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Dumont Nickel Inc

Publié le 10 décembre 2007

DISCOVERS FIVE COLLAPSE FEATURES AT REDWALL URANIUM PROPERTY, ARIZONA STRIP, ARIZONA

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Mots clés associés :   Canada | Copper | Nickel | Uranium | Utah |
NEWS RELEASE � December 10, 2007
 
DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
 
DUMONT DISCOVERS FIVE COLLAPSE FEATURES AT REDWALL URANIUM PROPERTY, ARIZONA STRIP, ARIZONA
 
DUMONT NICKEL INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that, based on field verification work completed in November,  it has discovered five collapse features at its Redwall Uranium Property, Arizona Strip, Arizona. The features are believed to be surface manifestations of buried collapse structures which could be breccia pipes.
 
Exploration of the Redwall Property commenced soon after its acquisition announced in July, 2007. The Property is located in the Arizona Strip region which is a well known corridor across northwest Arizona hosting uranium-bearing solution?collapse "breccia pipes" which typically manifest as subtle circular surface features or saucer shaped depressions. Over 20 million pounds of U3O8 were mined from the area during the 1970�s-1980�s from high grade breccia pipes ranging 0.5%-0.8% U3O8, representing some of the highest grading uranium deposits in the USA.
 
Based on initial work completed in September, DUMONT identified a number of circular photo-anomalies on the Property which are possible manifestations of buried breccia pipes (see press September 26, 2007). More detailed, airphoto and remote imagery interpretation completed during October identified an aggregate of 43 circular targets for ground follow-up, of which 28 targets were examined by DUMONT field crews during November, leading to the discovery of five collapse features. Based on surface geologic disturbances, the collapse features discovered are believed to be surface expressions of buried collapse structures which could be breccia pipes. The five collapse features discovered have diameters ranging 100m to 200m.
 
Field verification of the 15 remaining targets identified for ground follow-up is in progress and scheduled to be completed by Christmas.
 
To date, nearly 200 surface samples have been collected from the Property and sent for analysis, and approximately 11 line kilometers of radiometric surveying have been completed.
 
Expectations are that, once all field verification work has been completed and lab results are received, subsequent field work will rely on drilling of the collapse features discovered to determine whether they are uranium bearing breccia pipes. Future work may also be augmented with geophysical surveys in advance of the contemplated drilling.
 
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
 
DUMONT is a mineral exploration company with operations in Ontario, Utah, Nevada and Arizona. DUMONT is Operator of the Utah Joint Venture which controls approximately 15 square miles of mineral properties across the historic Clifton-Gold Hill gold-silver-copper Mining District. DUMONT is assembling a portfolio of uranium exploration projects across established US historic mining districts. DUMONT holds one of the most prospective land positions in the Attawapiskat diamond area in the James Bay Lowlands, Ontario, with a carried interest in the Dumont Joint Venture exploring the area through Metalex Ventures Limited and others under the direction of Mr.Charles Fipke. All of DUMONT's properties are being actively explored either directly by Dumont or via joint venture.
 
DNI - TSX Venture
DG7 - Frankfurt
Issued: 104,798,010
 
For further information, contact:
Dumont Nickel Inc. - Shahe Sabag, President & CEO or Denis Clement, Chairman (416-595-1195)
email ir@dumontnickel.com. also visit www.dumontnickel.com
 
Link to release on Canada Newswire:
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Dumont Nickel Inc

EXPLORATEUR
CODE : DNI.V
ISIN : CA23327V1094
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Dumont Nickel est une société d’exploration minière de nickel basée au Canada.

Dumont Nickel détient divers projets d'exploration en USA et au Canada.

Ses principaux projets en exploration sont CANE SPRINGS et REDWALL URANIUM en USA et ATTAWAPISKAT DIAMOND PROPERTY, RATTLER, JAMES BAY LOWLANDS CLAIMS et TORNGAT au Canada.

Dumont Nickel est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,9 millions CA$ (1,5 millions US$, 1,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 09 mars 2007 à 9,60 CA$, et son plus bas niveau récent le 30 décembre 2015 à 0,06 CA$.

Dumont Nickel possède 29 590 000 actions en circulation.

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Financements de Dumont Nickel Inc
15/01/2009RE-PRICES OCTOBER, 2008, FINANCING WARRANTS
Projets de Dumont Nickel Inc
30/10/2009(Black Shales)Plans financing for its Polymetallic Black Shales
14/10/2009(Black Shales)Launches carbon capture and sequestration R&D
02/10/2009(Black Shales)Concludes interim financing for its Black Shales Project
20/10/2009(Black Shales)Launches baseline R&D to study Micro-organisms
17/09/2009(Black Shales)COMMENCES BIOLEACHING TESTWORK ON ITS ALBERTA POLYMETALLIC B...
22/09/2009(Black Shales)COMPLETES INTERIM FINANCING FOR ALBERTA POLYMETALLIC BLACK S...
16/07/2009(Black Shales)Concludes interim financing for Alberta Black Shale Project
11/06/2009STARTS METALS RECOVERY TESTWORK AND FILES INDEPENDENT CORROB...
10/03/2009(Black Shales)PLANS FINANCING FOR ITS POLYMETALLIC BLACK SHALE PROJECTS
10/11/2008TECHNICAL REPORT PROPOSES IMMENSE MINERAL POTENTIAL TONNAGES...
10/12/2007(Redwall Uranium) DISCOVERS FIVE COLLAPSE FEATURES AT REDWALL URANIUM PROPERT...
Communiqués de Presse de Dumont Nickel Inc
19/02/2015DNI announces granting of Options
07/04/2011DNI CONCLUDES ADDITIONAL FINANCING TO ADVANCE ITS ALBERTA PO...
28/03/2011DNI CONCLUDES ITS STRATEGIC FINANCING TO ADVANCE ITS ALBERTA...
07/05/2010RECEIVES SHAREHOLDER APPROVAL FOR SHARE CONSOLIDATION AND NA...
12/08/2009COMPLETES FIRST STAGE FIELD PROGRAMS, ALBERTA POLYMETALLIC B...
04/08/2009NICHOLAS TINTOR JOINS DUMONT AS NEW DIRECTOR
17/07/2009SELLS UTAH PROPERTIES FOR CASH PLUS ROYALTY
03/07/2009NEW RESULTS CONFIRM KIMBERLITES ON DUMONT'S ATTAWAPISKAT PRO...
18/02/2009COMPLETES SECOND TRANCHE INTERIM FINANCING FOR ALBERTA POLYM...
02/02/2009COMPLETES ADDITIONAL INTERIM FINANCING FOR ALBERTA POLYMETAL...
04/11/2008DIAMOND HUNT TO RESUME ON DUMONT'S ATTAWAPISKAT PROPERTY UND...
24/09/2008REVISES PLANNED FINANCING TERMS
19/09/2008SHAREHOLDERS APPROVE SHAREHOLDER RIGHTS PLAN
13/08/2008plans financing
29/07/2008EXECUTES SHAREHOLDER RIGHTS PLAN AGREEMENT
17/07/2008ESTABLISHES ADVISORY COMMITTEE
30/01/2008 EXPANDS U-BEVA URANIUM ZONE AT MARYSVALE PROPERTY, UTAH
04/10/2007GOLD PROJECTS UPDATE, CLIFTON-GOLDHILL MINING DISTRICT, UTAH
26/09/2007URANIUM PROJECTS UPDATE, UTAH AND ARIZONA
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