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Duluth Metals New Drill Results Confirm Increased Mineralization to Nokomis Deposit
TORONTO, Canada, September 5 /PRNewswire/ -- Duluth Metals Limited ("Duluth") (TSX: DM) (TSX:DM.U) today announces
significant assay results for 6 additional step-out and in-fill holes drilled
south of and in the central portion of the Nokomis Deposit. Assay results
from the southerly step-out drilling include MEX-49 which intersected 118.1
feet of 0.748% copper, 0.226% nickel and 1.045 grams per tonne (g/t) of Total
Precious Metals (TPM (equal sign) Platinum+Palladium+Gold). Included in that
interval are 4.9 feet of 4.420% copper, 0.392% nickel and 2.989 g/t of TPM.
The Nokomis Deposit is situated in the western portion of the Maturi
Extension Properties near Ely, Minnesota.
"These new holes confirm the continuation of copper-nickel-PGE group
mineralization directly to the south on the west side of the Nokomis Resource
Block. We are extremely pleased with the infill drilling in the middle
section of the Nokomis Deposit as some of the holes have returned some of
the highest grade Total Precious Metal and silver values reported to date.
Our current drilling program is aimed at expanding our Nokomis Deposit to the
south and east in previously untested areas on our Maturi Extension
Properties." stated Dr. Henry Sandri, President and CEO. "These last 6 drill
holes continue to support our geologic models and are an indication of the
potential increase in the size and extent of our current resource block. We
are encouraged by these results as we continue to execute step-out drilling
in the east and additional in-fill drilling in the existing Nokomis
Resource Block."
Drill holes MEX-46, 48, 49, and 50 were drilled south of and within the
southern margin of the Nokomis Deposit. Currently, the farthest hole hitting
mineralization at approximately 400 metres south of the southern margin (Hole
MEX-45) of the Nokomis Resource Block is MEX 48, which returned a total
mineralized interval of 334.0 feet grading 0.463% copper and 0.133% nickel
and 0.445 g/t TPM including 54.0 feet of 0.620% copper, 0.174% nickel and
0.726Â g/t of TPM and 35.0 feet of 0.870% copper, 0.220% nickel and 0.826 g/t
of TPM.
In-fill drilling in the middle section of the Nokomis Deposit returned
significant assays and demonstrate a greater thickness than is currently
estimated. Drill hole MEX-47 intersected a total mineralized interval of
285.3Â feet of 0.634% copper, 0.189% nickel and 0.743 g/t of TPM including
29.5 feet of 1.022% copper, 0.354% nickel and 1.763 g/t of TPM. Drill-hole
MEX-51 confirmed mineralization in the middle portion of the Nokomis Deposit
returning 73.8 feet of 0.907% copper, 0.217% nickel and 1.509 g/t of TPM.
A 'MEX 46-51 Location Map' can be found on our Company website at
http://www.duluthmetals.com.
True thickness is estimated at about 90% of core length. The following
table with (0.3% copper and 0.5% copper cut-offs) contains a more
detailed summary of the drill intercepts:
------------------------------------------------------------------------
FROM TO LENGTH COPPER NICKEL TPM(x)
HOLE ZONE (feet) (feet) (feet) (%) (%) (g/t)
------------------------------------------------------------------------
MEX- (at)0.3% Cu cut-off 2583 2693 110 0.512 0.191 0.629
46 (at)0.5% Cu cut-off 2588 2638 50 0.620 0.214 0.817
Total
MEX- Mineralized
47 Interval 2987.5 3272.8 285.3 0.634 0.189 0.743
(at)0.3% Cu cut-off 2987.5 3095.7 108.2 0.482 0.142 0.284
(at)0.5% Cu cut-off 3012 3066.2 54.2 0.627 0.171 0.346
(at)0.3% Cu cut-off 3115.4 3272.8 157.4 0.800 0.234 1.140
(at)0.5% Cu cut-off 3115.4 3258 142.6 0.852 0.251 1.220
including 3149.8 3179.3 29.5 1.022 0.354 1.763
and 3218.6 3248.2 29.6 1.358 0.267 1.344
Total
MEX- Mineralized
48 Interval 3259 3593 334 0.463 0.133 0.445
(at)0.5% Cu cut-off 3264 3318 54 0.620 0.174 0.726
(at)0.3% Cu cut-off 3358 3593 235 0.462 0.130 0.395
(at)0.5% Cu cut-off 3443 3488 45 0.610 0.143 0.546
(at)0.5% Cu cut-off 3553 3588 35 0.870 0.220 0.826
MEX- (at)0.3% Cu cut-off 3080.9 3199 118.1 0.748 0.226 1.045
49 (at)0.5% Cu cut-off 3080.9 3189.1 108.2 0.782 0.235 1.096
(at)0.5% Cu cut-off 3243.3 3248.2 4.9 4.420 0.392 2.989
MEX- (at)0.3% Cu cut-off 2898 2960 62 0.523 0.183 0.363
50 (at)0.5% Cu cut-off 2903 2948 45 0.576 0.199 0.405
(at)0.3% Cu cut-off 3013 3038 25 0.477 0.367 0.446
(at)0.5% Cu cut-off 3063 3068 5 0.776 0.207 0.700
Total
MEX- Mineralized
51 Interval 3223.6 3454.8 231.2 0.476 0.125 0.671
(at)0.5% Cu cut-off 3346.6 3420.4 73.8 0.907 0.217 1.509
including 3351.6 3385.9 34.3 1.113 0.277 1.878
-------------------------------------------------------------------------
(x) Total Precious Metals (equal sign) Platinum+Palladium+Gold
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Complete gold, platinum, palladium and silver assays for MEX 46, 47, 48,
49, 50 and 51 are as follows:
-------------------------------------------------------------------------
PLAT- PALLA- SIL-
FROM TO LENGTH GOLD INUM DIUM VER
HOLE ZONE (feet) (feet) (feet) (g/t) (g/t) (g/t) (g/t)
-------------------------------------------------------------------------
MEX- (at)0.3% Cu cut-off 2583 2693 110 0.094 0.172 0.363 2.1
46
(at)0.5% Cu cut-off 2588 2638 50 0.130 0.234 0.453 2.5
Total
MEX- Mineralized
47 Interval 2987.5 3272.8 285.3 0.109 0.195 0.439 2.5
(at)0.3% Cu cut-off 2987.5 3095.7 108.2 0.041 0.073 0.169 1.9
(at)0.5% Cu cut-off 3012 3066.2 54.2 0.051 0.089 0.206 2.6
(at)0.3% Cu cut-off 3115.4 3272.8 157.4 0.168 0.300 0.672 3.3
(at)0.5% Cu cut-off 3115.4 3258 142.6 0.180 0.322 0.718 3.5
including 3149.8 3179.3 29.5 0.148 0.474 1.141 4.1
and 3218.6 3248.2 29.6 0.223 0.421 0.699 6.0
Total
MEX- Mineralized
48 Interval 3259 3593 334 0.066 0.114 0.265 1.3
(at)0.5% Cu cut-off 3264 3318 54 0.094 0.167 0.465 2.2
(at)0.3% Cu cut-off 3358 3593 235 0.057 0.107 0.231 1.3
(at)0.5% Cu cut-off 3443 3488 45 0.081 0.146 0.320 1.8
(at)0.5% Cu cut-off 3553 3588 35 0.127 0.234 0.466 3.0
MEX- (at)0.3% Cu cut-off 3080.9 3199 118.1 0.152 0.292 0.600 2.5
49
(at)0.5% Cu cut-off 3080.9 3189.1 108.2 0.160 0.306 0.629 2.7
(at)0.5% Cu cut-off 3243.3 3248.2 4.9 1.335 0.349 1.305 17.9
MEX- (at)0.3% Cu cut-off 2898 2960 62 0.054 0.090 0.219 5.5
50
(at)0.5% Cu cut-off 2903 2948 45 0.061 0.095 0.248 7.0
(at)0.3% Cu cut-off 3013 3038 25 0.054 0.113 0.280 1.7
(at)0.5% Cu cut-off 3063 3068 5 0.095 0.184 0.421 5.4
Total
MEX- Mineralized
51 Interval 3223.6 3454.8 231.2 0.090 0.175 0.406 1.9
(at)0.5% Cu cut-off 3346.6 3420.4 73.8 0.196 0.389 0.924 4.0
including 3351.6 3385.9 34.3 0.243 0.478 1.157 5.0
-------------------------------------------------------------------------
For the 2007 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.
A Scoping Study for the Nokomis Deposit is underway and being conducted
by Scott Wilson RPA of Toronto. The Study is anticipated to be completed in
October. The purpose of the Scoping Study is to have independent consultants
review potential mining and operational approaches and provide preliminary
project economics. The Study is based on the earlier published NI 43-101
Resource Block and metallurgical studies presently being conducted by SGS
Lakefield.
David Oliver, P. Geo. is the Qualified Person for Duluth, 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.
Web Page: http://www.duluthmetals.com
