DNI Releases Updated Study on Buckton Resource

By Midnight Trader,  January 11, 2013, 01:26:18 PM EDT

DNI Metals Inc. (DNI.V) announced results of its NI-43-101 compliant resource study which consolidates, updates and expands the inferred mineral resource at its Buckton Zone on its Alberta polymetallic black shale project.

The Consolidated and Updated Buckton Mineral Resource Study successfully expands the inferred resource at the Buckton Zone to 3.49 billion short tons.

The study consolidates all previous resource estimates from the Buckton Zone using more current metal prices and a higher base cut-off per recommendations of previous studies.

The study will be revised again in early 2013 to incorporate results from DNI's 2012 drilling to further expand the resource in preparation for a Preliminary Economic Analysis.

DNI shares gained half-a-cent to $0.215 on volume of 61,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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