viewDunnedin Ventures, Inc.

Dunnedin Ventures closes acquisition of potentially exciting copper porphyry project in Arizona

The 10 sq km property lies in the prolific mineral producing Basin and Range Province of Arizona

Arizona landscape
Mohave is a copper-moly-silver property in Arizona

Dunnedin Ventures Inc (CVE:DVI) (OTCMKTS:OCPFF) has closed its acquisition of the Mohave copper-moly-silver project in Arizona, potentially opening the door to the company finding a large porphyry style deposit there.

The group first announced the Mohave letter of intent in March this year.  The seller is Bluestone Resources Inc, which has carried out considerable exploration.

The 10 sq km property lies in the prolific mineral producing Basin and Range Province of Arizona, 33km west of Freeport McMoran's Bagdad copper porphyry mine. It is also ideally situated just west of Highway 93 which links Las Vegas and Phoenix.

READ: Dunnedin signs tentative deal to buy copper-molybdenum-silver porphyry project in Arizona

"We are thrilled to close this acquisition which expands Dunnedin's copper portfolio to three advanced stage porphyry projects in North America," said Claudia Tornquist, president and CEO of Dunnedin on Wednesday.

"At Mohave we will benefit from the excellent work done by the previous operator Bluestone from whom we inherited a comprehensive suite of high-quality exploration data.  In 2011 Bluestone drilled 11 core holes and reported anomalous mineralization over significant intervals in all holes."

Tornquist noted that work to date "strongly indicates" the presence of a large system of porphyry style Copper-Moly- Silver mineralization and the firm now has a  number of promising targets to follow-up on in the fall, after the group completes the summer exploration programs on its Canadian porphyry projects -  MPD and Trapper.

Favorable mineralization

At Mohave, Bluestone has reported favorable mineralization at surface to depths of 390 meters from the first drill program in over 20 years, which was 3,500 m in 11 inclined holes in 2011.

Bluestone's work also included ground geophysics, rock and soil geochemical samples, along with detailed lithological-structural-alteration mapping.

Dunnedin said Wednesday that this year's  exploration program at the Arizona project will evaluate historically defined targets, coincident geophysical/geochemical signatures and in particular, numerous anomalies not yet tested by previous drilling.

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Quick facts: Dunnedin Ventures, Inc.

Price: - -

Market: TSX-V
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Dunnedin Ventures, Inc. named herein, including the promotion by the Company of Dunnedin Ventures, Inc. in any Content on the Site, the Company...



Dunnedin Ventures looks to strengthen its copper portfolio in North America

Mining Capital's Alastair Ford says Dunnedin Ventures Inc (CVE:DVI) (OTCMKTS:OCPFF) has some very attractive diamond exploration projects in northern parts of Canada but they're now looking to increase its copper interests. Dunnedin's just signed a letter of intent to acquire 100% of the...

on 15/3/19

2 min read