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dunnedin ventures inc (OCPFF) Details

Dunnedin Ventures Inc. engages in the exploration and development of base, precious metals, and diamonds in the Americas. It primarily holds an option to acquire a 100% interest in the Kahuna Diamond project, an advanced stage high grade diamond project located near Rankin Inlet, Nunavut, Canada. The company was formerly known as Ocean Park Ventures Corp. and changed its name to Dunnedin Ventures Inc. in August 2013. Dunnedin Ventures Inc. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Founded in 1987

dunnedin ventures inc (OCPFF) Top Compensated Officers

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dunnedin ventures inc (OCPFF) Key Developments

Dunnedin Ventures Inc. Appoints Gary Schellenberg to the Board of Directors

Dunnedin Ventures Inc. announced the appointment of Mr. Gary Schellenberg to the company’s Board of Directors. Mr. Schellenberg has over 30 years of mineral exploration and public company management experience including diamond exploration in the Northwest Territories. Mr. Schellenberg was a founding director of Winspear Resources Ltd. Mr. Schellenberg is President of Coast Mountain Geological Ltd. and serves as CEO and director of a number of publicly listed mineral exploration companies.

Dunnedin Ventures to Acquire the Advanced Stage Kahuna Diamond Project

Dunnedin Ventures Inc. announced that it has entered into a Letter of Intent effective August 15, 2014 (the "LOI"), pursuant to which, and subject to regulatory approval, the Company will acquire the option to earn a 100% interest in the "Kahuna Diamond Project" (the "Project"), located in Nunavut, Canada. Kahuna is an advanced stage high grade diamond project discovered in 2001, located near Rankin Inlet, Nunavut. Three main diamondiferous kimberlite dikes have been discovered, the Kahuna, PST and Notch. These have strike lengths, widths and grades comparable to producing diamond mines. Bulk sampling and drilling on the three main kimberlites has returned very high macrodiamond counts including diamonds over one carat in size. The large diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The majority of diamonds are reported as clear and colourless to white, with a significant population of octahedral stones, however coloured stones have also been reported. The dikes occur within an extensive network of largely untested geophysical targets, which are overlain by dense diamond indicator mineral trains. The Kahuna project comprises 13,000 Ha of mineral claims that cover the three main dikes, plus flanking ground that covers the prospective source regions of the main indicator mineral trains. Most of the diamond occurrences are located between 10 and 20 km of tide water of Hudson Bay. The Kahuna dike is a 5.5 kilometre long, generally 2 to 4 metre wide, steeply-dipping kimberlite body defined by drilling, bulk sampling and geophysics. The average grade of three bulk samples totaling over 360 tonnes is estimated at 1.04 carats per tonne (cpt). The Kahuna dike has been confirmed with 30 drill holes along 4.5 km of strike, but has only been tested to depths of about 100 m. It remains open at depth, and is expected to have significant depth and total volume potential. Average true width is approximately 2.6 m, similar to the Snap Lake mine of DeBeers, in the N.W.T., Canada, which has average width of 2.2 ­ 2.8 m.

Dunnedin Ventures Inc. Proposes Amendment to the Articles

Dunnedin Ventures Inc. announced that its AGM will be held on May 28, 2014, to approve an amendment to the Articles of the corporation adding an advance notice provision for the nomination of directors.


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