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Dumont Nickel Inc

Publié le 26 septembre 2007

URANIUM PROJECTS UPDATE, UTAH AND ARIZONA

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Mots clés associés :   Canada | Copper | Nickel | Uranium | Utah |
NEWS RELEASE � September 26, 2007
 
DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
DUMONT URANIUM PROJECTS UPDATE, UTAH AND ARIZONA
 
DUMONT NICKEL INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce progress updates from its uranium projects, Utah and Arizona.
 
MARYSVALE URANIUM PROPERTY, MARYSVALE URANIUM DISTRICT, UTAH
DUMONT announced on June 19, 2007, staking of a 20 square mile land position over uranium showings and historic uranium mine workings in the western part of the Marysvale Uranium District, in central Utah. Some of the mineral showings also carry Gold. The staked land position was prioritized after initial field verification based on geologic and logistical criteria to retain an approximate 6 square mile land position held under 157 select lode claims and one mineral lease.
 
Approximately 1.1 million pounds of U3O8 were produced from the Marysvale District during the 1950�s-1960�s. Historic grades typically ranged 0.1% to 0.2% U3O8, with higher grades ranging 0.2% to 0.4% U3O8, to as high as 1.1% U3O8 reported from an underground cut at the historic U-Beva Mine located on DUMONT�s claims.
 
Primary Uranium mineralization in the 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 and these units remain under-explored. DUMONT�s focus is to test a number of targets for Uranium mineralization leached out from the higher grading veins beneath known Uranium showings and historic mines.
 
Relying on historic records, approximately thirty uranium targets were identified by DUMONT on the Property. The targets typically represent well defined zones of extreme clay alteration associated with structures related to the rim of the Mount Belknap volcanic caldera. Many of the targets identified also host Uranium showings, prospects or historic mine workings, and are prospective areas for concentration of subsurface lateral uranium zones. Based on July-August field work, eighteen high priority targets were selected to be followed up with field work.
 
Mapping and sampling of two of the targets selected, the historic U-Beva Mine area and the KO prospect, has been in progress since early August, intermittently interrupted by an exceptionally bad fire season in Utah. Work completed consists of mapping, rock and soil sampling programs in conjunction with surface radiometric surveys. The two targets are described below.
 
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, with underground grades ranging 0.4% to 1.1% U3O8 over widths ranging 0.8ft to 3ft. Historic surface samples over the zone are reported to have averaged less than 0.05% U3O8.  The U-Beva historic mine comprises 90 feet of underground workings surrounded by several hundred feet of bulldozer trenches and pits. There are no detailed historic records of production and related grades, beyond fragmented references in geologic literature to approximately 5,000 tons having been extracted from material grading 0.2% U3O8.
 
DUMONT�s work over the U-Beva target has so far identified and traced the principal mineralized fault over a 700ft strike length, and has defined an approximate 50ft-120ft wide corridor reporting anomalous gamma ray radiometric grades upward to 0.03% eU3O8. The U-Beva fault is �open� along strike in both directions. 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.
 
Samples of rock and soil have been sent for  assay and many more will follow. Further work to be completed over the U-Beva target before the onset of winter snow includes additional surface sampling to extend the mineralized fault, in conjunction with geochemical and geophysical work toward identifying drill targets for 2008 drilling. A NI-43-101 property report is being prepared and will shortly be available from DUMONT�s website and from www.sedar.com.
 
The KO prospect is, like many others on the 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.
 
DUMONT�s work over the KO prospect has identified several potential shallow dipping redox horizons possibly at the contact between two volcanic cycles. These horizons report anomalous uranium from radiometric surveying. Mapping and sampling are in progress.
 
In addition to the U-Beva and KO targets, three other prospective selected uranium targets are slated for reconnaissance field work to commence shortly.
 
REDWALL URANIUM PROPERTY, ARIZONA STRIP, ARIZONA
DUMONT announced on July 11, 2007, its acquisition of the Redwall Property, a 4.7 square mile Property in the Arizona Strip, located in northwestern Arizona near the Utah border. The Arizona Strip region is a well known corridor across northwest Arizona hosting uranium-bearing solution?collapse "breccia pipes".
 
Acquisition of the Redwall Property was concluded during early August. Following initial reconnaissance field work portions of the Property were prioritized to retain a 4.3 square mile land position comprising 132 lode claims.
 
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 US. The area is under active exploration by several companies and hosts a number of uranium deposits awaiting production.
 
Known breccia pipes in the Arizona Strip region typically manifest as subtle circular surface features, or depressions, with variable degrees of related geologic and geophysical disturbance. Based on its initial work and field inspection, DUMONT has identified eighteen circular photo-anomalies on the Redwall Property which are possible manifestations of buried breccia pipes. These provide good first-order targets for follow-up. Field work has started on two of the targets identified including mapping, initial sampling and orientation surface geophysical work. Additional field work is slated for late Fall and winter.
 
OTHER URANIUM PROJECTS, CANADA AND USA
DUMONT continues to review a number of other properties and opportunities in established mining districts for future acquisition.
 
The Qualified Person in connection with this press release is S.F.Sabag P.Geo, President and CEO of Dumont. Uranium concentrations reported herein as eU or eU3O8 are estimates obtained from field measurements using a hand-held gamma ray spectrometer. The estimates rely on the measurement of 214Bi and 214Pb isotope abundances which may or may not be not be in equilibrium with uranium, hence the estimates may be higher or lower than actual concentrations of uranium in the sample material. The estimates are indirect measurements based on the assumption of equilibrium conditions and are, accordingly, reported as �equivalent� uranium (eU)  or �equivalent� oxide (eU3O8). To establish equilibrium corrections, if any, comparison of the gamma ray measurements with direct geochemical analyses of the mineralized sample material is required. There are no geochemical data in hand at this time to afford a �calibrative� comparison.
 
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: 96,198,010
 
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
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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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