This Day On The Street
Continue to site
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

Duluth Metals Announces Discovery Immediately Southeast Of Teck's Mesaba Project

"This spring our geologic team identified an opportunity to explore for Cu-Ni-Pt-Pd-Au mineralization on our Rook property. The Rook property covers an area where the South Kawishiwi Intrusion and the Partridge River Intrusion meet. These excellent drill results indicate there is significant potential for the Mesaba deposit to extend down dip onto our property position," stated Vern Baker, President of Duluth Metals. "We look forward to developing a follow-up program that will include geophysical work and additional drilling."

The Company's 2013 Exploration Program is focused on selected areas within their large prospective exploration package. During the 2013 summer season, the exploration work is concentrating on compiling, integrating and interpreting all drilling, geochemical, geophysical and geological data acquired from their previous 2012-13 drilling and exploration program. In addition, the Company has commenced a comprehensive field program comprised of detailed geologic mapping, rock chip and glacial till geochemical sampling. The Company has announced four other areas of new mineralization within the Duluth Complex exploration holdings in addition to the latest discovery on the Rook Property.

The Duluth Complex hosts some of the world's largest undeveloped resources of copper, nickel and PGMs. In comparison to worldwide deposits, the Duluth Complex is estimated to have the world's third largest accumulation of nickel sulphides and the world's second largest accumulation of polymetallic copper and platinum group metals. The Duluth Complex hosts a number of known copper-nickel-platinum-palladium-gold deposits. Figure 1 above illustrates the property and drill hole locations.

Full assay results for holes 13-RK-01 and 13-RK-02 are shown as follows in Table 1 and Table 2. The true thickness is estimated at approximately 100% of core length. The assay results in Tables 1 and 2 include averages of the original plus extensive check assays.

Table 1- Rook Property Summary Assay Results:

      HOLE       Zone      From        To       Length      Cu       Ni     TPM
                           (ft)       (ft)       (ft)      (%)      (%)    (g/t)
                359 ft.
    13-RK-01     hole                      no significant assays
                g/t TPM
    13-RK-02    cut-off    933.9     946.6      12.7      0.49     0.11     4.69
                g/t TPM
    including   cut-off    940.7     946.6       5.9      0.88     0.18     8.16
    13-RK-02    cut-off   2259.9      2388     128.1      0.53     0.14     0.90
    including   cut-off   2259.9    2339.5      79.6      0.66     0.16     1.16
    13-RK-02    cut-off   2629.1    2691.4      62.3      0.36     0.08     0.38
    13-RK-02    cut-off   2864.6      3053     188.4      0.70     0.18     0.85
    including   cut-off     2958      3053        95      0.95     0.26     0.94

(TPM = Platinum+Palladium+Gold)

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs