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Dunnedin Ventures Inc. (TSXV:DVI) is a Vancouver-based company whose primary asset is the 100% owned, advanced-stage Kahuna Diamond Project in Nunavut which hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. The Company holds diamond interest on 1,664 km2 of mineral tenure located 26 kilometers northeast of Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine.
Drilling Kimberlite Pipe Targets
The main catalyst for Dunnedin through 2018 will be the Company’s first drill program, slated to begin in March 2018. The Company will drill test 10 to15 highly prospective kimberlite targets selected by the technical staff under the guidance of Dr. Charles (Chuck) Fipke, Dunnedin’s technical advisor.
- Q1 2018 – Priority till processing, target definition, camp construction, full mobilization
- Q2 2018 – Drilling of kimberlite pipe targets and/or resource drilling
- Q3 2018 – Diamond recovery from drill program, follow-up drilling and exploration
- Q4 2018 – Diamond recovery from drill program, priority till processing and target generation
To define and prioritize kimberlite pipe targets, Dunnedin has evaluated an extensive historic data set and recovered diamonds from several kimberlites and studied indicator minerals till samples collected over three field seasons. The Company has used the same till sampling and mineral screening protocols employed during Dr. Fipke’s discovery of Canada’s first diamond mine at Ekati, NWT, but improved by over 20 years of additional diamond data and experience.
The focus of Fipke’s process is to identify circular geophysical pipe-like features that have potential for significant size and value. Dunnedin has a high degree of confidence that drilling will hit diamondiferous kimberlite based on the presence of diamond indicator minerals (DIM’s) occurring immediately down ice (red dots in image below), but not up ice (grey dots) of target (see image below).
Expanding an Existing Diamond Resource
The Kahuna Diamond Project has an Inferred Resource Estimate of 3,987,000 tonnes at an average grade of 1.01 carats per tonne, totalling over 4 million carats of diamond (+0.85 mm).
Kahuna Inferred Resource Estimate*
The maiden mineral resource estimate for the Kahuna Diamond Project also reported a Target for Further Exploration (“TFFE”) of additional 4,090,000 to 15,880,000 carats of diamonds.
Target For Further Exploration (TFFE)*
Bulk sampling and historic drilling on the three main kimberlites, Kahuna, Notch and PST, has returned significant macrodiamond counts. The largest diamond recovered from the property to date is a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broke during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The majority of diamonds are reported as clear and colourless to white, with a significant population of octahedral stones, however coloured stones have also been reported.
Dunnedin’s wholly-owned Trapper Project is a 40 km2 land package adjacent to Brixton Metal’s (TSXV: BBB) Thorn property in northern British Columbia. Trapper hosts a gold-rich copper porphyry complex which includes a circular mineralized zone, known as the Ring Zone, over 6 kilometers in diameter displaying sulphide mineralization with over 10 kilometers of strike surrounding the porphyry center.
Trapper Project Highlights
- Gold rich porphyry system with visible gold
- 8,581 metres drilled in 42 diamond drill holes
- 6 of 8 mineralized zones tested
- 3 zones drilled with gold-rich polymetallic mineralization
- Strike length of 2.3 kilometres, open to east and west
- Potentially open pit and underground mineable targets
Management, Board and Advisors
Christopher Taylor, M.Sc. P. Geo – CEO & Director
Economic geologist with 15 years of industry and research experience with both mid-tier producer and junior exploration companies. Director of a number of TSX-V listed resource companies.
Claudia Tornquist, M.Eng, MBA – President and Director
Formerly General Manager at Rio Tinto working extensively with Rio Tinto’s diamond operations in Canada and Australia. Also held the position of Executive VP Business Development for the royalty company Sandstorm Gold Ltd., financing junior mining companies with stream finance, equity and debt. Director of Kennady Diamonds and Silver One Resources.
Tony Ricci, CPA, CA – CFO and Director
Chartered Professional Accountant with 25+ years for Canadian and US listed public companies. Former Director and CFO of mining companies with a combined market capitalization near $2 billion including Norsmont Mining, Keegan Resources (currently Asanko Gold Inc), Petaquilla Minerals and Petaquilla Copper. Formerly with KPMG and AMEC Engineering Inc.
Jeff Ward, P.Geo – Vice President, Exploration
30+ years of exploration experience across Canada’s north, most recently as President of Kivalliq Energy Corp. Former Regional Project Manager for Ashton Mining of Canada Inc. and General Manager for Ashton and Stornoway Diamond Corp.
Andrew Berry – Vice President, Operations
Specialized in operational logistics while exploring for diamonds in Canadian arctic environments for over 15 years. Co-manages exploration activities for Dunnedin and COO of Kivalliq Energy Corp. since 2010. Former Project Manager with Ashton Mining of Canada Inc. and Stornoway Diamond Corp.
Chad Ulansky, B.Sc. P. Geo – Director
Professional geologist, is currently President and CEO of Metalex Ventures Ltd. and Cantex Mine Development Corp., as well as serving as director of several public and private mineral exploration companies. Mr. Ulansky has diamond exploration experience that includes the original Ekati diamond discovery and has since spanned fifteen countries on four continents.
Gary Schellenberg, B.Sc. Geology – Director
Economic geologist with 30 years of industry experience including diamond exploration in the Northgroupwest Territories. President of Coast Mountain Geological Ltd., a Vancouver-based geological consulting. Founding director of Winspear Resources, which sold the Snap Lake diamond mine to DeBeers in the 1990’s.
Sorin Posescu, P.Geo – Director
VP Exploration for Brixton Metals and President of Romstar Geoscience Corp. Sorin brings 17 years experience in resource exploration to the team. Former Senior project geologist with NovaGold, Sierra Geothermal and OMV-PETROM.
Charles (Chuck) Fipke, Ph.D. – Technical Advisor
Discoverer of Canada’s first diamond mine at Ekati, NWT, Dr. Fipke’s vision and scientific insight was instrumental in the emergence of the Canadian diamond industry. Dr. Fipke is a world-renowned expert on diamond exploration and indicator mineral geochemistry and has received an honorary Doctorate of Technology from Okanagan University College and numerous awards.
John Robins, P.Geo – Advisor
Driving force within the Vancouver mining sector as co-founder of Hunter Exploration, Stornoway Diamond, Kivalliq Energy, North Country Gold and Kaminak Gold. Mr. Robins was also involved in the successful sale/merger of several public companies including Kaminak Gold (Goldcorp), Grayd Resources (Agnico Eagle), Troon Resources (Grenville Strategic Royalty), Arauco Minerals (Kinross), Creston Moly (Mercator) and Northair Silver (Kootenay Silver).
Jim Paterson, B.Comm – Advisor
Mr. Paterson has 19 years of corporate experience with North American publicly traded companies, participating in acquisitions, joint-ventures, spin-outs, reverse transactions and IPO’s. Since January 2010, Mr. Paterson has been involved as an executive or as an active director of companies which have raised in excess of $175 million in equity financings.
Tom McCandless, Ph.D., P.Geo – Technical Advisor
Diamond specialist with over 35 years of diamond-specific industry experience including Chief Mineralogist for Stornoway Diamond Corp., Ashton Mining and Superior Minerals. Conducted historic morphology studies on diamonds from the Kahuna project.