DNI METALS INC. (DNI : TSX-Ven)(DG7 : Frankfurt)
TORONTO, Aug. 9, 2012 /CNW/ - DNI Metals Inc. (DNI:TSX-Ven, DG7:FSE) announces that it has resumed in-fill and exploratory drilling on its Alberta polymetallic black shale projects with three drill programs which have commenced. The current drilling entails completion of approximately twenty shallow vertical core holes over a 75 sq km area.
The drill programs are intended: (i) to expand and upgrade the existing Buckton initial inferred resource; (ii) to commence drill testing of the Buckton South target which is either an extension of the Buckton Zone 9km to its south or is a separate mineralized Zone; and (iii) to explore for possible northerly extensions of the Buckton Zone over at least an additional 6km of strike.
The Buckton initial Base Metals, Uranium and Specialty Metals inferred resource was announced on October 24, 2011, and related contained REE-Y-Sc-Th inferred resource was announced on January 16, 2012.
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.
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