- Talon Metals Corp. (TSX:TLO) has announced an update on its Tamarack nickel-copper-cobalt project
- Results include assay results from drill hole 21TK0313 located just outside of the Tamarack Nickel Project’s resource area, in a region known as the CGO West area.
- This hole represents the initial discovery hole in the CGO West area which has led the company in discovering a pool of massive sulphides
- Prior to the discovery hole, Talon Metals reported 15 follow-up drill holes which all have intersected nickel-copper sulphide mineralization
- Shares of Talon Metals are up 7.84 per cent to C$0.55 as of 1:56 p.m. EDT
Talon Metals Corp. (TLO) has announced an update from its Tamarack nickel-copper-cobalt project located in the state of Minnesota.
The Tamarack Project is made up of the Tamarack North Project and the Tamarack South Project.
According to the release, assay results came from drill hole 21TK0313, located just outside the Tamarack Nickel Project resource area and near the CGO West area.
Notable results included just under 14 metres of mixed and massive nicker-copper sulphide mineralization, grading 5.54 per cent nickel, 2.14 per cent copper starting at only 225.44 metres.
The drill hole also represents the initial discovery hole in the CGO West area, which led to the company identifying a pool of massive sulphides.
The successful drilling program in the CGO West region is in part attributed to the company’s refinement of the Bore Hole Electromagnetic surveying geophysical technique. This can detect accumulations of conductive sulphide mineralization beyond just a drill hole.
“It is now clear that the new ‘pool’ of massive sulphides identified within the CGO West area is high-grade” Brian Goldner, vice president of exploration at Talon Metals, said in a release.
“The fact that the mineralization sits shallow suggests 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. We are continuing to drill out this new ‘pool’ of massive sulphides aggressively, with the goal of growing it in a meaningful way, and look forward to providing further results in the near future.”
Prior to the discovery hole, Talon Metals reported 15 follow-up drill holes, all of which continue to intersect nickel-copper sulphide mineralization. Additionally, the CGO West area massive sulphide mineralization is open in multiple directions.
Shares of Talon Metals are up 7.84 per cent to C$0.55 as of 1:56 p.m. EDT.
