Talon Metals Corp. (TSX:TLO, OTC:TLOFF) said it has intersected up to 6.93% nickel in the newly discovered Raptor Zone within the Tamarack Nickel-Copper-Cobalt Project in central Minnesota and has plans for further drilling in the area.
Talon said assay results for the zone, some 2 miles (3.5 milometres) outside Tamarack Nickel Project's resource area, confirm a new system of high-grade nickel-copper mineralization, with results for six holes all intersecting basal massive nickel mineralization.
The company said it plans additional exploration drilling for the remainder of 2023, focusing on the new Raptor Zone, with an additional 20,000 meters of drilling planned. The company also plans to drill between 3,000-5,000 meters in an area approximately 1 kilometre south of the Tamarack Nickel Project's resource area at which historic high-grade massive nickel sulphides have been identified but not followed up.
"These assays confirm that the mineralization drilled in the Raptor Zone is high-grade and that there is exciting potential for additional discoveries within the Raptor Zone,” Brian Goldner, chief exploration and operations officer said in a statement.
“To me, it's exciting that we have 1,500 meters of prospective ground, bookended by intercepts of high-grade nickel mineralization, that has not yet been drilled. There is enough room in this undrilled portion of the Raptor Zone to fit more than 50 of the CGO West resource footprint (discovered by Talon in 2021).
"The Raptor Zone has all of the criteria needed for a top-tier exploration target area - high grades, ample room and within just a few miles of the current Tamarack Nickel Project resource area. The primary objective of the company's additional exploration efforts along the Tamarack Intrusive Complex is to enable Talon to identify future mineral resources to support the developing domestic battery manufacturing supply chain from mining through to recycling," Goldner added.
Talon is a base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project in central Minnesota.
Contact the author at jon.hopkins@proactiveinvestors.com