DNI completes the first-phase of Development of its 100%-owned Vohitsara Graphite Property in Madagascar
DNI Metals Inc. (DNI : TSX-Ven)(DG7 : Frankfurt)
TORONTO, Aug. 5, 2015 /CNW/ - DNI Metals Inc., 'DNI', announced on July 22, 2015 that it had received a full mining permit for its Vohitsara graphite project in Madagascar. http://www.newswire.ca/en/story/1573987/dni-metals-receives-full-mining-permits-for-its-graphite-project-in-madagascar.
Having a full permit will allow DNI to fast track development of the Project.
DNI is pleased to announce that it commenced and completed phase 1 of development of the Vohitsara project. The 1st phase consisted of completing geophysics over and close to the old French mine workings, and digging of trenches in the same area.
DNI's group of professionals were able to find mineralization on the main zone that extends more than 2 km's and averages 300 to 400 meters wide.
Note: there are at least 2 other zones on the property that have not been fully studied.
DNI initially focused on an area that was known to contain large flake Graphite, had undergone historical mining operations, and that had mineralization close to surface.
| The focus area is 900m by 400m | |
| Note: As per the press releases dated April 1st and April 8th, 2015, the trenches were dug in the areas of the initial grab samples and also along zones of extension. | |
| April 1, 2015 | |
| Head Grade at DNI Metal's Madagascar Graphite property averages greater than 10% | |
| http://www.newswire.ca/en/story/1511305/head-grade-at-dni-metal-s-madagascar-graphite-property-averages-greater-than-10 | |
| Sample area 1: 9.85% Cgr | |
| Sample area 2: 10.0% Cgr | |
| Sample area 3: 35.5% Cgr | |
| April 8, 2015 | |
| 62.5% Jumbo/Large Flake, 91.3% - 97.9% Graphitic Carbon in the Jumbo/Large Flake at DNI Metal's Madagascar Graphite Property |
All representative samples were collected under supervision of DNI's Country Manager, Steven Goertz. Mr. Goertz is a Geologist and is a Qualified Person under JORC and 43-101 regulations.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 29,586,204
We seek Safe Harbour. This announcement includes forward looking statements. While these statements represent DNI's best current judgment, they are subject to risks and uncertainties that could cause actual results to vary, including risk factors listed in DNI's Annual Information Form and its MD&As, all of which are available from SEDAR and on its website.
SOURCE DNI Metals Inc.
Contact
DNI Metals Inc. - Dan Weir, President & CEO 416-595-1125, DanWeir@dnimetals.com, email ir@dnimetals.com. Also visit www.dnimetals.com
