Dunnedin Ventures today reported the identification of new kimberlite pipe targets with down-ice till chemistry matching known diamond-bearing kimberlite dikes at the Kahuna project. These are priority drill targets for 2017 that the Company believes have strong diamond potential. Figure 1: Kimberlite pipe targets with diamond indicator minerals in [...]
Dunnedin Ventures today reported that the date of record for a Plan of Arrangement to spin out rights to gold mineralization at its Kahuna project, Nunavut, will be June 30, 2017. The Company also announces its exploration plans to define drill targets across its Kannuqa gold belt, an approximately 300 square kilometre folded greenstone belt that [...]
Dunnedin Ventures today reported it has entered into a Letter Agreement whereby it will accelerate its Option Agreement payments and receive a 100% undivided interest in the Kahuna project. Under the terms of the Agreement, Dunnedin will earn a 100% interest in the Kahuna project and in return pay the Kahuna project vendors Gary R. Thompson and [...]
Dunnedin Ventures today announced results from exploration undertaken in October of 2016 designed to find additional gold zones at its 100% owned Trapper property. Trapper is a copper-gold porphyry project in northern British Columbia with results that include high grade visible gold flanking copper-mineralized porphyry in drill core, and gold [...]
Dunnedin Ventures is pleased to report that the Nunavut Impact Review Board (NIRB) has recommended acceptance of the Company's proposed drilling and bulk sampling program at the Kahuna project, Nunavut, to the Honourable Carolyn Bennett, the Minister of Indigenous and Northern Affairs Canada. The proposed work will allow for drilling of a number of [...]
Dunnedin Ventures today reported the Company's first diamond recovery results from the Kahuna kimberlite. The 144.44 kg sample of Kahuna returned 13 commercial-sized stones totalling 0.334 carats, for a sample grade of 2.32 carats per tonne. The largest recovered diamond was a 0.12 carat clear and colourless twinned octahedral stone. Results are [...]
Dunnedin Ventures is pleased to report the identification of a large gold-bearing greenstone belt at the Kahuna project. High gold-in-till counts including pristine gold grains suggesting local bedrock sources of gold are present along a sampled length of over 40 kilometres immediately adjacent to Agnico Eagle Mines Ltd.'s (TSE: AEM, "Agnico [...]
Dunnedin Ventures is pleased to report additional diamond recoveries from the Notch kimberlite. A third, 43.78 kg sample of Notch returned 4 commercial-sized stones (+0.85 mm) totalling 0.43 carats, for a sample grade of 9.72 carats per tonne. The largest recovered diamond was a 0.16 carat clear and colourless elongated octahedron. Results are [...]
Dunnedin Ventures today announced it has received gross proceeds of $1,119,031 from a combination of warrant exercise and flow through financing. Through a warrant acceleration program announced in November 2016, as well as receipt of other exercised common share purchase warrants, the Company has received gross proceeds of $734,031 and has issued [...]
Dunnedin Ventures today announced it has agreed to purchase a comprehensive proprietary data set consisting of historic diamond and gold exploration results from the Kahuna project. The data set compiles approximately $25,000,000 of historical spending in the project area undertaken by multiple exploration groups and is being purchased from a [...]
Dunnedin Ventures today announced it has increased the size of the Kahuna diamond project by staking an additional 59 claims totaling 66,047 hectares. The project is now approximately 120,000 hectare in size. The Kahuna project now consists of: Over 100 interpreted kimberlite pipe targets, 50 of which are currently being screened for down-ice [...]
Dunnedin Ventures announces: The intention to undertake a statutory plan of arrangement, pursuant to which the Company will spin-out its existing gold and copper assets into a new subsidiary and distribute the shares of the subsidiary pro rata to the shareholders of the Company. The acceleration of the expiry of 6,078,000 common share purchase [...]