$DMNKF PR: Vohitsara/Madagascar Graphite Drilling

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Posted On: 06/06/2017 1:35:06 PM

Posted By: Luke_McCain

$DMNKF PR: Vohitsara/Madagascar Graphite Drilling Update

http://www.newsfilecorp.com/release/27229/DNI...te-Project

Quote:
DNI with its partner, Cougar Metals ( CGM.ASX / "Cougar" ) are currently undertaking drilling and trenching on the Vohitsara property, with the goal of developing a NI 43-101 resource study.

Cougar must complete a PEA ('Preliminary Economic Assessment') to NI43-101 standards in order to earn into DNI's Vohitsara graphite project.

Additional drilling has been completed over an additional area of observed graphite mineralisation to the southwest of the main target area. Twelve (12) holes were recently completed in this area. All 12 holes contained graphite, nine holes contained strongly anomalous observed flake graphite. Samples are being dispatched for assay at time of this press release. This is an exciting development for the Company due to the fact that the SW Zone is only 200 metres from the paved national highway and lies adjacent to the Main Zone access road.

The rig has been moved to the Main Zone and a new higher volume air compressor has been brought to site to increase the drilling speed.