DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
TORONTO, Aug. 12 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce that it has completed the first stage of sampling on its
Alberta polymetallic black shale Properties. This work consisted of
re-sampling of all available historic drill core previously archived by third
parties from the Properties, in addition to field sampling of select
stratigraphic sections of the shales exposed at strategic locations on the
Samples, ranging 2kg-25kg each, are being submitted for analysis prior to
commencement of leaching testwork programs to optimize recovery parameters for
the recovery of metals from the black shales. The testwork will be conducted
at several facilities.
Additional testwork is also being organized to evaluate the physical and
chemical properties of the black shale formations as potential hosts to carbon
(CO(2)) capture and sequestration. Details will be announced once the studies
Dumont also announces that it has received TSX Venture Exchange approval
to expand its Stock Option Plan (the "Plan") to increase the number of common
shares in the share capital of the Company reserved for issuance under the
Plan from 12,000,000 to 16,500,000 common shares.
Dumont 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
For further information:
For further information: Dumont Nickel Inc. - Shahe Sabag, President &
CEO or Denis Clement, Chairman, (416) 595-1195, email email@example.com.
Also visit www.dumontnickel.com