Duluth Metals Limited

Duluth Metals Limited

November 08, 2006 14:20 ET

Duluth Metals Limited Starts Major Drill Program

TORONTO, ONTARIO--(CCNMatthews - Nov. 8, 2006) - Duluth Metals Limited ("DM") (TSX:DM) is pleased to announce that it has commenced a forty hole 100,000 foot drill program on its Maturi Extension Property. The forty hole program will complete the Phase One and Phase Two work programs recommended in the NI 43-101 Technical Report dated May 31, 2006 prepared by Roscoe, Postle Associates Inc.

The primary objectives of the current drilling program are to pursue the qualification of a NI 43-101 compliant Inferred Resource on the Western Area through drill hole spacings of 200 meters, and to expand exploration of the Eastern Exploration Area. To advance the project, geological mapping, property boundary and drill hole surveys, metallurgical test work, geotechnical studies, environmental baseline data collection and permitting will be carried out at the same time as the drill program.

Dr. Henry "Rick" Sandri, President and CEO of DM commented, "We will be phasing in three additional drill rigs between now and January to aggressively pursue both our promising Eastern Exploration Area and the Western Area, where we intend to qualify an Inferred Resource with our current Fall/Winter drill program".

About Duluth Metals

Duluth Metals Limited was founded to acquire, explore and develop copper, nickel and platinum group metal (PGM) deposits in North America. Duluth's principal property is the Maturi Extension Property located within the rapidly emerging Duluth Complex mining camp in north-eastern 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 Reform Act of 1995) relating to the Company's operations or to the environment in which it operates. Other than statements of historical fact, all statements are "forward-looking statements" that involve various known and unknown risks, uncertainties and other factors beyond the Company'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. The Company 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.

Contact Information

  • Duluth Metals Limited
    Mara Strazdins
    (416) 710-0646
    Duluth Metals Limited
    Henry Sandri
    President and CEO
    Email: hsandri@duluthmetals.com