TSX Venture Exchange Symbol: DNI
TORONTO, April 1, 2014 /CNW/ - DNI Metals Inc.
("DNI") is pleased to announce that grab samples recently
collected from a Due Diligence trip to its newly acquired property
in Madagascar (refer Press Release
dated March 9, 2015) have returned
the following graphitic head grades:
Sample area 1: 9.85% Cgr
Sample area 2: 10.0% Cgr
Sample area 3: 35.5% Cgr
These results are highly encouraging, as they were collected
over a large area of the main mineralised zone; estimated to be
approximately two kilometres in length; and represent the
continuity of the graphite over a large area. Additional
zones have been defined on the property bringing total estimated
mineralised strike to approximately three kilometres.
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.
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 including varying forms of Loss on Ignition (LOI)
testing.
A detailed programme of test pit and auger sampling and mapping
is currently in the advanced stages of planning, with an estimated
start date sometime in late April
2015.
Dan Weir, CEO of DNI commented,
"We are very happy with these results, Madagascar is known for its Large Flake, high
quality Graphite. DNI is looking forward to working in a
countries like Madagascar and
Brazil, which have long histories
of Graphite production"
Further information about DNI, can be found on its website.
www.dnimetals.com
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
DG7 – Frankfurt
Issued: 18,985,702 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.