TORONTO, March 19 /CNW/ - Duluth Metals Limited ("Duluth Metals")
(TSX: DM) (TSX:DM.U) today announced that Duluth Metals Corp., through its
wholly owned subsidiary, Sky Blue Waters Land Company, has purchased the
surface rights of approximately 480 acres of its Maturi Extension Properties.
This acquisition is significant as Duluth Metals proceeds on the development
and planning phase of the Nokomis Deposit near Ely, Minnesota.
The estimated 480 acres are associated with and overlay mineral rights
held by Duluth Metals on its Maturi Extension Properties, and include parts of
the Nokomis Deposit. The Nokomis Deposit contains 347 million tonnes of
Indicated Resources grading 0.62% copper, 0.20% nickel, 0.52 grams per tonne
of total precious metals (TPM = Platinum+Palladium+Gold), and an additional
108 million tonnes of Inferred Resources grading 0.64% copper, 0.18% nickel,
0.70 grams per tonne of TPM.
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 Metals is committed to acquiring, exploring and developing copper,
nickel and platinum group metal (PGM) deposits. Duluth Metals' 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
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 Metals' 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 Metals' 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 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
For further information:
For further information: Mara Strazdins, Director of Corporate
Communications, at firstname.lastname@example.org or at (416) 369-1500 or Henry
Sandri, President and CEO, at email@example.com., U.S. corporate
office: telephone (651) 389-9990, Web Page: www.duluthmetals.com