Duluth Metals Limited (TSX: DM) (TSX:DM.U) today announced assay results for 15 holes drilled by Twin Metals Minnesota LLC, 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 (equal sign) 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."
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.
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.
Source: Duluth Metals Limited