NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG
FOR: DUMONT NICKEL
Shares Outstanding 21,306,129: Fully Diluted: 24,162,329
ME, CDNX SYMBOL: DNI
AUGUST 21, 2000 - 15:49 EDT
Dumont Discovers New Diamond Occurrence And 35
Lamprophyres In Wawa
TORONTO, ONTARIO--Dumont Nickel Inc. (www.dumontnickel.com; DNI-M;
DNI-V) is pleased to announce the identification of 35
lamprophyres on its Wawa property. To date, samples from only two
of the lamprophyres have been analysed for diamonds.
Sample 4073 (49.2 kg) contained 12 microdiamonds. Eleven of the
diamonds were described as yellow fragments. One of the diamonds
was described as a yellow macle. The sample was collected in
Menzies Township and analysed by caustic fusion by the
Saskatchewan Research Council. (See www.dumontnickel.com/wawa.html
for a picture and analysis details). This new diamond discovery is
6 km northwest of the Band-Ore (www.band-ore.com) GQ discovery in
Musquash Township. Diamonds have also been discovered in the area
by Spider Resources (www.spiderresources.com) and Pele Mountain
Resources (www.pelemountain.com). The second sample, Sample 4074
(56.75 Kg), collected from a micaceous 5-meter wide lamprophyre in
Knicely Twp. did not contain diamonds.
Dr. Jon North, Vice President of Exploration, states that: "With
this new diamond discovery, 11 diamond occurrences have been
discovered in the Wawa area by different companies, including the
previous discoveries by Band-ore, Spider and Pele Mountain. All of
the Wawa diamond occurrences are in mica-rich lamprophyre,
containing fragments of the lower crust. While most world diamond
mines are in kimberlites, the Argyle Mine in Australia
(www.ashton.net.au), which is the world's largest diamond producer
(25% of world production by volume), is in non-kimberlitic rocks
and produces yellow (champagne), pink and colourless diamonds.
These early results confirm the prospective nature of the
lamprophyres on the Dumont claims."
In respect to Sample 4074, Dr. North stated: "The Furnival Lake
lamprophyre in Knicely Twp. is rich in mica and contains fragments
of both the local greenstone belt and the lower crust - features
which are characteristic of the other diamond occurrences in the
Wawa region. It is my opinion that the Furnival Lake lamprophyre
is a 'lahar', a rock-type found in the crater environment of
kimberlite and lamproite pipes, in which diamonds are often found.
The Furnival Lake lamprophyre remains highly prospective and
Dumont plans to obtain a larger sample."
To date, Dumont has identified 35 lamprophyres on its 77 square km
property in Knicely, Lalibert and Menzies Townships, 25 km N of
Wawa. Samples have been taken from 31 of the lamprophyres. The
samples are being held for thin-section and chemical analysis
later in the year.
In August 2000, Dumont also obtained 39 samples from its Due
Diligence property in the Labrador Trough of northern Quebec,
which will be analysed for platinum, palladium and base metals.
Dumont is also exploring for diamonds in the Torngat Mountains of
northern Quebec.
Further details on Dumont and its properties may be obtained at
Dumont's website at www.dumontnickel.com.
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ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. NO REGULATORY
AUTHORITY OR SIMILAR BODY HAS APPROVED OR DISAPPROVED THE
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