Duluth Metals Limited Inc. Continues Infill Drilling On The Nokomis Deposit by 24hgold

Keywords : Cobalt |

Re: News Releases - Thursday, August 14, 2008
Title: Duluth Metals Continues Infill Drilling On The Nokomis Deposit

TORONTO, Ontario, August 14, 2008 -- Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX:DM.U) today announced significant new assays for seven infill holes drilled on the Nokomis Deposit located near Ely, Minnesota. Hole MEX-126 returned an impressive 5 foot section grading 4.40% copper and 2.627 grams per tonne (g/t) of Total Precious Metals (TPM = Platinum+palladium+Gold) (Cu Equivalent* of 6.87%) within 29.5 feet of 1.192% copper, 0.148% nickel and 0.880 g/t TPM (Cu Equivalent* of 2.04%). Other highlights include hole MEX-121 which intersected 230.9 feet of 0.669% copper, 0.223% nickel, 0.446 g/t TPM and 2.3 g/t silver (Cu Equivalent* of 1.52%), which included 34.4 feet of 0.871% copper, 0.314% nickel, 0.671 g/t TPM and 3.0 g/t silver (Cu Equivalent* of 2.08%).

In addition to the above, the infill drilling intersected mineralized sections ranging from approximately 15.0 to 398.6 feet as per the detailed table further in this press release and includes the following additional significant intersections:

MEX-118 intersected 14.6 feet of 0.859% copper, 0.299% nickel and 0.912 g/t TPM (Cu Equivalent* of 2.11%).
MEX-120 intersected 132.9 feet of 0.633% copper, 0.180% nickel and 0.915 g/t TPM (Cu Equivalent* of 1.55%), including 24.6 feet of 0.855% copper, 0.226% nickel and 1.197 g/t TPM (Cu Equivalent* of 2.03%).
MEX-123 intersected 15.0 feet of 1.143% copper, 0.420% nickel and 0.935 g/t TPM (Cu Equivalent* of 2.77%).
MEX-125 intersected 398.6 feet of 0.511% copper, 0.170% nickel and 0.399 g/t TPM (Cu Equivalent* of 1.18%), including 88.6 feet of 0.663% copper, 0.233% nickel and 0.642 g/t TPM (Cu Equivalent* of 1.61%) as well as 44.2 feet of 0.706% copper, 0.222% nickel and 0.519 g/t TPM (Cu Equivalent* of 1.59%).
MEX-126 intersected 39.3 feet of 0.970% copper, 0.121% nickel and 0.735 g/t TPM (Cu Equivalent* of 1.67%).
*Note to Reader: 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 - $350/0z 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 January 22, 2008, NI 43-101Scoping Study produced by Scott Wilson Roscoe Postle Associates.

"This latest infill drilling confirms continued mineralization throughout the Nokomis Deposit as well as shorter higher grade intervals within our wide zones of mineralization. We are moving into the pre-feasibility and mine planning stage of the Nokomis Deposit and the infill drilling program results will be continuously incorporated into the upcoming studies." stated Dr. Henry J. Sandri, President and CEO of Duluth.

A more detailed summary of the assay results for holes MEX-118 to 126 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)
MEX-118		Total Mineralized Interval		2613.6		2805.4		191.8		0.336		0.106		0.313
		@0.5% Cu cut-off		2613.6		2628.2		14.6		0.859		0.299		0.912
		@0.3% Cu cut-off		2647.9		2692.3		44.4		0.472		0.143		0.438
		@0.5% Cu cut-off		2652.9		2677.4		24.5		0.539		0.165		0.496
		@0.3% Cu cut-off		2721.8		2751.3		29.5		0.419		0.172		0.367
		@0.3% Cu cut-off		2790.7		2805.4		14.7		0.524		0.073		0.482

MEX-119		Total Mineralized Interval		2603		2793		190		0.364		0.124		0.468
		@0.5% Cu cut-off		2698		2768		70		0.555		0.182		0.826
		@0.5% Cu cut-off		2848		2868		20		0.562		0.031		0.081

MEX-120		@0.3% Cu cut-off		3271.8		3508		236.2		0.544		0.155		0.770
		@0.5% Cu cut-off		3286.5		3419.4		132.9		0.633		0.180		0.915
		including		3345.6		3370.2		24.6		0.855		0.226		1.197

MEX-121		@0.3% Cu cut-off		1162.1		1393		230.9		0.669		0.223		0.446
		@0.5% Cu cut-off		1162.1		1378		215.9		0.690		0.228		0.464
		including		1226.1		1260.5		34.4		0.871		0.314		0.671
		@0.5% Cu cut-off		1595		1614.9		19.9		0.843		0.272		0.567

MEX-123		Total Mineralized Interval		2493		2803		310		0.384		0.150		0.334
		@0.3% Cu cut-off		2493		2578		85		0.400		0.110		0.320
		@0.3% Cu cut-off		2613		2803		190		0.423		0.185		0.380
		including		2718		2733		15		1.143		0.420		0.935

MEX-125		@0.3% Cu cut-off		1122.7		1521.3		398.6		0.511		0.170		0.399
		@0.5% Cu cut-off		1122.7		1211.3		88.6		0.663		0.233		0.642
		@0.5% Cu cut-off		1314.7		1349		34.3		0.550		0.172		0.384
		@0.5% Cu cut-off		1383.6		1427.8		44.2		0.706		0.222		0.519

MEX-126		@0.3% Cu cut-off		3356.4		3376.1		19.7		0.617		0.157		0.643
		@0.5% Cu cut-off		3356.4		3371.2		14.8		0.709		0.184		0.740
		@0.3% Cu cut-off		3572.9		3641.8		68.9		0.476		0.120		0.510
	@0.5% Cu cut-off		3587.7		3622.1		34.4		0.592		0.155		0.667
	@0.3% Cu cut-off		3740.2		3779.5		39.3		0.970		0.121		0.735
	@0.5% Cu cut-off		3740.2		3769.7		29.5		1.192		0.148		0.880
	including		3759.8		3764.8		5		4.400		0.366		2.627

*Total Precious Metals = Platinum+palladium+Gold

Complete gold, platinum, and palladium assays for MEX-118, 119, 120, 121, 123, 125, and 126 are as follows:

HOLE	ZONE		FROM (feet)		TO (feet)		LENGTH (feet)		GOLD (g/t)		PLATINUM (g/t)		palladium (g/t)
MEX-118		Total Mineralized Interval		2613.6		2805.4		191.8		0.043		0.078		0.191
		@0.5% Cu cut-off		2613.6		2628.2		14.6		0.073		0.230		0.610
		@0.3% Cu cut-off		2647.9		2692.3		44.4		0.072		0.100		0.266
		@0.5% Cu cut-off		2652.9		2677.4		24.5		0.083		0.109		0.304
		@0.3% Cu cut-off		2721.8		2751.3		29.5		0.053		0.100		0.214
		@0.3% Cu cut-off		2790.7		2805.4		14.7		0.086		0.117		0.279

MEX-119		Total Mineralized Interval		2603		2793		190		0.060		0.125		0.283
		@0.5% Cu cut-off		2698		2768		70		0.103		0.222		0.500
		@0.5% Cu cut-off		2848		2868		20		0.015		0.015		0.052

MEX-120		@0.3% Cu cut-off		3271.8		3508		236.2		0.102		0.222		0.446
		@0.5% Cu cut-off		3286.5		3419.4		132.9		0.109		0.272		0.533
		including		3345.6		3370.2		24.6		0.174		0.355		0.668

MEX-121		@0.3% Cu cut-off		1162.1		1393		230.9		0.071		0.111		0.263
		@0.5% Cu cut-off		1162.1		1378		215.9		0.074		0.116		0.275
		including		1226.1		1260.5		34.4		0.092		0.156		0.423
		@0.5% Cu cut-off		1595		1614.9		19.9		0.095		0.135		0.338

MEX-123		Total Mineralized Interval		2493		2803		310		0.043		0.083		0.208
		@0.3% Cu cut-off		2493		2578		85		0.056		0.077		0.187
		@0.3% Cu cut-off		2613		2803		190		0.041		0.096		0.243
		including		2718		2733		15		0.101		0.223		0.610

MEX-125		@0.3% Cu cut-off		1122.7		1521.3		398.6		0.080		0.096		0.223
		@0.5% Cu cut-off		1122.7		1211.3		88.6		0.170		0.138		0.334
		@0.5% Cu cut-off		1314.7		1349		34.3		0.062		0.101		0.222
		@0.5% Cu cut-off		1383.6		1427.8		44.2		0.078		0.141		0.300

MEX-126		@0.3% Cu cut-off		3356.4		3376.1		19.7		0.071		0.168		0.404
		@0.5% Cu cut-off		3356.4		3371.2		14.8		0.072		0.199		0.469
	@0.3% Cu cut-off		3572.9		3641.8		68.9		0.073		0.135		0.302
	@0.5% Cu cut-off		3587.7		3622.1		34.4		0.099		0.171		0.397
	@0.3% Cu cut-off		3740.2		3779.5		39.3		0.121		0.278		0.335
	@0.5% Cu cut-off		3740.2		3769.7		29.5		0.146		0.340		0.394
	including		3759.8		3764.8		5		0.448		1.340		0.839

All assay data is rounded to the nearest significant digit.
A "MEX 118-126 Location Map" highlighting these holes as well as other holes discussed in this release can be found on our Company website at www.duluthmetals.com.

For the 2008 drill program, half core samples have been 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.

Currently four drills are turning on the property and the Company is anticipating commencement of the Pre-feasibility Study in the near future.

David Oliver, P. Geo. and Duluth Project 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 is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth's principal property is the Nokomis Deposit located within the rapidly emerging Duluth Complex mining camp in northeastern 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.

This document may contain forward-looking statements (including "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to Duluth's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Duluth's control. 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 other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Duluth 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, at mstrazdins@duluthmetals.com or at (416) 369-1500 or Henry Sandri, President and CEO, at hsandri@duluthmetals.com. Minnesota corporate office: telephone 651-389-9990.

Web Page: www.duluthmetals.com

Copyright � 2008 DULUTH METALS LIMITED (DM) All rights reserved. For more information visit our website at http://www.duluthmetals.com/ or send email to info@duluthmetals.com ..
Message sent on Wed Aug 13, 2008 at 2:13:51 PM Pacific Time

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