This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Duluth Metals Highlights 155 Feet Of 0.917% Copper, 0.279% Nickel And 0.639 Grams Total Precious Metals At West Maturi In The Twin Metals Minnesota Project

In Area 1 (shallow west Maturi):

  • Mex-422M returned a 155 foot intersection of 0.917% copper, 0.279% nickel, 4.1 g/t silver and 0.639 grams TPM (TPM = Platinum+Palladium+Gold) at a 0.5% Cu cut-off.
  • Mex-430M returned a 180 foot intersection of 0.896% copper, 0.256% nickel, 3.3 g/t silver and 0.689 grams TPM at a 0.5% Cu cut-off.
  • Mex-412 returned a 152 foot intersection of 0.896% copper, 0.262% nickel, 3.1 g/t silver and 0.692 grams TPM at a 0.5% Cu cut-off.
  • Mex-421M returned a 121.25 foot intersection of 0.889% copper, 0.250% nickel, 3.4 g/t silver and 0.617 grams TPM at a 0.5% Cu cut-off.

In Area 2 (deeper west Maturi):

  • Mex-409 returned a 137 foot intersection of 0.833% copper, 0.279% nickel, 2.7 g/t silver and 0.817 grams TPM at a 0.5% Cu cut-off.
  • Mex-436M returned a 168 foot intersection of 0.746% copper, 0.264% nickel, 2.4 g/t silver and 0.544 grams TPM at a 0.5% Cu cut-off.

Figure 1 is a map illustrating the location of 23 drill holes reported in this press release which can be found on the Company website under this press release at http://www.duluthmetals.com.  

A more detailed summary of the assay results for MEX- 409 to 436 as grouped by areas can be found in the table below. True thickness is estimated at about 90% of core length:

    Area 1 (shallow west Maturi)
    HOLE            Zone           From    To      Length  Cu     Ni     TPM
                                   (ft)    (ft)    (ft)    (%)    (%)    (g/t)
                         @0.5% Cu
    MEX-0410              cut-off    1057  1243.5   186.5  0.820  0.247  0.564
                         @0.5% Cu
    MEX-0411              cut-off    1681    1831     150  0.753  0.254  0.541
                         @0.5% Cu
    MEX-0412              cut-off    1681    1833     152  0.896  0.262  0.692
                      Footwall       1857    1967     110  0.483  0.261  0.344
                         @0.3% Cu
    MEX-0413              cut-off   987.5    1223   235.5  0.735  0.215  0.502
                         @0.5% Cu
                          cut-off   987.5    1158   170.5  0.830  0.241  0.580
                         @0.5% Cu
    MEX-0414M             cut-off   770.5     996   225.5  0.856  0.277  0.678
                         @0.3% Cu
    MEX-0415M             cut-off    1034    1299     265  0.624  0.190  0.357
                         @0.5% Cu
                          cut-off    1054    1234     180  0.706  0.240  0.449
                         @0.3% Cu
    MEX-0416              cut-off    1508    1670     162  0.809  0.251  0.726
                         @0.5% Cu
                          cut-off    1508    1657     149  0.833  0.258  0.667
                         @0.3% Cu
    MEX-0418M             cut-off   591.8     893   301.2  0.759  0.229  0.591
                         @0.5% Cu
                          cut-off   601.5     843   241.5  0.838  0.255  0.670
                         @0.3% Cu
    MEX-0420M             cut-off     654     853     199  0.629  0.190  0.462
                         @0.5% Cu
                          cut-off     654     773     119  0.709  0.218  0.541
                         @0.5% Cu
    MEX-0421M             cut-off  466.75     588  121.25  0.889  0.250  0.617
                      Footwall        663     738      75  0.560  0.170  0.279
                         @0.3% Cu
    MEX-0422M             cut-off    1440    1701     261  0.798  0.265  0.544
                         @0.5% Cu
                          cut-off    1446    1601     155  0.917  0.279  0.639
                         @0.3% Cu
    MEX-0424M             cut-off     593     918     325  0.690  0.192  0.512
                         @0.5% Cu
                          cut-off     593     838     245  0.770  0.210  0.596
                         @0.3% Cu
    MEX-0425M             cut-off   993.5    1278   284.5  0.671  0.207  0.470
                         @0.5% Cu
                          cut-off   993.5    1153   159.5  0.852  0.254  0.616
                      Footwall       1283    1323      40  0.377  0.156  0.233
                         @0.3% Cu
    MEX-0430M             cut-off     838    1103     265  0.753  0.215  0.557
                         @0.5% Cu
                          cut-off     838    1018     180  0.896  0.256  0.689
                         @0.5% Cu
    MEX-0434M             cut-off    1542    1730     188  0.860  0.286  0.624
                         @0.5% Cu
    MEX-0435M             cut-off  1203.5    1303    99.5  0.882  0.278  0.670
           Area 2 (deep west Maturi)
    HOLE      Zone            From      To    Length   Cu       Ni       TPM
                              (ft)      (ft)  (ft)     (%)      (%)      (g/t)
              @0.5% Cu
    MEX-0409   cut-off          2045    2182      137    0.833    0.279    0.817
              @0.5% Cu
    MEX-0417M  cut-off          2165    2322      157    0.694    0.237    0.552
              @0.3% Cu
    MEX-0427   cut-off        2764.7    2842     77.3    0.584    0.224    0.646
              @0.5% Cu
               cut-off          2767    2817       50    0.653    0.240    0.764
              @0.3% Cu
    MEX-0428M  cut-off          2150    2263      113    0.678    0.249    0.651
              @0.5% Cu
               cut-off          2150    2238       88    0.741    0.273    0.734
              @0.3% Cu
    MEX-0431M  cut-off          2048    2178      130    0.574    0.214    0.423
              @0.5% Cu
               cut-off          2048    2128       80    0.659    0.237    0.496
              @0.3% Cu
    MEX-0433M  cut-off          2457    2558      101    0.555    0.249    0.530
              @0.5% Cu
               cut-off          2462    2517       55    0.599    0.236    0.661
              Footwall          2558    2592       34    0.548    0.293    0.384
              @0.3% Cu
    MEX-0436M  cut-off          1844    2022      178    0.722    0.255    0.524
              @0.5% Cu
               cut-off          1844    2012      168    0.746    0.264    0.544
 
                (*TPM =
        Platinum+Palladium+Gold)

Complete gold, platinum, palladium, silver and cobalt assays for MEX-409 to 436 are as follows:

     Area 1 (shallow
       west Maturi)
    HOLE      Zone      From    To      Length  Pt     Pd     Au     Co     Ag
                        (ft)    (ft)    (ft)    (g/t)  (g/t)  (g/t)  (%)    (g/t)
              @0.5% Cu
    MEX-0410   cut-off    1057  1243.5   186.5  0.143  0.342  0.080  0.012    3.1
              @0.5% Cu
    MEX-0411   cut-off    1681    1831     150  0.150  0.316  0.074  0.014    2.9
              @0.5% Cu
    MEX-0412   cut-off    1681    1833     152  0.162  0.437  0.093  0.012    3.1
              Footwall    1857    1967     110  0.084  0.216  0.044  0.007    1.4
              @0.3% Cu
    MEX-0413   cut-off   987.5    1223   235.5  0.125  0.304  0.072  0.011    2.8
              @0.5% Cu
               cut-off   987.5    1158   170.5  0.146  0.351  0.083  0.012    3.1
              @0.5% Cu
    MEX-0414M  cut-off   770.5     996   225.5  0.171  0.404  0.103  0.014    2.8
              @0.3% Cu
    MEX-0415M  cut-off    1034    1299     265  0.085  0.215  0.057  0.011    2.0
              @0.5% Cu
               cut-off    1054    1234     180  0.109  0.269  0.070  0.015    2.4
              @0.3% Cu
    MEX-0416   cut-off    1508    1670     162  0.235  0.386  0.104  0.010    3.2
              @0.5% Cu
               cut-off    1508    1657     149  0.162  0.396  0.109  0.011    3.3
              @0.3% Cu
    MEX-0418M  cut-off   591.8     893   301.2  0.152  0.351  0.089  0.012    2.5
              @0.5% Cu
               cut-off   601.5     843   241.5  0.174  0.397  0.098  0.013    2.8
              @0.3% Cu
    MEX-0420M  cut-off     654     853     199  0.113  0.277  0.072  0.009    2.5
              @0.5% Cu
               cut-off     654     773     119  0.134  0.320  0.087  0.010    2.7
              @0.5% Cu
    MEX-0421M  cut-off  466.75     588  121.25  0.131  0.362  0.123  0.011    3.4
              @0.5% Cu
               cut-off     663     738      75  0.076  0.159  0.043  0.009    2.1
              @0.3% Cu
    MEX-0422M  cut-off    1440    1701     261  0.133  0.328  0.083  0.012    3.3
              @0.5% Cu
               cut-off    1446    1601     155  0.159  0.382  0.099  0.012    4.1
              @0.3% Cu
    MEX-0424M  cut-off     593     918     325  0.125  0.318  0.069  0.011    2.8
              @0.5% Cu
               cut-off     593     838     245  0.147  0.370  0.079  0.012    3.1
              @0.3% Cu
    MEX-0425M  cut-off   993.5    1278   284.5  0.120  0.278  0.072  0.010    2.3
              @0.5% Cu
               cut-off   993.5    1153   159.5  0.171  0.361  0.084  0.011    3.0
              Footwall    1283    1323      40  0.060  0.140  0.033  0.006    1.2
              @0.3% Cu
    MEX-0430M  cut-off     838    1103     265  0.142  0.320  0.094  0.011    2.7
              @0.5% Cu
               cut-off     838    1018     180  0.177  0.395  0.118  0.012    3.3
              @0.5% Cu
    MEX-0434M  cut-off    1542    1730     188  0.151  0.363  0.110  0.013    3.1
              @0.5% Cu
    MEX-0435M  cut-off  1203.5    1303    99.5  0.167  0.406  0.096  0.012    2.9
    Area 2 (deep west
         Maturi)
    HOLE      Zone      From    To    Length  Pt     Pd     Au     Co     Ag
                        (ft)    (ft)  (ft)    (g/t)  (g/t)  (g/t)  (%)    (g/t)
              @0.5% Cu
    MEX-0409   cut-off    2045  2182     137  0.219  0.447  0.151  0.012    2.7
              @0.5% Cu
    MEX-0417M  cut-off    2165  2322     157  0.166  0.311  0.075  0.010    2.1
              @0.3% Cu
    MEX-0427   cut-off  2764.7  2842    77.3  0.143  0.359  0.144  0.009    2.0
              @0.5% Cu
               cut-off    2767  2817      50  0.164  0.411  0.189  0.010    2.2
              @0.3% Cu
    MEX-0428M  cut-off    2150  2263     113  0.140  0.315  0.196  0.011    2.8
              @0.5% Cu
               cut-off    2150  2238      88  0.150  0.347  0.236  0.013    3.1
              @0.3% Cu
    MEX-0431M  cut-off    2048  2178     130  0.121  0.246  0.055  0.011    2.3
              @0.5% Cu
               cut-off    2048  2128      80  0.142  0.290  0.064  0.011    2.7
              @0.3% Cu
    MEX-0433M  cut-off    2457  2558     101  0.128  0.264  0.139  0.012    3.1
              @0.5% Cu
               cut-off    2462  2517      55  0.144  0.309  0.209  0.012    1.8
              Footwall    2558  2592      34  0.088  0.206  0.089  0.009    1.4

The Twin Metals Minnesota Project covers over 32,000 acres of land/mineral interests and consolidates the largest base and precious metal land position in Minnesota. This extensive land position provides Twin Metals with the platform to plan and develop one the world's largest copper-nickel-PGM deposits within a new emerging mining belt in Minnesota, USA.

For the 2011-2012 Drill Program, half core samples are being prepared at ALS Minerals laboratories in Thunder Bay and then shipped to its analytical facilities in Vancouver. Samples are being analyzed for Au, Pt, and Pd using a 30g standard fire assay with an ICP-AES finish and for 33 other elements using a four acid (near total) digestion and a combination of ICP-MS and ICP-AES. ICP over-limits for copper and nickel are re-analyzed using dissolution four acid (near total) digestion followed by ICP-AES or AAS. The remaining half core samples are being stored in Minnesota.

Phillip Larson, P. Geo. is the Qualified Person for Duluth Metals and Senior Geologist for Duluth Metals, in accordance with NI 43-101 of the Canadian Securities Administrators, and is responsible for Duluth Metals technical content of this press release and quality assurance of the exploration data and analytical results.

About Duluth Metals Limited

Stock quotes in this article: DM 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs