Duluth Metals announces mobilization of a fourth drill rig on exploration properties
Tuesday, Nov 27, 2012
TORONTO, November 26, 2012 /PRNewswire/ --Duluth Metals Limited ("Duluth Metals", "Company") (TSX: DM) (TSX:DM.U) is pleased to announce that a fourth drill rig has been mobilized on Duluth Metals 100% owned exploration properties in the Duluth Complex, north-east Minnesota. This fourth drill rig is currently positioned on the northern part of the East Shore property.
"Having several good targets south of the Nickel Lake Macrodike, we have decided to mobilize a fourth rig allowing us to target two drills on the south-east side of the contact," commented Vern Baker, President of Duluth Metals. "Our geological team is aggressively working on the exploration properties with four rigs."
The primary exploration focus on the Nor'East and East Shore Properties is for copper-nickel-PGM mineralization, similar to other known deposits in the Duluth Complex, (e.g., the Maturi Deposit and the deep portions of the Mesaba Deposit). The Nor'East property is situated at the junction of the Nickel Lake Macrodike and the South Kawishiwi Intrusion and represents a prime target area for Duluth Metals. Geological modeling indicates that the property has the potential to host a "Voisey's Bay" type massive sulfide target.
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 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.
Source: Duluth Metals Limited