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A Large New Gold Belt at The Kahuna Diamond Project
(via TheNewswire) January 31, 2017 / TheNewswire / Vancouver, BC, Canada. - Dunnedin V...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"A Large New Gold Belt at The Kahuna Diamond Project(via TheNewswire)\n \n \nJanuary 31, 2017 / TheNewswire / Vancouver, BC, Canada. - Dunnedin Ventures Inc. (the \"Company\" or \"Dunnedin\") (TSX-V: DVI) is pleased to report the identification of a large gold-bearing greenstone belt at the Kahuna project. High gold-in-till counts including pristine gold grains suggesting local bedrock sources of gold are present along a sampled length of over 40 kilometres immediately adjacent to Agnico Eagle Mines Ltd.'s (TSE: AEM, \"Agnico\") development-stage Meliadine gold project.\n\n \n \nFigure 1: Gold grain counts across the Kahuna project based on historical till sampling and recent work by Dunnedin. Gold-in-till results are also provided for the Meliadine project based on publicly available information released by the Geological Survey of Canada (GSC). There is a strong association between gold-in-tills and bedrock gold zones at Meliadine.\n\n\n \n\nClick Image To View Full Size\n\n \n \nChris Taylor, Dunnedin's CEO, said, \"We have identified a large gold-mineralized belt tying onto Agnico's Meliadine gold trend. Results suggest gold is preferentially associated with internal fold hinges within the belt. This pattern is observed at Meliadine, and points to several targets requiring follow up till sampling and drilling at Kahuna. The area is known for hosting large, high grade gold deposits at the Meliadine project, and we are very encouraged that gold is confirmed to be associated with multiple belts across Kahuna.\"\n\n\n \nDetails of Current Gold-in-Till Results\n\n\n \n\n\n-Data was acquired through a purchase announced on December 14, 2016\n\n\n\n \n \n\n\n-Disclosed results are from 347 till samples collected adjacent to the Meliadine property\n\n\n\n \n \n\n\n-Results are from a reconnaissance scale till sampling program with average sample spacing of over 1 kilometre, designed to test a broad area for gold \n\n\n\n \n \n\n\n-Average of 7.8 gold grains per sample, with a maximum value of 83 grains\n\n\n\n \n \n\n\n-Pristine gold grains observed in 114 of 347 samples, with a maximum value of 21 pristine grains, suggesting proximal bedrock sources to 33% of samples\n\n\n\n \n \n\n\n-Spatial association between gold concentration in till samples and proximity to fold hinges as delineated through geophysics\n\n\n\n \n \n\n\n-Gold no...