COPPER-NICKEL RESOURCES: Duluth files report on huge Cu-Ni-PGM deposit

MINNESOTA – Duluth Metals of Toronto has filed a 43-101 technical report for its Twin Metals (Nokomis) project, that it says is among the world’s largest copper-nickel-platinum group metals polymetallic sulphide deposits. The...

MINNESOTA – Duluth Metals of Toronto has filed a 43-101 technical report for its Twin Metals (Nokomis) project, that it says is among the world’s largest copper-nickel-platinum group metals polymetallic sulphide deposits. The deposit is situated near the town of Ely, and is said to contain 8.0 billion lb of copper, 2.5 billion lb of nickel and 12.1 million oz of palladium+platinum+gold (TPM) in the indicated resource.

The indicated resource (using a 0.3% Cu cut-off) is 660 million tonnes grading 0.55% Cu, 0.17% Ni and 0.570 g/t TPM. The inferred resource is 1.25 billion tonnes in three deposits averaging 0.53% Cu, 0.18% Ni and 0.521 g/t TPM. The inferred material is estimated to contain 13.5 billion lb of copper and 4.6 billion lb of nickel.

Duluth Metals plans to update the study in September 2012 with additional geologic and drilling data to complete a pre-feasibility study.

Additional information is posted at DuluthMetals.com.

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