Talon Drilling Update: 10.54 Meter (34.6 Feet) Intercept of Wide Mixed Massive Sulphides Logged at the Tamarack Project
Talon Drilling Update: 10.54 Meter (34.6 Feet) Intercept of
Wide Mixed Massive Sulphides Logged at the Tamarack
Project
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - March 16, 2020) -
Talon Metals Corp. (TSX: TLO) (
"Talon"
or the
"Company"
) is pleased to announce that 10.54 meters (34.6 feet) of Mixed Massive Sulphides (
"MMS"
) have been logged at
the Tamarack Nickel-Copper-Cobalt project (
"Tamarack Project"
), located in Minnesota, USA:
Highlights:
10.54 meters (34.6 feet) of MMS have been logged in new drill hole 16TK0233E starting at 513.96
meters (see Figure 1).
FIGURE 1: DRILL CORE FROM DRILL HOLE 16TK0233E: PHOTO FROM 513.96 TO 523.66 METERS
To view an enhanced version of
Figure
1, please visit:
https://orders.newsfilecorp.com/files/2443/53460_89e17b36a41c590e_002full.jpg
“We have logged 10.54 meters (34.6 feet) of Mixed Massive Sulphides in drill hole 16TK0233E, which is wider than
previously modelled,” said Henri van Rooyen, CEO of Talon. “The drill hole was planned by using a combination of
downhole electromagnetic models, magneto-metric resistivity models and oriented core from drill 16TK0233B. The target
was then successfully intercepted by using directional drilling.”
Drill Holes: Objectives, Design and Results
As part of the winter 2020 exploration program, the Company initially drilled hole 16TK0233B. The objective of this hole was to
investigate an area between previous drill holes 16TK0233A and 16TK0246, which represents a 50 meter stretch where there
has been no previous drilling (see Figure 2).
Drill hole 16TK0233A previously intersected 9 meters of MMS from 508 meters grading 4.94% Ni, 2.08% Cu, 1.00 g/t PGE's
and 0.24 g/t Au (6.12% NiEq
[1]
) (see press release dated September 2, 2016), and drill hole 16TK0246 previously intersected
4.36 meters of MMS grading 5.13% Ni, 2.12% Cu, 1.17 g/t PGE's and 0.29 g/t Au from 529 meters (6.39% NiEq) (see press
release dated November 21, 2016).
Drill hole 16TK0233B was designed to intercept the MMS hosted by the sediment wedge which is a hornfelsed meta-
sedimentary unit sandwiched between the Fine Grained Orthocumulate/Mixed Zone ("
FGO/MZNO
") and Coarse Grained
Orthocumulate ("
CGO
").
The location within this sediment wedge is an important factor when targeting the MSU: too close to the
junction between the FGO/CGO, the sediment wedge is thin and thermally recrystallized with little to no room for MSU; and too
far away from the FGO/CGO contact and there isn't enough heat in the system to facilitate MSU emplacement.
Drill hole 16TK0233B intersected 20cm of MMS in a strongly partially melted metasediment, which was interpreted as an
indication that the drill hole was too close to the FGO/CGO contact.
Borehole electromagnetic ("
BHEM
") data was then
collected and new BHEM plates were modeled. A Magnetometric-Resistivity ("
MMR
") survey between previous drill holes
12TK0158 and 20TK0265 was then conducted.
The core from drill hole 16TK0233B was orientated to determine if the southern
or northern edge of the high-grade Massive Sulphide Unit (
"MSU"
) was intercepted.
All methods indicated that the MSU was
located to the north of drill hole 16TK0233B (see Figure 2).
Figure 2:
PLAN VIEW OF THE SOUTHERN PORTION OF THE HIGH-GRADE MSU WITHIN THE TAMARACK ZONE
BELOW THE 138 ZONE. THE MAP SHOWS THE LOCATION OF DRILL HOLES 16TK0233E AND 16TKO233B WITH
REPSECT TO THE HIGH-GRADE MSU BHEM ANOMALY AND MMR INTERPRETATION.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2443/53460_89e17b36a41c590e_003full.jpg
Based on the consistent results from the 3 methodologies, which all suggested that the MSU was to the north of drill hole
16TK0233B, follow-up drill hole 16TK0233E successfully intersected 10.54 meters (34.6 feet) of MMS. These results increase
the confidence in the resource, and potentially expand the high-grade MSU within this area (see Figure 3).
FIGURE 3: SECTION LOOKING SOUTH-SOUTHWEST BELOW THE 138 ZONE. THE SECTIONS SHOW THE
ELEVATION OF THE HIGH-GRADE MASSIVE SULPHIDE UNIT (MSU) WITH RESPECT TO DRILL HOLE 16TK0233E
AND 16TK0233B NEW MMS INTERVAL.
To view an enhanced version of
Figure
3, please visit:
https://orders.newsfilecorp.com/files/2443/53460_89e17b36a41c590e_004full.jpg
The Company looks forward to providing results from assays and geophysical data processing and interpretation when these
become available.
Coronavirus
The Company takes COVID-19 extremely seriously, and to this end, has already implemented relevant health and safety policies
at the Tamarack Project.
To date, the Company's operations (including its drilling program) have not been impacted by COVID-
19.
The Company will continue to monitor matters closely, and will provide periodic updates to the market as need be.
Quality Assurance, Quality Control and Qualified Persons
Please see the technical report entitled "NI 43-101 Technical Report Preliminary Economic Assessment (PEA) of the Tamarack
North Project - Tamarack, Minnesota" with an effective date of December 14, 2018 prepared by independent "Qualified
Persons" (as that term is defined in National Instrument 43-101 (
"NI 43-101"
) Leslie Correia (Pr. Eng), Silvia Del Carpio (P.
Eng.) Tim Fletcher (P. Eng.), Daniel Gagnon (P. Eng.), Kebreab Habte (P. Eng.), Oliver Peters (P. Eng.), Tom Radue (P. Eng.),
and Brian Thomas (P. Geo.) for information on the QA/QC, analytical and testing procedures at the Tamarack Project. Copies
are available on the Company's website (
www.talonmetals.com
) or on SEDAR at (
www.sedar.com
).
The laboratory used is ALS
Minerals who is independent of the Company.
Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently calculated for comparison
purposes between holes because of the irregular shapes of the mineralized zones. Drill intersections have been independently
selected by Talon. Drill composites have been independently calculated by Talon. The geological interpretations in this news
release are solely those of the Company.
The locations and distances highlighted on all maps in this news release are approximate.
Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-101. Dr. Dinel is satisfied
that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has
reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test
data underlying the technical information.
About Talon
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt
Project located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project. Talon has an
earn-in to acquire up to 60% of the Tamarack Project. The Tamarack Project comprises a large land position (18km of strike
length) with numerous high-grade intercepts outside the current resource area. Talon is focused on expanding its current high-
grade nickel mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade nickel
mineralization; and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles
industry. Talon has a well-qualified exploration and mine management team with extensive experience in project management.
For additional information on Talon, please visit the Company's website at
www.talonmetals.com
or contact:
Sean Werger, President
Email:
Telephone: 416-361-9636
Forward-Looking Statements
This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that
address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are
forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based
on information currently available to the Company. Such forward-looking statements include statements relating to the timing and
results of the exploration program, including assay results, geophysical data processing and interpretation and the ability to
extend the MSU at the Tamarack Project, and statements relating to the impact of the coronavirus.
Forward-looking statements
are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from
those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there
can be no assurance that they will have the expected consequences to, or effects on the Company.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of
new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and
accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Table 1: Collar Locations for Drill Holes Mentioned in Press Release
HOLE ID
Easting (m)
Northing (m)
Elevation
(masl)
Wedge
depth (m)
Azm
Dip
End Depth
(m)
16TK0233A
490914
5168369
388.40
583.34
16TK0233B
490914
5168369
388.40
339.4
551.08
16TK0233E
490914
5168369
388.40
294.7
562.36
12TK0153
490982
5168405
388.36
161.1
-82.3
683.67
12TK0153A
490982
5168405
388.36
320.0
174.5
-81.8
614.00
16TK0234
490949
5168389
388.44
180.6
-85.1
696.77
20TK0265
490949
5168389
388.44
174.0
-82.6
584.00
16TK0246
490880.3
5168291.4
388.7
10.4
-81.0
611.4
12TK0158
490849
5168418
388.27
58.3
-89.2
594.66
13TK0171
491049
5168348
388.73
157.4
-89.8
641.91
Collar coordinates are UTM Zone 15N, NAD83.
Azimuth and Dip are downhole survey averages for the hole.
For daughter holes; collar coordinates and elevations are same as mother hole; approximate wedge depth given; azimith and
dip are the survey averages below the wedge.
[1]
Where used un this press release NiEq% = Ni%+ Cu% x $3.00/$8.00 + Co% x $12.00/$8.00 + Pt [g/t]/31.103 x
$1,300/$8.00/22.04 + Pd [g/t]/31.103 x $700/$8.00/22.04 + Au [g/t]/31.103 x $1,200/$8.00/22.04
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/53460