DNI CONCLUDES ADDITIONAL ACQUISITIONS AND COMMENCES STAGE-2 METALS LEACHING TESTWORK, ALBERTA POLYMETALLIC BLACK SHALE PROJECTS,
September 17 2010 - 10:06AM
PR Newswire (Canada)
TORONTO, Sept. 17 /CNW/ -- (DNI : TSX-Ven, DG7 : Frankfurt)
TORONTO, Sept. 17 /CNW/ - DNI Metals Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce that it has continued to make tangible progress
toward advancing development of its polymetallic black shale
Property in the Athabasca region, Alberta. DNI has concluded
acquisition of the additional contiguous permits announced in July
to secure the westerly projected extension of the Asphalt
Polymetallic Zone for an additional six kilometres over strategic
areas with minimal overburden cover. The Asphalt Zone hosts one of
two Potential Mineral Deposits identified at the Property by DNI,
previously announced on November 10, 2008. The acquisition expands
the Property to approximately 2600 square kilometres. After
substantially concluding initial metal leaching testwork, DNI has
commenced Stage-2 leaching tests to expand on favourable results
reported from the Stage-1 work which were announced on March 4 and
April 28, 2010. Results from the leaching tests conducted thus far
demonstrated that metals can be collectively and readily recovered
from samples of black shale from the Property and that recoveries
are high enough to compel expansion of the testwork to optimize
test conditions to enhance recoveries. DNI continues to advance
toward scaled up benchtests and column leaching, initially relying
on surface samples recently collected from the Property. Additional
tests to follow will rely on drill core from planned drilling
scheduled for the upcoming winter. This work will advance the two
Potential Mineral Deposits previously identified on the Property
(announced November 10, 2008) through resource studies toward
scoping and economic studies. Permitting for the planned drilling
is underway. DNI is also pleased to announce that it has appointed
Mr.Chris Welner, Calgary, to its Advisory Committee which was
established in July 2008 to assist DNI with development of its
polymetallic black shale Properties. Mr.Welner is a journalist and
communications professional with over 25 years experience in media,
government and the private sector. He is a graduate of Ryerson
University, and has worked as a staff reporter and editor of a
number of recognized Canadian newsprint organizations, and as
Communications Director for provincial government departments in
Nova Scotia and New Brunswick. Mr.Welner will assist DNI in his
capacity as media relations advisor. DNI has granted 1,245,000
stock options, pursuant to the Company's Stock Option Plan, to its
management, employees and advisors, to allow for the purchase of up
to an aggregate of 1,245,000 common shares at a price of 15 cents
per share for up to five years. Of the options granted, an
aggregate of 1,100,000 were granted to officers and directors. DNI
continues to focus its efforts on its polymetallic black shale
Properties in Alberta, and on its carried interest in the diamond
discovery on its Attawapiskat Property, Ontario. 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: 29,400,217 %SEDAR: 00010711E
DNI Metals Inc. - Shahe Sabag, President & CEO or Denis
Clement, Chairman - 416-595-1195, email ir@dnimetals.com. Also
visit www.dnimetals.com
Copyright