TSX Venture Exchange Symbol: DNI
TORONTO, Sept. 11, 2015 /CNW/ - DNI Metals Inc., 'DNI', is
pleased to announce that it has received initial assay results from
two (2) of the trenches that were completed during the initial
field campaign at its fully permitted 'Vohitsara' Graphite project
in Madagascar.
On July 29, 2015, DNI announced
that it had completed its initial Phase 1 development program over
the Vohitsara project. This phase comprised ground (EM &
magnetic) geophysics over and close to the old French mine
workings, and excavation of several trenches in the same
area. Trenches extended from one (1) to three (3) metres
below natural surface.
DNI's team of professionals have successfully delineated a main
zone of mineralization that extends in excess of 2 km's and
averages between 300 to 400 meters in width.
The total initial target area extends for 900m along strike;
averaging 400m wide. Importantly, there are at least two (2)
additional graphite-bearing zones on the property that have not
been fully studied.
The group focused on an area that showed large flake Graphite,
had historical mining, and that had mineralization close to
surface. Results received to date are as follows:
Tr02 – Hilltop – 86m AMSL:
21m averaging 3.41% Cgr:
Including 2m @ 6.95% Cgr & 3m @ 5.40% Cgr
Tr03 – Side-cut of local topographic high – 25m below peak
and 66m AMSL:
21m averaging 13.14% Cgr;
Including 5m @ 18.48% Cgr (incl. 1m @ 25.3% Cgr) & 4m @
13.75 Cgr)
A full listing of assay results received is listed in the table
following.
Dan Weir, CEO of DNI commented,
"We are extremely pleased with these results. Having a
deposit that is quite literally a hill of graphite, with the
potential of a zero or even negative strip ratio, gives DNI a
significant cost advantage.
DNI has signed a LOI to acquire a Laboratory and Technical
Solution Centre. This facility will allow DNI to save time
and hundreds of thousands of dollars in assaying, and pilot plant
work for the Madagascar
project. The building can be used to upgrade
(purify/shape/coat) graphite.
On the wholesale side, DNI has delivered its first 20 tonne
container of graphite from Brazil
to Canada.
With a graphite project in Madagascar, a graphite wholesale business, and
a facility 20 mins from downtown Toronto, DNI is moving very quickly to
becoming a vertically integrated graphite company.
I am very proud of our whole team, here in Canada, Brazil and Madagascar."
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 NI43-101 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; inclusive of varying forms of Loss on Ignition (LOI)
testing.
About DNI
DNI Metals Inc. is graphite-focused company currently developing
its flagship Vohitsara project in Madagascar. The project has
recently received a full mining permit and development of an
NI43-101 compliant resource is underway. Vohitsara is located
50km by paved road from the principal commercial port of
Madagascar at Toamasina; with the
main mineralization less than two km from this highway.
DNI also has a wholesale graphite trading division and has
recently entered into an LOI to acquire a fully operational
commercial laboratory; fully capable in analyzing all aspects of
graphite ores.
DNI plans to provide its clients with a Secure, Reliable and
Consistent source of Graphite. DNI is supplying a Chinese
alternative.
Further information about DNI, can be found on its website.
www.dnimetals.com
SUMMARY OF ASSAY RESULTS: TRENCHES 01 & 02
Sample
Number
|
Sample
ID
|
%Cgr
|
E5203779
|
Tr02-01
|
5.90
|
E5203780
|
Tr02-02
|
4.10
|
E5203781
|
Tr02-03
|
2.45
|
E5203782
|
Tr02-04
|
1.97
|
E5203783
|
Tr02-05
|
1.56
|
E5203784
|
Tr02-06
|
1.29
|
E5203785
|
Tr02-07
|
0.95
|
E5203786
|
Tr02-08
|
2.80
|
E5203787
|
Tr02-09
|
10.60
|
E5203788
|
Tr02-10
|
3.30
|
E5203789
|
Tr02-11
|
1.24
|
E5203790
|
Tr02-12
|
1.53
|
E5203791
|
Tr02-13
|
4.17
|
E5203792
|
Tr02-14
|
5.00
|
E5203793
|
Tr02-15
|
6.50
|
E5203794
|
Tr02-16
|
4.70
|
E5203795
|
Tr02-17
|
4.65
|
E5203796
|
Tr02-18
|
3.44
|
E5203797
|
Tr02-19
|
1.38
|
E5203798
|
Tr02-20
|
0.55
|
E5203799
|
Tr02-21
|
3.45
|
E5203800
|
Tr03-01
|
12.60
|
E5203801
|
Tr03-02
|
10.40
|
E5203802
|
Tr03-03
|
11.00
|
E5203803
|
Tr03-04
|
10.20
|
E5203804
|
Tr03-05
|
17.60
|
E5203805
|
Tr03-06
|
25.30
|
E5203806
|
Tr03-07
|
15.70
|
E5203807
|
Tr03-08
|
15.90
|
E5203808
|
Tr03-09
|
17.90
|
E5203809
|
Tr03-10
|
12.40
|
E5203810
|
Tr03-11
|
6.50
|
E5203811
|
Tr03-12
|
9.00
|
E5203812
|
Tr03-13
|
9.50
|
E5203813
|
Tr03-14
|
12.20
|
E5203814
|
Tr03-15
|
11.80
|
E5203815
|
Tr03-16
|
9.80
|
E5203816
|
Tr03-17
|
15.00
|
E5203817
|
Tr03-18
|
12.10
|
E5203818
|
Tr03-19
|
13.50
|
E5203819
|
Tr03-20
|
14.40
|
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
DG7N – Frankfurt
Issued: 29,586,204 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.