Talon Metals announces first assays for newly discovered pool of massive nickel-copper mineralization

The company does not think the pooling will be limited to the one area as it believes there is potential for more high-grade nickel-copper mineralization to come along the 18 kilometre Tamarack Intrusive Complex

Proactive Published 06/07/2021

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Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) has provided an update on its Tamarack nickel project in Minnesota, saying latest assay results are likely to positively impact the overall economics of the project even further.

The company said it is continuing to drill out the new pool of massive sulphides aggressively, with the goal of growing it in a meaningful way. It reiterated that it does not think the pooling will be limited to the one area as it believes there is potential for more high-grade nickel-copper mineralization to come along the 18 kilometre Tamarack Intrusive Complex.

READ: Talon Metals says it has extended nickel-copper mineralization to the north of current Tamarack resource area

The company reported assay results from drill hole 21TK0313 located outside of the projects resource area, in the area referred to as the CGO West area.

Notable assays from the drill hole include:

13.92 metres (m) of mixed and massive nickel-copper sulphide mineralization grading 5.54% Ni, 2.14% Cu (6.70% NiEq1 or 17.86% CuEq2) starting at only 225.44m;
Drill hole 21TK0313 represents the initial "discovery" hole in the CGO West area, which has resulted in the company identifying a 'pool' of massive sulphides;
Subsequent to this "discovery" hole, the company has reported 15 follow-up drill holes, all of which have continued to intersect nickel-copper sulphide mineralization; and
Importantly, the new CGO West area massive sulphide mineralization remains open in multiple directions.

"It is now clear that the new 'pool' of massive sulphides identified within the CGO West area is high-grade," Talon’s vice president of exploration Brian Goldner said in a statement.

"The fact that the mineralization sits shallow suggests that that we will be able to bring this into the mine plan early on, which will likely positively impact the overall economics of the Tamarack Nickel Project even further.”

The Tamarack Nickel Project comprises the Tamarack North Project and the Tamarack South Project including a large land position, with numerous high-grade intercepts outside the current resource area.

Contact the author at stephen.gunnion@proactiveinvestors.com