Dunnedin Ventures Begins Field Program at Kahuna and Provides Permitting Update

August 31, 2016

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August 31, 2016 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (TSXV:DVI)  is pleased to announce the start of field investigations and to provide permitting updates for its Kahuna project, located near Rankin Inlet, Nunavut. Field crews are currently collecting approximately 1,000 till samples across the Kahuna property. This is ten times the number of samples collected during Dunnedin’s 2015 program, which successfully applied exploration and diamond indicator mineral classification techniques pioneered by Dunnedin’s advisor Dr. Chuck Fipke to define a number of new potentially diamond-bearing kimberlite targets.

Chris Taylor, Dunnedin’s CEO stated, “Our 2015 till program was a highly successful but focused orientation survey of only 118 samples. That work identified several new targets consistent with our known diamond-bearing kimberlites, including both dike and pipe targets, and extensions to known diamond-bearing kimberlites. We anticipate that this summer’s 1000 sample program will define additional targets and will allow us to accurately prioritize sites for upcoming drilling and bulk sampling.”

The 2016 field program has an estimated budget of $350,000, which is kept low by infrastructure and service advantages associated with the project’s location near both Rankin Inlet and Chesterfield Inlet.

The Company is currently completing diamond recoveries from the Notch, PST and Kahuna kimberlites sampled in 2015, along with processing of the 2015 till samples for potential gold content. Results will be issued as received. It is anticipated that processing of the 2016 till samples will be completed in time to guide the upcoming winter program in 2016 – 2017.

Permitting Update

The Company is also pleased to report that Indigenous and Northern Affairs Canada (INAC) has endorsed modification and resubmission of the Company’s multi-year exploration permit application to the Nunavut Impact Review Board (NIRB). In a letter addressed to NIRB dated August 2016, INAC stated, “We are pleased to hear that Dunnedin Ventures Inc. has already taken steps to address the concerns raised by the Board in its Screening Decision Report, including engaging in community consultation activities, and that it plans to submit a revised Project proposal.”

In April 2016, NIRB recommended to INAC that the Company should either modify and resubmit, or alternatively abandon its multi-year exploration permit application, and provided a list of required steps to complete prior to resubmission. INAC’s decision to support resubmission rather than abandonment streamlines the permitting process and allows the Company to focus on implementing NIRB’s suggestions within the framework of the existing application. Dunnedin has recently completed all suggested steps, and plans to resubmit its application to the Nunavut Planning Commission over the coming weeks. Current permits allow the Company to continue sampling work through 2017 – 2018.

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Category: Gem