December 14, 2016 / TheNewswire / Vancouver, BC, Canada. - Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today announced it has agreed to purchase a comprehensive proprietary data set consisting of historic diamond and gold exploration results from the Kahuna project, Nunavut.
The data set compiles approximately $25,000,000 of historical spending in the project area undertaken by multiple exploration groups and is being purchased from a private vendor. Included are gold-in-till results from land recently staked by Dunnedin immediately adjacent to Agnico Eagle Mines Ltd.'s (TSE: AEM) Meliadine project, the results of which are now being analyzed by the Company. The data also includes more than 10,000 microprobe analyzed kimberlite indicator mineral results, various geophysical survey results covering several hundred square kilometres, multi-element geochemistry from diamond and gold exploration, and drill logs from past diamond and gold exploration.
"We expect this data to materially aid the Company's 2017 exploration program at our recently expanded Kahuna project," said Chris Taylor, Dunnedin's CEO. "The information will significantly reduce both time and money spent on exploration, and most importantly, increase our potential for making additional discoveries in an area that uniquely hosts both diamonds and gold."
About the Kahuna Project
Dunnedin Ventures' primary asset is the 1,200 square kilometre Kahuna project, an advanced stage high grade diamond and gold property located near Rankin Inlet, Nunavut, where Dunnedin is earning a 100% interest. The Company anticipates beginning a drilling and bulk sampling program in 2017 that will test potential extensions to its existing Inferred Resources of over 4 million carats of diamonds (see Dunnedin news release of January 26, 2015), assemble a valuation parcel of approximately 1,000 carats of commercial-sized diamonds, and test a number of newly defined high priority kimberlite targets that may host additional diamond sources.
