Dunnedin Ventures today announced that it has closed an over-subscribed non-brokered private placement of non flow-through and flow-through units for gross proceeds of $1,702,500. The Company has also received $378,124 through exercise of common share purchase warrants since March 2018, for total gross proceeds of $2,080,624. The Company has issued 5,341,667 NFT Units at a price of $0.30 per share and 250,000 FT Units at [...]
Dunnedin Ventures announces that it will expand its 2018 exploration program and undertake a C$1,500,000 million private placement to fund this additional work. Advisors, management and close associates will participate for approximately C$1,000,000 of the placement. Expanded Program Dunnedin has defined over 30 drill targets to test for diamondiferous kimberlite, 17 of which are scheduled to be drilled during its current [...]
Dunnedin Ventures today reports its drill plans and announces the commencement of its 2018 exploration program. Drill crews and equipment have been mobilized and preparations are under way to commence drilling of high—priority kimberlite targets at its 100% owned Kahuna project, Nunavut. Drilling is expected to begin near the end of March and will continue through April as conditions permit. A total of 17 high-priority [...]
Dunnedin Ventures today announced it has identified a cluster of new, potentially diamond-bearing kimberlite targets in the south-central portion of its 100% owned Kahuna Diamond Property, Nunavut. The Company also reports that it is on schedule to begin its upcoming drill program in March 2018, which is expected to run through late winter into May. The drill program will test 10 to 15 kimberlite targets and will focus on [...]
Dunnedin Ventures today announced it has completed its previously announced plan of arrangement , involving the spinout of the Company's wholly-owned subsidiary Solstice Gold Corp. . Under the terms of the Arrangement, one common share of Solstice was distributed for every three common shares of the Company outstanding as of July 17, 2017. In addition, the Company completed a reorganization of its share capital such that [...]
Dunnedin Ventures today announced results of an Annual General and Special Meeting of shareholders held on December 22, 2017. At the Meeting, Shareholders approved a plan of arrangement, involving the Company and its wholly-owned subsidiary Solstice Gold, pursuant to which the Company will spin out Solstice as a separately listed company. Under the terms of the POA, shareholders of record of Dunnedin on July 17, 2017 will [...]
Dunnedin Ventures today announced that it has mailed its meeting materials for an Annual General and Special Meeting of shareholders to be held on December 22, 2017 at the offices of Cassels Brock & Blackwell LLP, Suite 2200, 885 West Georgia Street, Vancouver, British Columbia, V6C 3E8 at 10:00 a.m. to shareholders of record on October 27, 2017 . At the Meeting, in addition to regular business, shareholders will be asked [...]
Dunnedin Ventures is pleased to announce details of the gold vehicle spinout originally announced on July 20, 2017. The spinout will take place via Plan of Arrangement in British Columbia, the details of which will be provided in a separate news release in the near future. The new gold vehicle is named Solstice Gold Corporation and is currently a wholly owned subsidiary of Dunnedin. Following a positive Dunnedin [...]
Dunnedin Ventures is pleased to announce the appointment of Ms. Claudia Tornquist, M.Eng, MBA as the company's new President. Ms. Tornquist, a senior-level executive, initially joined Dunnedin as an advisor in 2015 and was appointed to the board of directors in 2016. The Company also announces the appointment of Mr. Jeff Ward, P.Geo, as Vice President, Exploration, Mr. Andrew Berry as Vice President, Operations and Ms [...]
Dunnedin Ventures today announced that it has expanded the Kahuna project through staking of an additional 36 claims totaling 42,128 Ha. The total area of the Kahuna project is now 166,402 Ha, or 1,664 square kilometres. The new claims are prospective for both gold and diamonds. The summer field program has been extended to survey the newly staked ground and geological mapping, bedrock and till sampling are underway. The [...]
Dunnedin Ventures today provided an update on diamond exploration and permitting progress. The Company has focused on a priority region of high quality Diamond Indicator Minerals correlated to a number of geophysical targets consistent with kimberlite pipes, as shown on Figure 1. Three of these targets have been "boxed" by till sampling and are drill-ready, as DIM concentrations have been found down-ice from the targets [...]
Dunnedin Ventures today reported final diamond recovery results from the PST kimberlite. A total of 8.17 carats of commercial-sized diamonds (+0.85 mm) were recovered from 2.03 tonnes of PST, for a final aggregate sample grade of 4.02 carats per tonne. Results are provided in the table below. Diamond Recoveries from PST Kimberlite Table 1: Diamonds recovered from the PST kimberlite by Dunnedin Sample Weight in Dry [...]