The news release was changed. Its worth reposting. Here it is.
Wednesday May 5, 5:33 pm Eastern Time
Company Press Release
CORRECTION FROM SOURCE: Dumont Nickel
Inc. ("DNI") Completes Lac Rocher Drilling
TORONTO, ONTARIO--
In the news release earlier today, an error occurred in the second paragraph. The correct text is as follows.
Dumont Nickel Inc. (''Dumont'') and International Kirkland Minerals Inc. (''Kirkland'') have completed a 5-hole drill program
totalling 750 meters on the Foreurs Property located in Lac Rocher, Quebec. The Foreurs Property consists of 15 claims
covering an area of 240 hectares tied on to the southern border of the Nuinsco Resources Limited discovery, north of
Matagami, Quebec, east of Lac Rocher.
Two strong IP anomalies were tested. The anomalies were caused by disseminated to semi-massive pyrrhotite and/or pyrite in
gneisses, amphibolites and fractured granite dykes. None of the samples contained anomalous values of Ni, Cu, Au, Ag or Zn.
No late mafic-ultramafic intrusions were discovered near surface. The expenditures to date are sufficient to maintain the
property in good standing until at least February 2000. Foreurs is strategically located with respect to the Nuinsco discovery.
Based on extensive reported Nuinsco drilling, some of which is within 400m northeast of Foreurs, the program at Foreurs will
now focus on the possibility that a feeder system or other component of the Nuinsco host gabbro may exist at depth in the
north portion of Foreurs. To follow-up structures or zones which may extend onto Foreurs, Dumont and Kirkland plan to
review existing geophysical data and schedule deep penetration time domain EM surveys to identify additional, deeper drill
targets on or near Nuinsco's southern border.
Dumont's principal focus is its Lac Raglan Property, where drilling is planned in June 1999. Dumont's 178 sq km Lac Raglan
property covers 31 km of the favourable Raglan Horizon immediately to the east of Falconbridge's Raglan mining operation.
Falconbridge opened its Raglan operations in December 1997 at a cost of Cdn $580 million. Based upon a reserve of 22.1
million tonnes averaging 3.06 percent Ni, 0.87 percent Cu and significant grades of platinum-group elements, Falconbridge's
Raglan Mine is scheduled to produce 130,000 t/y of high grade nickel-copper concentrate for the recovery of 21,000 t of
nickel, 5,000 t of copper, 200 t of cobalt and significant quantities of platinum group elements at a production of cost of just
US$1.50/lb of nickel. This makes the mine one of the lowest cost nickel operations in the world. (Mining Magazine, November
1998) Falconbridge's Raglan property hosts a series of high-grade deposits, grouped into major ore zones hosted within the
Raglan Horizon. These major zones include Donaldson (3,510,000 tonnes at 3.75 percent Ni, 0.83 percent Cu, 6.6 g/t PGE),
Katinniq (8,970,000 tonnes at 3.06 percent Ni, 0.89 percent Cu), Zone 2 (2,650,000 tonnes at 2.62 percent Ni, 0.84 percent
Cu) and Cross Lake (2,000,000 tonnes at 2.06 percent Ni, 1.05 percent Cu, 5.95 g/t PGE). (Falconbridge, PDA, March
1998)
Dumont has completed a second and final closing on May 3, 1999 of $250,000 pursuant to its previously-announced
prospectus offering, through the issuance of 500,000 (non-flow-through) common shares at $0.50.
Further details may be obtained at Dumont's website at www.dumontnickel.com.
THIS PRESS RELEASE WAS PREPARED BY DUMONT NICKEL INC., WHICH ACCEPTS THE
RESPONSIBILITY AS TO ITS ACCURACY. NO REGULATORY AUTHORITY OR SIMILAR BODY HAS
APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
Contact:
Dumont Nickel Inc.
Denis Clement
(416) 364-5569
or
Dumont Nickel Inc.
Tom Obradovich
(705) 567-6883
or
Dumont Nickel Inc.
Steve McIntyre
(416) 368 - 1013
www.dumontnickel.com
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