Talon Metals Corp. (TSX:TLO, OTC:TLOFF) announced that its drill teams have hit a new area of semi-massive nickel sulphide in a part of the Tamarack Intrusive Complex at its Tamarack nickel-copper-cobalt project in Minnesota that has never been explored.
The base metals company said the new nickel mineralization was encountered at a shallow depth of about 296.3 meters (m) in an area between the Raptor's Head Area and the Raptor's Crest Area within the newly named ‘Raptor Zone’.
“While we have started the process of permitting an underground mine in the Tamarack Resource Area, we are committed to continuing to search for more high-grade nickel deposits in Minnesota and Michigan,” Talon Metals CEO Henri van Rooyen said in a statement.
“Our strategy is to become a significant supplier of US nickel for US batteries from both the Tamarack Intrusive Complex (TIC) in Minnesota and from potential future nickel discoveries in Michigan,” he added.
van Rooyen also noted that the company’s teams are currently drilling about one kilometre (km) to the south of the Tamarack Resource Area in the 164 Zone, approximately 1.8 km to the north-east of the Tamarack Resource Area in the Raptor's Head Area and about 2.6 km to the north-east of the Tamarack Resource Area between the Raptor's Head and Raptor's Crest Areas, where the mineralization was intercepted.
Talon added that both the Raptor's Head and the Raptor's Crest Areas contain high-grade massive nickel mineralization with grades up to 9.33% nickel and 9.95% nickel, respectively, however, the 1.5 km distance between these zones has never been drilled.
As well, the company stated that the maiden drill hole intersected 4.21m of nickel mineralization (assays pending), but of particular interest is that the mineralization is texturally very similar to what is observed in the Tamarack Resource Area Semi-Massive Sulphide unit located over 2 km south of this drill hole.
The maiden drill hole represents a 450m step-out from the nearest drill hole and provides ample room for exploration, Talon noted.
Talon Metals is a TSX-listed base metals company developing the high-grade Tamarack nickel-copper-cobalt project located in central Minnesota.
Contact Sean at sean@proactiveinvestors.com