Head Grade at DNI Metal's Madagascar Graphite property averages greater than 10%
01 Apr, 2015, 03:07 ET
TSX Venture Exchange Symbol: DNI
TORONTO, April 1, 2014 /CNW/ - DNI Metals Inc. ("DNI") is pleased to announce that grab samples recently collected from a Due Diligence trip to its newly acquired property in Madagascar (refer Press Release dated March 9, 2015) have returned the following graphitic head grades:
Sample area 1: 9.85% Cgr
Sample area 2: 10.0% Cgr
Sample area 3: 35.5% Cgr
These results are highly encouraging, as they were collected over a large area of the main mineralised zone; estimated to be approximately two kilometres in length; and represent the continuity of the graphite over a large area. Additional zones have been defined on the property bringing total estimated mineralised strike to approximately three kilometres.
All representative samples were collected under supervision of DNI's Country Manager, Steven Goertz. Mr. Goertz is a Geologist and is a Qualified Person under JORC and 43-101 regulations.
The samples were processed at Process Research Ortech Inc. and Agat Laboratories, both located in Ontario, Canada. Further processing is ongoing to determine particle size distribution and upgrade purity numbers and these results are expected shortly.
Graphitic carbon assays were performed using a modified infrared assay method. This method is preferable to other industry-accepted assay methods including varying forms of Loss on Ignition (LOI) testing.
A detailed programme of test pit and auger sampling and mapping is currently in the advanced stages of planning, with an estimated start date sometime in late April 2015.
Dan Weir, CEO of DNI commented, "We are very happy with these results, Madagascar is known for its Large Flake, high quality Graphite. DNI is looking forward to working in a countries like Madagascar and Brazil, which have long histories of Graphite production"
Further information about DNI, can be found on its website. www.dnimetals.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX.V) accepts responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 – Frankfurt
Issued: 18,985,702 common shares
We seek Safe Harbour. This announcement includes forward looking statements. While these statements represent DNI's best current judgment, they are subject to risks and uncertainties that could cause actual results to vary, including risk factors listed in DNI's Annual Information Form and its MD&As, all of which are available from SEDAR and on its website.
SOURCE DNI Metals Inc.
For further information: DNI Metals Inc. - Dan Weir, President & CEO, T: 416-595-1195, Email: [email protected] / [email protected]
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