Talon Metals Corp. (TSX: TLO) is pleased to provide an update on the Tamarack Nickel-Copper-Cobalt Project, located in Minnesota, USA. The Tamarack Nickel Project comprises the Tamarack North Project and the Tamarack South Project.
Figure 1. 2.18 meters (7.2 feet) of massive sulphide mineralization starting at 191.35 meters (Drill hole 21TK0287)
“After recently announcing drilling success in the area called CGO East, we now have had preliminary drilling success in a new target area called CGO West, which appears to have identical geology to the CGO East area. We are excited that the first three drill holes in this new target area have all successfully intersected massive sulphide nickel mineralization at shallow depths,” said Dr. Etienne Dinel, Vice President of Geology for Talon. “Based upon very limited data, we now interpret the CGO West area to potentially host similar shallow, sheet-like mineralization as has been found within the CGO East area. This is indeed an exciting new development at the Tamarack Nickel Project.”
Talon has started exploration in a new area known as the CGO West (See Figure 2A & 2B for details). Talon is targeting this area to follow-up on previously intercepted mixed massive sulphide mineralization, which could potentially extend for an additional 250 meters (i.e., 400 meters north-east of the Tamarack Nickel Project’s current resource area).
So far, Talon has drilled three holes within the CGO West area, and all three holes successfully intercepted massive sulphide mineralization at shallow depths. Assay results for all three drill holes are pending (See Figure 2 for details).
Drill hole 21TK0285 was targeting an off-hole Borehole Electro-Magnetic (BHEM) geophysical model from historic drill hole 13TK0174 and intersected 35.02 meters (114.9 feet) of sulphide mineralization, starting at 160.63 meters, including 2.52 meters (8.3 feet) of massive sulphide mineralization starting at 193.13 meters.
Drill hole 21TK0287 was targeting a BHEM anomaly from new drill hole 20TK0285 and intersected 9.13 meters (30 feet) of sulphide mineralization starting at 184.4 meters, including 2.18 meters (7.2 feet) of massive sulphide mineralization starting at 191.35 meters.
Drill hole 21TK0282 was targeting the far side of a BHEM geophysical model from historic drill hole 13TK0184 and intersected 5.3 meters (17.4 feet) of massive sulphide mineralization starting at 135.28 meters.
So far, these results are showing massive sulphide mineralization at shallow depths similar to the CGO East target area (see the Company’s press release dated March 31, 2021). Talon is currently following up these drill holes with BHEM surveys to determine the strategy for upcoming targets in order to connect this area into a potential resource for adding early mine-life volume to the current mine plan.
1 Where used in this press release NiEq% = Ni%+ Cu% x $3.00/$8.00 + Co% x $12.00/$8.00 + Pt [g/t]/31.103 x $1,300/$8.00/22.04 + Pd [g/t]/31.103 x $700/$8.00/22.04 + Au [g/t]/31.103 x $1,200/$8.00/22.04
2 Where used in this press release CuEq% = Cu%+ Ni% x $8.00/$3.00 + Co% x $12.00/$3.00 + Pt [g/t]/31.103 x $1,300/$3.00/22.04 + Pd [g/t]/31.103 x $700/$3.00/22.04 + Au [g/t]/31.103 x $1,200/$3.00/22.04
Figure 2A. Plan view map of the CGO West area in relation to the northern part of the Tamarack Nickel Project’s resource area. The map shows the location of the new drill holes 20TK0282, 20TK0285 and 20TK0287, all of which have intersected massive sulphide mineralization at shallow depths.
Figure 2B. Plan view map of the CGO West area in relation to the northern part of the Tamarack Nickel Project’s resource area. The map shows the location of mineralized intervals of the holes discussed in this press release.
QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS
Please see the technical report entitled “NI 43-101 Technical Report Updated Preliminary Economic Assessment #3 of the Tamarack North Project – Tamarack, Minnesota” with an effective date of January 8, 2021 prepared by independent “Qualified Persons” (as that term is defined in National Instrument 43-101 Leslie Correia (Pr. Eng), Andre-Francois Gravel (P. Eng.), Tim Fletcher (P. Eng.), Daniel Gagnon (P. Eng.), David Ritchie (P. Eng.), Oliver Peters (P. Eng.), Volodymyr Liskovych (P.Eng.), Andrea Martin (P. E.) and Brian Thomas (P. Geo.) for information on the QA/QC, analytical and testing procedures at the Tamarack Project. Copies are available on the Company’s website (www.talonmetals.com) or on SEDAR at (www.sedar.com). The laboratory used is ALS Minerals who is independent of the Company.
Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently calculated for comparison purposes between holes because of the irregular shapes of the mineralized zones. Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon. The geological interpretations in this news release are solely those of the Company.
The locations and distances highlighted on all maps in this news release are approximate.
Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-101. Dr. Dinel is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information.
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project. Talon has an earn-in to acquire up to 60% of the Tamarack Project. The Tamarack Project comprises a large land position (18km of strike length) with numerous high-grade intercepts outside the current resource area. Talon is focused on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade nickel mineralization; and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry. Talon has a well-qualified exploration and mine management team with extensive experience in project management.
Table 1. Drill Holes Discussed in this Press Release
|HOLEID||Easting (m)||Northing (m)||Elevation (masl)||Azm||Dip||End Depth (m)|
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from survey record at collar unless otherwise noted.
Table 2. Assays of Drill Holes 13TK0174 and 07L024
|NiEq (%)||CuEq (%)|
Length refers to drill hole length and not True Width.
True Width is unknown at the time of publication.
All samples were analysed by ALS Minerals. Nickel, copper, and cobalt grades were first analysed by a 4-acid digestion and ICP AES (ME-MS61). Grades reporting greater than 0.25% Ni and/or 0.1% Cu, using ME-MS61, trigger a sodium peroxide fusion with ICP-AES finish (ICP81). Platinum, palladium and gold are initially analyzed by a 50g fire assay with an ICP-MS finish (PGM-MS24). Any samples reporting >1g/t Pt or Pd trigger an over-limit analysis by ICP-AES finish (PGM-ICP27) and any samples reporting >1g/t Au trigger an over-limit analysis by AAS (Au-AA26).
No adjustments were made for recovery or payability.
NiEq% = Ni%+ Cu% x $3.00/$8.00 + Co% x $12.00/$8.00 + Pt [g/t]/31.103 x $1,300/$8.00/22.04 + Pd [g/t]/31.103 x $700/$8.00/22.04 + Au [g/t]/31.103 x $1,200/$8.00/22.04
CuEq% = Cu%+ Ni% x $8.00/$3.00 + Co% x $12.00/$3.00 + Pt [g/t]/31.103 x $1,300/$3.00/22.04 + Pd [g/t]/31.103 x $700/$3.00/22.04 + Au [g/t]/31.103 x $1,200/$3.00/22.04
Table 3. Quick Lithology Log for Drill Holes 20TK0282, 20TK0285 and 20TK0287
|HOLEID||FROM (m)||To (m)||length||Quick Log||% Sulphides|
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