Dunnedin Provides Update on Ongoing Drilling at Kahuna Project – First Kimberlites Drilled by Company
Press Release
May 10, 2018 – Vancouver, British Columbia – Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) today provides an update on its ongoing 2018 drill program at its 100% owned Kahuna project, Nunavut. The Company has drill-tested five of approximately 40 targets (13%), with potentially diamond-bearing kimberlite intercepted at two targets. Inclement weather limited drilling and confined operations to the vicinity of the Company’s newly constructed camp and the Company’s best kimberlite pipe-type targets with the highest associated diamond indicator minerals (“DIM”) have not yet been tested. Dunnedin plans to return the property in six to eight weeks to drill the remaining high priority targets.
Of the five targets drilled, two were high count DIM-in-till targets, both of which yielded significant extensions to the known high-grade diamond-bearing PST and 07KD-24 kimberlite dikes. Concentrated DIMs-in-tills were clearly associated with adjacent OhmMapper geophysical responses and new kimberlite intercepts, demonstrating the effectiveness of Dunnedin’s targeting methods.
Chris Taylor, Dunnedin’s CEO said, “During April drilling, we were able to show that our DIM-based exploration methods work. We confirmed that high concentrations of priority ranked DIMs correlate directly to new potentially diamond-bearing kimberlite in both areas where tested. Unusually poor weather only allowed us to test a handful of targets near our camp, and we are eager to drill our main DIM targets as soon as field conditions allow. Many of these are associated with kimberlite pipe-type geophysical signatures and large, high-count DIM trains that appear highly prospective for new diamond discoveries.”
Progress to date includes:
- Completion of 11 Rotary Air Blast (“RAB”) drill holes (plus two abandoned holes), of which eight contain kimberlite intercepts consistent with vertically dipping kimberlite dikes
- Approximately 400 kg of kimberlitic material has been shipped to CF Mineral Research Ltd. of Kelowna, BC for diamond and indicator mineral recovery
- Initial diamond recovery results are expected in approximately eight weeks
- A 20 person field camp was established south central to the Kahuna Property to support future exploration programs
- The OhmMapper geophysical technique was employed on the Kahuna property for the first time and, together with DIM-based exploration methods, appears to be a highly effective drill targeting technique
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