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

To: Just G who wrote (27)	5/5/1999 4:20:00 PM
From: BLZBub	Read Replies (1) \| Respond to of 236

Dumont Nickel Inc. ("DNI") Completes Lac Rocher Drilling TORONTO, ONTARIO--Dumont Nickel Inc. ("Dumont") and International Kirkland Minerals Inc. 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. No further work is planned at this time. The expenditures to date are sufficientt to maintain the property in good standing until at least February 2000. 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. -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 www.dumontnickel.com