Company
TSE:TLO
Talon Metals Corp is a TSX-listed base metals company developing the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon has an earn-in to acquire up to 60% of the Tamarack Project, and currently owns 51% of the Tamarack Project. The Tamarack Project comprises a large land position (18km of strike length) with numerous high-grade intercepts outside the current resource area. Talon is focused on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade nickel mineralization; and developing responsible processing capabilities in the United States. Talon has a well-qualified exploration and mine management team with extensive experience in project development.
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The company said it intends to use the net proceeds from the offering for advancing work related to its planned exploration and development program at the Tamarack North Project in Minnesota
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The hole was a 25m step out into an undrilled area on the northern part of the current resource area
Tamarack is one of the only undeveloped nickel projects in the US and the latest study looked at the economics for three potential production scenarios
Drill hole 20TK0278 intersected 21.7m of mixed massive sulphide mineralization, starting at 459.7m, a new record at Tamarack
One drill hole intersected 8.4m at a grade of 8.2% nickel, 3% cobalt, 0.6 g/t palladium, 0.6 g/t platinum and 0.2 g/t gold
The junior company is planning an updated preliminary economic assessment and a major drill program, in addition to a potential US listing in the year to come
The company said the massive sulphide mineralization is “shallow” and is located outside its current resource area
The company intends to use the money for advancing work related to its planned exploration and development program at the Tamarack North Project in Minnesota as well as for general working capital purposes
It intends to use the net proceeds for4 advancing work related to its planned exploration and development program at the Tamarack North Project in Minnesota
The company announced an 8.39 meter intersect of high-grade massive sulphide mineralization starting from 414.73 meters at the Tamarack Nickel-Copper-Cobalt Project
In the three months to September 30, capitalized exploration costs and deferred expenditures for the site amounted to C$2.3 million
A new drill hole approximately 350 metres outside of Tamarack’s resource area in the CGO East area intersected shallow nickel mineralization that could add significant tonnage
Sean Werger, president of Talon commented: "The Tamarack Project is extremely well-positioned for the advancement of battery technology, particularly for those advancing EV technology seeking sustainable sources of nickel"
The new results are more than 300 metres away from the current resource at Tamarack in an area known as CGO East, where Talon expects to the massive sulphide unit to be wider
Talon has begun a hydrometallurgical flowsheet development with the goal of producing nickel sulphates in the US
The drilling will focus on prospective targets outside of the company’s resource area
The group is focused on producing nickel for the rapidly growing electric vehicles industry and is in a joint venture with mining titan Rio Tinto on the high-grade asset
Talon is focused on producing nickel responsibly for the electric vehicles industry
The company said it intends to use the net proceeds raised for advancing work related to its planned exploration and development program at the Tamarack North Project in Minnesota, and for general working capital purposes
