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Duluth Metals Continues To Identify New Mineralized Areas On Exploration Lands

Stocks in this article: DM

Highlights of drilling include: (True thickness estimated at 65% of the cored interval.)

  • 13-DM-027 returned a 44.4 foot intersection of 0.35% Cu.
  • 13-DM-036 returned a 3.6 foot intersection of 0.65% Cu with 0.811 g/t TPM.
    Full assay results are shown in Table 2:
    Drill       From    To      Thickness        Cu     Ni     Pt      Pd      Au      TPM
    Hole        (ft)    (ft)      (ft) Cut-off   %      %      g/t     g/t     g/t     g/t
                                         @0.2%
    12-DM-019   726.4   786.0     59.6     Cu   0.23   0.05   0.004   0.005   0.006   0.015
                                         @0.2%
    12-DM-023   828.4   857.8     29.4     Cu   0.24   0.04   0.009   0.031   0.008   0.049
                                         @0.3%
    12-DM-027   689.7   734.1     44.4     Cu   0.35   0.08   0.014   0.014   0.017   0.045
                                         @0.3%
    12-DM-027   849.7   859.4      9.7     Cu   0.44   0.05   0.024   0.015   0.026   0.065
                                         @0.2%
    12-DM-028   637.5   660.7     23.2     Cu   0.23   0.05   0.003   0.009   0.007   0.018
                                         @0.2%
    13-DM-032   696.7   735.2     38.5     Cu   0.22   0.03   0.009   0.010   0.007   0.026
                                         @0.2%
    13-DM-032   797.7   882.3     84.6     Cu   0.21   0.05   0.011   0.010   0.010   0.030
                                         @0.3%
    13-DM-035   644.4   648.3      3.9     Cu   0.34   0.08   0.017   0.021   0.016   0.054
                                         @0.3%
    13-DM-036   717.5   721.1      3.6     Cu   0.65   0.04   0.321   0.333   0.157   0.811

Additional holes in Area 2 - Nickel Lake Macrodike Mineralization

Drilling in southwest NLM (Area 2) has been focused on following previously reported intercepts of Cu-Ni-PGE bearing sulphide mineralization previously reported in holes 12-DM-17 and 12-DM-18.

Significant widths of mineralization in the NLM area have been identified both in surface outcrop and two additional drill holes.  Similar to the previously reported results, this material is characterized by a high Cu:Ni ratio, suggesting sulphide fractionation occurred in the NLM. Highlights from the latest drilling to date are as follows: (True thickness is estimated at about 95% of core length.)

  • 12-DM-022 returned a 240 foot intersection of 0.30% Cu, 0.06% Ni and 0.17 g/t TPM
  • 12-DM-025 returned a 219 foot intersection of 0.33% Cu, 0.06% Ni and 0.18 g/t TPM

The Cu-Ni-PGE mineralization intersected in four drill holes to date is flanked to the southeast by a second sulphide mineralized phase. This mineralization has been intersected in three drill holes, and while low in grade, has a distinctly higher Ni tenor than other sulphide mineralization identified in the NLM. This material, characterized by a low Cu:Ni, provides further evidence indicating the NLM was a dynamic magma conduit that saw multiple pulses of sulphide-bearing magma during the intrusion of the SKI.

    Full assay results are shown in the following Table 3:
    Drill         From      To        Int                   Cu       Ni       Pt
    Hole          (ft)      (ft)      (ft)      Cut-off     %        %        g/t


    12-DM-021     39.9      274.0     234.1                 0.12     0.05     0.016
                                                  @0.3%
    12-DM-022     125.0     365.0     240.0          Cu     0.31     0.06     0.048


    12-DM-025     35.9      210.6     174.7                 0.19     0.06     0.029
                                                  @0.3%
    12-DM-025     243.8     463.3     219.5          Cu     0.33     0.06     0.050


    13-DM-026     62.4      294.6     232.2                 0.10     0.04     0.011 

    (table continued)

    Drill         Pd        Au        TPM
    Hole          g/t       g/t       g/t          Notes
                                                     Low
                                                   Cu:Ni
    12-DM-021     0.026     0.009     0.050     sulphide

    12-DM-022     0.080     0.040     0.168
                                                     Low
                                                   Cu:Ni
    12-DM-025     0.061     0.027     0.117     sulphide

    12-DM-025     0.085     0.047     0.182
                                                     Low
                                                   Cu:Ni
    13-DM-026     0.019     0.006     0.036     sulphide

Ongoing drilling efforts are aimed at demonstrating the continuity of this mineralization on strike and at depth, as well as following this mineralization to deeper sections of the NLM.  Future drilling efforts within deeper sections of the NLM will focus on looking for higher grade mineralization analogous to that found in the Maturi Deposit and potential concentrations of Ni-rich massive sulphide. Drilling the most prospective area for potential concentrations of massive sulphide at the mouth of the NLM will require drier road building conditions in order to access that area.

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