DNI announces drill results from 2012 drilling and advances the new
Buckton South Zone to its first resource study, polymetallic black
shale projects, Athabasca region, Alberta
(DNI : TSX-Ven)
(DG7 : Frankfurt)
TORONTO,
Jan. 31, 2013 /CNW/ - DNI Metals
Inc. (DNI:TSX-Ven, DG7:FSE) announces that it has concluded
review of analytical results recently received relating to its 2012
drill programs over the Buckton and Buckton South Zones at its
polymetallic black shale projects, Athabasca region, Alberta. The results are consistent with prior
assays from the two Zones and with grades from the Buckton Zone
inferred resource. The results will enable expansion of the 3.49
billion short ton Buckton Zone inferred resource and delineation of
a new initial inferred resource from the Buckton South Zone as a
second mineral resource from the Property.
The 2012 drill holes testing the Buckton South
Zone are the first ever to be cored over this Zone which had
previously been identified relying on surface trenching and
downhole subsurface information from historic oil/gas wells.
As previously announced October 4, 2012, the 2012 drill program completed
an aggregate of 980m in nine short vertical diamond drill HQ holes
spaced approximately 1.2km apart, three of which were cored to test
the Buckton South Zone located 8 kilometres to the south of the
Buckton Zone inferred resource. The holes successfully confirmed
the Buckton South Zone over approximately 3 square kilometres and
will enable delineation of an initial inferred resource therefrom.
Details of the drilling from the Buckton South Zone are tabulated
below showing results from intercepts of the Labiche Formation
Shale (LB), the underlying Second White Speckled Shale (2WS), and
the Belle Fourche Formation Shale (BF) beneath it.
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Buckton South Zone -
2012 Drilling Analytical Results (ppm) |
Hole# |
#1 |
#6 |
#7 |
Formation |
LB |
2WS* |
LB |
2WS |
BF |
LB* |
2WS |
BF |
From (m) |
36.0 |
97.0 |
12.5 |
47.0 |
57.5 |
11.9 |
27.5 |
45.5 |
To (m) |
97.0 |
111.5 |
47.0 |
57.5 |
76.3 |
27.5 |
45.5 |
63.5 |
Length (m) |
61.0 |
14.5 |
34.5 |
10.5 |
18.8 |
15.6 |
18.0 |
18.0 |
MoO3 |
3 |
95 |
3 |
74 |
4 |
5 |
97 |
5 |
Ni |
48 |
135 |
55 |
112 |
42 |
46 |
132 |
45 |
U3O8 |
5 |
31 |
5 |
29 |
7 |
7 |
31 |
5 |
V2O5 |
472 |
1346 |
517 |
1352 |
405 |
527 |
1356 |
420 |
Zn |
150 |
260 |
168 |
262 |
124 |
149 |
290 |
128 |
Cu |
33 |
84 |
34 |
83 |
29 |
40 |
90 |
33 |
Co |
13 |
20 |
13 |
21 |
12 |
14 |
22 |
12 |
Li2CO3 |
367 |
385 |
372 |
401 |
543 |
411 |
341 |
467 |
La2O3 |
43 |
59 |
45 |
59 |
45 |
48 |
58 |
46 |
Ce2O3 |
77 |
96 |
80 |
94 |
83 |
85 |
93 |
86 |
Pr2O3 |
10 |
14 |
10 |
14 |
10 |
11 |
13 |
10 |
Nd2O3 |
35 |
54 |
38 |
53 |
37 |
41 |
52 |
38 |
Sm2O3 |
7 |
11 |
7 |
11 |
7 |
8 |
10 |
7 |
Eu2O3 |
1 |
2 |
2 |
2 |
2 |
2 |
2 |
2 |
Gd2O3 |
6 |
12 |
6 |
11 |
6 |
7 |
10 |
6 |
Tb2O3 |
1 |
2 |
1 |
2 |
1 |
1 |
2 |
1 |
Dy2O3 |
5 |
10 |
6 |
9 |
5 |
6 |
9 |
5 |
Ho2O3 |
1 |
2 |
1 |
2 |
1 |
1 |
2 |
1 |
Er2O3 |
3 |
5 |
3 |
5 |
3 |
4 |
5 |
3 |
Tm2O3 |
0 |
1 |
0 |
1 |
0 |
1 |
1 |
0 |
Yb2O3 |
3 |
5 |
3 |
5 |
3 |
4 |
4 |
3 |
Lu2O3 |
0 |
1 |
1 |
1 |
0 |
1 |
1 |
0 |
Y2O3 |
32 |
60 |
36 |
62 |
31 |
39 |
60 |
34 |
Sc2O3 |
23 |
18 |
23 |
18 |
24 |
24 |
18 |
22 |
ThO2 |
12 |
12 |
12 |
12 |
12 |
12 |
11 |
12 |
All holes are vertical; Widths
reported are true widths; m=metres; Drill core sampled at a
standard 1m interval; Formation intercept represents true thickness
of the flat-lying Formations hosting the mineralization within
their contacts except where holes were cased directly in the
Formation whose upper contact is not visible or available to
sampling; All results in ppm; Analyses are weighted averages over
the entire intercept of the respective Formations;
Mo-U-V-REE-Y-Sc-Th grades re-stated in equivalent oxide; Analyses
by Activation Labs, Ancaster, ON; U and Co analyses by INA, REE-Th
by Fusion-MS, all other metals by ICP or ICP/MS following 4-acid
digestion; In addition to analytical blanks and standards utilized
by Actlabs as part of its analytical quality assurance and quality
control ("QA/QC") protocols, DNI's QA/QC parameters consist of
duplicate analyses as follows: one matrix-matched analytical blank
per 10 samples, one duplicate analysis of pulverized pulp per 10
samples, and one duplicate subsample from coarse fraction per 10
samples.
* Hole#1 terminated in Second White Speckled Shale in bad
ground, bottom contact was not reached; Hole#7 cased directly in
Labiche Formation, intercept length is partial only |
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A resource study to estimate an initial inferred
mineral resource from the Buckton South Zone has commenced. The
current drilling does not clarify whether the Buckton South Zone is
the southerly extension of the Buckton Zone or whether it is a
separate stand-alone Zone of similar grade and distribution.
In addition to drilling over the Buckton South
Zone, the 2012 drill programs completed four holes to test the
projected extention of the Buckton Zone inferred resource
northward. The drilling confirmed extension to the Buckton Zone for
an additional 3 kilometres to the north of the Buckton resource and
expectations are that the current drilling results will serve to
expand the Buckton Zone inferred resource northward over up to an
additional 4 square kilometres. Two strategically located in-fill
holes were completed within the northern portion of the current
Buckton inferred resource to enhance the drilling database over
that portion. As announced on January 11,
2013, the Buckton Zone inferred resource currently stands at
3.49 billion short tons extending over 14 square kilometres, hosted
in the Labiche Formation black Shale and the Second White Speckled
Shale "stacked" beneath it. Details of the drilling from the
Buckton Zone are tabulated below, showing results from intercepts
of the Labiche Formation Shale (LB), the underlying Second White
Speckled Shale (2WS), and the Belle Fourche Formation Shale (BF)
beneath it.
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Buckton Zone - 2012
Drilling Analytical Results (ppm) |
Hole# |
#2 |
#3 |
#4 |
#5 |
#8 |
#9 |
Formation |
2WS* |
BF |
LB |
2WS |
BF |
LB |
2WS |
BF |
LB* |
BF |
LB* |
2WS |
BF |
LB |
2WS |
BF |
From (m) |
81.7 |
104.0 |
20.0 |
77.2 |
98.0 |
57.9 |
101.7 |
118.8 |
18.5 |
96.4 |
33.2 |
117.2 |
136.3 |
8.0 |
52.3 |
63.1 |
To (m) |
104.0 |
123.5 |
77.2 |
98.0 |
116.0 |
101.7 |
118.8 |
141.5 |
96.4 |
121.0 |
117.2 |
136.3 |
147.5 |
52.3 |
63.1 |
83.0 |
Length (m) |
22.3 |
19.5 |
57.2 |
20.8 |
18.0 |
43.8 |
17.1 |
22.7 |
77.9 |
24.6 |
84.0 |
19.1 |
11.3 |
44.3 |
10.8 |
19.9 |
MoO3 |
40 |
4 |
3 |
111 |
5 |
3 |
118 |
4 |
2 |
2 |
3 |
105 |
5 |
4 |
99 |
2 |
Ni |
99 |
42 |
46 |
163 |
37 |
46 |
170 |
40 |
48 |
48 |
47 |
155 |
43 |
48 |
141 |
48 |
U3O8 |
19 |
5 |
5 |
31 |
6 |
5 |
39 |
6 |
5 |
5 |
5 |
31 |
7 |
6 |
30 |
6 |
V2O5 |
926 |
373 |
472 |
1390 |
325 |
464 |
1444 |
367 |
468 |
384 |
482 |
1313 |
387 |
446 |
1218 |
426 |
Zn |
197 |
113 |
140 |
299 |
103 |
143 |
311 |
116 |
148 |
133 |
148 |
296 |
121 |
142 |
264 |
129 |
Cu |
68 |
27 |
30 |
81 |
27 |
29 |
80 |
25 |
29 |
26 |
33 |
83 |
29 |
32 |
74 |
27 |
Co |
21 |
11 |
13 |
25 |
10 |
13 |
24 |
10 |
13 |
11 |
13 |
22 |
10 |
13 |
22 |
11 |
Li2CO3 |
351 |
375 |
440 |
361 |
356 |
386 |
345 |
395 |
426 |
424 |
411 |
314 |
387 |
365 |
311 |
483 |
La2O3 |
80 |
44 |
43 |
66 |
43 |
43 |
65 |
46 |
43 |
44 |
43 |
59 |
46 |
38 |
50 |
43 |
Ce2O3 |
122 |
80 |
77 |
101 |
77 |
78 |
102 |
83 |
79 |
80 |
76 |
93 |
85 |
67 |
67 |
58 |
Pr2O3 |
18 |
10 |
10 |
15 |
10 |
10 |
15 |
10 |
10 |
10 |
9 |
13 |
10 |
8 |
11 |
10 |
Nd2O3 |
72 |
36 |
35 |
57 |
36 |
35 |
57 |
38 |
35 |
37 |
35 |
50 |
39 |
32 |
45 |
36 |
Sm2O3 |
15 |
7 |
7 |
12 |
7 |
7 |
12 |
7 |
7 |
7 |
7 |
10 |
7 |
6 |
9 |
7 |
Eu2O3 |
4 |
1 |
1 |
3 |
2 |
1 |
2 |
2 |
1 |
2 |
1 |
2 |
2 |
1 |
2 |
1 |
Gd2O3 |
15 |
6 |
6 |
12 |
6 |
6 |
12 |
6 |
6 |
6 |
5 |
9 |
6 |
6 |
9 |
6 |
Tb2O3 |
2 |
1 |
1 |
2 |
1 |
1 |
2 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
Dy2O3 |
13 |
5 |
5 |
10 |
5 |
5 |
10 |
6 |
5 |
5 |
5 |
8 |
5 |
5 |
8 |
5 |
Ho2O3 |
2 |
1 |
1 |
2 |
1 |
1 |
2 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
Er2O3 |
7 |
3 |
3 |
5 |
3 |
3 |
5 |
3 |
3 |
3 |
3 |
4 |
3 |
3 |
4 |
3 |
Tm2O3 |
1 |
0 |
0 |
1 |
0 |
0 |
1 |
0 |
0 |
0 |
0 |
1 |
0 |
0 |
1 |
0 |
Yb2O3 |
6 |
3 |
3 |
5 |
3 |
3 |
5 |
3 |
3 |
3 |
3 |
4 |
3 |
3 |
4 |
3 |
Lu2O3 |
1 |
0 |
0 |
1 |
0 |
0 |
1 |
0 |
1 |
0 |
0 |
1 |
0 |
0 |
1 |
0 |
Y2O3 |
90 |
33 |
32 |
67 |
33 |
32 |
69 |
35 |
32 |
33 |
31 |
57 |
34 |
30 |
54 |
33 |
Sc2O3 |
20 |
22 |
23 |
19 |
19 |
22 |
18 |
20 |
22 |
21 |
22 |
17 |
21 |
22 |
18 |
23 |
ThO2 |
15 |
12 |
12 |
12 |
11 |
12 |
12 |
12 |
12 |
12 |
12 |
12 |
12 |
11 |
11 |
13 |
Widths reported are true widths;
m=metres; Drill core sampled at a standard 1m interval; Formation
intercept represents true thickness of the flat-lying Formations
hosting the mineralization within their contacts except where holes
were cased directly in the Formation whose upper contact is not
visible or available to sampling; All results in ppm; Analyses are
weighted averages over the entire intercept of the respective
Formations; Mo-U-V-REE-Y-Sc-Th grades re-stated in equivalent
oxide; Analyses by Activation Labs, Ancaster, ON; U and Co analyses
by INA, REE-Th by Fusion-MS, all other metals by ICP or ICP/MS
following 4-acid digestion; In addition to analytical blanks and
standards utilized by Actlabs as part of its analytical quality
assurance and quality control ("QA/QC") protocols, DNI's QA/QC
parameters consist of duplicate analyses as follows: one
matrix-matched analytical blank per 10 samples, one duplicate
analysis of pulverized pulp per 10 samples, and one duplicate
subsample from coarse fraction per 10 samples.
* Hole#2 Labiche Formation eroded entirely, overburden directly
overlies Second White Speckled Shale; Hole#5 is in a slump zone
where Second White Speckled Shale is missing and drill hole cased
directly in Labiche Formation, intercept for Labiche is partial
length only; Hole#8 cased directly in Labiche Formation, intercept
for Labiche is partial length only. |
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The Buckton Zone inferred resource announced on
January 11, 2013, is based on DNI's
2010-2011 drilling together with historic drilling as resampled by
DNI, and does not include results from the 2012 drilling. A
resource study to revise and expand the Buckton Zone inferred
resource will commence in early Spring once the Buckton South Zone
resource study has been completed. The revised resource will form
the iterative basis for concluding the Preliminary Economic
Analysis Study (Scoping Study) which is in progress for the Buckton
Zone, and will incorporate preliminary engineering and pit design
variables into resource classification criteria..
The Qualified Person in connection with this
press release and in respect of the Alberta polymetallic black shale projects is
S.F.Sabag PGeo, President and CEO of
DNI, who is responsible for verification and quality assurance of
the exploration information disclosed in connection with the
projects and this release. The 2012 drilling program was
implemented by Apex Geoscience Ltd, Edmonton, which has previously implemented and
supervised all other drilling on the Property and is the author of
all resource studies therefrom.
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
Issued: 74,857,022
SOURCE DNI Metals Inc.