Talon Metals Corp. (TSX:TLO, OTC:TLOFF) has provided an update on its exploration plans for its portfolio of US nickel projects in 2024.
It is the majority owner and operator of the Tamarack nickel-copper-cobalt project in central Minnesota and also operates several high-grade nickel-copper prospects in the Upper Peninsula of Michigan.
The company highlighted that its 2024 exploration plan is nearly 50% funded by the US Department of Defense (DoD), which is providing US$20.6 million to accelerate exploration in Michigan and Minnesota.
It has already commenced a 30,000-meter drill program which will be followed up by in-house geophysics to further expand the resource in Minnesota and test historical high-grade nickel targets in Michigan.
Its team began conducting geophysical work in Michigan ahead of schedule, having purchased a property in L’Anse, Michigan that will serve as the company’s local office and core shed.
A drill rig will be deployed in May using funding from the DoD.
At the Tamarack project, exploration this year will be focused on four key areas: the Raptor Zone; testing the Deep MT Target directly below the Tamarack Resource Area; the Main Zone massive sulphide exploration to expand mineralization stepping outside the Tamarack Resource Area; and the CGO East Expansion.
Talon believes each of these target areas presents opportunities for resource growth at the Tamarack project.
CEO Henri van Rooyen noted that 2024 was already a very exciting year for the company.
“We are drilling potential game-changing targets at the Tamarack nickel project and are excited to report that we have also started exploration in Michigan where the potential to find more high-grade nickel around an existing and operating nickel mine (the Eagle Mine) is high,” van Rooyen said.
“I believe that our in-house exploration team’s experience and proven track record of expansion at the Tamarack nickel project is a solid foundation for our ambitious plans in 2024.”
Talon chief exploration officer Brain Goldner added: “Our exploration efforts in 2024 are strategically aligned to unlock new opportunities and drive value. We are excited about the potential of our multiple targets and remain dedicated to pushing the limitations of exploration.”
The company told investors that it also plans to provide an update on permitting and its activities in North Dakota in the coming weeks.