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| | August 18, 2009
Duluth Metals Hole Hits Mineralization 900 Meters Southwest Of Defined Boundary Of Nokomis Deposit
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| | TORONTO, Ontario, August 18, 2009 - Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX:DM.U) is announcing the assay results from MEX-155-W1 which intersected mineralization 900 meters southwest of the currently defined Nokomis Deposit outline. MEX-155-W1 was drilled in an area of four historic drill holes referred to as Nickel Ridge, where the historic hole DU-13 returned 10 feet of 1.03% copper and 1.57% nickel within a 60 foot zone of markedly higher than average nickel assays. Assay results from MEX-155-W1 and the four historic holes confirm a substantial extension of significant mineralization towards the Nickel Ridge area with good copper values and above average nickel grades, beyond the current resource boundaries of the Nokomis Deposit. MEX-155-W1 and the four historic holes will be included in the new NI 43-101 Resource Study currently being undertaken by Scott Wilson RPA.
"This latest step-out drilling continues to confirm Duluth Metals' belief in the continuity of the Nokomis mineralization. It is gratifying to have the confidence to drill a hole nearly a kilometre away from the defined Nokomis Deposit outline and achieve these types of results," stated Dr. Henry J. Sandri, President and CEO of Duluth Metals. "This new out-step hole supports our belief that the Nokomis Deposit has the potential to be substantially increased, with the added possibility of finding areas of higher grade zones like those identified in the Nickel Ridge Area or discovered in our Eastern High Grade Corridor last year." To date, only about one-half of the Nokomis Property has been drilled, and all 155 holes drilled to target depth have intercepted mineralization at varying intervals and grades (see www.duluthmetals.com for full results).
A more detailed summary of the assay results for MEX-155-W1 can be found in the table below. True width is estimated at about 90% of core length.
HOLE |
ZONE |
FROM
(feet) |
TO
(feet) |
LENGTH
(feet) |
COPPER
(%) |
NICKEL
(%) |
TPM*
(g/t) |
MEX-0155-W1 |
@0.3% Cu cut-off |
3313 |
3358 |
45 |
0.624 |
0.210 |
0.599 |
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@0.5% Cu cut-off |
3313 |
3343 |
30 |
0.705 |
0.226 |
0.708 |
Complete gold, platinum and palladium assays for MEX-151-W1 are as follows:
HOLE |
ZONE |
FROM
(feet) |
TO
(feet) |
LENGTH
(feet) |
GOLD
(g/t) |
PLATINUM
(g/t) |
PALLADIUM
(g/t) |
MEX-0155-W1 |
@0.3% Cu cut-off |
3313 |
3358 |
45 |
0.069 |
0.157 |
0.373 |
|
@0.5% Cu cut-off |
3313 |
3343 |
30 |
0.079 |
0.182 |
0.448 |
Highlights from the four historic holes are shown in the table below. True width is estimated at about 90% of core length.
HOLE |
ZONE |
FROM
(feet) |
TO
(feet) |
LENGTH
(feet) |
COPPER
(%) |
NICKEL
(%) |
DU-02 |
@0.5% Cu cut-off |
2461.6 |
2515 |
53.4 |
0.819 |
0.300 |
|
@0.3% Cu cut-off |
2530 |
2570 |
40 |
0.452 |
0.209 |
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DU-13 |
@0.5% Cu cut-off |
3500 |
3510 |
10 |
0.500 |
0.200 |
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@0.5% Cu cut-off |
3540 |
3600 |
60 |
0.575 |
0.463 |
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including |
3540 |
3550 |
10 |
1.030 |
1.570 |
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K-02 |
@0.5% Cu cut-off |
1982 |
2104 |
122 |
0.831 |
0.267 |
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@0.5% Cu cut-off |
2113 |
2131 |
18 |
0.551 |
0.203 |
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K-08 |
@0.5% Cu cut-off |
3276.5 |
3321 |
58 |
0.645 |
0.276 |
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and |
3340 |
3342 |
2 |
0.200 |
1.300 |
A map showing the location of MEX-155-W1 and the four historic holes in relation to the currently defined NI 43-101 Nokomis Deposit can be viewed on our website at www.duluthmetals.com along with this press release.
The Company also confirms that the new NI 43-101 Resource Study by Scott Wilson RPA has commenced, incorporating an additional 48 vertical drill holes and 67 wedge holes, including MEX 155-W1 and the historic Nickel Ridge drill holes.
David Oliver, P. Geo. and Duluth Project Manager is the Qualified Person, in accordance with NI 43-101 issued by 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.
For further information: please contact 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 |
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| | You can view the Next News Releases item: Mon Oct 26, 2009, Duluth Metals Expands Nokomis Resource to 550 Million Indicated Tonnes and 274 Million Inferred Tonnes
You can view the Previous News Releases item: Tue Jun 16, 2009, Duluth Metals Expands Exploration Land Holdings in the Duluth Complex
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