(DNI : TSX-Ven, DG7 : Frankfurt)
TORONTO, Dec. 10 /CNW/ - DUMONT Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that, based on field verification work completed in November, it has discovered five collapse features at its Redwall Uranium Property, Arizona Strip, Arizona. The features are believed to be surface manifestations of buried collapse structures which could be breccia pipes.
Exploration of the Redwall Property commenced soon after its acquisition announced in July, 2007. The Property is located in the Arizona Strip region which is a well known corridor across northwest Arizona hosting uranium-bearing solution-collapse "breccia pipes" which typically manifest as subtle circular surface features or saucer shaped depressions. Over 20 million pounds of U(3)O8 were mined from the area during the 1970's-1980's from high grade breccia pipes ranging 0.5%-0.8% U(3)O8, representing some of the highest grading uranium deposits in the USA.
Based on initial work completed in September, DUMONT identified a number of circular photo-anomalies on the Property which are possible manifestations of buried breccia pipes (see press September 26, 2007). More detailed, airphoto and remote imagery interpretation completed during October identified an aggregate of 43 circular targets for ground follow-up, of which 28 targets were examined by DUMONT field crews during November, leading to the discovery of five collapse features. Based on surface geologic disturbances, the collapse features discovered are believed to be surface expressions of buried collapse structures which could be breccia pipes. The five collapse features discovered have diameters ranging 100m to 200m.
Field verification of the 15 remaining targets identified for ground follow-up is in progress and scheduled to be completed by Christmas.
To date, nearly 200 surface samples have been collected from the Property and sent for analysis, and approximately 11 line kilometers of radiometric surveying have been completed.
Expectations are that, once all field verification work has been completed and lab results are received, subsequent field work will rely on drilling of the collapse features discovered to determine whether they are uranium bearing breccia pipes. Future work may also be augmented with geophysical surveys in advance of the contemplated drilling.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
DUMONT is a mineral exploration company with operations in Ontario, Utah, Nevada and Arizona. DUMONT is Operator of the Utah Joint Venture which controls approximately 15 square miles of mineral properties across the historic Clifton-Gold Hill gold-silver-copper Mining District. DUMONT is assembling a portfolio of uranium exploration projects across established US historic mining districts. DUMONT holds one of the most prospective land positions in the Attawapiskat diamond area in the James Bay Lowlands, Ontario, with a carried interest in the Dumont Joint Venture exploring the area through Metalex Ventures Limited and others under the direction of Mr. Charles Fipke. All of DUMONT's properties are being actively explored either directly by Dumont or via joint venture.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 104,798,010
%SEDAR: 00010711E
