Talon Metals Corp. (TSX: TLO | OTC: TLOFF), the majority owner and operator of the Tamarack nickel-copper-cobalt project in Minnesota, US, reports hitting a new area of semi-massive nickel sulphide in a part of the Tamarack intrusive complex never before explored.
Talon CEO Henri van Rooyen commented, “This is just one more signal that there is more nickel in America. While we have started the process of permitting an underground mine in the Tamarack Resource Area, we are committed to continuing to search for more high-grade nickel deposits in Minnesota and Michigan.”
The new nickel mineralization was encountered at a shallow depth of approximately 296.3m in an area between what the company has recently dubbed Raptor’s Head and Raptor’s Crest within the newly named Raptor Zone.
Both the Raptor’s Head and the Raptor’s Crest areas contain high-grade massive nickel mineralization with grades up to 9.33% Ni and 9.95% Ni, however, the 1.5km distance between these zones has never been drilled. This maiden drill hole intersected 4.21m of nickel mineralization, with more assays pending.
Talon said that the mineralization is texturally similar to what is observed in the Tamarack resource area semi-massive sulphide unit (SMSU) located over 2km south of the drill hole.
Coarse grained SMSU has never been identified outside of the Tamarack resource area. This drill hole represents a 450m step-out from the nearest drill hole and provides room for exploration.
Talon is in a joint venture with Rio Tinto on the Tamarack project. Talon has an earn-in right to acquire up to 60% of the project, and currently owns 51%. Talon also has an agreement with Tesla Inc. to supply it with 165Mlbs of Ni in concentrate (and certain by-products, including cobalt and iron) from the Tamarack project over an estimated six-year period once commercial production is achieved.
For further information, please visit: www.talonmetals.com
