DNI Met­als drills 12 m of 9.28% car­bon in Mada­gas­car

Stockwatch Daily - - MINES & METALS - Mr. Dan Weir re­ports

DNI MET­ALS Inc. has re­ceived 12 out of 28 di­a­mond core as­says.


• VHTDD007: 12 me­tres at 9.28 per cent graphitic car­bon; from one m (in­clud­ing 4.5 m at 12 per cent graphitic car­bon; from one m);

• VHTDD009: 13.5 m at 8.21 per cent GC; from 5.5 m (in­clud­ing three me­tres at 10.6 per cent GC; from seven m);

• VHTDD011: 18 m at 5.01 per cent GC; from 2.5 m (in­clud­ing three me­tres at 7.22 per cent GC; from 2.5 m);

• VHTDD012: 34 m at 5.63 per cent GC; from sur­face (in­clud­ing three me­tres at 11.65 per cent GC, from 19 m);

• Re­ceipt of the first and sec­ond batches of drilling as­say re­sults from its re­cent

di­a­mond core drilling pro­gram its 100-per-cent-owned Vo­hit­sara graphite project in Mada­gas­car; in­cor­po­rat­ing two min­er­al­ized holes from the South­west zone and all of the first six as­sayed holes from the Main zone;

• Drilling has con­firmed that free-dig sapro­litic weath­ered ma­te­rial has been de­vel­oped to depths of 17 m to 42 m be­low sur­face, av­er­ag­ing 28 m;

• Twenty-eight holes for a to­tal of 1,040 me­tres drilled have been com­pleted for this pro­gram; which fin­ished dur­ing the first week of Novem­ber, 2017.

(See DNI Ta­ble 1 on page 7)

Dan Weir, chief ex­ec­u­tive of­fi­cer, com­mented: “We con­tinue to be im­pressed and ex­cited with the re­sults be­ing re­turned from our drilling within these two highly prospec­tive tar­gets at our Vo­hit­sara project. Nine of the first 12 holes — in­clud­ing ev­ery one of the holes from the Main zone — re­turned solid in­ter­cepts. Worth not­ing is that, as stated pre­vi­ously, many of the sapro­litic graphite mines around the world pro­duce from an av­er­age in situ grade of 3 to 5 per cent graphitic car­bon. Ob­tain­ing an in­ter­cepted width of 12 me­tres grad­ing 9.28 per cent GC, that in­cludes 4.5 m grad­ing 12 per cent GC, al­most from sur­face, is well above the av­er­age tenor of min­er­al­iza­tion for this area. We are very ex­cited about these re­sults and very much look for­ward to re­ceiv­ing the re­main­ing as­says.”

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

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