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Dunnedin Ventures CEO: New Discoveries Show Potential

July 27, 2018
by
Investing News
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Dunnedin Ventures CEO: New Discoveries Show Potential

TL;DR

Dunedin Ventures' recent drilling at their Kahuna diamond project in northern Canada has shown promising results, indicating the effectiveness of their exploration methods and the potential for multiple diamond-bearing kimberlites.

Transcript

hi my name is Chris Taylor I'm the CEO of Dunedin ventures we trade on the Toronto Venture Exchange under the symbol DVI Dunedin is a diamond Explorer a Canadian based diamond Explorer we have our 100% owned Kahuna diamond project which is located just outside of the town of Rankin Inlet in the district of Nunavut northern Canada is no one to host ... Read More

Key Insights

  • 👶 Dunedin Ventures' exploration methods based on indicator mineral chemistry accurately identify new kimberlite pipe targets.
  • 💗 The presence of multi-phase kimberlite pipes suggests variations in diamond content within different pulses.
  • 🤒 Drilling a large kimberlite pipe with over a hundred meters of kimberlite intersected from the surface is a positive development for Dunedin Ventures.
  • ♦️ The historic data and current drilling suggest the presence of diamond-associated indicator minerals in a newly drilled kimberlite pipe, indicating promising potential for diamonds.
  • ♦️ Recovering diamonds from the drilled kimberlite pipes will provide valuable information about their diamond-bearing content.
  • ♦️ The size and grades of the diamond-bearing kimberlite dikes on the Kahuna diamond project are noteworthy.
  • ✋ Dunedin Ventures aims to increase the diamond resource within the high-grade kimberlite dikes and explore the total number of targets within the project.

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Questions & Answers

Q: Where is Dunedin Ventures' Kahuna diamond project located?

Dunedin Ventures' Kahuna diamond project is located near Rankin Inlet in the district of Nunavut, northern Canada.

Q: How did Dunedin Ventures confirm the effectiveness of their exploration methods?

Dunedin Ventures used recent drilling to prove the presence of kimberlites at new targets, some of which were found to be diamond-bearing, validating the accuracy of their exploration methods.

Q: What is significant about the discovery of multi-phase kimberlite pipes?

The discovery of multi-phase kimberlite pipes indicates the presence of different magma pulses, with some phases having higher diamond content. This opens up additional potential targets for Dunedin Ventures to explore.

Q: How does the discovery of diamonds in kimberlite pipes affect the company?

The discovery of diamonds in kimberlite pipes expands Dunedin Ventures' capacity to increase the diamond resource of their project. It also opens up more targets to explore for potential diamond-bearing kimberlites.

Summary & Key Takeaways

  • Dunedin Ventures is a diamond exploration company with a 100% owned Kahuna diamond project located near Rankin Inlet, Nunavut, northern Canada.

  • Recent drilling has confirmed the accuracy of their indicator mineral chemistry-based exploration methods in identifying new kimberlite pipe targets.

  • The discovery of multi-phase kimberlite pipes suggests the presence of different pulses with varying diamond content, opening up potential additional targets to test.


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