Duluth Metals Limited (TSX:DM,TSX:DM.U) announced findings of a new technical report confirm that the Twin Metals Minnesota project is one of the largest base and precious metals deposits in the world.
As quoted in the press release:
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)and Inferred 13.5 Billion lbs copper, 4.6 Billion lbs nickel, and 15.8 Million ozs TPM.
Duluth’s President, Vern Baker said:
This resource estimate has been done from the beginning with the concept of providing a robust estimate for mine planning. Incorporated into this estimate are much tighter estimation parameters and appropriate high-grade restrictions to provide the definition necessary for good planning. This estimate reinforces the scale, consistency, and amenability of the assumed mining methods of this Resource. We anticipate the next AMEC Resource Study in August 2012 will incorporate additional geologic and assay data from 170 holes, thereby providing greater clarity on continuous zones of higher grade mineralization.