Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Talon Metals (TSX:TLO) has identified new geophysical anomalies at its Tamarack project, potentially indicating nickel-copper mineralisation
  • As part of a 2020 winter drill program, the company conducted a surface electro-magnetic geophysical survey at the site
  • The results of the survey indicated a long linear target at a depth of between 400 and 500 metres, which is consistent with high-grade mineralisation
  • It’s now thought that a larger resource might exist within the region, which has currently seen limited drilling
  • Talon Metals (TLO) is currently up 4.76 per cent and is trading at C$0.11 per share, with a market cap of $54.38 million

Talon Metals (TSX:TLO) has identified new geophysical anomalies at its Tamarack project, potentially indicating nickel-copper mineralisation.

The Tamarack nickel-copper-cobalt project, located in Minnesota, USA, is comprised of the Tamarack North and Tamarack South projects.

A surface electro-magnetic geophysical survey was conducted over the region in December last year, including the 164 Zone, which sits one kilometre south of Talon’s current resource area.

The company’s objective was to calibrate the survey to the known mineralization within this resource area and determine whether similar conductors exist further south.

The results indicated a long linear conductive anomaly stretching from the resource area to the massive sulphide intercepts within the 164 Zone.

As such, it’s now thought that a much larger resource may exist within the region, which, to date, has seen limited drilling activities.

Henri van Rooyen, CEO of Talon Metals, said that the geophysical survey results could represent a turning point in exploration efforts at Tamarack.

“It therefore follows that we can now cost-effectively and rapidly expand our search radius to explore areas in the vicinity of similar high-grade nickel intercepts with the goal of discovering entirely new massive sulphide bodies,” he said.

Brian Bengert, Geophysicist at Talon Metals, also commented on the results, noting that the company’s team had always hoped that a surface electro-magnetic survey would be able to identify mineralisation at Tamarack.

“As part of the next program, we plan to expand the Surface EM survey north of the resource area, where other high-grade nickel has already been intercepted.

“The success of Surface EM at the Tamarack Project is an exciting development, and the company will make it a high priority to test these targets during its next drill program,” he said.

Talon Metals (TLO) is currently up 4.76 per cent and is trading at C$0.11 per share at 2:24pm EDT.

More From The Market Herald

" Fortuna (TSX:FVI) reports production increase

Fortuna Silver Mines (FVI) has reported solid production results for its third fiscal quarter from its four operating mines in the Americas and

" Sanu Gold (CSE:SANU) begins trading on the OTCQB

Common shares of Sanu Gold Corporation (SANU) have begun trading on the OTCQB under the symbol SNGCF.

" First Tellurium (CSE:FTEL) conducts channel sampling on multiple copper targets at Deer Horn

First Tellurium (FTEL) has conducted channel sampling on multiple copper targets at Deer Horn Property in British Columbia.

" Westhaven Gold (TSXV:WHN) completes sale of royalties and private placement with Franco-Nevada (TSX:FNV)

Westhaven Gold Corp. (WHN) has completed the royalty sales and private placement.