To: Just G who wrote (18 ) 4/19/1999 7:17:00 PM From: BLZBub Read Replies (2) | Respond to of 236
Dumont Nickel Inc. ("DNI-M") Starts Lac Rocher Drilling TORONTO, ONTARIO-- Dumont Nickel Inc. ("Dumont") and International Kirkland Minerals Inc. ("IKI") announced that drilling will begin on April 20, 1999 at their Foreurs Property contiguous and about 1000 m to the south of Nuinsco. Geophysical surveys in March and early April 1999 have identified two significant IP anomalies. Anomaly A is a moderate-to-strong IP anomaly, following the south limit of a magnetic high for about 1.2 km from line 0 to line 11 E trending ESE. Anomaly B is a moderate-to-strong IP anomaly, coincident with this magnetic high, extends about 0.8 km from line 3E to line 11E near the baseline, also trending ESE. Six drill-holes totalling approximately 1000 meters are planned. The location of the anomalies, anticipated drill-hole locations and selected IP pseudo-sections will be posted on April 20, 1999 on Dumont's website www.dumontnickel.com. Dumont also holds five properties in northern Quebec. Dumont's Lac Raglan property is immediately to the east of Falconbridge's Raglan Mine, where a $580 million mine- mill-town complex commenced commercial production in December 1997. In summer 1998, Dumont carried out a $450,000 surface exploration program, which identified six significant geophysical anomalies. On December 31, 1998, Dumont completed $1,061,500 (net $900,00) in new equity financing at $0.50 per common share. Dumont recently announced a letter of intent with the Hunter Dickinson Group for a $2-$6 million financing for its Lac Raglan property. Dumont plans to commence a drilling program in Raglan in June 1999. 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 Dumont Nickel Inc. Tom Obradovich (705) 567-6883 or Dumont Nickel Inc. Steve McIntyre (416) 368-1013 (416) 364-5400 (FAX) Email: info@dumontnickel.com See our Website: www.dumontnickel.com