Duluth Metals acquires surface rights on 480 acres in
Duluth Metals Limited announced that Duluth Metals Corp.,
through its wholly owned subsidiary, Sky Blue Waters Land Company, has
purchased the surface rights of approximately 480 acres of its Maturi
Extension Properties. This acquisition is significant as Duluth Metals
proceeds on the development and planning phase of the Nokomis Deposit
near Ely, Minnesota.
The estimated 480 acres are associated with and overlay
mineral rights held by Duluth Metals on its Maturi Extension Properties,
and include parts of the Nokomis Deposit. The Nokomis Deposit contains
347 million tons of indicated resources grading 0.62% copper, 0.20% nickel,
0.52 grams per ton of total precious metals (TPM) which consists of platinum,
palladium and gold, and an additional 108 million tons of inferred resources
grading 0.64% copper, 0.18% nickel, 0.70 grams per ton of TPM.