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
TheStreet Open House

Duluth Metals Announces High Grade Nickel Intercepts Indicative Of New Contact Zones In The Maturi Deposit

TORONTO, September 4, 2013 /PRNewswire/ --

  • Two high grade nickel intersections with significant off hole electromagnetic anomalies
  • Down hole Crone electromagnetic surveys indicate strong conductivity off hole from Mex-50 and Mex-111
  • New geophysical and drilling results indicate potential for semi-massive to massive sulphide mineralization

Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX: DM.U) is pleased to announce that a zone of high grade nickel-copper mineralization has been intersected on the southern edge of the Maturi Deposit within the Twin Metals Minnesota ("Twin Metals") Project in northeastern Minnesota. Drilled as part of the metallurgical program, Hole MEX276-W1 intersected 26.5 feet of 3.93% nickel, 0.68% copper, 0.44 g/t silver, and 0.44 g/t TPM (TPM = Platinum+Palladium+Gold). A follow-up hole, MEX-468, drilled approximately 300 feet to the southwest intersected 15.0 feet of 1.52% nickel, 0.99% copper, 0.50 g/t TPM. Crone down-hole electromagnetic surveying in MEX-468 has confirmed extensive off-hole conductivity. As the drill holes are within the margin of an extensive coincidental conductive zone, there is strong potential for additional higher grade mineralization within this area.

Geophysical Crone down-hole electromagnetic (EM) surveying in drill-holes MEX-50, MEX-111 and MEX-468 has shown strong conductivity off-hole from MEX-50 and MEX-111 in a zone extending 2500 feet long by 500 to 1000' wide with better conductivity in the immediate vicinity of MEX-468 as shown in Figure 1. The new nickel mineralization occurs as massive to semi-massive sulphides, at, or immediately below the contact between the South Kawishiwi Intrusion and the Giants Range batholith. On time, step response data from the Crone survey, indicates a zone of higher conductivity in close proximity to MEX-468, within the larger conductive zone. Higher conductivity is indicative of greater concentrations of conductive minerals, such as massive sulfides.

1 of 4

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.
Submit an article to us!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • 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