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PRESS RELEASE
DUMONT NICKEL INC. - September 28, 2005
DUMONT DISCOVERS PORPHYRY TARGET AT KIEWIT WEST, UTAH
DUMONT NICKEL INC.
(DNI: TSX-Ven) is pleased to announce that the geophysical
survey completed over the Kiewit Property to define extensions of
the gold Zone beneath limestone cover identified a 1 mile
Resistivity anomaly, flanking the Zone. The anomaly is reinforced by
several other coincident anomalies, over an approximate 1 mile by 1
mile area, from historic third-party geophysical work, by
topographic anomalies, and is further supported by considerable
geological evidence since gathered from field verification work.
Overall, the multiple coincident anomalies are suggestive of the
presence of extensive alteration and mineralization created by an
intrusive stock. The geophysical evidence, taken with geological
field evidence, support the presence of a hydrothermal system
consistent with a porphyry sulfide model.
The anomalous area is flanked on its west by a series of historic
copper, copper-tungsten, and copper-gold-silver mines, and on its
east by lead-silver-gold mines, gold-copper mines and by gold-only
showings. The anomalous area partly underlies a corridor of
exhalatives including andesitic and rhyolitic porphyry tuffs, ashy
tuffs, diatreme and other small siliceous plugs collectively
demarkating a zone of considerable venting and fluid activity. Other
geological features supporting a porphyry model include the presence
of hydrothermal cherts, large barite veining and localized doming.
DUMONT is very pleased by these developments
and is actively advancing the target toward the drilling stage.
Several other localities with similar geological “signature” have
since also been identified elsewhere on the Utah Properties. All of
these localities merit immediate additional detailed follow-up.
The 7.5 square kilometer geophysical survey was completed during
June over the entire Kiewit Project Area to trace extensions of the
stockworks gold Zone down-dip and on-strike beneath limestone
covering approximately half of the western parts of the Zone. The
secondary objective of the survey was to probe for a possible
mineralizing feeder system to support better localization of deep
drilling targets beneath the Zone. The survey entailed concurrent
Gradient Array Resistivity and Spontaneous Potential Gradient
surveying over a 30mx100m grid spacing.
The geophysical work was successful in tracing extensions of the
better grading gold sections within the stockworks zone and results
have enabled targeting of holes for the next stage of planned
drilling.
2005 TORONTO RESOURCE INVESTMENT CONFERENCE, OCTOBER 2-3, 2005
DUMONT will be presenting at the upcoming 2005 Toronto Resource
Investment Conference, October 2-3, Booth 129, at the Metro Toronto
Convention Centre, Canada. DUMONT's
representatives will be available for discussion.
DUMONT is a mineral exploration company with
operations in Ontario, Utah and Nevada. DUMONT
is Operator of the Utah Joint Venture which now controls
approximately 33 contiguous square miles of mineral properties
across the historic Clifton-Gold Hill gold-silver-copper Mining
District. DUMONT holds one of the largest prospective land positions
in the Attawapiskat diamond area in the James Bay Lowlands, Ontario,
with a carried interest in the Dumont Joint Venture previously
announced by Metalex Ventures Limited and others actively exploring
the area under the direction of Mr.Charles Fipke. All of DUMONT's
properties are being actively explored either directly by DUMONT
or via joint venture.
The Qualified Person in connection with this press release and in
respect of the Utah projects is Shahé F.Sabag P.Geo, President and
CEO of Dumont who is responsible for verification and quality
assurance of the exploration data and analytical results set forth
in this release.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture. Issued: 76,057,677
For further information, contact Shahe Sabag, President & CEO
(416-595-1195) or Denis Clement, Chairman (416-364-1909) - or visit
www.dumontnickel.com |
