DNI Metals Inc. (DNI: CSE) (FSE: DG7N) (OTC Pink: DMNKF) is pleased to announce the following (refer Figure 1 following):
Dan Weir, CEO, commented: “We continue to be impressed and excited with the results being returned from our drilling within these two highly prospective targets at our Vohitsara project. Nine (9) of the first twelve holes — including every one of the holes from the Main Zone – returned solid intercepts. Worth noting is that, as stated previously, many of the Saprolitic graphite mines around the world produce from an average in-situ grade of 3-5% graphitic carbon (‘GC’). Obtaining an intercepted width of 12 metres grading 9.28% GC, that includes 4.5m grading 12.00% GC, almost from surface, is well above the average tenor of mineralisation for this area. We are very excited about these results and very much look forward to receiving the remaining assays.”
Table 1: Composite Results:
|VHTDD007email@example.com%GC; from 1.00m|
|VHTDD008firstname.lastname@example.org%GC; from 7.00m|
|VHTDD009email@example.com%GC; from 5.50m|
|incl||07.00||10.00||03.00||10.60||incl:firstname.lastname@example.org%GC; from 7.00m|
|VHTDD010email@example.com%GC; from 28.00m|
|VHTDD011firstname.lastname@example.org%GC; from 2.50m|
|incl||02.50||05.50||03.00||07.22||incl:email@example.comGC; from 2.50m|
|VHTDD012firstname.lastname@example.org%GC; from 0.00m|
|incl||16.00||19.00||03.00||11.65||incl:email@example.com%GC; from 16.00m|
Disclosure: Note that insufficient geological data currently exist to accurately determine true mineralisation widths as compared to intersection widths as listed in Table 1 above. Note also that the intersected mineralisation is hosted within weathered in-situ saprolitic material and is known to be broadly disseminated within this regolith horizon in the area currently being tested by drilling.
A full listing of all 255 assay results is appended at the back of this document.
All representative samples were prepared and collected by or under supervision of DNI’s Country Manager, Steven Goertz. Mr. Goertz is a Geologist and is a Qualified Person under NI43-101 regulations. Mr. Goertz has approved this Press release.
The samples were processed at AGAT Laboratories, in Ontario, Canada. Graphitic carbon assays were performed using a modified infrared assay method. This method is preferable to other industry-accepted assay methods; inclusive of varying forms of Loss on Ignition (LOI) testing. All analysis were preformed using LECO instruments.
|BHID||Type||Project||mE (UTM)||mN (UTM)||mAMSL||Grid||Datum||Zone||Dip||EOH (m)|
About DNI Metals
Certain advisors and directors of DNI have significant operational experience at historical hard rock graphite mines in Canada (e.g. Ontario and Quebec) and Australia. Between them, they have built three (3) processing plants and designed two (2) others; all, which were shut down in the 1990,’s due to increased Chinese competition. Keith Minty, a director, previously worked at Cal Graphite near Kearny, Ontario.
It was our team’s understanding of the high production and capital expenditure costs associated with so-called “hard rock” graphite mining that inspired DNI to search for saprolite-hosted graphite deposits.
Certain parts Madagascar and Brazil, produce graphite from weathered material called saprolite.
According to Dictionary.com, saprolite is described as:
“Soft, thoroughly decomposed and porous rock, often rich in clay, formed by the in place chemical weathering of igneous, metamorphic, or sedimentary rocks. Saprolite is especially common in humid and tropical climates. It is usually reddish brown or grayish white and contains those structures (such as cross-stratification) that were present in the original rock from which it formed.“
DNI owns two permitted, saprolite-hosted graphite deposits in Madagascar; located 50kms from the country’s main seaport. The deposits are located less than two (2) kms from the paved national highway. DNI intends to develop the Vohitsara project, should the economic viability and technical feasibility be established. DNI has not yet established mineral resources or mineral reserves supported by a PEA or mining study (PFS or FS).
DNI has a graphite wholesale business, in which it buys and sells high quality graphite. This business has shown a steady increase in volume over the past year.
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