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dunnedin ventures inc (OCPFF) Details

Dunnedin Ventures Inc. explores and develops base and precious metal properties in the Americas. It primarily explores for gold, silver, lead, and zinc deposits. It has an option agreement to acquire 100% interest in the Trapper project covering an area of 3,700 hectares and is located in Atlin Mining Division, northern British Columbia; and an option agreement to acquire up to 65% interest in the Rous Lake and Toothpick properties located in Helmo Disctrict, Ontario. The company was formerly known as Ocean Park Ventures Corp. and changed its name to Dunnedin Ventures Inc. in August 2013. Dunnedin Ventures Inc. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Founded in 1987

dunnedin ventures inc (OCPFF) Top Compensated Officers

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Compensation as of Fiscal Year 2013.

dunnedin ventures inc (OCPFF) Key Developments

Dunnedin Ventures to Acquire the Advanced Stage Kahuna Diamond Project

Dunnedin Ventures Inc. announced that it has entered into a Letter of Intent effective August 15, 2014 (the "LOI"), pursuant to which, and subject to regulatory approval, the Company will acquire the option to earn a 100% interest in the "Kahuna Diamond Project" (the "Project"), located in Nunavut, Canada. Kahuna is an advanced stage high grade diamond project discovered in 2001, located near Rankin Inlet, Nunavut. Three main diamondiferous kimberlite dikes have been discovered, the Kahuna, PST and Notch. These have strike lengths, widths and grades comparable to producing diamond mines. Bulk sampling and drilling on the three main kimberlites has returned very high macrodiamond counts including diamonds over one carat in size. The large diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The majority of diamonds are reported as clear and colourless to white, with a significant population of octahedral stones, however coloured stones have also been reported. The dikes occur within an extensive network of largely untested geophysical targets, which are overlain by dense diamond indicator mineral trains. The Kahuna project comprises 13,000 Ha of mineral claims that cover the three main dikes, plus flanking ground that covers the prospective source regions of the main indicator mineral trains. Most of the diamond occurrences are located between 10 and 20 km of tide water of Hudson Bay. The Kahuna dike is a 5.5 kilometre long, generally 2 to 4 metre wide, steeply-dipping kimberlite body defined by drilling, bulk sampling and geophysics. The average grade of three bulk samples totaling over 360 tonnes is estimated at 1.04 carats per tonne (cpt). The Kahuna dike has been confirmed with 30 drill holes along 4.5 km of strike, but has only been tested to depths of about 100 m. It remains open at depth, and is expected to have significant depth and total volume potential. Average true width is approximately 2.6 m, similar to the Snap Lake mine of DeBeers, in the N.W.T., Canada, which has average width of 2.2 ­ 2.8 m.

Dunnedin Ventures Inc. Proposes Amendment to the Articles

Dunnedin Ventures Inc. announced that its AGM will be held on May 28, 2014, to approve an amendment to the Articles of the corporation adding an advance notice provision for the nomination of directors.

Dunnedin Ventures Inc., Annual General Meeting, May 28, 2014

Dunnedin Ventures Inc., Annual General Meeting, May 28, 2014., at 10:00 Pacific Standard Time. Location: 1600 - 609 Granville Street. Agenda: To receive and consider the audited financial statements for the fiscal year ended September 30, 2013, together with auditors' report thereon; to appoint BDO Canada LLP, Chartered Accountants, as auditors of the company for the ensuing year, at a remuneration to be fixed by the directors; to set the number of directors for the ensuing year at four; to elect directors to hold office until the next annual meeting of the company; to re-approve the company's stock option plan; to approve an amendment to the Articles of the corporation adding an advance notice provision for the nomination of directors; and to transact such other business as may properly come before the meeting or any adjournment thereof.

 

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