TMX group TMXmoney

DNI Metals Inc. (DNI)
Exchange: TSX Venture Exchange
$0.050
May 23, 2013, 10:18 PM EDT
Change: 0.00 (0.00%)
Volume: 300,042

Day Low
0.045
Day High
0.060
Dumont resumes drilling at Kiewit Gold Zone and Porphyry Target

DUMONT NICKEL INC. (DNI : TSX-Ven)

TORONTO, Dec. 12 /CNW/ - DUMONT NICKEL INC. (DNI:TSX-Ven) is pleased to
announce that it has resumed drilling at the Kiewit Project. Drilling will
continue through January.
The drilling will begin with five reverse circulation holes      
(4,000ft-5,000ft), of a twelve hole program, to test strike extensions of the
Kiewit Gold Zone and to also start drill testing of the porphyry target
discovered by Dumont earlier in the year (see press September 28, 2005). Holes
over the porphyry target are initially being drilled partly for geological
reasons to help better target subsequent drilling over this 1 mile by 1 mile
anomaly.
Results from surface verification sampling completed over, and around,
the porphyry target, have all been received. This work returned anomalous gold
and copper from 15% of the 200 outcrop samples collected, reporting gold
grades ranging upward to 5g/t and up to 1.2% copper from localities with
considerable faulting, fracturing and silica injection. An additional 450 soil
samples collected across the area also reported anomalous metals from certain
locations which also overly faulting. These anomalous localities likely
represent leakage from buried mineralization.

DUMONT is a mineral exploration company with operations in Ontario, Utah
and Nevada. DUMONT is Operator of the Utah Joint Venture which controls
approximately 28 square miles of mineral properties across the historic
Clifton-Gold Hill gold-silver-copper Mining District. DUMONT holds one of the
largest prospective land positions in the Attawapiskat diamond area in the
James Bay Lowlands, Ontario, with a carried interest in the Dumont Joint
Venture previously announced by Metalex Ventures Limited and others actively
exploring the area under the direction of Mr.Charles Fipke. All of DUMONT's
properties are being actively explored either directly by DUMONT or via joint
venture.
The Qualified Person in connection with this press release and in respect
of the Utah projects is ShahDe F.Sabag P.Geo, President and CEO of Dumont who
is responsible for verification and quality assurance of the exploration data
and analytical results set forth in this release.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

DNI - TSX Venture
Issued: 76,057,677
%SEDAR: 00010711E

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges.
Market Data powered by QuoteMedia. See the QuoteMedia and TMX Group Terms of Use.