Duluth Metals Limited Inc.

Published : March 29th, 2011

Announces Higher Grade Intercepts With New Twin Metals Drilling Results

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Duluth Metals Announces Higher Grade Intercepts With New Twin Metals Drilling Results

 


TORONTO, Ontario, February 10, 2011 - Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX:DM.U) today announced assay results for 15 holes drilled by Twin Metals Minnesota LLC (Twin Metals), on the Nokomis joint venture project in Minnesota, U.S.A. Results of the current drill holes which were drilled within and adjacent to the Central and Eastern High Grade Zones (see press release dated December 11, 2009) confirm and extend the high grade mineralization in these areas. The majority of the holes returned copper equivalent (CuEq) values significantly greater than the Indicated Resource global grade of 1.51% CuEq. In addition, 13 of the 15 holes returned assay intervals of greater than 1 gram per tonne Total Precious Metals, compared to the global average of 0.66 g/t for the Nokomis Deposit (as per Scott Wilson RPA NI 43-101 compliant Resource Report dated December 10, 2009).

Highlights include MEX-194 which returned 120 feet of 0.934% copper, 0.222% nickel, 3.2 g/t silver and 1.925 grams per tonne (g/t) Total Precious Metals (TPM = Platinum+Palladium+Gold) (Cu Equivalent* of 2.35%), including a 30 foot section of 1.181% copper, 0.262% nickel, 3.7 g/t silver and 2.439 g/t TPM (Cu Equivalent* of 2.96%), as well as a 30 foot section of 1.160% copper, 0.263% nickel, 4.4 g/t silver and 2.398 g/t TPM (Cu Equivalent* of 2.88%). MEX-182 intersected 145 feet of 0.827% copper, 0.225% nickel, 3.3 g/t silver and 1.319 g/t TPM (Cu Equivalent* of 1.99%) including a 15 foot section of 0.994% copper, 0.271% nickel, 3.3 g/t silver and 1.640 g/t TPM (Cu Equivalent* of 2.45%), as well as a 15 foot section of 1.576 % copper, 0.583% nickel, 9.9 g/t silver and 2.921 g/t TPM (Cu Equivalent* of 4.21%).

Vern Baker, President of Duluth Metals, stated: "Drilling to better delineate the higher-grade portions of the Nokomis deposit has been very encouraging. The results from drilling have increased our confidence in the quality of grade and continuity within this zone. These results will allow Twin Metals to confidently evaluate a mine plan incorporating this area into early production schedules allowing for improved project economics."

A map illustrating the location of the 15 drill holes reported in this press release can be found on the Company website under this press release at
www.duluthmetals.com.

http://www.duluthmetals.com/i/maps/2011Feb11-map1.jpg




A more detailed summary of the assay results for MEX-182, 183, 183-W1, 184, 185, 186, 187, 188, 189, 190, 191, 192, 193, 194 and 195 can be found in the table below.
True width is estimated at about 90% of core length.

HOLE

ZONE

FROM
(feet)

TO
(feet)

LENGTH
(feet)

COPPER
(%)

NICKEL
(%)

TPM*
(g/t)**

CuEQ
(%)

MEX-182

@0.3% Cu cut-off

4062

4212

150

0.813

0.223

1.299

1.96

@0.5% Cu cut-off

4067

4212

145

0.827

0.225

1.319

1.99

including

4142

4157

15

0.994

0.271

1.640

2.45

and

4182

4197

15

1.576

0.583

2.921

4.21

 

MEX-183

Total Mineralized Interval

3869

4044

175

0.446

0.104

0.666

1.02

@0.3% Cu cut-off

3879

3904

25

0.427

0.061

0.442

0.78

@0.3% Cu cut-off

3934

4024

90

0.555

0.140

0.910

1.33

@0.5% Cu cut-off

3934

3989

55

0.686

0.178

1.234

1.71

 

MEX-183-W1

Total Mineralized Interval

3888

4063

175

0.556

0.132

0.689

1.22

@0.3% Cu cut-off

3888

3908

20

0.551

0.085

0.587

1.05

@0.3% Cu cut-off

3923

4023

100

0.731

0.180

0.943

1.64

@0.5% Cu cut-off

3923

4008

85

0.785

0.194

1.015

1.76

including

3938

3948

10

1.171

0.332

1.804

2.88

and

3963

3973

10

1.258

0.316

1.650

2.86

 

MEX-184

@0.3% Cu cut-off

268

278

10

0.502

0.050

0.102

0.69

@0.3% Cu cut-off

4498

4518

20

0.638

0.072

0.420

1.02

@0.5% Cu cut-off

4503

4518

15

0.730

0.081

0.436

1.14

@0.5% Cu cut-off

4543

4548

5

1.065

0.129

0.707

1.73

 

MEX-185

@0.3% Cu cut-off

4038

4058

20

0.653

0.224

1.101

1.75

@0.5% Cu cut-off

4043

4058

15

0.716

0.245

1.182

1.91

@0.3% Cu cut-off

4093

4218

125

0.726

0.176

0.993

1.64

@0.5% Cu cut-off

4093

4173

80

0.832

0.208

1.203

1.92

including

4098

4123

25

1.183

0.293

1.844

2.75

@0.5% Cu cut-off

4188

4208

20

0.718

0.180

0.847

1.59

 

MEX-186

@0.5% Cu cut-off

4133

4233

100

0.764

0.226

1.032

1.87

 

MEX-187

Total Mineralized Interval

4489

4524

35

0.322

0.037

0.558

0.68

@0.5% Cu cut-off

4414

4419

5

0.567

0.057

0.432

0.90

@0.3% Cu cut-off

4489

4499

10

0.481

0.057

1.629

1.37

@0.3% Cu cut-off

4514

4524

10

0.465

0.044

0.195

0.68

 

MEX-188

@0.3% Cu cut-off

4038

4133

95

0.640

0.145

1.101

1.50

@0.5% Cu cut-off

4058

4123

65

0.728

0.161

1.277

1.70

 

MEX-189

@0.3% Cu cut-off

3578

3598

20

0.384

0.099

0.514

0.89

@0.3% Cu cut-off

3618

3713

95

0.664

0.166

0.946

1.55

@0.5% Cu cut-off

3623

3708

85

0.701

0.175

0.989

1.62

including

3633

3648

15

1.047

0.277

1.542

2.48

 

MEX-190

@0.5% Cu cut-off

4479

4489

10

0.681

0.161

2.561

2.20

 

MEX-191

@0.3% Cu cut-off

3972

4102

130

0.740

0.198

1.199

1.80

@0.5% Cu cut-off

3977

4087

110

0.812

0.216

1.327

1.98

including

3977

4012

35

0.943

0.259

1.588

2.33

 

MEX-192

@0.3% Cu cut-off

3903

4008

105

0.497

0.115

0.639

1.10

@0.5% Cu cut-off

3903

3933

30

0.810

0.180

1.032

1.76

 

MEX-193

@0.5% Cu cut-off

4153.5

4179

25.5

0.523

0.185

2.562

2.07

 

MEX-194

@0.3% Cu cut-off

3823

3953

130

0.893

0.211

1.812

2.23

@0.5% Cu cut-off

3828

3948

120

0.934

0.222

1.925

2.35

including

3858

3888

30

1.181

0.262

2.439

2.96

and

3918

3948

30

1.160

0.263

2.398

2.88

@0.3% Cu cut-off

3993

4038

45

0.899

0.156

1.452

1.89

@0.5% Cu cut-off

3998

4028

30

1.131

0.179

1.816

2.31

including

4008

4018

10

1.700

0.168

2.810

3.10

 

MEX-195

@0.3% Cu cut-off

3610.5

3648

37.5

0.548

0.171

0.760

1.38

@0.5% Cu cut-off

3613

3643

30

0.602

0.183

0.824

1.49

@0.3% Cu cut-off

3678

3693

15

0.399

0.119

0.468

0.95

@0.3% Cu cut-off

3713

3728

15

0.350

0.096

0.361

0.78

 

 

 

 

 

 

 

 

 


*TPM = Total Precious Metals (Platinum+Palladium+Gold)
** g/t = grams per tonne


Complete gold, platinum, palladium and silver assays for MEX-182, 183, 183-W1, 184, 185, 186, 187, 188, 189, 190, 191, 192, 193, 194 and 195 are as follows:

HOLE

ZONE

FROM
(feet)

TO
(feet)

LENGTH
(feet)

GOLD
(g/t)**

PLATINUM
(g/t)**

PALLADIUM
(g/t)**

SILVER
(g/t)**

MEX-182

@0.3% Cu cut-off

4062

4212

150

0.138

0.283

0.878

3.3

@0.5% Cu cut-off

4067

4212

145

0.139

0.287

0.893

3.3

including

4142

4157

15

0.216

0.432

0.991

3.3

and

4182

4197

15

0.180

0.285

2.455

9.9

MEX-183

Total Mineralized Interval

3869

4044

175

0.141

0.165

0.361

1.9

@0.3% Cu cut-off

3879

3904

25

0.081

0.098

0.263

2.7

@0.3% Cu cut-off

3934

4024

90

0.217

0.225

0.467

2.2

@0.5% Cu cut-off

3934

3989

55

0.318

0.304

0.612

2.5

MEX-183-W1

Total Mineralized Interval

3888

4063

175

0.096

0.176

0.418

2.0

@0.3% Cu cut-off

3888

3908

20

0.099

0.168

0.320

2.2

@0.3% Cu cut-off

3923

4023

100

0.129

0.236

0.578

2.8

@0.5% Cu cut-off

3923

4008

85

0.141

0.250

0.624

3.0

including

3938

3948

10

0.290

0.467

1.048

2.9

and

3963

3973

10

0.224

0.439

0.988

4.8

MEX-184

@0.3% Cu cut-off

268

278

10

0.029

0.015

0.058

1.4

@0.3% Cu cut-off

4498

4518

20

0.078

0.097

0.245

1.7

@0.5% Cu cut-off

4503

4518

15

0.075

0.102

0.259

1.6

@0.5% Cu cut-off

4543

4548

5

0.135

0.167

0.405

2.3

MEX-185

@0.3% Cu cut-off

4038

4058

20

0.153

0.265

0.683

1.8

@0.5% Cu cut-off

4043

4058

15

0.131

0.289

0.762

2.0

@0.3% Cu cut-off

4093

4218

125

0.149

0.238

0.606

2.8

@0.5% Cu cut-off

4093

4173

80

0.182

0.281

0.739

3.3

including

4098

4123

25

0.299

0.417

1.128

3.5

@0.5% Cu cut-off

4188

4208

20

0.114

0.216

0.517

2.8

MEX-186

@0.5% Cu cut-off

4133

4233

100

0.105

0.306

0.621

2.3

MEX-187

Total Mineralized Interval

4489

4524

35

0.096

0.194

0.268

2.5

@0.5% Cu cut-off

4414

4419

5

0.072

0.097

0.263

1.4

@0.3% Cu cut-off

4489

4499

10

0.264

0.585

0.781

6.3

@0.3% Cu cut-off

4514

4524

10

0.060

0.048

0.087

2.3

MEX-188

@0.3% Cu cut-off

4038

4133

95

0.141

0.273

0.688

3.3

@0.5% Cu cut-off

4058

4123

65

0.165

0.311

0.802

3.5

MEX-189

@0.3% Cu cut-off

3578

3598

20

0.064

0.137

0.313

1.2

@0.3% Cu cut-off

3618

3713

95

0.112

0.266

0.568

2.2

@0.5% Cu cut-off

3623

3708

85

0.117

0.275

0.596

2.4

including

3633

3648

15

0.165

0.409

0.968

3.1

MEX-190

@0.5% Cu cut-off

4479

4489

10

0.335

0.752

1.474

2.8

MEX-191

@0.3% Cu cut-off

3972

4102

130

0.149

0.312

0.739

3.1

@0.5% Cu cut-off

3977

4087

110

0.163

0.347

0.818

3.4

including

3977

4012

35

0.187

0.384

1.017

3.5

MEX-192

@0.3% Cu cut-off

3903

4008

105

0.091

0.172

0.376

2.6

@0.5% Cu cut-off

3903

3933

30

0.132

0.284

0.617

3.1

MEX-193

@0.5% Cu cut-off

4153.5

4179

25.5

0.242

0.668

1.653

1.3

MEX-194

@0.3% Cu cut-off

3823

3953

130

0.400

0.450

0.962

3.0

@0.5% Cu cut-off

3828

3948

120

0.427

0.478

1.020

3.2

including

3858

3888

30

0.504

0.692

1.243

3.7

and

3918

3948

30

0.290

0.622

1.487

4.4

@0.3% Cu cut-off

3993

4038

45

0.213

0.288

0.951

6.7

@0.5% Cu cut-off

3998

4028

30

0.266

0.340

1.210

9.3

including

4008

4018

10

0.490

0.355

1.965

22.4

MEX-195

@0.3% Cu cut-off

3610.5

3648

37.5

0.100

0.224

0.436

2.1

@0.5% Cu cut-off

3613

3643

30

0.111

0.245

0.469

2.3

@0.3% Cu cut-off

3678

3693

15

0.055

0.138

0.275

1.9

@0.3% Cu cut-off

3713

3728

15

0.051

0.085

0.225

1.4


*TPM = Total Precious Metals (Platinum+Palladium+Gold)
** g/t = grams per tonne


For the 2010-2011 Drill Program, half core samples are being prepared at ALS Chemex Ltd. laboratories in Thunder Bay and then shipped to its analytical facilities in Vancouver. Samples are being analyzed for Au, Pt, and Pd using a standard fire assay with an ICP finish and for 27 other elements using a four acid (near total) digestion and a combination of ICPMS and ICPAES. ICP over limits were re-analyzed using sodium peroxide fusion, acid dissolution followed by ICPAES. The remaining half core samples are being stored in Minnesota.

*Note - Copper Equivalent is based on US metal prices of: Copper - $1.75/lb, Nickel - $7.00/lb, Cobalt - $10.00/lb, Gold - $600/oz, Platinum - $1,100/oz, Palladium - $350/oz and Silver - $8.50/oz, and the methodology with metallurgical recoveries, refining costs and other charges being considered for all metals in accordance with the Net Smelter Return Factors contained in the January 22, 2008, NI 43-101 Scoping Study produced by Scott Wilson RPA.

David Oliver, P. Geo. and Twin Metals Site Manager is the Qualified Person, in accordance with NI 43-101 of the Canadian Securities Administrators, and is responsible for the technical content of this press release and quality assurance of the exploration data and analytical results.

About Duluth Metals

Duluth Metals is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth Metals has a joint venture with Antofagasta plc on the Nokomis Project, located within the rapidly emerging Duluth Complex mining camp in north-eastern Minnesota. The Duluth Complex hosts one of the world's largest undeveloped repositories of copper, nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals. Aside from the joint venture, Duluth Metals retains a 100% position on approximately 31,000 acres of mineral interests on exploration properties adjacent to and nearby the Nokomis joint venture.

About Twin Metals Minnesota LLC

Twin Metals Minnesota LLC is a new joint venture company, which is 60% owned by Duluth Metals and 40% by Antofagasta plc. The joint venture's principal asset is called the Nokomis Project, located within the Duluth Complex mining camp in north-eastern Minnesota. The current NI 43-101 compliant Resource Estimate dated December 2009 for the Nokomis Deposit consists of 550 million tonnes of Indicated Resources grading 0.639% copper, 0.200% nickel, 0.660 grams per tonne TPM (TPM = Pt + Pd + Au) for a copper equivalent (CuEq) grade of 1.51%, plus an additional 274 million tonnes of Inferred Resources grading 0.632% copper, 0.207% nickel, 0.685 grams per tonne TPM for a CuEq grade of 1.53%.

"This document may contain forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to, among other things, the operations of Duluth Metals, the environment in which it operates, timing and amount of capital expenditures, results of exploration and mine development, the availability of funding to Duluth Metals and timing of geological reports. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the control of Duluth Metals. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in the annual information form under the heading "Risk Factors" and in the other public filings of Duluth Metals. Consequently, undue reliance should not be placed on such forward-looking statements. In addition, all forward-looking statements in this press release are given as of the date hereof. Duluth Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


For further information: please contact:
Mara Strazdins
Director of Corporate Communications
(416) 369-1500 ext 222
mstrazdins@duluthmetals.com

Vern Baker
President
(651)-389-9990
vbaker@duluthmetals.com

Duluth Metals Limited Inc.

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Duluth Metals is a nickel and palladium exploration company based in Canada.

Duluth Metals develops nickel, palladium, cobalt, copper, gold, lead and platinum in USA, and holds various exploration projects in Canada.

Its main asset in development is BIRCH LAKE in USA and its main exploration property is NOKOMIS in Canada.

Duluth Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 63.1 millions as of today (US$ 50.9 millions, € 44.8 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.07, and its lowest recent point on October 31, 2014 at CA$ 0.06.

Duluth Metals has 141 880 000 shares outstanding.

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2/14/2008(Nokomis)Continued Drilling Expands Nokomis Deposit
Corporate news of Duluth Metals Limited Inc.
12/16/2014commences mailout of management information circular for arr...
12/3/2014Granted Interim Order For Arrangement
11/10/2014completes initial tranche of private placement with Antofaga...
10/3/2014(Minnesota Project)Files NI 43-101 Pre-feasibility Study Technical Report on th...
6/2/2014Annual General Meeting to be Held at 10:00 AM EDT June 9th a...
2/26/2014Announces Increased Tonnage, Metal Content and an Upgraded M...
9/4/2013Announces High Grade Nickel Intercepts Indicative of New Con...
8/6/2013Announces Discovery Immediately Southeast of Teck's Mesaba P...
6/18/2013Announces 2013 Annual Shareholders' Meeting Voting Results
6/7/2013Annual General Meeting to be Held at 10:00 AM EDT June 13th ...
4/10/2013Announces Closing of CDN $30 Million Convertible Debenture F...
10/16/2012Announces Mobilization of a Third Drill Rig on Exploration ...
10/1/2012announces closing of US$10 million loan financing with A...
6/13/2012Announces New AMEC NI 43-101 Technical Report Confirming Sig...
5/14/2012(Minnesota Project)Highlights 116.5 feet of 1.32 g/t Total Precious Metals and ...
4/23/2012Announces 30 feet of 2.11 g/t Total Precious Metals and 94 f...
3/21/2012Announces Twin Metals Frame-of-Reference for Bechtel Led Pre...
1/17/2012Announces 40 feet of 2.67 g/t Total Precious Metals on Lates...
8/31/2011Completes Transfer of Franconia Minerals Assets into Twin ...
8/18/2011Information Bulletin Re Dividend of Special Warrants to its ...
8/2/2011Commences Drilling Program on Platinum Targets on the Land ...
7/28/2011Announces Dividend of Special Warrants of Duluth Exploration...
6/9/2011Announces 34.5 feet at 2.82% CuEq from Twin Metals New Drill...
6/7/2011Annual and Special Meeting to be Held June 15th at One King ...
3/3/2011Franconia Minerals Shareholders Approve Arrangement with Dul...
8/9/2010Last Week's Events
6/8/2010Annual And Special Meeting To Be Held At The Toronto Board O...
11/18/2009Nominated for Mining Journal's Exploration Award
10/30/2009Confirms 12 Million Indicated Ounces And 6 Million Inferred ...
8/18/2009Hole Hits Mineralization 900 Meters Southwest Of Defined Bou...
6/16/2009expands exploration land holdings in the Duluth Complex
9/10/2008Progress Report On The Nokomis Deposit
8/14/2008Continues Infill Drilling On The Nokomis Deposit
5/21/2008Announces Early Warrant Exercise
3/25/2008 Presents At John Tumazos Very Independent Research, Llc Met...
3/4/2008 Hits Higher Grade Mineralization In Eastern Area
2/19/2008options key infrastructure land parcel
9/5/2007new drill results confirm increased mineralization to Nokomi...
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