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Be the first with the news that moves the market- Talon Metals Corp (TSX:TLO) have revealed the initial results from their drilling program at the Tamarack North project
- Talon Metals intersected 5.73 metres of mixed massive sulphides outside their resource area
- Metals have been logged outside of the company’s resource area at the Tamarack North Nickel-Copper-Cobalt Project
- Drill holes were intended to determine the widening of the massive sulphide unit the company are assaying at the Tamarack site
- Talon Metals Corp (TLO) is trading down 5 per cent at $0.085 per share with a market cap of $42 million
Talon Metals Corp (TSX:TLO) have announced results of a drilling program at their Tamarack North project in Minnesota.
The company has intersected 5.73 meters of mixed massive sulphides but the results sit outside of their resource area.
Mixed massive sulphides are volcanic rock formations that contain high concentrations of copper, gold, zinc, silver and nickel.
The formations are smaller than the large copper crusts and manganese nodules that form huge long veins of mineralisation, but they do generally contain higher quantities of minerals.
The objective of the drilling program was to determine the widening of the massive sulphide unit the company were assaying.
Two borehole electromagnetic plates that deviated from the trend of the massive sulphide structure. Both drill targets lie outside of the company’s resource area.
CEO of Talon Henri Van Rooyen is pleased with the results.
“We are excited to report that we have intersected 5.73 metres of mixed massive sulphides outside of the company’s resource area.
“As previously discussed, one of the company’s goals is to grow the resource at the Tamarack Project,” he said.
Head of Exploration at Talon Brian Goldner stated the company’s directional drilling program showed they could cost-effectively target drill more mixed massive sulphides.
“Because of our effective use of geological and geophysical models as well as drilling methods, we anticipate that our drill program will be completed well under budget, leaving the company with additional cash resources,” he said.
Talon Metals Corp (TLO) is trading down 5 per cent at $0.085 per share at 3:00 pm EST.
