Twin Metals http://www.twin-metals.com Just another WordPress site Wed, 16 May 2012 15:59:01 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Drill Samples Suggest Positive Outlook http://www.twin-metals.com/2012/05/drill-samples-suggest-positive-outlook/ http://www.twin-metals.com/2012/05/drill-samples-suggest-positive-outlook/#comments Tue, 15 May 2012 15:57:55 +0000 Meagan Pick http://www.twin-metals.com/?p=1983 Read More]]> The latest drilling yielded strong mineral results for the Twin Metals Minnesota Project near Ely, Duluth Metals Ltd., the parent firm, said Monday.

Drill holes indicate continuity between the Nokomis and Maturi deposits, good widths and grades, the company said. Given the demonstrated continuity between the Maturi and Nokomis deposits, Twin Metals Minnesota is consolidating the deposits as a single deposit under the name Maturi Deposit.

To view the full text version of this article visit http://www.businessnorth.com/briefing.asp?RID=4647

]]> http://www.twin-metals.com/2012/05/drill-samples-suggest-positive-outlook/feed/ 0 Duluth Metals Highlights 116.5 feet of 1.32 g/t Total Precious Metals and 2.57% Copper Equivalent Amongst Drill Results for 30 Holes at the Twin Metals Minnesota Project http://www.twin-metals.com/2012/05/duluth-metals-highlights-116-5-feet-of-1-32-gt-total-precious-metals-and-2-57-copper-equivalent-amongst-drill-results-for-30-holes-at-the-twin-metals-minnesota-project/ http://www.twin-metals.com/2012/05/duluth-metals-highlights-116-5-feet-of-1-32-gt-total-precious-metals-and-2-57-copper-equivalent-amongst-drill-results-for-30-holes-at-the-twin-metals-minnesota-project/#comments Mon, 14 May 2012 17:42:40 +0000 Meagan Pick http://www.twin-metals.com/?p=1958 Read More]]>
  • Nokomis and Maturi deposits will be consolidated due to geologic continuity and referred to as the “Maturi Deposit“
  • Drilling indicates continuity between these two deposits
  • Good assay results amongst 30 holes at the Twin Metals Minnesota Project with strong Total Precious Metals values
  • Maturi Deposit shows good grades and widths
  • Pre-Feasibility study in progress on Twin Metals Minnesota Project
  • The resource estimate prepared in compliance with the requirements of NI 43-101 on the consolidated mineral resource of the Twin Metals Minnesota Project is nearing completion by AMEC. This resource estimate will be used for the pre-feasibility study.

    • TORONTO, Ontario, May 14, 2012 – Duluth Metals Limited (“Duluth Metals”) (TSX: DM) (TSX: DM.U) is pleased to announce strong assay results for continued drilling on the Twin Metals Minnesota Project in northeastern Minnesota. These drill holes continue to indicate continuity between the Nokomis and Maturi deposits, good widths and grades in Maturi at relatively shallow depths, and the continuity of Nokomis in and around the ‘donut hole’. While these recently completed holes will not be incorporated into the resource estimate to be issued by AMEC this quarter, in the final Pre-Feasibility estimate the holes will be very valuable in upgrading portions of the resource from the Inferred to the Indicated category. In addition, given the demonstrated continuity between the Maturi and Nokomis deposits, Twin Metals Minnesota is consolidating the deposits as a single deposit under the name Maturi Deposit.

    Eighteen holes completed within or near the Maturi Deposit demonstrate continuous, relatively thick mineralization. Drilling highlights include:

    • Mex-299 returned 281.5 feet of 0.770% copper, 0.213% nickel, 2.7 g/t silver and 0.538 grams TPM (Cu Equivalent* of 1.63%) including a 70.0 foot section of 1.128% copper, 0.321% nickel, 4.3 g/t silver and 0.804 grams TPM (Cu Equivalent* of 2.42%).
    • Mex-307 returned 245 feet of 0.788% copper, 0.226% nickel, 2.6 g/t silver and 0.592 grams TPM (Cu Equivalent* of 1.70%) including a 35 foot section of 1.056% copper, 0.322% nickel, 3.7 g/t silver and 0.876 grams TPM (Cu Equivalent* of 2.37%).
    • Mex-310 returned 188.5 feet of 0.811% copper, 0.239% nickel, 2.8 g/t silver and 0.650 grams TPM (Cu Equivalent* of 1.79%) including a 65 foot section of 1.061% copper, 0.317% nickel, 3.5 g/t silver and 0.928 grams TPM (Cu Equivalent* of 2.38%).

    “These positive drill results continue to show the continuity of mineralization throughout the deposit as well as the potential for significant zones with above average grades”, stated Vern Baker, President of Duluth Metals. “The indicated continuity between what has been known as the Nokomis Deposit with the original resource known as the Maturi Deposit makes it clear that this is one large and continuous deposit. It makes perfect sense for us to combine the two and call the combined deposit the Maturi Deposit after the original discovery.”

    Nine holes drilled in and around the “Donut Hole” area show strong continuity and grade. One hole, MEX-291M, returned 116.5 feet of 1.043% copper, 0.330% nickel, 3.8 g/t silver and 1.324 grams per tonne (g/t) Total Precious Metals (TPM = Platinum+Palladium+Gold) (Cu Equivalent* of 2.57%) including a 70 foot section of 1.240% copper, 0.399% nickel, 4.5g/t silver and 1.558 g/t TPM (Cu Equivalent* of 3.07%). MEX-305 returned 170 feet of 0.845 copper, 0.255% nickel, 2.6 g/t silver and 0.888 g/t TPM (Cu Equivalent* of 1.96%) including a 20 foot section of 1.300% copper, 0.418% nickel, 3.5 g/t silver and 1.576 g/t TPM (Cu Equivalent* of 3.16%). MEX-291M and MEX-305 are in an area historically denoted the Central Higher Grade Zone and are near historic holes with similar grades. One previously reported hole (see press release May 17, 2010 ) MEX-167 returned 125 feet of 1.037% copper, 0.311% nickel, 3.6 g/t s silver and 1.501 g/t TPM (Cu Equivalent* of 2.586%) including a 55 foot section of 1.273% copper, 0.401% nickel, 4.6 g/t silver and 2.140 g/t TPM (Cu Equivalent* of 3.362%). Other historic higher grade holes in the zone include MEX-142-W2 (see press release Dec. 4, 2008) which intersected 24.5 feet of 1.084% copper, 0.296% nickel and 1.715 g/t TPM (Cu Equivalent* of 2.664%) within a 157.5 foot section of 0.740% copper, 0.219% nickel, and 1.114 g/t TPM (Cu Equivalent* of 1.856%); and MEX-109 (see press release July 10, 2008) which intersected 40.0 feet of 0.955% copper, 0.278% nickel, 1.527 g/t TPM and 3.9 g/t silver (Cu Equivalent* of 2.40%) within a 155.0 foot section of 0.828% copper, 0.247% nickel, 1.089 g/t TPM and 3.2 g/t silver (Cu Equivalent* of 2.00%).

    Two other significant holes drilled on the east side of the Maturi resource show continuity of higher grades in that portion of the deposit. MEX-290 returned 64 feet of 0.857% copper, 0.262% nickel, 2.8 g/t silver and 0.955 g/t TPM (Cu Equivalent* of 2.02%) including a 20 foot section of 1.080% copper, 0.314% nickel, 4.0 g/t silver and 1.383 g/t TPM (Cu Equivalent* of 2.55%). MEX-294 returned 109 feet of 0.723% copper, 0.219% nickel, 3.2 g/t silver and 0.873 g/t TPM (Cu Equivalent* of 1.74%).

    *Note – 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/oz 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 Net Smelter Return Factors contained in the December 10, 2009 Technical Report On The Mineral Resource Estimate For The Nokomis Deposit On The Nokomis Property, Minnesota, U.S.A. by Scott Wilson RPA.

    A map illustrating the location of 30 drill holes reported in this press release can be found on the Company website under this press release at www.duluthmetals.com. The map outlines the main delineated 2009 historical NI 43-101 resources excluding Birch Lake. (see Franconia’s company profile on Sedar at www.SEDAR.com for the October 20, 2006 Technical Report on the Preliminary Assessment of the Birch Lake and Maturi Deposits, Minnesota, U.S.A by Scott Wilson Roscoe Postle Associates; and the November 15, 2007 Technical Report on the Resource Estimate for the Spruce Road Deposit, Minnesota, U.S.A by Scott Wilson Roscoe Postle Associates; Cut-off grade 0.5% Cu.; see Duluth’s company profile on Sedar at www.SEDAR.com for the December 10, 2009 Technical Report On The Mineral Resource Estimate For The Nokomis Deposit On The Nokomis Property, Minnesota, U.S.A. Cut-off grade at 1.0% CuEq, **Copper equivalent (CuEq%) = Cu% + 3.03 x Ni% + 0.63 x Co% + 0.30 x Au g/t + 0.76 x Pt g/t + 0.24 x Pd g/t).

    An initial NI-43-101 Technical Report on the consolidated mineral resources of the Twin Metals Minnesota Project is nearing completion by AMEC and is anticipated to be finalized in the second quarter of 2012. This resource estimate is going through final iterations as minor additions are incorporated into the geologic model and will be used for preliminary mine planning purposes. This initial resource update will be followed by a final resource estimate expected this fall which will incorporate data from approximately 170 additional drill holes. The final resource estimate will be used for mine planning purposes in the pre-feasibility study.

    A more detailed summary of the assay results for MEX-286 to 316 can be found in the table below. True thickness is estimated at about 90% of core length.

    HOLE  Zone From
    (ft)    		 To
    (ft)    		 Length
    (ft)    		 Cu
    (%)    		 Ni
    (%)    		 TPM*
    (g/t)    		 CuEQ
    (%)
    MEX-0286 @0.3% Cu cut-off 2163 2198 35 0.418 0.122 0.305 0.91
      @0.5% Cu cut-off 2049.5 2098 48.5 0.773 0.228 0.784 1.77
    MEX-0287 @0.3% Cu cut-off 2323 2427 104 0.589 0.191 0.588 1.40
      @0.3% Cu cut-off 2447 2492 45 0.432 0.136 0.376 0.99
      @0.5% Cu cut-off 2382 2427 45 0.746 0.232 0.636 1.70
    MEX-0288 @0.3% Cu cut-off 2758 2833 75 0.462 0.161 0.514 1.15
    MEX-0289 @0.3% Cu cut-off 3453 3568 115 0.624 0.169 0.748 1.45
      @0.5% Cu cut-off 3498 3528 30 0.750 0.194 1.071 1.84
      FW 3583 3613 30 0.382 0.062 0.364 0.71
    MEX-0290 @0.3% Cu cut-off 2303 2343 40 0.360 0.118 0.337 0.85
      @0.5% Cu cut-off 2209 2273 64 0.857 0.262 0.955 2.02
      @1.0% Cu cut-off 2238 2258 20 1.080 0.314 1.383 2.55
    MEX-0291M @0.5% Cu cut-off 3698 3814.5 116.5 1.043 0.330 1.324 2.57
      @1.0% Cu cut-off 3718 3788 70 1.240 0.399 1.558 3.07
    MEX-0292 @0.3% Cu cut-off 3788 3959.5 171.5 0.628 0.186 0.623 1.44
      @0.5% Cu cut-off 3788 3883 95 0.770 0.227 0.762 1.76
    MEX-0294 @0.5% Cu cut-off 2853 2962 109 0.723 0.219 0.873 1.74
      FW 2962 3023 61 0.353 0.090 0.385 0.78
    MEX-0295 @0.3% Cu cut-off 3502.5 3675 172.5 0.641 0.174 0.759 1.46
      @0.5% Cu cut-off 3508 3633 125 0.738 0.206 0.913 1.72
      FW 3675 3713 38 0.446 0.079 0.502 0.88
    MEX-0296 @0.5% Cu cut-off 2183.5 2292 108.5 0.717 0.232 0.624 1.67
    MEX-0297 @0.3% Cu cut-off 3943 4018 75 0.454 0.116 0.604 1.04
    MEX-0298 @0.5% Cu cut-off 3166.5 3297.5 131 0.742 0.223 0.869 1.77
      FW 3297.5 3323 25.5 0.518 0.147 0.530 1.18
    MEX-0299 @0.5% Cu cut-off 1141.5 1423 281.5 0.770 0.213 0.538 1.63
      @1.0% Cu cut-off 1163 1233 70 1.128 0.321 0.804 2.42
    MEX-0300 @0.3% Cu cut-off 648 668 20 0.439 0.135 0.361 0.99
    MEX-0301 @0.3% Cu cut-off 3648 3788 140 0.515 0.148 0.530 1.17
      @0.3% Cu cut-off 3858 3878 20 0.697 0.122 0.568 1.29
      @0.5% Cu cut-off 3653 3693 40 0.736 0.230 0.937 1.81
    HOLE  Zone From
    (ft)    		 To
    (ft)    		 Length
    (ft)    		 Cu
    (%)    		 Ni
    (%)    		 TPM*
    (g/t)    		 CuEQ
    (%)
    MEX-0302 No significant mineralized intercepts.
    MEX-0303-W1 @0.5% Cu cut-off 2481 2572 91 0.692 0.270 0.505 1.71
      FW 2572 2607 35 0.416 0.178 0.298 1.07
    MEX-0304 @0.3% Cu cut-off 962 1246 284 0.712 0.203 0.480 1.51
      @0.5% Cu cut-off 962 1133 171 0.858 0.244 0.600 1.83
      @0.8% Cu cut-off 973 1063 90 0.932 0.265 0.687 2.00
    MEX-0305 @0.3% Cu cut-off 3778 4005.5 227.5 0.741 0.225 0.807 1.74
      @0.5% Cu cut-off 3818 3988 170 0.845 0.255 0.888 1.96
      @1.0% Cu cut-off 3853 3873 20 1.300 0.418 1.576 3.16
    MEX-0306 @0.5% Cu cut-off 733 884 151 0.673 0.194 0.639 1.50
      FW 884 958 74 0.362 0.107 0.309 0.81
    MEX-0307 @0.5% Cu cut-off 1499 1744 245 0.788 0.226 0.592 1.70
      @1.0% Cu cut-off 1524 1559 35 1.056 0.322 0.876 2.37
    MEX-0308 @0.3% Cu cut-off 3282 3382 100 0.584 0.168 0.784 1.40
    MEX-0309 @0.5% Cu cut-off 3048.5 3203 154.5 0.677 0.185 0.638 1.48
    MEX-0310 @0.5% Cu cut-off 623 811.5 188.5 0.811 0.239 0.650 1.79
      @1.0% Cu cut-off 633 698 65 1.061 0.317 0.928 2.38
      FW 873 898 25 0.384 0.088 0.329 0.78
    MEX-0311 @0.3% Cu cut-off 3323 3358 35 0.591 0.162 1.464 1.66
    MEX-0312 @0.3% Cu cut-off 2732 2802.5 70.5 0.635 0.224 0.686 1.59
    MEX-0313 No significant mineralized intercepts.
    MEX-0314 @0.3% Cu cut-off 486 712 226 0.584 0.167 0.438 1.26
      @0.5% Cu cut-off 486 572 86 0.770 0.217 0.642 1.68
      @1.0% Cu cut-off 527 562 35 0.953 0.265 0.815 2.07
    MEX-0315 @0.5% Cu cut-off 793 988 195 0.642 0.207 0.564 1.50
    MEX-0316 No significant mineralized intercepts.

    Complete gold, platinum, palladium, silver and cobalt assays for MEX-286 to 316 are as follows:

    HOLE Zone From
    (ft)    		 To
    (ft)    		 Length
    (ft)    		 Pt
    (g/t)    		 Pd
    (g/t)    		 Au
    (g/t)    		 Co
    (%)    		 Ag
    (g/t)
    MEX-0286 @0.3% Cu cut-off 2163 2198 35 0.071 0.184 0.050 0.008 1.8
      @0.5% Cu cut-off 2049.5 2098 48.5 0.189 0.453 0.142 0.013 2.9
    MEX-0287 @0.3% Cu cut-off 2323 2427 104 0.144 0.331 0.114 0.010 1.9
      @0.3% Cu cut-off 2447 2492 45 0.100 0.227 0.048 0.008 1.5
      @0.5% Cu cut-off 2382 2427 45 0.156 0.377 0.102 0.011 2.7
    MEX-0288 @0.3% Cu cut-off 2758 2833 75 0.128 0.285 0.101 0.006 0.8
    MEX-0289 @0.3% Cu cut-off 3453 3568 115 0.243 0.417 0.088 0.009 2.3
      @0.5% Cu cut-off 3498 3528 30 0.446 0.512 0.113 0.009 2.9
      FW 3583 3613 30 0.093 0.217 0.055 0.003 1.7
    MEX-0290 @0.3% Cu cut-off 2303 2343 40 0.081 0.208 0.048 0.008 0.9
      @0.5% Cu cut-off 2209 2273 64 0.238 0.551 0.167 0.011 2.8
      @1.0% Cu cut-off 2238 2258 20 0.313 0.767 0.304 0.011 4.0
    MEX-0291M @0.5% Cu cut-off 3698 3814.5 116.5 0.362 0.810 0.151 0.013 3.8
      @1.0% Cu cut-off 3718 3788 70 0.434 0.974 0.149 0.014 4.5
    MEX-0292 @0.3% Cu cut-off 3788 3959.5 171.5 0.162 0.376 0.085 0.010 1.9
      @0.5% Cu cut-off 3788 3883 95 0.198 0.460 0.104 0.011 2.5
    MEX-0294 @0.5% Cu cut-off 2853 2962 109 0.240 0.488 0.145 0.011 3.2
      FW 2962 3023 61 0.099 0.226 0.060 0.004 1.3
    MEX-0295 @0.3% Cu cut-off 3502.5 3675 172.5 0.190 0.449 0.120 0.009 2.0
      @0.5% Cu cut-off 3508 3633 125 0.228 0.538 0.147 0.010 2.4
      FW 3675 3713 38 0.134 0.289 0.080 0.003 2.3
    MEX-0296 @0.5% Cu cut-off 2183.5 2292 108.5 0.160 0.372 0.091 0.011 2.5
    MEX-0297 @0.3% Cu cut-off 3943 4018 75 0.160 0.366 0.077 0.008 1.6
    MEX-0298 @0.5% Cu cut-off 3166.5 3297.5 131 0.251 0.491 0.127 0.010 2.9
      FW 3297.5 3323 25.5 0.150 0.304 0.076 0.007 1.9
    MEX-0299 @0.5% Cu cut-off 1141.5 1423 281.5 0.136 0.315 0.087 0.010 2.7
      @1.0% Cu cut-off 1163 1233 70 0.201 0.464 0.139 0.013 4.3
    MEX-0300 @0.3% Cu cut-off 648 668 20 0.087 0.198 0.076 0.008 1.1
    MEX-0301 @0.3% Cu cut-off 3648 3788 140 0.142 0.319 0.069 0.009 1.7
      @0.3% Cu cut-off 3858 3878 20 0.158 0.334 0.076 0.006 1.2
      @0.5% Cu cut-off 3653 3693 40 0.264 0.559 0.114 0.012 3.1
    HOLE Zone From
    (ft)    		 To
    (ft)    		 Length
    (ft)    		 Pt
    (g/t)    		 Pd
    (g/t)    		 Au
    (g/t)    		 Co
    (%)    		 Ag
    (g/t)
    MEX-0302 No significant mineralized intercepts.
    MEX-0303-W1 @0.5% Cu cut-off 2481 2572 91 0.130 0.310 0.065 0.012 2.2
      FW 2572 2607 35 0.077 0.175 0.045 0.006 3.0
    MEX-0304 @0.3% Cu cut-off 962 1246 284 0.115 0.287 0.078 0.011 2.3
      @0.5% Cu cut-off 962 1133 171 0.145 0.359 0.095 0.012 2.7
      @0.8% Cu cut-off 973 1063 90 0.165 0.407 0.115 0.012 2.7
    MEX-0305 @0.3% Cu cut-off 3778 4005.5 227.5 0.205 0.491 0.110 0.010 2.2
      @0.5% Cu cut-off 3818 3988 170 0.227 0.540 0.121 0.011 2.6
      @1.0% Cu cut-off 3853 3873 20 0.369 0.947 0.260 0.016 3.5
    MEX-0306 @0.5% Cu cut-off 733 884 151 0.131 0.329 0.179 0.011 2.3
      FW 884 958 74 0.079 0.184 0.046 0.006 1.6
    MEX-0307 @0.5% Cu cut-off 1499 1744 245 0.147 0.345 0.100 0.010 2.6
      @1.0% Cu cut-off 1524 1559 35 0.207 0.505 0.163 0.014 3.7
    MEX-0308 @0.3% Cu cut-off 3282 3382 100 0.206 0.464 0.114 0.009 2.1
    MEX-0309 @0.5% Cu cut-off 3048.5 3203 154.5 0.153 0.403 0.082 0.009 2.2
    MEX-0310 @0.5% Cu cut-off 623 811.5 188.5 0.167 0.392 0.091 0.011 2.8
      @1.0% Cu cut-off 633 698 65 0.238 0.571 0.119 0.013 3.5
      FW 873 898 25 0.079 0.200 0.050 0.005 4.3
    MEX-0311 @0.3% Cu cut-off 3323 3358 35 0.401 0.901 0.162 0.008 2.4
    MEX-0312 @0.3% Cu cut-off 2732 2802.5 70.5 0.188 0.411 0.088 0.009 2.1
    MEX-0313 No significant mineralized intercepts.
    MEX-0314 @0.3% Cu cut-off 486 712 226 0.108 0.266 0.064 0.010 2.3
      @0.5% Cu cut-off 486 572 86 0.157 0.393 0.093 0.011 3.0
      @1.0% Cu cut-off 527 562 35 0.193 0.500 0.122 0.013 3.4
    MEX-0315 @0.5% Cu cut-off 793 988 195 0.158 0.328 0.078 0.013 2.4
    MEX-0316 No significant mineralized intercepts.

    The Twin Metals Minnesota Project covers over 32,000 acres of land/mineral interests and consolidates the largest base and precious metal land position in Minnesota. This extensive land position provides Twin Metals with the platform to plan and develop one the world’s largest copper-nickel-PGM deposits within a new emerging mining belt in Minnesota, USA.

    For the 2011-2012 Drill Program, half core samples are being 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 33 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-AES or AAS. 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.

    About Twin Metals Minnesota LLC
    Twin Metals Minnesota, LLC, is a joint venture company, 60 percent owned by Duluth Metals Limited and 40 percent by Antofagasta plc. Twin Metals was formed in 2010 to pursue the development and operation of a copper, nickel and platinum group metals (strategic metals) underground mining project within the Duluth Complex in northeastern Minnesota. Twin Metals holds mineral and land assets of approximately 32,000 acres of leased and permitted land, including mineral resources prepared in compliance with the requirements of NI 43-101.

    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 and exploration and mine development. Generally, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Duluth Metals has relied on a number of assumptions and estimates in making such forward-looking statements, including, without limitation, the prices of copper, nickel and platinum group metals (PGMs) and the costs associated with continuing exploration and mining development. Such assumptions and estimates are made in light of the trends and conditions that are considered to be relevant and reasonable based on information available and the circumstances existing at this time. A number of risk factors may cause actual results, level of activity, performance or outcomes of such exploration and/or mine development to be materially different from those expressed or implied by such forward-looking statements 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. Statements related to “reserves” and “resources” are deemed forward-looking statements as they involve the implied assessment, based on realistically assumed and justifiable technical and economic conditions, that an inventory of mineralization will become economically extractable. 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
    Director of Corporate Communications
    Telephone: (416) 369-1500  ext. 222
    Email: mstrazdins@duluthmetals.com

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

    Webpage: www.duluthmetals.com

    ]]>     http://www.twin-metals.com/2012/05/duluth-metals-highlights-116-5-feet-of-1-32-gt-total-precious-metals-and-2-57-copper-equivalent-amongst-drill-results-for-30-holes-at-the-twin-metals-minnesota-project/feed/ 0     Minerals Support Our Daily Lives http://www.twin-metals.com/2012/05/minerals-support-our-daily-lives/ http://www.twin-metals.com/2012/05/minerals-support-our-daily-lives/#comments Sat, 12 May 2012 16:57:19 +0000 Emily Smolik http://www.twin-metals.com/?p=1959 Read More]]> Minerals have a profound impact on Americans’ daily lives. The Mineral Information Institute put together a list of minerals an American will need in their lifetime, many of which rest within Minnesota. To learn more, click the link below.

    Minerals Support Our Daily Lives

    ]]>     http://www.twin-metals.com/2012/05/minerals-support-our-daily-lives/feed/ 0     Dayton appoints new head of pollution control agency http://www.twin-metals.com/2012/05/dayton-appoints-new-head-of-pollution-control-agency/ http://www.twin-metals.com/2012/05/dayton-appoints-new-head-of-pollution-control-agency/#comments Wed, 09 May 2012 18:18:02 +0000 Meagan Pick http://www.twin-metals.com/?p=1973 Read More]]> Gov. Mark Dayton has named John Linc Stine as the new commissioner of the Minnesota Pollution Control Agency.

    Stine, who currently serves as acting head of the agency, will replace Commissioner Paul Aasen, who is leaving to take a job with the city of Minneapolis. Stine will take office on May 14.

    To view the full text version of this article visit http://www.startribune.com/politics/blogs/150823435.html.

    ]]>     http://www.twin-metals.com/2012/05/dayton-appoints-new-head-of-pollution-control-agency/feed/ 0     What are Strategic Metals? http://www.twin-metals.com/2012/04/what-are-strategic-metals/ http://www.twin-metals.com/2012/04/what-are-strategic-metals/#comments Sat, 28 Apr 2012 18:33:32 +0000 Emily Smolik http://www.twin-metals.com/?p=1948 Read More]]> The Twin Metals Minnesota proposed underground mining project will produce minerals that are critical components of today’s economy and to the development of sustainable green technologies such as windmills and hybrid vehicles. To learn more, click the link below.

    What are Strategic Metals?

    ]]>     http://www.twin-metals.com/2012/04/what-are-strategic-metals/feed/ 0     Bill Travis: IDEA Drilling President Says Leasing Must Go Forward Soon http://www.twin-metals.com/2012/04/bill-travis-idea-drilling-president-says-leasing-must-go-forward-soon/ http://www.twin-metals.com/2012/04/bill-travis-idea-drilling-president-says-leasing-must-go-forward-soon/#comments Sat, 28 Apr 2012 17:13:21 +0000 Meagan Pick http://www.twin-metals.com/?p=1931 Read More]]> IDEA Drilling strongly recommends that Gov. Mark Dayton and the Executive Council approve the mineral leasing rights that were deferred last October.

    This deferral is having an immediate adverse impact on employment in our region, and could have a longer term negative impact. Currently, some of our nonferrous and taconite customers have projects on hold as a result of the deferral. Consequently, we have some drill rigs sitting idle, some employees on temporary layoff, and our hiring plans have slowed down. I also expect that this is having an adverse impact on our vendors and suppliers, and possibly their employees.

    Long-term, I am concerned the deferral and the lingering indecision by our state government send another negative message to mineral exploration companies and their investors … that Minnesota is not a favorable market place for their projects. These investments drive our business, and our hiring and investment activities.

    To view the full text version of this article visit http://www.virginiamn.com/opinion/article_e96f0386-91a8-11e1-9fb1-001a4bcf887a.html

    (Opinion: Bill Travis)

    ]]>     http://www.twin-metals.com/2012/04/bill-travis-idea-drilling-president-says-leasing-must-go-forward-soon/feed/ 0     WELY End of the Road Morning Show // 26 April 2012 http://www.twin-metals.com/2012/04/wely-end-of-the-road-morning-show-26-april-2012/ http://www.twin-metals.com/2012/04/wely-end-of-the-road-morning-show-26-april-2012/#comments Thu, 26 Apr 2012 22:27:11 +0000 Meagan Pick http://www.twin-metals.com/?p=1934 Read More]]>

    Bob McFarlin, vice president of Public and Government Affairs at Twin Metals Minnesota, talks about the public forum hosted in Hoyt Lakes, Minn. on April 18, shares the advancements Twin Metals Minnesota and IDEA Drilling have made in reducing noise from drill rigs, and talks about strategic metals and their importance to the U.S. economy on WELY’s End of the Road Morning Show.

    Play April 26 Show
    ]]>     http://www.twin-metals.com/2012/04/wely-end-of-the-road-morning-show-26-april-2012/feed/ 0     The Top Business Person of the Year Award Goes to… http://www.twin-metals.com/2012/04/the-top-business-person-of-the-year-award-goes-to/ http://www.twin-metals.com/2012/04/the-top-business-person-of-the-year-award-goes-to/#comments Wed, 25 Apr 2012 14:02:10 +0000 Meagan Pick http://www.twin-metals.com/?p=1926 Read More]]>  The Top Business Person of the Year Award goes to Bill Ulland. Ulland won the award at the 20th Annual Joel Labovitz Entrepreneurial Success Awards Wednesday.

    Other 2012 recipients were:
    -Micro-Entrepreneur: Lakeside Gourmet – BrendaJones and Colleen Fletcher, International Falls
    -Emerging Entrepreneur: Timberlake Lodge Hotel and Event Center – Mary F. Ives, Grand Rapids
    -Established Entrepreneur: Duluth Grill – Jaima and Tom Hanson, Duluth
    -Mature Entrepreneur: IDEA Drilling – Pam and Dick Backstrom, Virginia

    Additional Recognition Awards were presented to:
    -Rockie Kavajecz of Island Investments, Entrepreneurial Leadership for Entrepreneurial Achievement.
    -Ron Ulseth for Entrepreneurial Leadership in Education
    -Donald L. Negley for Visionary, Entrepreneurial Leadership

    To view the full text version of this article please visit http://www.northlandsnewscenter.com/news/local/The-Top-Business-Man-of-the-Year-Goes-to-148946665.html

    ]]>     http://www.twin-metals.com/2012/04/the-top-business-person-of-the-year-award-goes-to/feed/ 0     Duluth Metals Announces 30 feet of 2.11 g/t Total Precious Metals and 94 feet of 1.68 g/t TPM’s on Latest Drilling at the Twin Metals Project http://www.twin-metals.com/2012/04/duluth-metals-announces-30-feet-of-2-11-gt-total-precious-metals-and-94-feet-of-1-68-gt-tpms-on-latest-drilling-at-the-twin-metals-project/ http://www.twin-metals.com/2012/04/duluth-metals-announces-30-feet-of-2-11-gt-total-precious-metals-and-94-feet-of-1-68-gt-tpms-on-latest-drilling-at-the-twin-metals-project/#comments Mon, 23 Apr 2012 22:19:52 +0000 Meagan Pick http://www.twin-metals.com/?p=1919 Read More]]>
  • Continued positive drill results in between the Maturi and Nokomis Deposits
  • Results continuing to show higher grade PGM assays in the area of the “donut hole”
  • Pre-Feasibility study in progress on Twin Metals Project
  • The initial pre-feasibility NI-43-101 Resource Estimate report on the consolidated resources of the Twin Metals Project is nearing completion by AMEC
  • Bechtel is leading and preparing the Pre-Feasibility Study; AMEC will do the NI43-101 Technical Report on the resources used in the Pre-Feasibility study

    • TORONTO, Ontario, April 23, 2012 – Duluth Metals Limited (“Duluth Metals”) (TSX: DM) (TSX: DM.U) is pleased to announce continued strong assay results for 15 holes drilled on the Twin Metals Project in northeastern Minnesota. Three holes, MEX-285, 279 and 273 drilled in the area of the “donut hole” (a parcel internal to the Nokomis resource acquired with Franconia acquisition) continue to demonstrate the continuity of higher grade platinum + palladium + gold (TPM) values in this area.

    “These positive drill results continue to show the continuity of mineralization throughout the deposit. Holes MEX 285, 279 and 273 show additional higher grade results from the “donut hole” area acquired from Franconia and strongly indicate the potential for a mineable area with distinctly higher precious metal grades”, stated Vern Baker, President of Duluth Metals. “The western holes confirm that Nokomis and Maturi are part of the same mineralized zone, and show relatively thick mineralized widths for that area.”

    Drilling highlights include:

    • Mex-285 returned 150.0 feet of 0.724% copper, 0.231% nickel, 2.40 g/t silver and 1.103 grams TPM (Cu Equivalent* of 1.87%) including 89.0 feet of 0.936% copper, 0.284% nickel, 3.02 g/t silver and 1.445 grams TPM (Cu Equivalent* of 2.37%).
    • Mex-279 intersected 145.0 feet of 0.623% copper, 0.173% nickel, 2.30 g/t silver and 1.272 g/t TPM (Cu Equivalent* of 1.63%) including 94.0 feet of 0.762% copper, 0.202% nickel, 2.66 g/t silver and 1.680 grams TPM (Cu Equivalent* of 2.01%).
    • Mex-273 intersected 68.0 feet of 0.616% copper, 0.194% nickel, 1.59 g/t silver and 1.202 g/t TPM (Cu Equivalent* of 1.68%) including 30.0 feet of 0.983% copper, 0.275% nickel, 2.25 g/t silver and 2.112 grams TPM (Cu Equivalent* of 2.65%).

    One hole, Mex-0278M drilled to the east of the donut hole area returned 89.0 feet of 0.751% copper, 0.213% nickel, 2.86 g/t silver and 1.592 g/t TPM (Cu Equivalent* of 1.99%).

    Eleven holes completed between the Maturi Deposit and the Nokomis Deposit demonstrate the continuous, relatively thick mineralization located between the two deposits. Drilling highlights include:

    • Mex-271 returned 160.0 feet of 0.574% copper, 0.232% nickel, 1.87 g/t silver and 0.451 grams TPM (Cu Equivalent* of 1.46%) including a 115.0 foot section of 0.653% copper, 0.262% nickel, 2.04 g/t silver and 0.517 grams TPM (Cu Equivalent* of 1.66%)
    • Mex-272 returned 232 feet of 0.625% copper, 0.186% nickel, 1.59 g/t silver and 0.455 grams TPM (Cu Equivalent* of 1.37%) including a 182 foot section of 0.706% copper, 0.206% nickel, 2.00 g/t silver and 0.522 grams TPM (Cu Equivalent* of 1.54%)
    • Mex-281 returned 153 feet of 0.688% copper, 0.221% nickel, 2.12 g/t silver and 0.725 grams TPM (Cu Equivalent* of 1.64%) including a 139.5 foot section of 0.723% copper, 0.230% nickel, 2.20 g/t silver and 0.773 grams TPM (Cu Equivalent* of 1.72%).

    *Note – 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/oz 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 Net Smelter Return Factors contained in the December 10, 2009 Technical Report On The Mineral Resource Estimate For The Nokomis Deposit On The Nokomis Property, Minnesota, U.S.A. by Scott Wilson RPA.

    A map illustrating the location of the 15 drill holes reported in this press release can be found on the Company website under this press release at www.duluthmetals.com. The map shows the designated NI 43-101 resource outlines for the Nokomis, Maturi and Spruce Road Deposits. (see Franconia’s company profile on Sedar at www.SEDAR.com for the October 20, 2006 Technical Report on the Preliminary Assessment of the Birch Lake and Maturi Deposits, Minnesota, U.S.A by Scott Wilson Roscoe Postle Associates; and the November 15, 2007 Technical Report on the Resource Estimate for the Spruce Road Deposit, Minnesota, U.S.A by Scott Wilson Roscoe Postle Associates; Cut-off grade 0.5% Cu.; see Duluth’s company profile on Sedar at www.SEDAR.com for the December 10, 2009 Technical Report On The Mineral Resource Estimate For The Nokomis Deposit On The Nokomis Property, Minnesota, U.S.A. Cut-off grade at 1.0% CuEq, **Copper equivalent (CuEq%) = Cu% + 3.03 x Ni% + 0.63 x Co% + 0.30 x Au g/t + 0.76 x Pt g/t + 0.24 x Pd g/t).

     
    An initial pre-feasibility NI-43-101 compliant Technical Report on the consolidated resources of the Twin Metals Project is nearing completion by AMEC and is anticipated to be finalized in the second quarter of 2012. This report is going through final iterations as minor additions are incorporated into the geologic model. This resource estimate will be used for mine planning purposes in the pre-feasibility study. This initial resource update will be followed up by a final pre-feasibility resource estimate which will incorporate data from recent and current targeted drill programs.

    In reference to our last press release dated March 21, 2012 “Duluth Metals Announces Twin Metals Frame-of-Reference for Bechtel Led Pre-Feasibility Study”, Duluth Metals would like to correct and clarify the role of Bechtel in the Pre-Feasibility Study. Bechtel Mining and Metals will be leading and preparing the Pre-Feasibility Study for the Twin Metals Project, but will not prepare the Pre-Feasibility NI-43-101 Technical Report. AMEC E&C Services Inc. will be preparing the NI-43-101 Technical Report for the resource estimate that will be used in the Pre-feasibility Study. The selection of the consultant to prepare the NI-43-101 Technical Report on the Twin Metals Minnesota Pre-Feasibility study will occur in the near future.

    A more detailed summary of the assay results for MEX-270 to 285 inclusive can be found in the table below. True width is estimated at about 90% of core length.

    HOLE

    Zone

    From

    To

    Length

    Cu

    Ni

    TPM*

    CuEQ
       

    (ft)

    (ft)

    (ft)

    (%)

    (%)

    (g/t)

    (%)

    MEX-0270M

    @0.3% Cu cut-off

    2260

    2296

    36

    0.407

    0.148

    0.318

    0.99
     

    @0.3% Cu cut-off

    2316

    2336

    20

    0.416

    0.136

    0.320

    0.95

    MEX-0271

    @0.3% Cu cut-off

    2157

    2317

    160

    0.574

    0.232

    0.451

    1.46
     

    @0.5% Cu cut-off

    2157

    2272

    115

    0.653

    0.262

    0.517

    1.66

    MEX-0272

    @0.3% Cu cut-off

    2004

    2236

    232

    0.625

    0.186

    0.455

    1.37
     

    @0.5% Cu cut-off

    2004

    2186

    182

    0.706

    0.206

    0.522

    1.54

    MEX-0273

    @0.3% Cu cut-off

    3935

    4003

    68

    0.616

    0.194

    1.202

    1.68
     

    @0.5% Cu cut-off

    3973

    4003

    30

    0.983

    0.275

    2.112

    2.65

    MEX-0275

    @0.3% Cu cut-off

    2448

    2528

    80

    0.455

    0.142

    0.420

    1.05
     

    @0.5% Cu cut-off

    2498

    2528

    30

    0.593

    0.171

    0.571

    1.33

    MEX-0276

    @0.5% Cu cut-off

    2943

    2982.5

    39.5

    0.859

    0.317

    0.943

    2.17
     

    Footwall

    2982.5

    3038

    55.5

    0.447

    0.324

    0.360

    1.57

    MEX-0277

    @0.3% Cu cut-off

    2659

    2721

    62

    0.592

    0.198

    0.648

    1.45
     

    @0.5% Cu cut-off

    2663

    2713

    50

    0.628

    0.204

    0.694

    1.52

    MEX-0278M

    @0.5% Cu cut-off

    4043

    4132

    89

    0.751

    0.213

    1.592

    1.99
     

    Footwall

    4132

    4178

    46

    0.603

    0.127

    1.103

    1.41

    MEX-0279

    @0.3% Cu cut-off

    3978

    4123

    145

    0.623

    0.173

    1.272

    1.63
     

    @0.5% Cu cut-off

    4004

    4098

    94

    0.762

    0.202

    1.680

    2.01

    MEX-0280

    @0.3% Cu cut-off

    2991

    3048

    57

    0.577

    0.218

    0.643

    1.49

     

    @0.5% Cu cut-off

    3003

    3045.5

    42.5

    0.633

    0.239

    0.626

    1.60

     

    Footwall

    3108

    3138

    30

    0.595

    0.286

    0.661

    1.72

    MEX-0281

    @0.3% Cu cut-off

    2147.5

    2300.5

    153

    0.688

    0.221

    0.725

    1.64

     

    @0.5% Cu cut-off

    2147.5

    2287

    139.5

    0.723

    0.230

    0.773

    1.72

     

    Footwall

    2392

    2442

    50

    0.608

    0.206

    0.428

    1.40

    MEX-0282

    @0.3% Cu cut-off

    2298

    2383

    85

    0.497

    0.166

    0.526

    1.21
     

    @0.5% Cu cut-off

    2318

    2378

    60

    0.549

    0.186

    0.572

    1.33

    MEX-0283

    @0.3% Cu cut-off

    2318

    2398

    80

    0.455

    0.195

    0.357

    1.20
     

    @0.5% Cu cut-off

    2318

    2343

    25

    0.543

    0.268

    0.385

    1.51

    MEX-0284

    @0.3% Cu cut-off

    2884

    2924

    40

    0.401

    0.143

    0.499

    1.02

    MEX-0285

    @0.3% Cu cut-off

    3958

    4108

    150

    0.724

    0.231

    1.103

    1.87

     

    @0.5% Cu cut-off

    4008

    4097

    89

    0.936

    0.284

    1.445

    2.37

     

    @1.0% Cu cut-off

    4033

    4088

    55

    1.003

    0.260

    1.652

    2.46

    **TPM = Total Precious Metals (Platinum+Palladium+Gold)
    Note: g/t = grams per tonne

    Complete gold, platinum, palladium, silver and cobalt assays for MEX-270 to 285 inclusive are as follows:

    HOLE

    Zone

    From

    To

    Length

    Co

    Au

    Pt

    Pd

    Ag
       

    (ft)

    (ft)

    (ft)

    (%)

    (g/t)

    (g/t)

    (g/t)

    (g/t)

    MEX-0270M

    @0.3% Cu cut-off

    2260

    2296

    36

    0.010

    0.055

    0.088

    0.175

    1.10
     

    @0.3% Cu cut-off

    2316

    2336

    20

    0.008

    0.049

    0.077

    0.194

    1.03

    MEX-0271

    @0.3% Cu cut-off

    2157

    2317

    160

    0.013

    0.061

    0.121

    0.268

    1.87
     

    @0.5% Cu cut-off

    2157

    2272

    115

    0.014

    0.070

    0.138

    0.309

    2.04

    MEX-0272

    @0.3% Cu cut-off

    2004

    2236

    232

    0.010

    0.067

    0.125

    0.263

    1.59
     

    @0.5% Cu cut-off

    2004

    2186

    182

    0.010

    0.076

    0.145

    0.301

    2.00

    MEX-0273

    @0.3% Cu cut-off

    3935

    4003

    68

    0.011

    0.128

    0.329

    0.745

    1.59
     

    @0.5% Cu cut-off

    3973

    4003

    30

    0.010

    0.217

    0.585

    1.309

    2.25

    MEX-0275

    @0.3% Cu cut-off

    2448

    2528

    80

    0.007

    0.070

    0.101

    0.249

    2.02
     

    @0.5% Cu cut-off

    2498

    2528

    30

    0.006

    0.106

    0.140

    0.325

    2.95

    MEX-0276

    @0.5% Cu cut-off

    2943

    2982.5

    39.5

    0.010

    0.119

    0.219

    0.605

    2.59
     

    Footwall

    2982.5

    3038

    55.5

    0.008

    0.051

    0.091

    0.218

    1.33

    MEX-0277

    @0.3% Cu cut-off

    2659

    2721

    62

    0.009

    0.077

    0.174

    0.396

    2.09
     

    @0.5% Cu cut-off

    2663

    2713

    50

    0.009

    0.086

    0.189

    0.420

    2.18

    MEX-0278M

    @0.5% Cu cut-off

    4043

    4132

    89

    0.009

    0.183

    0.380

    1.029

    2.86
     

    Footwall

    4132

    4178

    46

    0.004

    0.140

    0.276

    0.687

    2.50

    MEX-0279

    @0.3% Cu cut-off

    3978

    4123

    145

    0.010

    0.258

    0.302

    0.711

    2.30
     

    @0.5% Cu cut-off

    4004

    4098

    94

    0.009

    0.368

    0.394

    0.919

    2.66

    MEX-0280

    @0.3% Cu cut-off

    2991

    3048

    57

    0.010

    0.107

    0.158

    0.378

    1.50
     

    @0.5% Cu cut-off

    3003

    3045.5

    42.5

    0.009

    0.070

    0.159

    0.397

    1.76
     

    Footwall

    3108

    3138

    30

    0.006

    0.082

    0.170

    0.409

    1.82

    MEX-0281

    @0.3% Cu cut-off

    2147.5

    2300.5

    153

    0.011

    0.121

    0.175

    0.429

    2.12
     

    @0.5% Cu cut-off

    2147.5

    2287

    139.5

    0.011

    0.129

    0.187

    0.458

    2.20
     

    Footwall

    2392

    2442

    50

    0.009

    0.079

    0.115

    0.234

    2.31

    MEX-0282

    @0.3% Cu cut-off

    2298

    2383

    85

    0.010

    0.073

    0.135

    0.318

    1.64
     

    @0.5% Cu cut-off

    2318

    2378

    60

    0.010

    0.079

    0.139

    0.354

    1.80

    MEX-0283

    @0.3% Cu cut-off

    2318

    2398

    80

    0.011

    0.050

    0.115

    0.192

    1.51
     

    @0.5% Cu cut-off

    2318

    2343

    25

    0.014

    0.057

    0.093

    0.235

    1.32

    MEX-0284

    @0.3% Cu cut-off

    2884

    2924

    40

    0.008

    0.048

    0.122

    0.329

    1.33

    MEX-0285

    @0.3% Cu cut-off

    3958

    4108

    150

    0.012

    0.118

    0.314

    0.670

    2.40
     

    @0.5% Cu cut-off

    4008

    4097

    89

    0.012

    0.140

    0.410

    0.895

    3.02
     

    @1.0% Cu cut-off

    4033

    4088

    55

    0.010

    0.165

    0.500

    0.987

    3.55

    The Twin Metals Project covers over 25,000 acres of land/mineral interests and consolidates the largest base and precious metal land position in Minnesota. This extensive land position provides Twin Metals with the platform to plan and develop one the world’s largest copper- nickel-PGM deposits within a new emerging mining belt in Minnesota, USA.

    For the 2011-2012 Drill Program, half core samples are being 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 33 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-AES or AAS. 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’s 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 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 37,000 acres of mineral interests on exploration properties adjacent to and nearby the Twin Metals Minnesota LLC joint venture.

    About Twin Metals Minnesota LLC
    Twin Metals Minnesota, LLC, is a joint venture company, 60 percent owned by Duluth Metals Limited and 40 percent by Antofagasta plc. Twin Metals was formed in 2010 to pursue the development and operation of a copper, nickel and platinum group metals (strategic metals) underground mining project within the Duluth Complex in northeastern Minnesota. Twin Metals’ holds mineral and land assets of approximately 25,000 acres of leased and permitted land, including four NI 43-101 compliant mineral resources: the Nokomis, Maturi, Spruce Road and Birch Lake deposits.

    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 and exploration and mine development. Generally, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Duluth Metals has relied on a number of assumptions and estimates in making such forward-looking statements, including, without limitation, the prices of copper, nickel and platinum group metals (PGMs) and the costs associated with continuing exploration and mining development. Such assumptions and estimates are made in light of the trends and conditions that are considered to be relevant and reasonable based on information available and the circumstances existing at this time. A number of risk factors may cause actual results, level of activity, performance or outcomes of such exploration and/or mine development to be materially different from those expressed or implied by such forward-looking statements 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. Statements related to “reserves” and “resources” are deemed forward-looking statements as they involve the implied assessment, based on realistically assumed and justifiable technical and economic conditions, that an inventory of mineralization will become economically extractable. 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
    Director of Corporate Communications
    Telephone: (416) 369-1500 ext. 222
    Email: mstrazdins@duluthmetals.com

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

    Webpage: www.duluthmetals.com

    ]]>     http://www.twin-metals.com/2012/04/duluth-metals-announces-30-feet-of-2-11-gt-total-precious-metals-and-94-feet-of-1-68-gt-tpms-on-latest-drilling-at-the-twin-metals-project/feed/ 0     Learning Cutting Edge Mining Technology at 85Th Annual SME Conference http://www.twin-metals.com/2012/04/learning-cutting-edge-mining-technology-at-85th-annual-sme-conference/ http://www.twin-metals.com/2012/04/learning-cutting-edge-mining-technology-at-85th-annual-sme-conference/#comments Tue, 17 Apr 2012 20:10:53 +0000 Meagan Pick http://www.twin-metals.com/?p=1832 Read More]]> While across the country many industries tanked during the recession, the Minnesota mining industry boomed.

    That, along with the opportunity to learn about the latest in cutting edge technology, brought about the largest Mining, Metallurgy and Exploration conference ever held at the DECC in Duluth.

    “Mining is a very, very important activity nationally, and it occurs in nearly every county in the United States,” says President of the Society for Mining, Metallurgy & Exploration, Drew Meyer.

    To view the full text version of this article visit http://www.northlandsnewscenter.com/news/iron-range/Learning-Cutting-Edge-Mining-Technology-At-85Th-Annual-SME-Conference-147836505.html

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