DNI METALS INC DNI METALS INC. - September 11, 2015
DNI Metals Inc.-Graphite-Madagascar-13.14% Cgr average head grade (up to 25.3%) over 20 meters
DNI METALS INC. (DNI : TSX-Ven)(DG7 : Frankfurt)
DNI, is pleased to announce that it has received initial assay results from two (2) of the trenches that were completed during the initial field campaign at its fully permitted 'Vohitsara' Graphite project in Madagascar.
On July 29, 2015, DNI announced that it had completed its initial Phase 1 development program over the Vohitsara project. This phase comprised ground (EM & magnetic) geophysics over and close to the old French mine workings, and excavation of several trenches in the same area. Trenches extended from one (1) to three (3) metres below natural surface.
DNI's team of professionals have successfully delineated a main zone of mineralization that extends in excess of 2 km's and averages between 300 to 400 meters in width.
The total initial target area extends for 900m along strike; averaging 400m wide. Importantly, there are at least two (2) additional graphite-bearing zones on the property that have not been fully studied.
The group focused on an area that showed large flake Graphite, had historical mining, and that had mineralization close to surface. Results received to date are as follows:
Tr02 - Hilltop - 86m AMSL:
21m averaging 3.41% Cgr:
Including 2m @ 6.95% Cgr & 3m @ 5.40% Cgr
Tr03 - Side-cut of local topographic high - 25m below peak and 66m AMSL:
21m averaging 13.14% Cgr;
Including 5m @ 18.48% Cgr (incl. 1m @ 25.3% Cgr) & 4m @ 13.75 Cgr)
A full listing of assay results received is listed in the table following.
Dan Weir, CEO of DNI commented, "We are extremely pleased with these results. Having a deposit that is quite literally a hill of graphite, with the potential of a zero or even negative strip ratio, gives DNI a significant cost advantage.
DNI has signed a LOI to acquire a Laboratory and Technical Solution Centre. This facility will allow DNI to save time and hundreds of thousands of dollars in assaying, and pilot plant work for the Madagascar project. The building can be used to upgrade (purify/shape/coat) graphite.
On the wholesale side, DNI has delivered its first 20 tonne container of graphite from Brazil to Canada.
With a graphite project in Madagascar, a graphite wholesale business, and a facility 20 mins from downtown Toronto, DNI is moving very quickly to becoming a vertically integrated graphite company.
I am very proud of our whole team, here in Canada, Brazil and Madagascar."
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 NI43-101 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; inclusive of varying forms of Loss on Ignition (LOI) testing.
About DNI
DNI Metals Inc. is graphite-focused company currently developing its flagship Vohitsara project in Madagascar. The project has recently received a full mining permit and development of an NI43-101 compliant resource is underway. Vohitsara is located 50km by paved road from the principal commercial port of Madagascar at Toamasina; with the main mineralization less than two km from this highway.
DNI also has a wholesale graphite trading division and has recently entered into an LOI to acquire a fully operational commercial laboratory; fully capable in analyzing all aspects of graphite ores.
DNI plans to provide its clients with a Secure, Reliable and Consistent source of Graphite. DNI is supplying a Chinese alternative.
Further information about DNI, can be found on its website. www.dnimetals.com
SUMMARY OF ASSAY RESULTS: TRENCHES 01 & 02
| Sample Number | Sample ID | %Cgr |
| E5203779 | Tr02-01 | 5.90 |
| E5203780 | Tr02-02 | 4.10 |
| E5203781 | Tr02-03 | 2.45 |
| E5203782 | Tr02-04 | 1.97 |
| E5203783 | Tr02-05 | 1.56 |
| E5203784 | Tr02-06 | 1.29 |
| E5203785 | Tr02-07 | 0.95 |
| E5203786 | Tr02-08 | 2.80 |
| E5203787 | Tr02-09 | 10.60 |
| E5203788 | Tr02-10 | 3.30 |
| E5203789 | Tr02-11 | 1.24 |
| E5203790 | Tr02-12 | 1.53 |
| E5203791 | Tr02-13 | 4.17 |
| E5203792 | Tr02-14 | 5.00 |
| E5203793 | Tr02-15 | 6.50 |
| E5203794 | Tr02-16 | 4.70 |
| E5203795 | Tr02-17 | 4.65 |
| E5203796 | Tr02-18 | 3.44 |
| E5203797 | Tr02-19 | 1.38 |
| E5203798 | Tr02-20 | 0.55 |
| E5203799 | Tr02-21 | 3.45 |
| E5203800 | Tr03-01 | 12.60 |
| E5203801 | Tr03-02 | 10.40 |
| E5203802 | Tr03-03 | 11.00 |
| E5203803 | Tr03-04 | 10.20 |
| E5203804 | Tr03-05 | 17.60 |
| E5203805 | Tr03-06 | 25.30 |
| E5203806 | Tr03-07 | 15.70 |
| E5203807 | Tr03-08 | 15.90 |
| E5203808 | Tr03-09 | 17.90 |
| E5203809 | Tr03-10 | 12.40 |
| E5203810 | Tr03-11 | 6.50 |
| E5203811 | Tr03-12 | 9.00 |
| E5203812 | Tr03-13 | 9.50 |
| E5203813 | Tr03-14 | 12.20 |
| E5203814 | Tr03-15 | 11.80 |
| E5203815 | Tr03-16 | 9.80 |
| E5203816 | Tr03-17 | 15.00 |
| E5203817 | Tr03-18 | 12.10 |
| E5203818 | Tr03-19 | 13.50 |
| E5203819 | Tr03-20 | 14.40 |
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: 29,586,204 common shares
For further information, contact:
DNI Metals Inc. - Dan Weir, President & CEO 416-595-1125
DanWeir@dnimetals.com
email ir@dnimetals.com. Also visit www.dnimetals.com
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