This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Duluth Metals Highlights 110 Feet Of 0.94% Copper, 0.31% Nickel And 1.17 Grams TPM At Maturi West In The Twin Metals Minnesota Project

Stocks in this article: DM

TORONTO, April 16, 2013 /PRNewswire/ --

  • Drill results of the first 20 holes (MSW-0001 to MSW-0020) in the Maturi West Exploration Target  Area west and south of the Maturi deposit and up dip from the Birch Lake deposit in the Twin Metals Minnesota Project
  • TMM initiated this drilling program to evaluate the area for potential additional resources that may be used to enhance early production rates.
  • The AMEC 2012 Technical Report [ 1 ] outlined four Exploration Targets areas surrounding and adjacent to the Maturi and Birch Lake deposits. These four Exploration Target areas occur on approximately 12% of the footprint of the prospective portion of the Twin Metals Minnesota property block.

Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX: DM.U) is pleased to announce assay results for the first 20 holes, MSW-0001 to MSW-0020, in the Maturi West Exploration Target area, including the up dip extension of the Birch Lake deposit, within the Twin Metals Minnesota Project ("TMM") in northeastern Minnesota. Assay results from the relatively shallow drilling highlight thick mineralized intersections which include:

  • MSW-0014 returned a 150 foot intersection of 0.81% copper, 0.27% nickel, 2.7 g/t silver and 1.00 grams TPM (TPM = Platinum+Palladium+Gold) at a 0.3% Cu cut-off including a 110 foot intersection of 0.94% copper, 0.31% nickel, 3.1 g/t silver and 1.17 grams TPM  at a 0.5% Cu cut-off;
  • MSW-0017 returned a 210.5 foot intersection of 0.64% copper, 0.24% nickel, 2.1 g/t silver and 0.35 grams TPM at a 0.3% Cu cut-off including a 120.5 foot intersection of 0.72% copper, 0.24% nickel, 2.6 g/t silver and 0.44 grams TPM  at a 0.5% Cu cut-off; and
  • MSW-0018 returned a 83 foot intersection of 0.60% copper, 0.19% nickel, 2.1 g/t silver and 0.41 grams TPM at a 0.3% Cu cut-off including a 50 foot intersection of 0.90% copper, 0.28% nickel, 3.7 g/t silver and 0.51 grams TPM at a 0.5% Cu cut-off.

"We are pleased with the assay results which confirm the existence of mineralization at shallow depths between the Maturi Deposit and the Birch Lake Deposit." stated Vern Baker, President of Duluth Metals. "These results show an opportunity to enhance the economics of the project by increasing production rates in the mining plan."

[ 1 ] Full independent NI 43-101 Technical Report completed by AMEC E&C Services Inc. (AMEC) by a team led by Dr. Harry Parker entitled "Maturi ,  Birch Lake ,  and Spruce Road Cu-Ni-PGE Projects ,  Ely ,  Minnesota ,  USA ,  NI 43-101 Technical Report" with an effective date of 15 September 2012 is filed on SEDAR ( ).

Figure 1 is a map illustrating the location of 20 drill holes reported in this press release which can be found on the Company website under this press release at

A more detailed summary of the assay results for MSW-0001 to MSW-0020 can be found in Tables 1 and 2 below. True thickness is estimated at about 90% of core length:

1 of 3

Select the service that is right for you!

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.
Submit an article to us!


DOW 17,777.92 -0.23 -0.00%
S&P 500 2,063.95 +2.72 0.13%
NASDAQ 4,755.6560 +7.26 0.15%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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