DNI METALS INC. (DNI : TSX-Ven)(DG7 : Frankfurt)
TORONTO, Aug. 5, 2015 /CNW/ - DNI Metals Inc, 'DNI',
announced on July 22, 2015 that it
had received a full mining permit for its Vohitsara graphite
project in Madagascar.
http://www.newswire.ca/en/story/1573987/dni-metals-receives-full-mining-permits-for-its-graphite-project-in-madagascar.
Having a full permit will allow DNI to fast track development of
the Project.
DNI is pleased to announce that it commenced and completed phase
1 of development of the Vohitsara project. The 1st
phase consisted of completing geophysics over and close to the old
French mine workings, and digging of trenches in the same area.
DNI's group of professionals were able to find mineralization on
the main zone that extends more than 2 km's and averages 300 to 400
meters wide.
Note: there are at least 2 other zones on the property that have
not been fully studied.
DNI initially focused on an area that was known to contain large
flake Graphite, had undergone historical mining operations, and
that had mineralization close to surface.
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The focus area is
900m by 400m
A total of six (6) trenches for 75 line metres averaging 1-3m depth
trenches were completed.
All samples are being shipped to Canada for full
analysis.
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Note: As per the press releases
dated April 1st and April 8th, 2015, the
trenches were dug in the areas of the initial grab samples and also
along zones of extension.
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April 1,
2015
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Head Grade at DNI
Metal's Madagascar Graphite property averages greater than
10%
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http://www.newswire.ca/en/story/1511305/head-grade-at-dni-metal-s-madagascar-graphite-property-averages-greater-than-10
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Sample area 1: 9.85%
Cgr
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Sample area 2: 10.0%
Cgr
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Sample area 3: 35.5%
Cgr
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April 8,
2015
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62.5% Jumbo/Large
Flake, 91.3% - 97.9% Graphitic Carbon in the Jumbo/Large Flake at
DNI Metal's Madagascar Graphite
Property http://www.newswire.ca/en/story/1513993/62-5-jumbo-large-flake-91-3-97-9-graphitic-carbon-in-the-jumbo-large-flake-at-dni-metal-s-madagascar-graphite-property
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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.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 29,586,204
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.