Dunnedin Releases Maiden Inferred Resource for Kahuna Diamond Project

Dunnedin Ventures Inc. (TSXV:DVI) announced the maiden inferred resource for its Nunavut-based Kahuna diamond project, noting that it consists of a 4,018,000 carats of macrodiamonds at a 0.85-millimeter (+1 DTC sieve size) lower diamond cut off. The average grade is 1.01 carats per tonne derived from 3,987,000 tonnes of kimberlite.

Other highlights are as follows:

• The kimberlites in the resource are exposed at surface and remain open to extension along strike and at depth. The average drill intercept at the Kahuna kimberlite was only 80 vertical metres, however kimberlite has been intersected at vertical depths of greater than 120 m and continuity at depth is supported by the available data.

• Indicator mineral trains and geophysics suggest the Kahuna and Notch have the potential to extend along strike into areas of thin sediment cover. Kimberlite has been intercepted in drilling along these potential extensions; however drill spacing was insufficient for inclusion in the resource. These areas will be a focus of future drilling.

• Only 2 of 8 confirmed significantly diamondiferous kimberlites (Kahuna and Notch) have sufficient drilling, bulk sampling and density definition work to be included in the inferred mineral resource at this time. Other drilled, mapped and sampled diamondiferous kimberlites include the PST, Killiq, and 4 additional kimberlite dikes located between the Notch and PST kimberlites (KD-13, 14, 16 and 18). Additional evaluation of these kimberlites will be a priority for Dunnedin in 2015.

Chris Taylor, CEO of Dunnedin, commented:

The Kahuna project’s readily expandable high grade diamond resource, strong infrastructure advantages due to its location close to Rankin Inlet and tidewater in Hudson’s Bay, and high potential for new discoveries make this stand out as an excellent Canadian diamond development opportunity.

Click here to read the full Dunnedin Ventures Inc. (TSXV:DVI) press release.