TORONTO, June 21 - - Duluth Metals Limited ("Duluth") (TSX: DM)
(TSX:DM.U) today announced significant assay results for an additional ten new
holes. These new assays confirm the continuation of a widespread copper,
nickel and platinum group mineralized zone as intersected by all 45 holes
drilled to date into the Maturi Extension Project near Ely, Minnesota. The
majority of the holes have been drilled into the western part of the Property.
Scott Wilson Roscoe Postle Associates Inc. is currently preparing a NI 43-101
compliant Mineral Resource Estimate and Technical Report for the Western Area
zone.
"Our 100,000 foot 2006-2007 drill program in the Western Area has been
very successful as all of the drill holes intercepted significant
mineralization with considerable widths, reaching more than 500 feet in some
holes. This is extremely important, in that most of the holes in the Western
Area are 200 meters apart which is equivalent to two football fields including
the end-zones. This underscores the size and potential of our property" stated
Dr. Henry Sandri, President and CEO. "We anticipate releasing our 43-101
compliant resource estimate shortly."
A highlighted drill location map can be viewed at
http://files.newswire.ca/610/Duluth_Drill_Location.JPG
A complete compilation of drill holes assays will be available on our
website at www:duluthmetals.com. Further information will be presented at the
Company's Annual General Meeting which will be held at 11:00am on Tuesday,
June 26, 2007 at the Toronto Board of Trade, 1 First Canadian Place, Toronto,
Canada.
The assay results continue to indicate a large continuous mineralized
zone in the Western Area of our property. MEX-34 intersected 190.5 feet of
0.839% copper, 0.262% nickel, and 0.753 grams per tonne of total precious
metals (TPM = Platinum+Palladium+Gold) including 40.0 feet of 1.174% copper,
0.338% nickel and 1.089 TPM. MEX-43 intersected 171.5 feet of 0.705% copper,
0.257% nickel and 0.668 grams per tonne TPM. Included in that interval are
66.5 feet of 1.006% copper, 0.318% nickel and 1.060 grams per tonne of TPM.
True thickness is estimated at about 90% of core length. The following
table (with 0.3% copper and 0.5% copper cut-offs) contains a more detailed
summary of the drill intercepts:
<<
HOLE ZONE FROM TO LENGTH COPPER NICKEL TPM(*)
(feet) (feet) (feet) (%) (%) (g/t)
@ 0.3% Cu 1753 1918 165 0.543 0.183 0.553
MEX-28 @ 0.5% Cu 1756.7 1828 71.3 0.661 0.234 0.703
@ 0.5% Cu 1878 1893 15 0.891 0.241 1.032
@ 0.3% Cu 2421.1 2440.3 19.2 0.337 0.053 0.057
MEX-29 @ 0.5% Cu 2504.3 2558.4 54.1 0.659 0.228 0.700
including 2533.8 2538.7 4.9 1.030 0.287 1.026
@ 0.3% Cu 2573.2 2607.6 34.4 0.369 0.235 0.281
@ 0.3% Cu 2627.2 2646.9 19.7 0.413 0.186 0.328
@ 0.3% Cu 2613.6 2638.1 24.5 0.637 0.168 0.794
MEX-32 @ 0.5% Cu 2613.6 2628.2 14.6 0.807 0.186 1.087
@ 0.3% Cu 2702.1 2854.6 152.5 0.629 0.177 0.849
@ 0.5% Cu 2721.8 2825 103.2 0.752 0.217 1.069
including 2736.5 2780.8 44.3 0.992 0.287 1.591
MEX-34 @ 0.5% Cu 2072.5 2263 190.5 0.839 0.262 0.753
including 2118 2158 40 1.174 0.338 1.089
and 2193 2223 30 1.013 0.288 0.932
MEX-40 @ 0.5% Cu 2784.7 2863.2 78.5 0.667 0.187 0.789
@ 0.5% Cu 3271.8 3296.4 24.6 0.808 0.084 0.260
including 3271.8 3276.7 4.9 1.220 0.139 0.584
and 3291.5 3296.4 4.9 2.000 0.202 0.466
MEX-41 @ 0.3% Cu 2073 2093 20 0.572 0.232 0.754
@ 0.5% Cu 2083 2093 10 0.691 0.265 0.896
@ 0.3% Cu 2143 2288 145 0.469 0.168 0.461
@ 0.5% Cu 2148 2203 55 0.630 0.236 0.682
including 2148 2173 25 0.744 0.300 0.910
and 2183 2203 20 0.713 0.236 0.666
MEX-42 @ 0.3% Cu 2200.3 2421.6 221.3 0.656 0.216 0.497
@ 0.5% Cu 2200.3 2416.8 216.5 0.660 0.219 0.501
including 2220 2269.2 49.2 0.832 0.265 0.736
MEX-43 @ 0.3% Cu 2476.5 2648 171.5 0.705 0.257 0.668
@ 0.5% Cu 2476.5 2578 101.5 0.894 0.274 0.911
including 2476.5 2543 66.5 1.006 0.318 1.060
MEX-44 @ 0.3% Cu 2908.8 2962.8 54 0.592 0.134 0.349
@ 0.5% Cu 2908.8 2953 44.2 0.642 0.143 0.362
@ 0.3% Cu 3012 3194.1 182.1 0.549 0.142 0.880
@ 0.5% Cu 3036.7 3080.9 44.2 0.862 0.225 1.503
@ 0.5% Cu 3120.2 3154.8 34.6 0.550 0.146 0.948
MEX-45 @ 0.3% Cu 2830 2923.4 93.4 0.659 0.210 0.589
@ 0.5% Cu 2830 2908.8 78.8 0.713 0.220 0.640
2834.9 2839.9 5.0 1.005 0.336 0.754
(*)Total Precious Metals = Platinum+Palladium+Gold
Complete gold, platinum, and palladium assays for MEX 28, 29, 32, 34, 40,
41, 42, 43 and 44 are as follows:
HOLE ZONE FROM TO LENGTH GOLD PLATINUM PALLADIUM
(feet) (feet) (feet) (g/t) (g/t) (g/t)
@ 0.3% Cu 1753 1918 165 0.085 0.159 0.309
MEX-28 @ 0.5% Cu 1756.7 1828 71.3 0.110 0.174 0.419
@ 0.5% Cu 1878 1893 15 0.092 0.508 0.432
@ 0.3% Cu 2421.1 2440.3 19.2 0.009 0.008 0.040
MEX-29 @ 0.5% Cu 2504.3 2558.4 54.1 0.089 0.176 0.435
including 2533.8 2538.7 4.9 0.146 0.265 0.615
@ 0.3% Cu 2573.2 2607.6 34.4 0.034 0.072 0.175
@ 0.3% Cu 2627.2 2646.9 19.7 0.036 0.073 0.218
@ 0.3% Cu 2613.6 2638.1 24.5 0.148 0.187 0.459
MEX-32 @ 0.5% Cu 2613.6 2628.2 14.6 0.219 0.252 0.616
@ 0.3% Cu 2702.1 2854.6 152.5 0.127 0.210 0.512
@ 0.5% Cu 2721.8 2825 103.2 0.158 0.264 0.646
including 2736.5 2780.8 44.3 0.235 0.374 0.983
MEX-34 @ 0.5% Cu 2072.5 2263 190.5 0.119 0.181 0.453
including 2118 2158 40 0.151 0.270 0.668
and 2193 2223 30 0.146 0.223 0.563
MEX-40 @ 0.5% Cu 2784.7 2863.2 78.5 0.125 0.210 0.453
@ 0.5% Cu 3271.8 3296.4 24.6 0.059 0.094 0.107
including 3271.8 3276.7 4.9 0.115 0.226 0.243
and 3291.5 3296.4 4.9 0.055 0.191 0.220
MEX-41 @ 0.3% Cu 2073 2093 20 0.080 0.269 0.406
@ 0.5% Cu 2083 2093 10 0.087 0.377 0.432
@ 0.3% Cu 2143 2288 145 0.056 0.135 0.270
@ 0.5% Cu 2148 2203 55 0.073 0.221 0.389
including 2148 2173 25 0.087 0.286 0.537
and 2183 2203 20 0.083 0.232 0.351
MEX-42 @ 0.3% Cu 2200.3 2421.6 221.3 0.083 0.124 0.290
@ 0.5% Cu 2200.3 2416.8 216.5 0.084 0.125 0.293
including 2220 2269.2 49.2 0.123 0.179 0.435
MEX-43 @ 0.3% Cu 2476.5 2648 171.5 0.098 0.175 0.395
@ 0.5% Cu 2476.5 2578 101.5 0.136 0.243 0.531
including 2476.5 2543 66.5 0.144 0.284 0.631
MEX-44 @ 0.3% Cu 2908.8 2962.8 54 0.057 0.084 0.208
@ 0.5% Cu 2908.8 2953 44.2 0.059 0.088 0.215
@ 0.3% Cu 3012 3194.1 182.1 0.099 0.244 0.537
@ 0.5% Cu 3036.7 3080.9 44.2 0.161 0.414 0.929
@ 0.5% Cu 3120.2 3154.8 34.6 0.106 0.252 0.589
MEX-45 @ 0.3% Cu 2830 2923.4 93.4 0.083 0.152 0.355
@ 0.5% Cu 2830 2908.8 78.8 0.088 0.165 0.387
including 2834.9 2839.9 5.0 0.075 0.201 0.478
>>
For the 2006-2007 winter drill program, half core samples were prepared
at ALS Chemex Ltd. Laboratories in Thunder Bay and then shipped to its
analytical facilities in Vancouver. Samples were analyzed for Au, Pt, Pd using
a standard fire assay with an ICP finish and for 27 other elements using a
four acid (near total) digestion and a combination of ICPMS and ICPAES. ICP
over limits were re-analyzed using sodium peroxide fusion, acid dissolution
followed by ICPAES. The remaining half core samples are being stored in
Minnesota.
David Oliver, P. Geo. is the Qualified Person 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.
Duluth Metals is pleased to announce the opening of their new Minnesota
corporate office which will help the Company to manage the Maturi Extension
project and solidify it's mining presence in Minnesota. The new office is
located at 7300 Hudson Blvd., Oakdale, MN.
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
Maturi Extension Property 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.
