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: Aggregate of 9.63 meters (31.6 feet) of massive sulphide nickel-copper mineralization beginning at 191.1 meters in drill hole 21TK0323 from the CGO West area.
“We are excited to continue expanding the ‘pool’ or potentially ‘pools’ of high quality massive sulphides in the CGO West area. Our use of Bore Hole EM (geophysics) is allowing us to ‘see’ where massive mineralization is most likely to extend so that follow up holes are drilled with more precision, rather than as blind step-outs from the last drill hole. This significantly reduces the time, effort and cost it takes to delineate this new exciting area,” said Brian Goldner, Vice President of Exploration.
Talon’s newest exploration area, the CGO West area, lies approximately 100 meters north-north-east of the Tamarack Nickel Project’s resource area and extends for an additional 400 meters. Drilling of 13 holes has been reported in news releases dated May 19, 2021, June 9, 2021 and July 6 2021, which detail thick intersections of massive sulphide nickel-copper mineralization notably in drill holes 21TK0313, 21TK0316, 21TK0317, and 21TK0320. These drill holes have intersected a thick ‘pool’ of mixed and massive nickel-copper mineralization that has not yet been completely defined.
In a news release on July 6, 2021, Talon announced the first assays received for the newly discovered ‘pool’ of massive nickel-copper mineralization from drill hole 21TK0313, with 13.92 meters (45.7 feet) of mixed and massive nickel-copper sulphide mineralization grading 5.54% Ni, 2.14% Cu, 0.16% Co, 0.21 g/t Pd, 0.26 g/t Pt and 0.08 g/t Au (6.70% NiEq or 17.86% CuEq), starting at only 225.44 meters.
Today, Talon is pleased to report an additional five (5) new drill holes from the CGO West area. These holes have intersected new, thick accumulations of mixed and massive sulphide nickel-copper mineralization, particularly in new drill holes 21TK0323 and 21TK0329. The mixed and massive nickel-mineralization in these two holes are 9.63 meters and 8.88 meters thick, respectively, and are 35 meters apart. Importantly, these intersections are up to 105 meters away from the previously reported thick intersections of mixed and massive sulphides in the CGO West area.
Talon’s regular practice of BHEM surveying (geophysics) each new drill hole immediately after it has been completed allows Talon to efficiently follow the massive nickel-copper mineralization. This geophysical technique allows the drill rig to be carefully aimed at the highly conductive zones that the BHEM instrumentation detects. Talon is then able to collect and process the geophysical data quickly because the surveyors and geophysicists are employed by Talon and work on site every day.
All five drill holes reported today have encountered nickel-copper mineralization. Assays are pending.
Details of each of the five drill holes are as follows:
Drilling continues in the CGO West area with the goal of defining the size of the newly discovered mixed and massive nickel-copper mineralized body. Assays remain pending for all five of the new holes in this news release.
Figure 2: Plan view geological map showing in green text boxes for the 5 new drill holes within in the CGO West area (outside of the Tamarack Resource Area).
Figure 2 also shows the location of two sections (See A and B above) passing through the nickel-copper mineralization. Sections A and B are approximately 90 meters apart. Section A passes through drill holes 21TK0313 and 21TK0317 (see Figure 3 below), while Section B passes through drill holes 21TK0323 and 21TK0329 (see Figure 4 below).
Figure 3: Section A represents a portion of the CGO West area looking east showing the thick intersections of nickel-copper mineralization found in drill holes 21TK0313 and 21TK0317.
Figure 4: Section B represents a portion of the CGO West area looking east showing the thick intersections of nickel-copper mineralization found in drill holes 21TK0323 and 21TK0329.
QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS
Please see the technical report entitled “NI 43-101 Technical Report Updated Preliminary Economic Assessment (PEA) #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: Collar Locations of New Drill Holes Referred to in this News Release
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from survey record at collar unless otherwise noted.
Table 2: Quick Lithology Log for New Drill Holes Referred to in this News Release
|HOLEID||FROM (m)||To (m)||Length||Quick Log||% Sulphides|
Quick lithology log of drill holes: Overburden (OB); Fine-grained Orthocumulate/Mixed Zone (FGO/MZNO); Mixed massive sulphides (MMS); Massive sulphides (MSU); Meta-sedimentary rocks (SED); Coarse-grained Orthocumulate (CGO)
1 Where used in this news 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 news 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
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