DNI concludes verification drill core resampling and advances toward summer drilling on its polymetallic black shale projects,

    




 DNI METALS INC.  

 TORONTO, June 20, 2012 /CNW/ - DNI Metals Inc.   announces that it has made good progress toward resuming drilling on its  Alberta polymetallic black shale projects. Drill permit applications  were submitted a few weeks ago and expectations are that this season's  drill programs will mobilize into the field during July to complete  three drill programs intended: (i) to expand and upgrade the existing  Buckton initial inferred resource; (ii) to commence drill testing of  the Buckton South target which is either an extension of the Buckton  Zone 9km to its south or is a separate mineralized Zone which has been  extensively sampled and trenched on surface in valley walls; and  (iii) to commence probing possible northerly extensions of the Buckton  Zone over at least an additional 6km of strike. The Buckton initial  Base Metals, Uranium and Specialty Metals inferred resource was  announced on October 24, 2011, and related contained REE-Y-Sc-Th  inferred resource was announced on January 16, 2012. 

 Considerable progress has also been made toward the ongoing resource  study relating to mineralized black shales overlying the Buckton  initial inferred resource. The cover rocks had previously been regarded  as "waste" but hold potential for hosting additional mineralized  tonnages from which Base Metals, Specialty Metals and Rare Earth  Elements (REEs) are recoverable by leaching as announced on March 1,  2012. The foregoing resource study relies on drill core samples from  DNI's 2010-2011 drilling, augmented by archived core from historic  drilling over the area verification sampling of which has been  completed (assay results pending). 

 Other work in progress includes bioleaching testwork on samples from  black shales above and beneath the Buckton inferred resource, and  separate collaborative work being carried out at CANMET Mining and  Minerals Science Laboratories. This work entails testwork toward the  commercialization of a heap leaching process for DNI's polymetallic  black shales, specifically focusing on formulating refining procedures  for separation of the various Rare Earth Elements (REEs) from the  leaching solution into saleable end-products, relying on process  technologies from Chinese ionic clay adsorbed REE ores as a guide. 

 DNI also announces that it has granted 500,000 stock options, pursuant  to the Company's Stock Option Plan, to its officers and directors, to  allow for the purchase of up to an aggregate of 500,000 common shares  at a price of 25 cents per share for up to five years. 

 Neither the TSX Venture Exchange nor its Regulation Services Provider  (as that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release. 

 DNI - TSX Venture DG7 - Frankfurt Issued: 69,546,689 post financing 

  



DNI Metals Inc.


CONTACT:  DNI Metals Inc. - Shahe Sabag, President & CEO (416-595-1195) orDenisClement, Chairman (416-364-1909) email [e-mail]. Alsovisit www.dnimetals.com. 


    

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