Talon Metals (TSX: TLO) is reporting that it has discovered high-grade nickel-copper mineralization outside of the current resource area of the Tamarack Nickel-Copper-Cobalt Project, found in central Minnesota.
The discovery was made as a result of a large drill program conducted at the project, consisting of 116 drill holes. Of those holes, 20 were intended as exploratory holes, and 14 managed to intersect high-grade nickel-copper mineralization outside of the resource area.
Highlights from the results include:
- 22TK0421: 8.50 metres of 6.86% nickel, 2.07% copper
- 22TK0424: 10.49 metres of 6.22% nickel, 3.26% copper
- 22TK0425: 48.68 metres of 0.84% nickel, 0.48% copper
- 22TK0427: 0.65 metres of 4.45% nickel, 5.47% copper
- 22TK0431: 30.54 metres of 0.55% nickel, 0.31% copper
The results suggest up to a 75 metre extension of the CGO East mineralized envelope. It should also be noted that assays remain pending from 7 exploration holes from the 20 hole exploration program. Other holes conducted under the program were geotechnical holes intended to support engineering work for a future main and rail access.
“Fourteen of the twenty new exploration drill holes contained in today’s news release have produced new high-grade nickel-copper intercepts outside of the Tamarack Nickel Project’s resource. Today’s results yet again highlight the prospectivity for significant resource growth throughout the Tamarack Intrusive Complex,” commented Brian Goldner, Talon’s Chief Exploration Officer.
The Tamarack project currently has a resource estimate of 8.6 million indicated tonnes grading 1.73% nickel and 0.92% copper, along with 8.5 million inferred tonnes grading 0.83% nickel and 0.55% copper.
Talon Metals last traded at $0.225 on the TSX.
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