Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Duluth Metals Limited Inc.

Publié le 06 août 2013

Announces Discovery Immediately Southeast of Teck's Mesaba Project

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Cobalt | Copper | Nickel | Palladium |

News Release - Tuesday, August 06, 2013
Duluth Metals Announces Discovery Immediately Southeast of Teck's Mesaba Project

  • Significant drill intersections on Duluth Metals 100% owned Rook Property.
  • The Rook Property discovery hole is located southeast of Teck's large Mesaba Deposit in the Duluth Complex in Minnesota.
  • Three separate zones of copper, nickel and Platinum Group mineralization have been confirmed in Hole 13-RK-02.
TORONTO, Ontario, August 6, 2013 - Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX: DM.U) is pleased to announce results for Hole 13-RK-02, drilled on the 100% owned Rook Property, situated in the western sector of the Company's 100% owned 40,000 acre exploration package. This hole has intersected three significant mineralized sections returning the following highlights:
  • Zone 1 - A 5.9 foot intersection of 0.88% copper, 0.18% nickel, 2.3 g/t silver and 8.16 g/t TPM (TPM = Platinum+Palladium+Gold) at a 5.0 g/t TPM cut-off within a 12.7 foot intersection of 0.49% copper, 0.11% nickel, 1.4 g/t silver and 4.69 g/t TPM at a 1.0 g/t TPM cut-off;
  • Zone 2 - A 79.6 foot intersection of 0.66% copper, 0.16% nickel, 2.3 g/t silver and 1.16 g/t TPM at a 0.5% Cu cut-off within a 128.1 foot intersection of 0.53% copper, 0.14% nickel, 0.04 g/t silver and 0.90 g/t TPM at a 0.3% Cu cut-off;
  • Zone 3 - A 95.0 foot intersection of 0.95% copper, 0.26% nickel, 2.9 g/t silver and 0.94 g/t TPM at a 0.5% Cu cut-off within a 188.4 foot intersection of 0.70 % copper, 0.18 % nickel, 2.5 g/t silver and 0.85 g/t TPM at a 0.3% Cu cut-off.
The Rook Property is situated on the south-eastern boundary of the Teck Resources Limited ("Teck") Mesaba copper-nickel project in the Duluth Complex, northeastern Minnesota and is approximately three miles southwest of the Twin Metals Minnesota Project currently under pre-feasibility study by Duluth and its joint venture partner Antofagasta plc. Drilling on the Rook Property is part of the long term exploration program being conducted on Duluth Metals' large prospective exploration package situated in the Duluth Complex.

Hole 13-RK-02 was drilled to test for the down-dip extension of mineralization at the base of the Partridge River intrusion (PRI), host to Teck's Mesaba deposit. The closest previous deep drilling to this hole is approximately a half mile to the north and west. In addition to intersecting the basal mineralization, Hole 13-RK-02 also identified high grade PGM and Cu-Ni-PGE mineralization significantly above the basal contact of the PRI.

"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 below illustrates the property and drill hole locations.

Figure 1



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)

13-RK-01

Shallow 359 ft. hole no significant assays

13-RK-02

@1.0 g/t TPM cut-off

933.9

946.6

12.7

0.49

0.11

4.69

including

@5.0 g/t TPM cut-off

940.7

946.6

5.9

0.88

0.18

8.16

13-RK-02

@0.3% Cu cut-off

2259.9

2388

128.1

0.53

0.14

0.90

including

@0.5% Cu cut-off

2259.9

2339.5

79.6

0.66

0.16

1.16

13-RK-02

@0.3% Cu cut-off

2629.1

2691.4

62.3

0.36

0.08

0.38

13-RK-02

@0.3% Cu cut-off

2864.6

3053

188.4

0.70

0.18

0.85

including

@0.5% Cu cut-off

2958

3053

95

0.95

0.26

0.94

(TPM = Platinum+Palladium+Gold)

Table 2- Complete platinum, palladium, gold, cobalt and silver assays:


HOLE

Zone

From

To

Length

Pt

Pd

Au

Co

Ag

 

 

(ft)

(ft)

(ft)

(g/t)

(g/t)

(g/t)

(%)

(g/t)

13-RK-01

Shallow 359 ft. hole no significant assays

13-RK-02

@1.0 g/t TPM cut-off

933.9

946.6

12.7

1.013

3.246

0.429

0.01

1.4

including

@5.0 g/t TPM cut-off

940.7

946.6

5.9

1.730

5.690

0.744

0.01

2.3

13-RK-02

@0.3% Cu cut-off

2259.9

2388

128.1

0.188

0.616

0.093

0.00

0.4

including

@0.5% Cu cut-off

2259.9

2339.5

79.6

0.241

0.795

0.120

0.01

2.3

13-RK-02

@0.3% Cu cut-off

2629.1

2691.4

62.3

0.058

0.284

0.034

0.01

2.5

13-RK-02

@0.3% Cu cut-off

2864.6

3053

188.4

0.148

0.615

0.087

0.01

2.2

including

@0.5% Cu cut-off

2958

3053

95

0.163

0.703

0.074

0.02

2.9



For the 2013 Drill Program, half core samples are prepared at ALS Minerals laboratories in Thunder Bay and then shipped to its analytical facilities in Vancouver. Samples are being analyzed for Au, Pt, and Pd using a 30g standard fire assay with an ICP-AES finish and for 48 other elements using a four acid (near total) digestion and a combination of ICP-MS and ICP-AES. ICP over-limits for copper and nickel are re-analyzed using dissolution four acid (near total) digestion followed by ICP-MS. Quality control samples consisting of certified reference material, blanks, and duplicate samples are submitted to monitor the integrity of assay results. The remaining half core samples are being stored in Minnesota.

Phillip Larson, P. Geo. is the Qualified Person for Duluth Metals and Senior Geologist for Duluth Metals, in accordance with NI 43-101 of the Canadian Securities Administrators, and is responsible for Duluth Metals technical content of this press release and quality assurance of the exploration data and analytical results.

About Duluth Metals Limited

Duluth Metals Limited 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 Twin Metals Minnesota 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 40,000 acres of mineral interests on exploration properties adjacent to and nearby the Twin Metals Minnesota LLC joint venture.

This press release contains 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 results of drilling operations of Duluth Metals. A number of risk factors may cause actual results, level of activity, performance or outcomes of ongoing exploration to be materially different from those expressed or implied by the drilling results contained in this press release including, without limitation, whether such discoveries will result in commercially viable quantities of such mineralized materials, the possibility of changes to project parameters as plans continue to be refined, the ability to execute planned exploration and future drilling programs, possible variations of copper, nickel and PGM grade or recovery rates, the need for additional funding to continue exploration efforts, changes in general economic, market and business conditions, and those other risks set forth in Duluth Metals' most recent annual information form under the heading "Risk Factors" and in its other public filings. Forward-looking statements are not guarantees of future performance and such information is inherently subject to known and unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the control of Duluth Metals. Although Duluth Metals has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. 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. The forward-looking statements contained herein are expressly qualified by this disclaimer.

For more information please contact:

Mara Strazdins
Vice President Investor Relations and Corporate Communications
Telephone: (416) 369-1500 ext. 222
Email: mstrazdins@duluthmetals.com
Webpage: www.duluthmetals.com

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

View the news release in PDF format:
http://www.duluthmetals.com/i/pdf/130806nr.pdf

Copyright � 2013 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.

EN DÉVELOPPEMENT
CODE : DM.TO
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Duluth Metals est une société d’exploration minière de nickel et de palladium basée au Canada.

Duluth Metals est en développement de projets de nickel, de palladium, de cobalt, de cuivre, d'or, de platine et de plomb en USA, et détient divers projets d'exploration au Canada.

Son principal projet en développement est BIRCH LAKE en USA et son principal projet en exploration est NOKOMIS au Canada.

Duluth Metals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 63,1 millions CA$ (50,9 millions US$, 44,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 4,07 CA$, et son plus bas niveau récent le 31 octobre 2014 à 0,06 CA$.

Duluth Metals possède 141 880 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Dans les médias de Duluth Metals Limited Inc.
05/07/2008Duluth Complex: A World-Class Value Play
Rapports annuels de Duluth Metals Limited Inc.
Annual Report 2007
Financements de Duluth Metals Limited Inc.
21/10/2014Extends Private Placement Closing Date
18/03/2014Completes First Tranche of Private Placement
10/03/2014Announces Private Placement Offering
01/04/2013Announces CDN $30 Million Convertible Debenture Financing
27/05/2011ANNOUNCES NORMAL COURSE ISSUER BID AND SECURITIES REPURCHASE...
27/08/2008Announces Extension Of Exercise Period For Class A Warrants ...
Nominations de Duluth Metals Limited Inc.
17/05/2011Appoints Lieutenant General John Sattler (USMC Ret.) and Mr....
16/09/2008Appoints Dean M. Peterson, Ph.D. as Senior Vice-President, E...
07/08/2008Appoints Thomas F. Pugsley To Board
Projets de Duluth Metals Limited Inc.
07/01/2014(Minnesota Project)Provides Twin Metals Minnesota Project Pre-feasibility Updat...
18/07/2013(Minnesota Project)Provides Metallurgical Update on Twin Metals Minnesota Proje...
22/05/2013(Minnesota Project)Highlights 70 feet of 0.83% Copper, 0.28% Nickel and 0.876 g...
16/04/2013(Minnesota Project)Highlights 110 feet of 0.94% Copper, 0.31% Nickel and 1.17 g...
12/02/2013Announces that Twin Metals Minnesota has Appointed Kelly J. ...
05/02/2013Identifies Two New Mineralized Areas on Exploration Lands
21/01/2013Announces SEDAR filing of AMEC Technical Report on the Twin ...
09/11/2012(Minnesota Project)Highlights 136 feet of 0.945% Copper, 0.256% Nickel and 0.63...
11/10/2012(Minnesota Project)Highlights 155 feet of 1.371% Copper, 0.281% Nickel and 0.86...
10/10/2012Announces Second Drill Rig Mobilized On The East Shore Prope...
24/09/2012Announces Commencement Of Drilling At Nickel Lake Macrodike
21/09/2012Confirms Receipt Of Prospecting Permits From Bureau Of Land ...
17/09/2012Set To Drill Significant Exploration Properties Outside Of J...
30/05/2012(Minnesota Project)Highlights 209 feet of 2.01% Copper Equivalent at west Matur...
21/09/2011Announces Twin Metals Minnesota Contract with Bechtel for Pr...
07/07/2011(Nokomis)Announces 120 feet of 2.19g/t Total Precious Metals 350 Metr...
05/05/2011Announces $8 Million Drilling and Work Program for Explorati...
28/04/2011Announces Aggressive 2011 Program for Twin Metals Project af...
29/03/2011(Nokomis)Announces Higher Grade Intercepts With New Twin Metals Drill...
21/07/2010(Nokomis)Signs Definitive Participation Agreement With Antofagasta Pl...
23/06/2010(Nokomis)Returns 2.2% Copper Equivalent Over 75 Feet
17/05/2010(Nokomis)Hits 2.6% Copper Equivalent Over 125 Feet at Nokomis
22/04/2010(Nokomis)Expands Higher Grade Area
22/03/2010(Nokomis)Higher Grade Assays In First Hole From Winter Drilling Progr...
04/03/2010(Nokomis)Ramps up Winter Exploration
28/01/2010(Nokomis)Set To Explore Significant Properties Outside Of Nokomis Joi...
11/12/2009Receives NI 43-101 Report and Updated Resource Estimate for ...
26/10/2009(Nokomis)Expands Nokomis Resource to 550 Million Indicated Tonnes and...
12/01/2009(Nokomis)43-101 Preliminary Assessment Report Confirming Positive Eco...
04/12/2008(Nokomis)continues to receive wide significant mineralized intersecti...
25/11/2008New Ni 43-101 Preliminary Economic Assessment Confirms Highe...
22/07/2008(Nokomis)Receives Ni 43-101 Report On Interim Nokomis Deposit Resourc...
02/04/2008(Nokomis)Cuts New High Grade Zone Below Nokomis Deposit
11/03/2008Expands Strategic Land Position by Over 350 Percent
14/02/2008(Nokomis)Continued Drilling Expands Nokomis Deposit
Communiqués de Presse de Duluth Metals Limited Inc.
16/12/2014commences mailout of management information circular for arr...
03/12/2014Granted Interim Order For Arrangement
10/11/2014completes initial tranche of private placement with Antofaga...
03/10/2014(Minnesota Project)Files NI 43-101 Pre-feasibility Study Technical Report on th...
02/06/2014Annual General Meeting to be Held at 10:00 AM EDT June 9th a...
26/02/2014Announces Increased Tonnage, Metal Content and an Upgraded M...
04/09/2013Announces High Grade Nickel Intercepts Indicative of New Con...
06/08/2013Announces Discovery Immediately Southeast of Teck's Mesaba P...
18/06/2013Announces 2013 Annual Shareholders' Meeting Voting Results
07/06/2013Annual General Meeting to be Held at 10:00 AM EDT June 13th ...
10/04/2013Announces Closing of CDN $30 Million Convertible Debenture F...
16/10/2012Announces Mobilization of a Third Drill Rig on Exploration ...
01/10/2012announces closing of US$10 million loan financing with A...
13/06/2012Announces New AMEC NI 43-101 Technical Report Confirming Sig...
14/05/2012(Minnesota Project)Highlights 116.5 feet of 1.32 g/t Total Precious Metals and ...
23/04/2012Announces 30 feet of 2.11 g/t Total Precious Metals and 94 f...
21/03/2012Announces Twin Metals Frame-of-Reference for Bechtel Led Pre...
17/01/2012Announces 40 feet of 2.67 g/t Total Precious Metals on Lates...
31/08/2011Completes Transfer of Franconia Minerals Assets into Twin ...
18/08/2011Information Bulletin Re Dividend of Special Warrants to its ...
02/08/2011Commences Drilling Program on Platinum Targets on the Land ...
28/07/2011Announces Dividend of Special Warrants of Duluth Exploration...
09/06/2011Announces 34.5 feet at 2.82% CuEq from Twin Metals New Drill...
07/06/2011Annual and Special Meeting to be Held June 15th at One King ...
03/03/2011Franconia Minerals Shareholders Approve Arrangement with Dul...
09/08/2010Last Week's Events
08/06/2010Annual And Special Meeting To Be Held At The Toronto Board O...
18/11/2009Nominated for Mining Journal's Exploration Award
30/10/2009Confirms 12 Million Indicated Ounces And 6 Million Inferred ...
18/08/2009Hole Hits Mineralization 900 Meters Southwest Of Defined Bou...
16/06/2009expands exploration land holdings in the Duluth Complex
10/09/2008Progress Report On The Nokomis Deposit
14/08/2008Continues Infill Drilling On The Nokomis Deposit
21/05/2008Announces Early Warrant Exercise
25/03/2008 Presents At John Tumazos Very Independent Research, Llc Met...
04/03/2008 Hits Higher Grade Mineralization In Eastern Area
19/02/2008options key infrastructure land parcel
05/09/2007new drill results confirm increased mineralization to Nokomi...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (DM.TO)FRANKFURT (AZK.F)
0,445+0.00%7,75-2.95%
TORONTO
CA$ 0,445
22/01 15:52 -
0%
Cours préc. Ouverture
0,445 0,445
Bas haut
0,445 0,445
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,445 -%
Volume var. 1 mois
8 558 -%
24hGold TrendPower© : -9
Produit
Développe Cobalt - Copper - Nickel - Palladium - Platinum
Recherche Cobalt - Copper - Gold - Nickel - Palladium - Platinum
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 05/11/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
8,24 AU$+0,92%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
3,02 AU$-1,95%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,84 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
0,50 US$-3,27%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,70 GBX-4,39%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,20 CA$-5,88%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
10,65 CA$-1,30%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,30 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,26 AU$-7,02%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,30 CA$+6,48%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
71,21 US$+1,84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$-6,67%Trend Power :