Dunnedin Acquires MPD Copper Gold Porphyry Project, British Columbia
[Click image to enlarge]
Dunnedin Ventures Inc. has entered into a purchase agreement to acquire 100 percent ownership of the consolidated Man, Prime, and Dillard properties, the MPD Project, in south-central British Columbia. The MPD Project is an excellent strategic fit with Dunnedin’s 100 percent owned Trapper copper-gold porphyry project located in the northern Golden Triangle area of British Columbia and joins this project to form a strong copper-gold porphyry portfolio that has the potential to stand alone from Dunnedin’s Kahuna Diamond Project in the future.
“MPD is a quality project with immediate exploration upside and the potential to yield a major copper-gold porphyry system. We are genuinely excited about this asset and pleased to have secured it on favorable terms,” said Claudia Tornquist, president of Dunnedin.
“Our philosophy in the Discovery Group of companies has generated industry-leading returns for shareholders over the past year at Northern Empire Resources and Great Bear Resources. This philosophy can be summed up as finding and advancing known mineral discoveries that are undervalued, but with strong economic potential. These projects have geological characteristics that can drive rapid value growth for investors when modern exploration methods and management’s experience is applied. Dunnedin’s new MPD project has these attributes and could mirror these recent successes in 2019,” added Tornquist.
About Dunnedin Ventures Inc.
Dunnedin Ventures Inc. is focused on its 100 percent owned, advanced-stage Kahuna Diamond Project in Nunavut which hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. The company holds diamond interests in 1,664 km2 of mineral tenure located 26 kilometres northeast of Rankin Inlet and adjacent to Agnico Eagle’s Meliadine gold mine. The Kahuna Diamond Project has an inferred resource estimate of 3,987,000 tonnes at an average grade of 1.01 carats per tonne, totalling over 4 million carats of diamonds (+0.85 mm). Dunnedin’s drilling is aimed at the discovery of diamondiferous kimberlite pipes, and the company is working with advisor and largest shareholder Dr. Chuck Fipke to define and prioritize drill targets based on an extensive historic data set, and diamonds and indicator minerals recovered from a series of kimberlite and till samples over four seasons of field work. Dunnedin also holds a 100 percent interest in the Trapper Project near Atlin in the northern Golden Triangle region of British Columbia. The Trapper Project is interpreted to overlie a gold-rich copper porphyry complex having a surface geochemical, geophysical and regional alteration signature of over 15 square kilometres. Based in Vancouver, Dunnedin is backed by a world-renowned team of exploration experts with decades of combined exploration experience and significant capital market strength.
To stop by Dunnedin’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2018 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
