TSX Venture Exchange Symbol: DNI
TORONTO, Sept. 24, 2015 /CNW/ - DNI Metals Inc., 'DNI',
has received its final assay (head grade) results from its initial
Phase 1 development program over its 100%-owned Vohitsara graphite
project in Madagascar. This phase was comprised of
ground (i.e. EM & magnetic) geophysics over and close to the
historical French mine workings, and the excavation of several
trenches over selected targets within the same area. Trenches
extended from one (1) to three (3) meters below natural
surface.
The defined mineralized zone (i.e. from trench 4 to the north
to trench 5 in the south) covers a strike length of over 700
metres; averaging 300-400 metres width. The average
mineralization tenor ranged from 3 to 13.14% Cgr with overburden
averaging less than one meter thickness.
Highlights from the program include:
Tr04 – Ridge to the North
8m averaging 6.75%
Including 1m @ 19.7% Cgr & 1m @ 11.70% Cgr
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)
Tr05 – Trench to the south:
10m averaging 3.021% Cgr;
Including 2m @ 4.35% Cgr and 2m @ 4.50%
The central-eastern region of Madagascar, where DNI's Vohitsara project is
located Madagascar is known for
its high-purity, large flake graphite. The numerous
historical deposits in the area are characterised by very coarse
flake-size distribution and low levels of trace contaminants.
Indeed, a mere 50 kms to the south of DNI's Vohitsara Project, a
listed public company is producing graphite concentrates of 94%
purity from graphitic ores comprising an average of 70% large flake
material. These characteristics rank that project among some
of the best large-flake deposits in the world.
The analysis of DNI's flake distribution from the
recently-sampled trenches is currently being tested in the lab,
with results expected shortly.
Two additional trenches were completed trenches 1 and 6,
every assay showed amounts of graphite, but the overburden was
thicker in these areas.
A full listing of assay results received is listed in the table
following.
All representative samples were prepared and collected by or
under supervision of DNI's Country Manager, Steven Goertz. Mr. Goertz is a Geologist
and is a Qualified Person under NI43-101 regulations. Mr. Goertz
has approved this Press release.
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 a 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 2 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: 4 TRENCHES
Sample
No
|
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
|
E5203820
|
Tr05-01
|
2.14
|
E5203821
|
Tr05-02
|
5.04
|
E5203822
|
Tr05-03
|
4.17
|
E5203823
|
Tr05-04
|
1.05
|
E5203824
|
Tr05-05
|
1.15
|
E5203825
|
Tr05-06
|
4.08
|
E5203826
|
Tr05-07
|
4.67
|
E5203827
|
Tr05-08
|
0.26
|
E5203828
|
Tr05-09
|
3.86
|
E5203830
|
Tr04-01
|
2.81
|
E5203831
|
Tr04-02
|
3.25
|
E5203832
|
Tr04-03
|
1.80
|
E5203833
|
Tr04-04
|
5.84
|
E5203834
|
Tr04-05
|
7.91
|
E5203835
|
Tr04-06
|
19.70
|
E5203836
|
Tr04-07
|
11.70
|
E5203837
|
Tr04-08
|
0.96
|
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.