Duluth Metals Expands Exploration Land Holdings

 

TORONTO, ON - Duluth Metals Limited reported the successful acquisition of 3,353 acres by way of nine prospective mineral leases from the State of Minnesota. The new acquisitions include 3,161 acres of matching surface rights. This newly-leased acreage is within the Duluth Complex and located in Lake County, Minnesota. These strategic lands were acquired for future exploration for copper, nickel, and precious metal mineralization and/or for strategic planning and infrastructure purposes.

The new acquisitions are located 21 kilometers (13 miles) south of the Nokomis Deposit and 13 kilometers (8 miles) south-east of the Dunka Property. The Cascade Properties potentially overlie the southern extent of the South Kawishiwi Intrusion as it is cross-cut by the base of the Greenwood Lake Intrusion. The property has potential for contact-type copper-PGE mineralization. The Nokomis Deposit has a NI 43-101 compliant Indicated Resource of 449 million tonnes grading 0.624% copper, 0.199% nickel, 0.600 grams per tonne of TPM (TPM = Platinum+Palladium+Gold), as well as 284 million tonnes of Inferred Resources grading 0.627% copper, 0.194% nickel, 0.718 grams per tonne of TPM. (For reference, the Nokomis Property totals 3,001 acres.)

These new land acquisitions bring the current mineral rights and exploration holdings of Duluth Metals to approximately 18,656 acres and 13,990 acres of surface rights, making it the largest mineral rights holder of prospective copper-nickel-PGM lands in Minnesota. Duluth Metals also has pending State and Federal lease applications, which if awarded, would more than double the current holdings.

The company’s address is 80 Richmond St West, Suite 1500, Toronto, ON M5H 2A4, 416-369-1500, fax: 416-369-1501.