Duluth Metals Nominated for Mining Journal's Exploration Award
By Duluth Metals Limited, PRNETuesday, November 17, 2009
TORONTO, November 18 - Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX:DM.U) is pleased
to announce their Nokomis Deposit has been nominated for the Mining
Journal's Exploration Award, given for notable exploration success during
the past year. The Mining Journal's Outstanding Achievements Awards Ceremony
will take place on Wednesday, December 2nd in London, U.K. Details about the
Awards Dinner as well as online voting can be found at the Mining Journal
website www.mining-journal.com.
In the Company's short three year history, Duluth Metals has discovered
and qualified the Nokomis Deposit, one of the world's largest copper, nickel,
platinum, palladium gold deposits by completing over 153,000 metres of
drilling on 155 holes and 67 wedge holes from 2006 to 2009. The Nokomis
Deposit now contains 550 million tonnes of Indicated Resources grading 0.639%
copper, 0.200% nickel, 0.660 grams per tonne TPM (TPM (equal sign) Pt + Pd +
Au) for a copper equivalent (CuEq) grade of 1.51%, plus an additional 274
million tonnes of Inferred Resources grading 0.632% copper, 0.207% nickel,
0.685 grams per tonne TPM for a CuEq grade of 1.53% based on the Scott Wilson
Roscoe Postle Associates Inc. NI 43-101 Resource Estimate dated October 26,
2009, (Footnotes available in press release dated October 26, 2009).
The history of the growth of the Nokomis Deposit can be reviewed in the
NI 43-101 Resource Estimates covering 2007, 2008 and 2009, and is shown in
Graph 1, available on the Company website at www.duluthmetals.com
under this press release.
David Oliver, P. Geo. is the Qualified Person and Project Manager for
Duluth, 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 is committed to acquiring, exploring and developing copper, nickel
and platinum group metal (PGM) deposits. Duluth's 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
metals.
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's 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's 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 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.
For further information: please contact Mara Strazdins, Director of
Corporate Communications, at mstrazdins@duluthmetals.com or at
+1-416-369-1500; or Henry Sandri, President and CEO, at
hsandri@duluthmetals.com; Minnesota corporate office: telephone
+1-651-389-9990; Web Page: www.duluthmetals.com
For further information: please contact Mara Strazdins, Director of Corporate Communications, at mstrazdins at duluthmetals.com or at +1-416-369-1500; or Henry Sandri, President and CEO, at hsandri at duluthmetals.com; Minnesota corporate office: telephone +1-651-389-9990
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