(DNI : TSX-Ven, DG7 : Frankfurt)
TORONTO, June 18 /CNW/ - DNI METALS INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that the hunt for diamonds has resumed on its Attawapiskat Property located seven kilometres south of DeBeers' Victor diamond mine, Ontario. A drill program is scheduled to commence in two weeks, to consist of ten core holes and twelve auger holes.
DNI's Attawapiskat Property is under option to KEL-EX DEVELOPMENT LTD, a private corporation under Mr. C.Fipke's control. The Property is being explored by KEL-EX at no cost to DNI, under separate arrangements with METALEX VENTURES LIMITED (MTX:TSX-Ven), BIG RED DIAMOND CORP. (DIA:TSX-Ven) and ARCTIC STAR DIAMOND CORP. (ADD: TSX-Ven). DNI retains a 10% carried interest to production in the Property and a 5% interest in certain surrounding areas if acquired by KEL-EX.
In press releases yesterday, METALEX, ARCTIC STAR and BIG RED announced that a drill program is scheduled to commence in two weeks on the Property focusing on the search for the source to the D6 diamond indicator mineral fan, and to also test for the up ice source of a highly anomalous auger sample containing diamond indicator minerals and kimberlite fragments.
In a news release dated July 6, 2009, METALEX had previously announced the recovery of diamonds and diamond indicator minerals from two small samples of kimberlite breccia intersected by shallow, small diameter, core drilling in the D6 fan. METALEX also noted that the recovery of diamonds in such small samples is extremely encouraging as diamonds are rare even in the Victor kimberlite.
Additional information on the Attawapiskat Property and prior exploration results are available from DNI's website (www.dnimetals.com) and from press releases by METALEX and its partners.
DNI continues to focus its efforts on its polymetallic black shale Properties in Alberta, and on its carried interest in the recent diamond discovery from its Attawapiskat Property, Ontario.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
SOURCE DNI Metals Inc.
For further information: For further information: DNI Metals Inc. - Shahe Sabag, President & CEO or Denis Clement, Chairman, (416-595-1195), email email@example.com; Also visit www.dnimetals.com