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Duluth Metals Announces An Updated Mineral Resource Estimate Confirming Large Increases To Twin Metals Contained Metal, Grade And Indicated Tonnage

Stocks in this article: DM

Cautionary Note to United States Investors Concerning Estimates of Indicated and Inferred Mineral Resources

This press release uses the terms "Indicated Mineral Resources" and "Inferred Mineral Resources" in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards. While such terms are recognized under Canadian securities legislation, the United States Securities and Exchange Commission does not recognize these terms. The term "Inferred Mineral Resource" refers to a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. These estimates are based on limited information and it cannot be assumed that all or any part of an "Inferred Mineral Resource" will be upgraded to a higher classification resource, such as "Indicated" or "Measured", as a result of continued exploration. Accordingly, an estimate relating to an "Inferred Mineral Resource" is insufficient to allow meaningful application of technical and economic parameters or to enable an evaluation of economic viability. Under Canadian securities legislation, estimates of an "Inferred Mineral Resource" may not form the basis of feasibility or other economic studies. Investors are cautioned not to assume that all or any part of an "Inferred Mineral Resource" is economically or legally mineable. Investors are also cautioned not to assume that all or any part of "Indicated" will ever be converted into "Mineral Reserves" (being the economically mineable part of an "Indicated" or "Measured Mineral Resource").

Webpage: http://www.duluthmetals.com

Image with caption: "Figure 1 - Map of Twin Metals Minnesota Indicated Resources, Inferred Resources, and Exploration Target Areas. (CNW Group/Duluth Metals Limited)". Image available at: http://photos.newswire.ca/images/download/20121204_C5810_PHOTO_EN_21493.jpg

 

For further information:

Mara Strazdins Vice President Investor Relations and Corporate Communications Telephone: +1-416-369-1500 ext. 222 Email:  mstrazdins@duluthmetals.com 

Vern Baker President Telephone: +1-651-389-9990 Email:  vbaker@duluthmetals.com

SOURCE Duluth Metals Limited

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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