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Bullboard - Stock Discussion Forum Duluth Metals Ltd DULMF

GREY:DULMF - Post Discussion

Duluth Metals Ltd > We are twice as big!
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Post by gwalker on Jun 13, 2012 6:43am

We are twice as big!

here is the important parts of the NR

Amongst the world's largest Cu-Ni-PGM polymetallic sulphide deposits with contained metals (using a 0.3% Cu cut-off) of Indicated 8.0 Billion lbs copper, 2.5 Billion lbs nickel, and 12.1 Million ozs palladium+platinum+gold (TPM)1 and Inferred 13.5 Billion lbs copper, 4.6 Billion lbs nickel, and 15.8 Million ozs TPM 1.

Using a base case 0.3% Cu cut-off, AMEC estimated Indicated Resource of 726 million tons2 and Inferred Resource of 1.37 billion tons on the three deposits (Birch Lake, Maturi and Spruce Road) which are approximately 11% of the Twin Metals property block.

 In addition to the stated Indicated and Inferred mineral resource tons, AMEC highlights additional Exploration Target areas surrounding Maturi estimating an additional potential of between 1.4 and 2.4 billion tons. These Exploration Target areas represent approximately 12% of the Twin Metals property block.

Within the three zones for which resources are estimated, there exists significant continuous mineralization at higher grades than the global resource.

 

This new Mineral Resource Estimate reports an increase in tonnage and metal that is approximately double the estimate used in Duluth Metal's Preliminary Economic Assessment (PEA) of January 8, 2009

Comment by oceaneleven on Jun 13, 2012 7:28am
Impressive!!!!   Forget North America....... This interim study confirms the Twin Metals Minnesota Project to be one of the largest base and precious metal deposits in the world of this type. The NI 43-101 compliant Technical Report will be delivered by AMEC and filed on SEDAR within 45 days from today's date.   And to think 12% of land holdings.......    ...more  
Comment by kkkrrrr on Jun 13, 2012 8:20am
impressive...  enough ore for 100 years of production ;)  
Comment by redmetal on Jun 13, 2012 9:28am
170 drill holes to be added to resource in August.
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