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Gold/Mining/Energy : DUMONT NICKEL (DNI-M) -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (202)	7/20/1999 10:41:00 AM
From: Just G	Read Replies (1) \| Respond to of 236

Brumell: I sure did! I grabbed some before she jumped back up. Thanks for posting house positions. Regards G

To: Brumell who wrote (202)	7/26/1999 5:39:00 PM
From: Just G	Read Replies (1) \| Respond to of 236

Brumell: This release, must be read carefully, I found myself having to read it over a few times, to fully understand it, and I have taken advantage of the low price. Notice they staked more...very good indication. JustG Canadian Company Press Release DNI 1999-07-26 (provided courtesy of Canadian Corporate News.) register to receive future releases by email from CCN Dumont Confirms Raglan Horizon At Lac Raglan And Doubles Land Holdings TORONTO, ONTARIO--July 23, 1999--During its first two weeks of its 1999 exploration field season, Dumont has confirmed the continuation of the Raglan Horizon on its Lac Raglan Property at locations LR6 and LR7, located to the north of initial drilling at LR1 and LR2. Drilling at LR6 and LR7 commenced on July 22, 1999. Dumont has identified a distinctive sequence of sediments (the "Footwall Sediments") as a marker below the Raglan Horizon. The Footwall Sediments occur in the footwall of the Katinniq and Donaldson Mines. Dumont has identified the Footwall Sediments in contact with overlying ultramafic flows at target areas LR6 and LR7 approximately 5 km east of the Donaldson Mine. LR6 is a peridotite body 1700 m long with two 100 m thick lobes; disseminated sulphides occur over a strike length of 600 m in the east lobe; dunites were observed at the base of the west lobe. LR7 is a peridotite body 1300 m long with two 100 m thick lobes; two boulders with disseminated sulphides were discovered. At both LR6 and LR7, the peridotites are in contact with the Footwall Sediments. Four drill-holes are planned - one in each lobe. Dumont has also identified a distinctive pyroxenite unit in the hangingwall stratigraphy above the peridotites, thereby enabling Dumont to optimize exploration along the Raglan Horizon. Dumont has completed eight drill-holes (1,552 meters) at targets LR1 and LR2. No economic values were obtained at LR1 or are expected at LR2. Dumont had previously modelled the Raglan Horizon as passing through LR1 and LR2. It has become clear that LR1 and LR2 are lower in the stratigraphy and to the south of where the Raglan Horizon passes through Dumont's property at LR6 and LR7. Dumont also announces that it has staked in its own name three new Exploration Permits covering 336 sq. km. on the interpreted extension of the Raglan Horizon to the east of its initial holdings and around a fold nose to the north east. Reconnaissance mapping has confirmed the presence of the Footwall Sediments underlying komatiite flows at the fold nose, which is located 45 km to the east of LR6. Dumont has identified the Raglan Horizon for a further 20 km on the north limb to the NW and has staked an additional 25 km of potential Raglan Horizon further to the NW. To date, Dumont has identified nineteen targets with magnetic anomalies (characteristic of peridotite bodies) in contact with the Footwall Sediments. Mapping of these 19 targets has commenced. Dr. Jon North, Vice President, Exploration, in a statement said "In preparing Dumont's 1999 drilling program based on data from the 1998 field season, we planned to test two possible locations for the Raglan Horizon on our property: the LR1-LR2 horizon and the LR6-LR7 horizon. In the first two weeks, we have explored and obtained critical information that enabled us to conclude that LR6 andLR7 are on the Raglan Horizon. We have also established that targets on the north contact of the Footwall Sediments continue much further to the east than previously known and we now control over 65 km of this key horizon." Further details on Dumont and its properties 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. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Dumont Nickel Inc. Denis Clement (416) 364-5569 or Tom Obradovich (705) 567-6883 or Steve McIntyre (416) 368-1013 (416) 364-5400 (FAX) Email info@dumontnickel.com -------------------------------------------------------------------------------- Legal Notices Privacy Statement -------------------------------------------------------------------------------- New User Français Corporate Links Basic Plus Industry Watch About Carlson Online Basic About Carlson Online Plus About Carlson Online industry watch Quotes & Market Stats Equity Search Today's Headlines Compare Equities Canadian Company information Insider Trades US company information Short Positions © Copyright Carlson Online Services Inc, 1996-1999. All rights reserved.