ME2018: Dunnedin Ventures Inc.
Last updated 11/1/2018 at 9:39am
Dunnedin Ventures Inc. is focused on exploring Kahuna, a large diamond property about 16 miles (26 kilometers) northeast of Rankin Inlet in Nunavut. Two kimberlites on the property – Kahuna and Notch – host 4.02 million carats of diamonds in 3.99 million metric tons of inferred resource averaging 1.01 carats per metric tons.
Chuck Fipke, the renowned geologist that made the diamond discoveries that led to Ekati and the other mines in Northwest Territories, is an advisor and the largest shareholder of Dunnedin.
"The abundance and quality of diamond indicator minerals at Dunnedin's Kahuna project is exceptional and bodes well for the potential discovery of new diamond sources," said Fipke.
While diamonds are Dunnedin Ventures' primary Kahuna target, this large property is also highly prospective for gold deposits similar to those found on Agnico Eagle Mines' Meliadine project immediately to the southwest.
To keep its focus on the diamonds, Dunnedin spun-out Solstice Gold Corp., a gold-focused exploration company with full rights to 66 claims and 50 percent of 12 other claims covering the larger Kahuna project.
While Solstice explores for gold, Dunnedin set out to test the more than 40 diamondiferous kimberlite targets it has identified at Kahuna.
This work included a winter drill program that tested five of these targets. The 127.74 kilograms of kimberlitic material recovered from one of these targets, kimberlite 07KD-24, contained 338 diamonds larger than 0.106 millimeters, including four commercial-sized diamonds larger than 0.85 millimeters.
During the summer program, Dunnedin tested another 17 targets, three of which turned out to be kimberlite pipes. Diamond results from this drilling were not available at the time of this report.
"I look forward to the drill results and will continue assisting the Dunnedin team with the exploration and development of this project," said Fipke.
Dunnedin also has an option to acquire full ownership of Trapper, a large gold-copper property in the Atlin region of northwestern British Columbia.
Dunnedin Ventures Inc. - TSX.V: SGC
Chief Executive Officer: Christopher Taylor
President: Claudia Tornquist
VP, Exploration: Jeff Ward
Ste. 1020, 800 West Pender St., Vancouver, BC V6C 2V6