Duluth Metals Ltd. (fka DULMF)

[tdbowieknife]

TWIN METALS:

• Twin Metals Minnesota (TMM) is pursuing the development and operation of an underground mining project in northeastern Minnesota, seeking to recover copper, nickel, gold, silver, and platinum and palladium (PGM) mineral resources.

• TMM is focusing its efforts on the potential mining of the Maturi and Maturi SW mineral deposits, located approximately 15 miles to the southeast of Ely, and 10 miles to the northeast of Babbitt. The Maturi and Maturi SW deposits are located within the Duluth Complex, one of the largest untapped sources of copper, nickel and PGM resources in the world.

• TMM is nearing completion of its Prefeasibility Study (PFS), an internal effort focused on refining mineral resource estimates, narrowing options for underground mine development and potential future mine operations, and selecting a “preferred option” to move forward for further detailed study and design. Completion of the PFS is an important milestone in eventually proposing a detailed “Mine Plan of Operations” to state and federal regulatory agencies for environmental review and permitting.

• TMM currently has approximately 40 employees with offices in Ely and St. Paul.

• To date, TMM has invested more than $250 million in exploration and project development activities, supporting more than 100 direct, consultant and contractor jobs within Minnesota.

• TMM is a joint venture company, 60 percent owned by Duluth Metals Ltd. and 40 percent by Antofagasta PLC.

• TMM received Finance and Commerce’s 2012 Progress Minnesota award, which recognizes companies that are driving business growth and development in Minnesota in unique and innovative ways.


http://www.virginiamn.com/mine/so-what-s-happening-with-mining-on-range/article_6666cb38-fca7-11e3-9d3a-0019bb2963f4.html