Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
BRITISH COLUMBIA – Dunnedin Ventures of Vancouver is spreading its wings. Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite. Now the company announced that it has acquired a 100% interest in a copper-gold porphyry property near Princeton.
Dunnedin acquired the new property from private vendor who will receive $100,00 and 1.8 million Dunnedin shares on closing, another $100,000 cash payment on April 1, 2019, and a 1.25% to 2.00% net smelter royalty payable on three of 28 mineral claims.
The property – rechristened MPD – includes the Man, Prime and Dillard sites in the Quesnel Trough. Previous drilling confirmed that copper occurs over a 10-km2 area. Historically, high gold grades include 7.0 g/t gold and 0.91% copper over 3.0 metres; and 3.6 g/t gold over 12 metres.
For more information on Dunnedin’s gold-copper assets, visit www.DunnedinVentures.com.
