Gold Corp. and former CFO of Bear Creek Mining. He was also former chairman of Luna Gold, where he led the $360m merger with JDL Gold to form Trek Mining. Steven's experience in finance, corporate development, and governance is a welcome addition to our high-caliber team of director and advisors.


We are also proud to be affiliated with some of the most successful exploration and resource development professionals in Canada through the Discovery Group, led by John Robins. With a shared philosophy of finding and advancing overlooked high-quality assets with good historic results and strong economic potential, several companies in this group have generated industry-leading returns for shareholders over the past year and certainly our CEO Chris Taylor is becoming well-known through the successes of our sister company Great Bear Resources, which made a significant high-grade gold discovery in Canada's Red Lake District.


Indeed, it is our intention replicate these successes to the benefit of Dunnedin shareholders. We have the underlying assets and the team to unlock their potential. Our belief in the discovery potential at Kahuna is as strong as ever and our copper portfolio provides us with additional options to create value. In 2019 we will be pursuing a variety of avenues for funding, exploring and monetizing our assets to the benefit of shareholders. Watch for more news early this year as we move our projects forward, and we thank you for your continued support.


Sincerely,


Claudia Tornquist
President


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 khenderson@dunnedinventures.com.


On behalf of the Board of Directors


Dunnedin Ventures Inc.


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 km2 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.

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8020 Admin

8 months ago

8020 Admin posted a press release Dunnedin Reports KH10-11 Results, Focuses Pipe Exploration & Retains Diamond Experts to Advance High Grade Kimberlite Dikes in DUNNEDIN VENTURES INC.

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


Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3803/41640_82548fd6f4890b5c_002.jpg

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 Dikes (labelled) on the Kahuna Property


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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 17th 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 khenderson@dunnedinventures.com.


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 km2 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.


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8020 Admin

8 months ago

8020 Admin posted a press release Dunnedin Acquires 100% Interest in MPD Copper-Gold Porphyry Project in South Central British Columbia in DUNNEDIN VENTURES INC.

Vancouver, British Columbia--(Newsfile Corp. - November 29, 2018) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced it has entered into a purchase agreement to acquire 100% ownership of the consolidated Man, Prime and Dillard properties, the "MPD Project", in south-central British Columbia. The MPD Project is an excellent strategic fit with Dunnedin's 100% owned Trapper copper-gold porphyry project ("Trapper", see news release November 27, 2018), located in the northern Golden Triangle area of British Columbia and joins this project to form a strong copper-gold porphyry portfolio that has the potential to stand alone from Dunnedin's Kahuna Diamond Project in the future.


Claudia Tornquist, President of Dunnedin said, "MPD is a quality project with immediate exploration upside and the potential to yield a major copper-gold porphyry system. We are genuinely excited about this asset and pleased to have secured it on favourable terms. Our philosophy in the Discovery Group of companies has generated industry-leading returns for shareholders over the past year at Northern Empire Resources and Great Bear Resources. This philosophy can be summed up as finding and advancing known mineral discoveries that are undervalued, but with strong economic potential. These projects have geological characteristics that can drive rapid value growth for investors when modern exploration methods and management's experience is applied. Dunnedin's new MPD project has these attributes and could mirror these recent successes in 2019."


MPD Project, South-Central British Columbia, Canada


Refer to Figure 1



  • Recently consolidated 78.5 km2 MPD land package (historically called Man, Prime and Dillard properties) located in a known, productive copper-gold porphyry belt

  • Many historically drilled copper intervals have similar grades to those reported at adjacent copper mines

  • 129 drill holes (25,780 metres) were completed from 1966 to 2014. Previous operators include Rio Tinto PLC and Newmont Mining Corp.

  • Copper has been drill confirmed to-date across a large, 10 square kilometre area

  • Historic drill results often have favourable gold to copper values and are consistent with multiple porphyry centres having associated base and precious metal mineralization,

  • Large untested copper and gold-in-soil anomalies represent new near-term drill targets

  • Copper and gold mineralization extends from surface, with early historic drill holes rarely testing below 200 metres vertical depth. Limited deeper drilling confirms significant depth/size potential

  • Many historic copper intervals were not assayed for gold, and adjacent samples show strong gold results suggesting underexplored gold potential

  • Accessible year-round by service roads and trails from adjacent highway linking Princeton and Merritt


Highlights of historical drill results (1966 to 2014) are shown on Figure 1 and include:



  • 63.6 metres of 0.45% copper and 30 metres 0.92 g/t gold

  • 194 metres of 0.29% copper and 0.27 g/t gold

  • 120 metres of 0.21% copper and 0.92 g/t gold

  • 403 metres of 0.14% copper and 0.07 g/t gold

  • High gold grades include 3.0 metres of 7.0 g/t gold with 0.91% copper and 12 metres of 3.6 g/t gold


The MPD Project is located in the Quesnel Trough, British Columbia's primary copper-producing belt that hosts Teck Resource's world-class Highland Valley Mine, Imperial Metals' Mount Polley Mine, and Centerra Gold's Mount Milligan Mine (see Table 1). The MPD project's Nicola Belt geology has many similar characteristics to the neighbouring alkalic porphyry systems at the Copper Mountain Mine to the south, New Gold's New Afton Mine to the north, and Evrim Resources' nearby Axe Project which was recently optioned to Antofagasta


Table 1: Proven and Probable Reserves - Selected Quesnel Trough Copper Porphyry Mines













































































Property Date Operator Tonnes Copper Grade Contained Copper Gold Grade Contained Gold Silver Grade Contained Silver


(as at)   (millions) (% Cu) (millions of lbs) (gram per tonne) (millions of oz) (gram per tonne) (millions of oz)
Mount Milligan1 Dec. 312018 Centerra Gold 467.939 0.188 1,938 0.3 5.138 - -
Copper Mountain2 Sept. 12018 Copper Mountain 210.079 0.26 1,209 0.08 0.504 0.89 5.981
Mt. Polley3 July 2017 Imperial Metals 73.613 0.27 443 0.29 0.692 0.56 1.331
Highland Valley4 2018 Teck Resources 589,500 0.30 1.540 - - - -

 


Sources:



  1. https://www.centerragold.com/operations/mount-milligan/production-and-reserves

  2. https://www.cumtn.com/operations/copper-mountain-mine/overview/

  3. https://www.imperialmetals.com/assets/docs/2017-reserve_resource%20table.pdf

  4. https://www.teck.com/investors/reserves-&-resources/


Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3803/41331_0c521465f43cf842_002.jpg
Figure 1: MPD Copper-Gold Porphyry Property


To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3803/41331_0c521465f43cf842_002full.jpg


MPD Project Transaction Details


Dunnedin has entered into a definitive agreement to acquire 100% of the MPD Property from a private vendor, subject to the approval of the TSX-Venture Exchange. The consideration for MPD consists of:



  • $100,000 in cash and 1,800,000 Dunnedin shares payable upon closing of the transaction; and



  • $100,000 in cash payable on April 1, 2019



  • A 1.25% to 2% NSR is payable on only three of a total 28 mineral claims. No royalties are payable on the remaining 25 claims.


Further details of the MPD and Trapper copper-gold porphyry projects are provided on Dunnedin's web site at www.dunnedinventures.com. Technical information will be updated as recently acquired historical data are evaluated.


Management will provide further information on 2019 exploration plans at MPD as the project database is analyzed.


Webinar


Dunnedin will host a webinar to discuss the Company's recent news. The webinar will take place on Friday, November 30th 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


Disclaimer


Management cautions that Dunnedin has not performed any exploration on the MPD Project to date. Historic information reported herein was obtained from publicly available sources and industry related reports. This news release contains historic data that Dunnedin believes to be from reliable sources using industry standards at the time, but the Company has not independently verified, or cannot guarantee, the accuracy of the information disclosed and readers should use caution in placing reliance on such information. Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Dunnedin has no interest in, or rights to explore or mine any such properties and references to deposits and reserves reported herein are not indicative of deposits or results obtained on the Company's properties.


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.


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 km2 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 Project near Atlin in the northern "Golden Triangle" region of British Columbia. The Trapper Project is interpreted to overlie a gold-rich copper porphyry complex having a surface geochemical, geophysical and regional alteration signature of over 15 square kilometres. 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.

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8020 Admin

8 months ago

8020 Admin posted a press release Dunnedin Updates on Kahuna Project & Copper-Gold Strategy, Appoints Director in DUNNEDIN VENTURES INC.

Dunnedin to Host a Webinar on Friday November 30th @ 11:00am PST/2:00pm EST



Vancouver, British Columbia--(Newsfile Corp. - November 27, 2018) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") provides an update on the diamond exploration progress at its 100% owned Kahuna Diamond Project in Nunavut, Canada ("Kahuna"), and outlines its strategic plans for both its diamond and copper-gold assets.


Kimberlite Pipe Exploration Update



  • Dunnedin expects results shortly for diamond recoveries from approximately 150 kilograms of kimberlite from pipe KH10-11 which was newly discovered this summer

  • In the near future Dunnedin will also receive initial diamond indicator results from the till sampling program completed in the Josephine Target Area ("JTA") this autumn. These results will assist with the prioritization and selection of drill targets in the JTA, which will be the main focus of the Company's next drill program

  • The JTA has been identified by Dunnedin's advisor Dr. Charles Fipke as the most prospective area of the Kahuna Project with an abundance of high-quality diamond indicator minerals ("DIM") implying multiple undiscovered diamond-bearing sources

  • Dunnedin has narrowed down the main target area at JTA to 10 square kilometres and expects to continue testing for kimberlite pipes with core drilling in the new year


High Grade Kimberlite Dike Resource Update



  • Further evaluation is planned to determine the best course for expanding and progressing the existing inferred diamond resource of 4 million carats in two diamondiferous kimberlite dikes, Kahuna and Notch. In its 2018 exploration program, the Company's drilling successfully extended the strike of two other diamondiferous dikes, PST and 07KD-24 (see news releases dated May 10 and July 11, 2018). PST and 07KD-24 are not in the current inferred resource and demonstrate the opportunity to add additional resources on the project

  • The Company is currently processing geophysical results from test surveys covering kimberlite dike targets that were completed during the winter and summer 2018 drill campaigns, and will provide an update when this work is complete

  • As Dunnedin reviews its dike resources, the Company also plans to study development concepts


Claudia Tornquist, President of Dunnedin, said, "Dunnedin's maiden drill program in 2018 tested a selection of kimberlite targets, with many more remaining to be drilled, particularly high priority pipe targets with exceptional DIM chemistry in the Josephine Target Area. We are pleased with the successful extensions at PST and 07KD-24 during the 2018 program which highlighted the potential of additional high-grade, near-surface, steeply-dipping kimberlite dikes at Kahuna. Future exploration will continue to focus on the discovery of kimberlite pipes but in parallel, we will also study the potential to grow and advance our maiden resource."


Copper-Gold Porphyry Strategy


While Dunnedin is fully committed to the diamond potential at the Kahuna Project, the Company believes current market conditions are favourable for discovery-stage porphyry copper-gold projects, and will now begin to unlock the value of its 100% owned Trapper Project to the benefit of shareholders.


Dunnedin is considering strategies to advance this project and realise its value, including active exploration during the 2019 field season and various transaction alternatives such as a spin-out, combination with other copper assets, farm-in/joint venture and sale. A technical review of all drilling, geophysical and geochemical data is now underway to inform management. Decisions are expected to be announced over the coming days.


Chris Taylor, CEO of Dunnedin said, "I began my career working at copper porphyry mining projects in British Columbia, and have seen the impressive economic value of these projects through the discovery process first-hand. Our Trapper Project is one of these systems and is not currently driving value for our shareholders. The long-term fundamentals of the copper market are excellent, and copper porphyry systems are some of the most sought-after deposits by major mining companies. There is substantial market interest for high-quality copper opportunities, and recent discoveries in the Golden Triangle region have highlighted the potential of this region of northern BC, where Trapper is situated."


About the Trapper Copper-Gold Porphyry Project



  • 100% owned, 37.5 square kilometre land package located in the northern "Golden Triangle" region in British Columbia, covering a gold-rich copper porphyry complex

  • Circular mineralized "ring zone" with over 10 kilometres of strike surrounding a porphyry centre, with associated surface copper showings and gold-rich polymetallic mineralization drilled over 2.2 kilometres

  • 42 drill holes (8,581 metres) completed in 2011. Drill results include visible-gold in drill core flanking copper porphyry, including 34.1 metres of 1.71 g/t gold

  • Copper porphyry exposures discovered on surface are drill-ready. Targets include a large, 800 metre by 1,200 metre chargeability anomaly with 0.15% to 0.42% copper in outcrop, and four areas with highly elevated copper coincident in stream sediment, talus and outcrop

  • Also hosts a polymetallic mineralization system with drill-indicated high-grade gold plus silver, zinc, lead and copper

  • Highlights of 2011 drill intersects are shown in Figure 1, along with a geophysical representation of the main porphyry centre, and copper results from grab samples across the project

  • Refer to news releases of October 26, 2016 and March 27, 2017 for a summary of exploration results at Trapper


Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3803/41274_41a5eb08a404c919_002.jpg

Figure 1: Map of Trapper Copper-Gold Porphyry Project showing locations of 2011 drill holes and widespread copper samples surrounding an interpreted copper porphyry centre


To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3803/41274_41a5eb08a404c919_002full.jpg


Board of Director Appointment


The Company is pleased to announce the appointment of Steven Krause, CPA, CA, ICD.D as director and chair of the audit committee. Mr. Krause is the co-founder, president and a director of Avisar Chartered Professional Accountants. He has worked extensively with mining, mineral exploration and development stage companies in North and South America. Mr. Krause is also the former chairman of Luna Gold, where he was chairman until the successful merger of Luna Gold and JDL Gold to form Trek Mining, in a $360 million merger. He is currently the CFO of Viva Gold Corp. and the former CFO of Bear Creek Mining Corporation. Mr. Krause holds a Bachelor of Business Administration degree from Trinity Western University and received his Chartered Professional Accountant designation in 1997. He also holds a Certified Public Accountant designation in the state of Illinois, USA and is a graduate of the Institute of Corporate Director's Education Program (ICD).


Webinar


Dunnedin will host a webinar to discuss the Company's recent news and future exploration plans. The webinar will take place on Friday, November 30th 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


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 khenderson@dunnedinventures.com.


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 km2 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 near Atlin in the northern "Golden Triangle" region of British Columbia. The Trapper Project is interpreted to overlie a gold-rich copper porphyry complex having a surface geochemical, geophysical and regional alteration signature of over 15 square kilometres. 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.


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