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Appointments, consultation advance Dunnedin Ventures’ diamond deposit

by Greg Klein | July 12, 2016

With the goal of unearthing more Nunavut diamonds, Dunnedin Ventures TSXV:DVI announced new directors and positive community engagement on July 12. Claudia Tornquist joins the board after having been a technical adviser to the company since 2015. She’s also served as a Rio Tinto NYSE:RIO general manager, working on diamond projects in Canada and Australia. As executive VP for business development with Sandstorm Gold TSX:SSL, she helped finance juniors with streaming, equity and debt. Tornquist also sits on the board of Kennady Diamonds TSXV:KDI.

Appointments, consultation advance Dunnedin Ventures’ diamond deposit

Dunnedin expects to release last year’s sampling results soon.

Also joining Dunnedin’s board is geologist Chad Ulansky, whose experience in 15 countries includes participation in Ekati, Canada’s first big diamond discovery. He’s currently president/CEO of Metalex Ventures TSXV:MTX and Cantex Mine Development TSXV:CD, as well as a director for several public and private explorers. Along with Dunnedin adviser Chuck Fipke, Ulansky guided the company’s 2015 till sampling program on the Kahuna project, about 25 kilometres from the hamlet of Rankin Inlet on Hudson Bay’s northwestern shore. Those results are expected soon.

Dunnedin also reported the Chesterfield Inlet Community Lands and Resource Committee endorsed the company’s future exploration plan with two provisions. Under the agreement, Dunnedin would integrate community knowledge into its work to minimize effects on wildlife and help the Kivalliq Inuit Association clean up an exploration site abandoned by Shear Minerals. “While not on the Kahuna project claims, the camp is a concern for many local residents and Dunnedin has formally offered assistance with the KIA’s upcoming clean-up efforts,” the company stated.

The KIA granted Dunnedin a staking and prospecting permit valid through 2018, the company added. Dunnedin’s permit from Indigenous and Northern Affairs Canada remains valid until 2017. Following community input, the company will submit an amended application for bulk sampling and drilling beyond 2017 and 2018 to the Nunavut Impact Review Board.

The project hosts a January 2015 inferred resource for the Kahuna and Notch dykes, 12 kilometres apart:

  • Kahuna (+0.85 mm cutoff): 3.06 million tonnes averaging 1.04 carats per tonne for 3.19 million carats
  • (+1.18 mm cutoff): 0.8 ct/t for 2.45 million carats

  • Notch (+0.85 mm cutoff): 921,000 tonnes averaging 0.9 ct/t for 829,000 carats
  • (+1.18 mm cutoff): 0.83 ct/t for 765,000 carats

  • Total (+0.85 mm cutoff): 3.99 million tonnes averaging 1.01 ct/t for 4.02 million carats
  • (+1.18 mm cutoff): 0.81 ct/t for 3.22 million carats

Both kimberlites remain open along strike and at depth. The property holds six other diamond-bearing kimberlites.

In March the company announced recovery of 36 commercial-sized diamonds from a 2.4-tonne Notch sample that was about 40% complete. Late last year an 820-kilogram sample from the project’s PST kimberlite revealed 96 commercial-sized stones.

Read more about Dunnedin Ventures.

Read more about Canadian diamond projects.

See Chris Berry’s research report on long-term diamond demand.

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