Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) told investors it is now re-assessing its drilling strategy after it hit the longest intersection of mixed massive sulphides at its Tamarack nickel project so far.
The hole in Minnesota was sunk at the western limb of the so-called high-grade massive sulphide unit (MSU) area in a bid to expand the resource area to the south.
Starting at a depth of 459.72 metres (m), the said hole hit 21.73m of mixed massive sulphide mineralization grading 6.72% nickel, 2.95% copper, 0.13% cobalt, 0.56 grams per ton (g/t) palladium, 0.76 g/t platinum and 0.38 g/t gold. Within that 21.73m, the company intercepted 6.52m at 8.21% nickel, 3.72% copper, 0.16% cobalt, 0.67g/t palladium, 0.86 g/t platinum and 0.36 g/t gold.
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"Not only was this a record length of mixed and massive sulphides at the Tamarack Nickel Project, but the assays show excellent grades that are extremely rare amongst nickel projects globally," said Brian Goldner, the company's head of exploration.
"Clearly this area merits additional focus and will see additional drilling in the coming months to test how far south the high-grade Massive Sulphide Unit potentially extends."
Notably, the hole lies in an area, so far largely underexplored, and Talon is now re-assessing its drilling program strategy, given "these extremely positive results".
Further surveying is currently being carried out to identify the next targets for further drilling, with the goal to continue expanding the resource towards the south.
Talon's asset, on which it is in a joint venture with Rio Tinto PLC (LON:RIO), comprises the Tamarack North project and the Tamarack South project, which spans a large land position, with 18km of strike length, with numerous high-grade intercepts outside the current resource area.
Talon has an earn-in to acquire up to 60% of the asset.
Contact the author at giles@proactiveinvestors.com