Duluth Metals Limited Inc.

Published : April 02nd, 2008

Cuts New High Grade Zone Below Nokomis Deposit

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Re:        News Releases - Wednesday, April 02, 2008
Title:     Duluth Metals Cuts New High Grade Zone Below Nokomis Deposit

TORONTO, Ontario, April 2, 2008 -- Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX:DM.U) today announced it had intersected a new footwall zone of higher grade mineralization in the Giants Range Batholith below the lower contact of the Duluth Complex where the main Nokomis copper-nickel-PGE mineralization is situated. Hole MEX-084, cut 0.850% copper, 0.302% nickel with 0.916 grams per tonne (g/t) of Total Precious Metals (TPM = Platinum+palladium+Gold) and 3.18 g/t silver over 137.8 feet. The lower part of this interval includes 68.9 feet at 1.03% copper, 0.270% nickel with 1.068 g/t TPM and 4.08 g/t silver.

Hole MEX-086, drilled 200 metres south of MEX-084, also intersected high grade mineralization within the new horizon below the Nokomis deposit. MEX-086 intersected 120.0 feet of 0.921% copper, 0.290% nickel, with 0.974 g//t TPM and 3.53 g/t silver within the Nokomis horizon, and then intersected two high grade zones 55 and 190 feet below the main mineralization. These high grade zones assayed 1.705% copper, 0.427% nickel with 1.395 g/t TPM and 5.75 g/t silver over 10.0 feet and 1.390% copper, 0.199% nickel with 2.809 g/t TPM and 11.33 g/t silver over 15.0 feet, respectively.

"These results from MEX-084 open up a new dimension to this project", stated Dr. Henry Sandri, President and CEO of Duluth, "In addition, results from our recent drilling on the Nokomis horizon in this same area are returning some of the best intersections we have drilled to date. The new high grade footwall mineralization adds significantly to the potential in this area, particularly when one considers that historic hole NM-04, located just south of our property boundary, reportedly intersected 130 feet of 0.87% copper, 0.06% nickel, including 30 feet of 1.55% copper, 0.10% nickel within these same footwall rocks about three quarters of a mile southeast of MEX-084 and MEX-086."

Holes MEX-088 and MEX-090, drilled 200 to 400 meters to the east of MEX-084 and MEX-086 extended the Nokomis deposit down dip to the east in this area. MEX-088, the furthest hole down-dip in this area intersected 0.939% copper, 0.223% nickel with 1.691 g/t TPM and 3.48 g/t silver over 152.4 feet, making it one of the best holes drilled on the property. Further drilling will be needed to delineate mineralization to the south.

A more detailed summary of the assay results for holes MEX-084, MEX-086, MEX-088 and MEX-090 all drilled in the southwest area, 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-84

@0.3% Cu cut-off

2849.7

3125.3

275.6

0.680

0.242

0.687

@0.5% Cu cut-off

2898.9

2943.1

44.2

0.661

0.188

0.601

@0.5% Cu cut-off

2972.6

3110.4

137.8

0.850

0.302

0.916

including

3041.5

3110.4

68.9

1.033

0.270

1.068

MEX-86

@0.3% Cu cut-off

2898

3093

195

0.784

0.248

0.780

@0.5% Cu cut-off

2898

3008

110

0.961

0.302

1.029

including

2913

2968

55

1.167

0.365

1.308

@0.5% Cu cut-off

3073

3083

10

1.705

0.427

1.395

@0.3% Cu cut-off

3163

3188

25

0.408

0.081

0.382

@0.5% Cu cut-off

3208

3223

15

1.390

0.199

2.809

MEX-88

@0.5% Cu cut-off

3430.3

3582.7

152.4

0.939

0.223

1.691

including

3435.1

3489.3

54.2

1.191

0.263

2.169

MEX-90

@0.3% Cu cut-off

2993

3178

185

0.604

0.182

0.719

@0.5% Cu cut-off

2993

3093

100

0.736

0.215

0.936

including

2998

3003

5

1.005

0.271

1.136

and

3038

3053

15

1.022

0.345

2.114

@0.5% Cu cut-off

3123

3138

15

0.796

0.194

0.615


*Total Precious Metals = Platinum+palladium+Gold

Complete gold, platinum, and palladium assays for MEX-84, 86, 88 and 90 are as follows:

 

HOLE

 

ZONE

FROM (feet)

TO (feet)

LENGTH (feet)

GOLD (g/t)

PLATINUM (g/t)

palladium (g/t)

MEX-84

@0.3% Cu cut-off

2849.7

3125.3

275.6

0.096

0.180

0.411

@0.5% Cu cut-off

2898.9

2943.1

44.2

0.106

0.141

0.354

@0.5% Cu cut-off

2972.6

3110.4

137.8

0.119

0.247

0.551

including

3041.5

3110.4

68.9

0.146

0.286

0.637

MEX-86

@0.3% Cu cut-off

2898

3093

195

0.112

0.194

0.475

@0.5% Cu cut-off

2898

3008

110

0.149

0.260

0.620

including

2913

2968

55

0.173

0.348

0.787

@0.5% Cu cut-off

3073

3083

10

0.179

0.282

0.935

@0.3% Cu cut-off

3163

3188

25

0.058

0.110

0.215

@0.5% Cu cut-off

3208

3223

15

0.459

0.747

1.603

MEX-88

@0.5% Cu cut-off

3430.3

3582.7

152.4

0.199

0.468

1.023

including

3435.1

3489.3

54.2

0.226

0.584

1.359

MEX-90

@0.3% Cu cut-off

2993

3178

185

0.097

0.222

0.400

@0.5% Cu cut-off

2993

3093

100

0.125

0.316

0.496

including

2998

3003

5

0.161

0.287

0.688

and

3038

3053

15

0.187

1.065

0.862

@0.5% Cu cut-off

3123

3138

15

0.099

0.158

0.359

 

 

 

 

 

 

 

 

 

 

A "MEX 84-95 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


Holes MEX-085, 092, and 095 are step-out holes that have extended the mineralization of the eastern Nokomis block outline to the north and east. MEX-095 intersected 236.2 feet of 0.628% copper, 0.141% nickel and 0.472 g/t TPM including 142.6 feet of 0.745% copper, 0.200% nickel and 0.567 g/t TPM with one 14.8 foot section of 0.977% copper, 0.312% nickel and 0.985 g/t TPM.

HOLE

ZONE

FROM (feet)

TO (feet)

LENGTH (feet)

COPPER (%)

NICKEL (%)

TPM* (g/t)

MEX-85

@0.3% Cu cut-off

3169.4

3263

93.6

0.472

0.141

0.472

@0.5% Cu cut-off

3228.5

3263

34.5

0.584

0.169

0.599

MEX-92

@0.3% Cu cut-off

2913.6

2992.3

78.7

0.574

0.183

0.488

@0.5% Cu cut-off

2948.1

2992.3

44.2

0.659

0.188

0.474

@0.3% Cu cut-off

3031.7

3051.4

19.7

0.508

0.100

0.445

including

3041.5

3046.5

5

0.996

0.127

0.890

MEX-95

@0.3% Cu cut-off

2815.2

3051.4

236.2

0.628

0.167

0.457

@0.5% Cu cut-off

2820.2

2962.8

142.6

0.745

0.200

0.567

including

2834.9

2849.7

14.8

0.977

0.312

0.985

@0.5% Cu cut-off

2992.3

3017

24.7

0.649

0.179

0.457


*Total Precious Metals = Platinum+palladium+Gold

Complete gold, platinum and palladium assays for MEX 85, 92 and 95 are as follows:

 

HOLE

ZONE

FROM (feet)

TO (feet)

LENGTH (feet)

GOLD (g/t)

PLATINUM (g/t)

palladium (g/t)

MEX-85

@0.3% Cu cut-off

3169.4

3263

93.6

0.073

0.125

0.273

@0.5% Cu cut-off

3228.5

3263

34.5

0.097

0.160

0.342

MEX-92

@0.3% Cu cut-off

2913.6

2992.3

78.7

0.064

0.132

0.293

@0.5% Cu cut-off

2948.1

2992.3

44.2

0.068

0.123

0.283

@0.3% Cu cut-off

3031.7

3051.4

19.7

0.069

0.119

0.258

including

3041.5

3046.5

5

0.132

0.239

0.519

MEX-95

@0.3% Cu cut-off

2815.2

3051.4

236.2

0.061

0.109

0.287

@0.5% Cu cut-off

2820.2

2962.8

142.6

0.071

0.137

0.359

including

2834.9

2849.7

14.8

0.101

0.225

0.659

@0.5% Cu cut-off

2992.3

3017

24.7

0.066

0.106

0.285



Holes MEX-87, 89, 91, 93, and 94 are step-out holes largely immediately south of the central part of the Nokomis Deposit. The highlight from this series of holes are higher TPM grades than the TPM grades of the qualified NI 43-101 Nokomis resource.

 

HOLE

ZONE

FROM
(feet)

TO
(feet)

LENGTH
(feet)

COPPER
(%)

NICKEL
(%)

TPM*
(g/t)

MEX-87

@0.3% Cu cut-off

2778

2843

65

0.537

0.154

0.627

@0.5% Cu cut-off

2793

2833

40

0.671

0.173

0.769

@0.3% Cu cut-off

2863

2893

30

0.384

0.117

0.465

MEX-89

@0.3% Cu cut-off

3088

3098

10

0.470

0.136

0.587

MEX-91M

@0.3% Cu cut-off

2813

2928

115

0.591

0.224

0.597

@0.5% Cu cut-off

2813

2858

45

0.651

0.272

0.644

@0.5% Cu cut-off

2878

2928

50

0.610

0.167

0.614

MEX-93

@0.3% Cu cut-off

3085.9

3154.8

68.9

0.546

0.149

0.535

@0.5% Cu cut-off

3090.7

3125.2

34.5

0.659

0.184

0.663

@0.3% Cu cut-off

3189.1

3327

137.9

0.492

0.132

0.527

@0.5% Cu cut-off

3189.1

3272.8

83.7

0.567

0.148

0.630

MEX-94

@0.3% Cu cut-off

2983

3128

145

0.470

0.124

0.485

@0.5% Cu cut-off

3028

3063

35

0.550

0.159

0.543

@0.5% Cu cut-off

3098

3108

10

0.908

0.178

0.985

@0.5% Cu cut-off

3118

3128

10

0.809

0.100

0.739

 


*Total Precious Metals = Platinum+palladium+Gold
Complete gold, platinum and palladium assays for MEX 87, 89, 91, 93 and 94 are as follows:

 

HOLE

ZONE

FROM (feet)

TO (feet)

LENGTH (feet)

GOLD (g/t)

PLATINUM (g/t)

palladium (g/t)

MEX-87

@0.3% Cu cut-off

2778

2843

65

0.093

0.166

0.368

@0.5% Cu cut-off

2793

2833

40

0.118

0.202

0.450

@0.3% Cu cut-off

2863

2893

30

0.062

0.128

0.274

MEX-89

@0.3% Cu cut-off

3088

3098

10

0.100

0.147

0.340

MEX-91M

@0.3% Cu cut-off

2813

2928

115

0.080

0.167

0.350

@0.5% Cu cut-off

2813

2858

45

0.087

0.183

0.374

@0.5% Cu cut-off

2878

2928

50

0.082

0.170

0.362

MEX-93

@0.3% Cu cut-off

3085.9

3154.8

68.9

0.082

0.140

0.313

@0.5% Cu cut-off

3090.7

3125.2

34.5

0.097

0.176

0.391

@0.3% Cu cut-off

3189.1

3327

137.9

0.084

0.135

0.308

@0.5% Cu cut-off

3189.1

3272.8

83.7

0.102

0.163

0.365

MEX-94

@0.3% Cu cut-off

2983

3128

145

0.071

0.121

0.293

@0.5% Cu cut-off

3028

3063

35

0.077

0.137

0.330

@0.5% Cu cut-off

3098

3108

10

0.154

0.260

0.571

@0.5% Cu cut-off

3118

3128

10

0.122

0.197

0.420



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 five drills are turning on the property. Two of the rigs are continuing with large diameter PQ core drilling with the objective of providing large bulk sample material for further metallurgical test work.

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 ..

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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Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.94+9.34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69+13.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.60+1.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :