TORONTO, April 2 /PRNewswire-FirstCall/ - Duluth Metals Limited ("Duluth
Metals") (TSX: DM) (TSX:DM.U) today announced it had intersected a new
footwall zone of higher grade mineralization in the Giants Range Batholith
below the lower contact of the Duluth Complex where the main Nokomis
copper-nickel-PGE mineralization is situated. Hole MEX-084, cut 0.850% copper,
0.302% nickel with 0.916 grams per tonne (g/t) of Total Precious Metals (TPM =
Platinum+Palladium+Gold) and 3.18 g/t silver over 137.8 feet. The lower part
of this interval includes 68.9 feet at 1.03% copper, 0.270% nickel with 1.068
g/t TPM and 4.08 g/t silver.
Hole MEX-086, drilled 200 metres south of MEX-084, also intersected high
grade mineralization within the new horizon below the Nokomis deposit. MEX-086
intersected 120.0 feet of 0.921% copper, 0.290% nickel, with 0.974 g//t TPM
and 3.53 g/t silver within the Nokomis horizon, and then intersected two high
grade zones 55 and 190 feet below the main mineralization. These high grade
zones assayed 1.705% copper, 0.427% nickel with 1.395 g/t TPM and 5.75 g/t
silver over 10.0 feet and 1.390% copper, 0.199% nickel with 2.809 g/t TPM and
11.33 g/t silver over 15.0 feet, respectively.
"These results from MEX-084 open up a new dimension to this project",
stated Dr. Henry Sandri, President and CEO of Duluth, "In addition, results
from our recent drilling on the Nokomis horizon in this same area are
returning some of the best intersections we have drilled to date. The new high
grade footwall mineralization adds significantly to the potential in this
area, particularly when one considers that historic hole NM-04, located just
south of our property boundary, reportedly intersected 130 feet of 0.87%
copper, 0.06% nickel, including 30 feet of 1.55% copper, 0.10% nickel within
these same footwall rocks about three quarters of a mile southeast of MEX-084
and MEX-086."
Holes MEX-088 and MEX-090, drilled 200 to 400 meters to the east of
MEX-084 and MEX-086 extended the Nokomis deposit down dip to the east in this
area. MEX-088, the furthest hole down-dip in this area intersected 0.939%
copper, 0.223% nickel with 1.691 g/t TPM and 3.48 g/t silver over 152.4 feet,
making it one of the best holes drilled on the property. Further drilling will
be needed to delineate mineralization to the south.
A more detailed summary of the assay results for holes MEX-084, MEX-086,
MEX-088 and MEX-090 all drilled in the southwest area, can be found in the
table below. True width is estimated at about 90% of core length.
HOLE ZONE FROM TO LENGTH COPPER NICKEL TPM(x)
(feet) (feet) (feet) (%) (%) (g/t)
MEX-84 at 0.3% Cu cut-off 2849.7 3125.3 275.6 0.680 0.242 0.687
at 0.5% Cu cut-off 2898.9 2943.1 44.2 0.661 0.188 0.601
at 0.5% Cu cut-off 2972.6 3110.4 137.8 0.850 0.302 0.916
including 3041.5 3110.4 68.9 1.033 0.270 1.068
MEX-86 at 0.3% Cu cut-off 2898 3093 195 0.784 0.248 0.780
at 0.5% Cu cut-off 2898 3008 110 0.961 0.302 1.029
including 2913 2968 55 1.167 0.365 1.308
at 0.5% Cu cut-off 3073 3083 10 1.705 0.427 1.395
at 0.3% Cu cut-off 3163 3188 25 0.408 0.081 0.382
at 0.5% Cu cut-off 3208 3223 15 1.390 0.199 2.809
MEX-88 at 0.5% Cu cut-off 3430.3 3582.7 152.4 0.939 0.223 1.691
including 3435.1 3489.3 54.2 1.191 0.263 2.169
MEX-90 at 0.3% Cu cut-off 2993 3178 185 0.604 0.182 0.719
at 0.5% Cu cut-off 2993 3093 100 0.736 0.215 0.936
including 2998 3003 5 1.005 0.271 1.136
and 3038 3053 15 1.022 0.345 2.114
at 0.5% Cu cut-off 3123 3138 15 0.796 0.194 0.615
(x)Total Precious Metals = Platinum+Palladium+Gold
Complete gold, platinum, and palladium assays for MEX-84, 86, 88 and 90
are as follows:
PALLA-
HOLE ZONE FROM TO LENGTH GOLD PLATINUM DIUM
(feet) (feet) (feet) (g/t) (g/t) (g/t)
MEX-84 at 0.3% Cu cut-off 2849.7 3125.3 275.6 0.096 0.180 0.411
at 0.5% Cu cut-off 2898.9 2943.1 44.2 0.106 0.141 0.354
at 0.5% Cu cut-off 2972.6 3110.4 137.8 0.119 0.247 0.551
including 3041.5 3110.4 68.9 0.146 0.286 0.637
MEX-86 at 0.3% Cu cut-off 2898 3093 195 0.112 0.194 0.475
at 0.5% Cu cut-off 2898 3008 110 0.149 0.260 0.620
including 2913 2968 55 0.173 0.348 0.787
at 0.5% Cu cut-off 3073 3083 10 0.179 0.282 0.935
at 0.3% Cu cut-off 3163 3188 25 0.058 0.110 0.215
at 0.5% Cu cut-off 3208 3223 15 0.459 0.747 1.603
MEX-88 at 0.5% Cu cut-off 3430.3 3582.7 152.4 0.199 0.468 1.023
including 3435.1 3489.3 54.2 0.226 0.584 1.359
MEX-90 at 0.3% Cu cut-off 2993 3178 185 0.097 0.222 0.400
at 0.5% Cu cut-off 2993 3093 100 0.125 0.316 0.496
including 2998 3003 5 0.161 0.287 0.688
and 3038 3053 15 0.187 1.065 0.862
at 0.5% Cu cut-off 3123 3138 15 0.099 0.158 0.359
A "MEX 84-95 Location Map" highlighting these holes as well as other holes
discussed in this release can be found on our Company website at
www.duluthmetals.com
Holes MEX-085, 092, and 095 are step-out holes that have extended the
mineralization of the eastern Nokomis block outline to the north and east.
MEX-095 intersected 236.2 feet of 0.628% copper, 0.141% nickel and 0.472 g/t
TPM including 142.6 feet of 0.745% copper, 0.200% nickel and 0.567 g/t TPM
with one 14.8 foot section of 0.977% copper, 0.312% nickel and 0.985 g/t TPM.
HOLE ZONE FROM TO LENGTH COPPER NICKEL TPM(x)
(feet) (feet) (feet) (%) (%) (g/t)
MEX-85 at 0.3% Cu cut-off 3169.4 3263 93.6 0.472 0.141 0.472
at 0.5% Cu cut-off 3228.5 3263 34.5 0.584 0.169 0.599
MEX-92 at 0.3% Cu cut-off 2913.6 2992.3 78.7 0.574 0.183 0.488
at 0.5% Cu cut-off 2948.1 2992.3 44.2 0.659 0.188 0.474
at 0.3% Cu cut-off 3031.7 3051.4 19.7 0.508 0.100 0.445
including 3041.5 3046.5 5 0.996 0.127 0.890
MEX-95 at 0.3% Cu cut-off 2815.2 3051.4 236.2 0.628 0.167 0.457
at 0.5% Cu cut-off 2820.2 2962.8 142.6 0.745 0.200 0.567
including 2834.9 2849.7 14.8 0.977 0.312 0.985
at 0.5% Cu cut-off 2992.3 3017 24.7 0.649 0.179 0.457
(x)Total Precious Metals = Platinum+Palladium+Gold
Complete gold, platinum and palladium assays for MEX 85, 92 and 95 are as
follows:
PALLA-
HOLE ZONE FROM TO LENGTH GOLD PLATINUM DIUM
(feet) (feet) (feet) (g/t) (g/t) (g/t)
MEX-85 at 0.3% Cu cut-off 3169.4 3263 93.6 0.073 0.125 0.273
at 0.5% Cu cut-off 3228.5 3263 34.5 0.097 0.160 0.342
MEX-92 at 0.3% Cu cut-off 2913.6 2992.3 78.7 0.064 0.132 0.293
at 0.5% Cu cut-off 2948.1 2992.3 44.2 0.068 0.123 0.283
at 0.3% Cu cut-off 3031.7 3051.4 19.7 0.069 0.119 0.258
including 3041.5 3046.5 5 0.132 0.239 0.519
MEX-95 at 0.3% Cu cut-off 2815.2 3051.4 236.2 0.061 0.109 0.287
at 0.5% Cu cut-off 2820.2 2962.8 142.6 0.071 0.137 0.359
including 2834.9 2849.7 14.8 0.101 0.225 0.659
at 0.5% Cu cut-off 2992.3 3017 24.7 0.066 0.106 0.285
Holes MEX-87, 89, 91, 93, and 94 are step-out holes largely immediately
south of the central part of the Nokomis Deposit. The highlight from this
series of holes are higher TPM grades than the TPM grades of the qualified NI
43-101 Nokomis resource.
HOLE ZONE FROM TO LENGTH COPPER NICKEL TPM(x)
(feet) (feet) (feet) (%) (%) (g/t)
MEX-87 at 0.3% Cu cut-off 2778 2843 65 0.537 0.154 0.627
at 0.5% Cu cut-off 2793 2833 40 0.671 0.173 0.769
at 0.3% Cu cut-off 2863 2893 30 0.384 0.117 0.465
MEX-89 at 0.3% Cu cut-off 3088 3098 10 0.470 0.136 0.587
MEX-91M at 0.3% Cu cut-off 2813 2928 115 0.591 0.224 0.597
at 0.5% Cu cut-off 2813 2858 45 0.651 0.272 0.644
at 0.5% Cu cut-off 2878 2928 50 0.610 0.167 0.614
MEX-93 at 0.3% Cu cut-off 3085.9 3154.8 68.9 0.546 0.149 0.535
at 0.5% Cu cut-off 3090.7 3125.2 34.5 0.659 0.184 0.663
at 0.3% Cu cut-off 3189.1 3327 137.9 0.492 0.132 0.527
at 0.5% Cu cut-off 3189.1 3272.8 83.7 0.567 0.148 0.630
MEX-94 at 0.3% Cu cut-off 2983 3128 145 0.470 0.124 0.485
at 0.5% Cu cut-off 3028 3063 35 0.550 0.159 0.543
at 0.5% Cu cut-off 3098 3108 10 0.908 0.178 0.985
at 0.5% Cu cut-off 3118 3128 10 0.809 0.100 0.739
(x)Total Precious Metals = Platinum+Palladium+Gold
Complete gold, platinum and palladium assays for MEX 87, 89, 91, 93 and 94
are as follows:
PALLA-
HOLE ZONE FROM TO LENGTH GOLD PLATINUM DIUM
(feet) (feet) (feet) (g/t) (g/t) (g/t)
MEX-87 at 0.3% Cu cut-off 2778 2843 65 0.093 0.166 0.368
at 0.5% Cu cut-off 2793 2833 40 0.118 0.202 0.450
at 0.3% Cu cut-off 2863 2893 30 0.062 0.128 0.274
MEX-89 at 0.3% Cu cut-off 3088 3098 10 0.100 0.147 0.340
MEX-91M at 0.3% Cu cut-off 2813 2928 115 0.080 0.167 0.350
at 0.5% Cu cut-off 2813 2858 45 0.087 0.183 0.374
at 0.5% Cu cut-off 2878 2928 50 0.082 0.170 0.362
MEX-93 at 0.3% Cu cut-off 3085.9 3154.8 68.9 0.082 0.140 0.313
at 0.5% Cu cut-off 3090.7 3125.2 34.5 0.097 0.176 0.391
at 0.3% Cu cut-off 3189.1 3327 137.9 0.084 0.135 0.308
at 0.5% Cu cut-off 3189.1 3272.8 83.7 0.102 0.163 0.365
MEX-94 at 0.3% Cu cut-off 2983 3128 145 0.071 0.121 0.293
at 0.5% Cu cut-off 3028 3063 35 0.077 0.137 0.330
at 0.5% Cu cut-off 3098 3108 10 0.154 0.260 0.571
at 0.5% Cu cut-off 3118 3128 10 0.122 0.197 0.420
For the 2008 drill program, half core samples have been prepared at ALS
Chemex Ltd. laboratories in Thunder Bay and then shipped to its analytical
facilities in Vancouver. Samples are being analyzed for Au, Pt, and Pd using a
standard fire assay with an ICP finish and for 27 other elements using a four
acid (near total) digestion and a combination of ICPMS and ICPAES. ICP over
limits were re-analyzed using sodium peroxide fusion, acid dissolution
followed by ICPAES. The remaining half core samples are being stored in
Minnesota.
Currently five drills are turning on the property. Two of the rigs are
continuing with large diameter PQ core drilling with the objective of
providing large bulk sample material for further metallurgical test work.
David Oliver, P. Geo. and Duluth Project Manager is the Qualified Person,
in accordance with NI 43-101 of the Canadian Securities Administrators, and is
responsible for the technical content of this press release and quality
assurance of the exploration data and analytical results.
About Duluth Metals
Duluth is committed to acquiring, exploring and developing copper, nickel
and platinum group metal (PGM) deposits. Duluth's principal property is the
Nokomis Deposit located within the rapidly emerging Duluth Complex mining camp
in northeastern Minnesota. The Duluth Complex hosts one of the world's largest
undeveloped repositories of copper, nickel and PGMs, including the world's
third largest accumulation of nickel sulphides, and one of the world's largest
accumulations of polymetallic copper and platinum group metals.
This document may contain forward-looking statements (including
"forward-looking statements" within the meaning of the US Private Securities
Litigation Reform Act of 1995) relating to Duluth's operations or to the
environment in which it operates. Such statements are based on operations,
estimates, forecasts and projections. They are not guarantees of future
performance and involve risks and uncertainties that are difficult to predict
and may be beyond Duluth's control. A number of important factors could cause
actual outcomes and results to differ materially from those expressed in
forward-looking statements, including those set forth in other public filings.
In addition, such statements relate to the date on which they are made.
Consequently, undue reliance should not be placed on such forward-looking
statements. Duluth disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise, save and except as may be required by applicable
securities laws.
SOURCE Duluth Metals Limited
Mara Strazdins, Director of Corporate Communications, at
mstrazdins@duluthmetals.com or at (416) 369-1500; or Henry Sandri, President
and CEO, at hsandri@duluthmetals.com; Minnesota corporate office: telephone
(651) 389-9990; Web Page: www.duluthmetals.com
