August 7, 2008
Duluth Metals Appoints Thomas F. Pugsley to Board
TORONTO, Aug. 7 /PRNewswire-FirstCall/ -- Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX:DM.U) is pleased to announce that Mr. Thomas F. Pugsley has been appointed to its Board of Directors. Mr. Pugsley is known for his long term senior management role with Falconbridge Limited, which involved the development and construction of a number of worldwide large scale copper and nickel mines. He is a Fellow of both the Canadian Institute of Mining, Metallurgy and Petroleum and the Canadian Academy of Engineering (FCAE), and holds a Bachelor of Engineering degree from the Royal School of Mines as well as a Masters Degree in Mining Engineering from McGill University.
Christopher Dundas, Chairman of Duluth Metals, stated, "Tom Pugsley's appointment brings senior level mine development and construction expertise to the Company from over 30 years experience with Falconbridge Limited including former Senior Vice President of Projects and Engineering. His experience with the Koniambo ferro nickel project, Gag Island nickel project and the Collahuasi copper mine expansion will be a major asset as the Company proceeds on the planning and development phase of the copper-nickel-platinum group Nokomis Deposit near Ely, Minnesota."
Thomas Pugsley held senior management positions with Falconbridge Limited from 1977 onwards and retired from Falconbridge in 2004. Mr. Pugsley managed Falconbridge's interest in the US$1.8 billion Collahuasi Copper Project in Chile. He was also responsible for the implementation of Falconbridge's $600ÃÆÃ“Ã“ million Raglan Project located in Nunavik Quebec as well as the design, planning and development of Falconbridge's US$3 billion Koniambo Ferronickel Project in New Caledonia. Prior to Falconbridge, Mr. Pugsley was Senior Mining Engineer and Mine Superintendent for Cominco's Black Angel Mine in Greenland. Mr. Pugsley and the Falconbridge team were awarded the PDAC Developers Award in 2000 for development of the Raglan and Collahuasi mines.
Currently Duluth Metals is moving forward into the pre-feasibility and mine planning stage of the Nokomis Deposit which contains an NI 43-101 compliant resource of 449 million tonnes of Indicated Resources grading 0.624% copper, 0.199% nickel, 0.600 grams per tonne of total precious metals (TPM = Platinum+Palladium+Gold), and an additional 284 million tonnes of Inferred Resources grading 0.627% copper, 0.194% nickel, 0.718 grams per tonne of TPM.
David Oliver, P. Geo. and Duluth Project Manager is the Qualified Person, in accordance with NI 43-101 of the Canadian Securities Administrators, and is responsible for the technical content of this press release and quality assurance of the exploration data and analytical results.
About Duluth Metals
Duluth Metals is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth Metals' principal property is the Nokomis Deposit located within the rapidly emerging Duluth Complex mining camp in northeastern 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 Litigation Reform Act of 1995) relating to Duluth Metals' operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Duluth Metals' 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. Duluth Metals 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.
Duluth Metals Limited
CONTACT: Mara Strazdins, Director of Corporate Communications, [email protected] or at (416) 369-1500 or Henry Sandri, Presidentand CEO, at [email protected]; U.S. corporate office: telephone (651)389-9990; Web Page: http://www.duluthmetals.com/