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Dumont Nickel Inc

Publié le 30 janvier 2008

EXPANDS U-BEVA URANIUM ZONE AT MARYSVALE PROPERTY, UTAH

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Mots clés associés :   Canada | Copper | Nickel | Uranium | Utah |
NEWS RELEASE � January 30, 2008
 
DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
DUMONT EXPANDS U-BEVA URANIUM ZONE AT MARYSVALE PROPERTY, UTAH
 
DUMONT NICKEL INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that recent field work completed by DUMONT at its Marysvale Uranium Property, Utah, has successfully expanded the U-Beva Uranium Zone.
 
DUMONT�s previous field work over the U-Beva Uranium Zone traced the principal mineralized fault over a 700ft strike length, and defined an approximate 50ft-120ft wide corridor reporting anomalous gamma ray radiometric grades upward to 0.03% eU3O8 (press September 26, 2007). Detailed surface work completed in October-December expanded width of the anomalous corridor to approximately 500ft and confirmed uranium mineralization in outcrops exposed within the corridor.
 
In addition, reconnaissance radiometric surveying of the area surrounding the historic mine has discovered surface uranium anomalies on-trend over a distance of approximately one half mile, suggesting that the U-Beva fault may extend beyond the historic mine workings much further than previously expected. The fault remains �open� along strike in both directions.
 
Primary Uranium mineralization in the Marysvale District occurs in steep epithermal veins which were the focus of historic work. The potential for discovery of re-distributed Uranium mineralization concentrated below surface in favourable lateral units cut by the higher grade veins has not been adequately evaluated. DUMONT�s focus is to test a number of targets for Uranium mineralization leached from the higher grading veins beneath known Uranium showings and historic mines.
 
Work has been ongoing intermittently at the Marysvale Property since September on two of the eighteen high priority uranium targets identified by DUMONT. The two targets are the U-Beva Historic Mine area and the KO prospect, both of which are historic prospects with uranium zones exposed on surface. Results from DUMONT�s field work indicate that both targets hold potential for hosting laterally distributed Uranium mineralization leached from the higher grading historic veins.
 
Historic records describe the U-Beva uranium zone as a shoot in a fault in altered volcanics just below the contact with overlying rhyolite. The historic �pay� zone is reportedly a few feet wide traceable for 140 feet. Though surface samples over the zone are reported to have averaged less than 0.05% U3O8, underground grades ranged 0.4% to 1.1% U3O8 over widths ranging 0.8ft to 3ft. Examination of an excavation on the U-Beva target indicates that uranium mineralization extends laterally from the main fault zone beneath a gently dipping volcanic contact. This observation reinforces the potential of the area to host laterally distributed uranium zones beneath the historic zone, and is corroborated by DUMONT�s recent field work findings.
 
Concurrently with work on the U-Beva Zone, initial sampling and mapping were also completed over the KO Prospect. This work identified shallow?dipping potential redox horizons reporting anomalous uranium from radiometric surveying and rock-chip samples. Discovery of these horizons reinforces the potential for discovery of lateral uranium zones associated with uranium zones so far mapped only on surface. The KO Prospect is, like many others on the Marysvale Property, a uranium prospect in altered zones along faulting in Bullion Canyon volcanics. Historic references to the prospect in geologic literature report grades ranging 0.1% to 0.23% U3O8.
 
Field activities over the Marysvale Property have recessed for the winter and will resume once snow cover has cleared. Given the success thus far at the U-Beva and KO prospects, work previously planned to evaluate several other selected uranium targets will be deferred to concentrate on advancing the U-Beva and KO targets toward drilling as soon as possible. To date, approximately 200 surface samples have been collected by DUMONT and sent for analysis, in addition to completing an aggregate of 3.5 line kilometers of surface radiometric surveys over the U-Beva and KO prospects.
 
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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