Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) said it had discovered a thick pool of massive nickel-copper mineralization outside of the defined resource area at its Tamarack project in Minnesota.
A recent drill hole in the area known as CGO West intersected 13.88 metres (m) of mixed massive nickel-copper mineralization starting at 224m – the thickest intercept to date in the area.
Assay results are pending on the hole, Talon said in a statement.
READ: Talon Metals keeps hitting high-grade nickel-copper mineralization at the CGO East area at Tamarack
The thick intercept was “unexpected” for the area, Talon said, as the surrounding holes that “patterned, sheet-like mineralization” that runs up to 5m thick. The intercept could potentially indicate a pool of sulphides, according to the company.
Other intersections from the CGO West area include 27.2m of nickel-copper mineralization starting at 135.25m and 9.3m of nickel-copper mineralization starting at 142.65m, including 1.85m of mixed massive nickel-copper mineralization at 150.1m.
"Intersecting almost 14 meters of massive sulphide in a zone that lies outside of our resource area is clearly a new discovery," said Etienne Dinel, head of geology at Talon.
Dinel told investors that the drill hole was expected to result in mineralization of one to three metres, but instead, it returned 13.88m.
“This new discovery confirms our exploration model of mineralization settling, draining, and pooling, and most notably, there is no reason to think that this does not occur elsewhere along the 18 km Tamarack Intrusive Complex. Given the shallow depths of this new discovery, our rigs should be able to delineate this area quickly and add it to a new resource estimate later this year."
Brian Goldner, Talon’s head of exploration, added: “Where there is smoke there is usually fire." The company plans to use geophysics to guide the next drill hole and on other zones along the 18km Tamarack Intrusive Complex.
“Looking at the high-grade "smoke" in these other zones, you can clearly see why the team is extremely excited to start work on these areas once we have finished expanding the current resource,” Goldner said.
Tamarack comprises 18km of strike length with numerous high-grade intercepts outside the current resource area.
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