Talon Metals drills 5.1 metres grading 6.03% NiEq at Tamarack Project, Minnesota
Talon Metals Corp. [TLO-TSX] provided an update on the Tamarack nickel-copper-cobalt project, located in Minnesota, United States. The Tamarack Nickel Project, in which Talon has an earn-in to acquire up to 60% interest, comprises the Tamarack North Project and the Tamarack South Project.
Talon has consistently intersected high-grade nickel-copper mineralization at shallow depths in an area that extends approximately 700 metres north-east of the Tamarack Nickel Project’s resource area. The area is referred to as the CGO East area.
Drill hole 21TK0283 intersected 30.36 metres grading 1.30% nickel, 0.59% copper, including 5.1 metres grading 4.99% nickel, 1.66% copper (6.03% NiEq or 16.09% CuEq)starting at only 171.26 metres.
Drill hole 21TK0290 intersected 31.73 metres) grading 1.00% nickel, 0.58% copper (1.39% NiEq or 3.70% CuEq), starting at 153.00 metres, including 1.59 metres grading 5.21% nickel, 1.73% copper (6.37% NiEq or 17.00% CuEq) starting at only 183.14 metres.
Drill hole 21TK0295 intersected two separate zones of sulphide mineralization, including 4.55 metres grading 3.39% Ni, 1.26% Cu (4.19% NiEq or 11.17% CuEq) starting at only 161.35 metres.
Drill hole 20TK0267 intersected 16.99 meters of sulphide mineralization, including 1.33 meters grading 3.35% nickel, 0.89% copper (4.18% NiEq or 11.15% CuEq) starting at only 247.66 metres.
These assay results start to confirm the extent and grade of nickel-copper mineralization in the CGO East area that was modelled by Talon from surface and borehole EM data (geophysics) and subsequently drilled. Talon continues to drill this large area with the goal of delineating a new resource that could be added to the current mine plan. The company plans to deliver a new resource estimate later this year.
“The nickel grades we are seeing in the CGO East Area, and even in the CGO West Area for that matter, are turning out to be higher than expected,” said Brian Goldner, Head of Exploration for Talon. “What is really exciting is that we are now seeing that there is a very large trend of shallow, high-grade nickel-copper mineralization that starts several hundreds of meters to the north and heads back towards our resource area. All of this will be taken into account as part of our next iteration of the mine plan. Given the excellent results so far in both CGO East and CGO West areas, we plan to continue with our drilling efforts in these areas over the next couple of months. Our ultimate goal is to increase the resource size, and deliver a new resource estimate later this year.”