Talon Metals Announces Initial NI 43-101 Technical Report for the Tamarack South Project The drilling at the Tamarack South Project has shown that the magmatic layering of the FGO (Fine Grain Olivine) intrusive ( original sulphi
Talon Metals Announces Initial NI 43-101 Technical
Report for the Tamarack South Project
The drilling at
the
Tamarack South
Project
has shown
that the magmatic layering of the FGO
(Fine Grain
Olivine) intrusive (
original sulphi
de bearing peridotite)
is consistent with the magmatic layering at the Tamarack
North Project.
Massive sulphide intersections proximal to the FGO footwall contact, similar to
the
Tamarack North
Project
,
have been encountered in three
of
seven
drill holes spaced 300
m
and
200 m
apart
within the Neck Zone
(see
Figure 3)
.
Five
of seven
holes within the Neck Zone have shown between 15.2 m and up to 520.8 m of trace to blebby
sulphides within the
FGO
intrusive
(see Figure 3)
.
Only l
imited drilling
(27 holes)
ha
s
been completed
over a 7,400 acre (30 km
2
)
area
comprising the
Tamarack South Project
.
"
With respect to the Tamarack South Project
,
t
he
zone of entry of the FGO into the Bowl becomes highly
prospective for sul
ph
ides that have settled out
o
f the FGO magma as its rate of intrusion likely
slowed on entering
into the wider chamber. The Eastern Deeps ore body at
Voisey's
Bay occurs
precisely along the zone within
whic
h
a feeder dyke enters the upper chamber
,"
said Dr. Anthony J. Naldrett
[1]
, University Professor Emeritus, University
of Toronto and author of the book Magmatic Sulphide Deposits, Geology, Geochemistry and Exploration.
Road Town, British Virgin Islands--(Newsfile Corp. - November 29, 2018) - Talon Metals Corp.
(TSX:TLO) ("
Talon
" or the
"
Company
") is pleased to announce the results of the National Instrument 43-101 technical report (the "
Technical Report
"
) in
respect to the Tamarack South Nickel-Copper-Cobalt (the "
Tamarack
South
Project
") located in Minnesota, USA.
Tamarack South Technical Report Summary
Located within Aitkin and Carlton Counties, Minnesota, USA (see Figure 1) the Tamarack South Project represents the southern
part of the extensive Tamarack Intrusive Complex (the "
TIC
"), an ultramafic to mafic intrusive complex that hosts Ni-Cu sulphide
mineralization with associated Co, Pt, Pd (PGEs) and Au (see Figure 2). The Tamarack South Project contains extensive
portions of the TIC intrusion, however, to date, most of the exploration and activity has been focused and reported for the
Tamarack North Project. The limited drilling that has been conducted has demonstrated the future potential at the Tamarack
South Project.
Figure
1
: Location of Tamarack South Project
(
Talon, 20
18)
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2443/41360_3c74ba2564833928_002full.jpg
The geometry of the TIC, as outlined by a well-defined aeromagnetic anomaly, consists of a curved, elongated intrusion striking
NS to SE over 18 km and is related to the early evolution of the approximately 1.1 Ga Midcontinent Rift (MCR).
To date, exploration by Kennecott Exploration Company (
"
Kennecott
"
) has included a wide range of geophysical surveys
including:
airborne magnetic and electromagnetic (EM-MEGATEM and AeroTEM), ground magnetic, surface EM and MT, IP,
gravity, seismic, MALM and DHEM. Kennecott has conducted limited reconnaissance style drilling at the Tamarack South
Project since 2002. This drilling is comprised of 27 diamond drill holes totalling 17,314 m with drill holes between 97.5 m and
over 1,230 m depth. The Tamarack South Project has been divided into the Neck and Bowl Zones, reflecting analogous shapes
of the intrusive geology (see Figure 2).
The Tamarack South Project drill hole geochemical data indicates that the FGO intrusive is consistent with the mineral bearing
FGO found within the Tamarack North Project. As well, the magmatic layering found in the Tamarack North Project appears to
continue into the Tamarack South Project (see Figure 2). Limited exploration drilling in the Bowl portion of the intrusion has also
confirmed the presence of Norite and Dunite layering.
Figure
2
: Geology of Tamarack Intrusive Complex (Tamarack South
Project P
ortion)
based on Geologic logs
and 3d Inversion of Gravity and Mag data
(Talon, 2018)
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2443/41360_3c74ba2564833928_003full.jpg
Figure
3
: Section looking
North
-
East
summari
z
ing drill hole results in the Neck Zone
.
(
modified from
Talon Press Release
dated
Dec 13, 2016)
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2443/41360_3c74ba2564833928_004full.jpg
Currently, at the Tamarack South Project there are two prospective exploration areas at:
1)
The Neck Zone, which has demonstrated widespread, anomalous, low grade Ni-Cu-Co sulphide mineralization at
depth and also provided
three massive sulphide intersections within the lower FGO layers (see Figure 3) (See
Annex A for drill intercept details). Evidently, a result of the winnowing out of droplets of dense sulphide liquid from an
overlying flow of sulphide-bearing silicate magma, the conceptual analogous model would be typical of a Norilsk
style deposit (i.e. Talnakh).
2)
The drill results from the Neck Zone have also established that the FGO plunges to the south and potentially
underlies the Bowl as a possible feeder (see Figure 2). This
presents the potential for future exploration targeting
based on Talon's current conceptual model proposed by Professor Naldrett (see Figure 4) and analogous to his
previous work at Voisey's Bay (Eastern Deeps) (see Figure 5).
Figure
4
:
Prospective Mineralization Zones in the
FGO
Neck
-
Bowl
Geologic Model
(Modified from Naldrett 2014)
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/2443/41360_3c74ba2564833928_005full.jpg
Figure
5
: Schematic demonstrating
Voisey's
Bay Eastern Deeps Depositional Model (from Naldrett
, 2004
)
To view an enhanced version Figure 5, please visit:
https://orders.newsfilecorp.com/files/2443/41360_3c74ba2564833928_006full.jpg
Next Steps
The Tamarack South Project, given its size and favourable geologic environment, has the potential for hosting Ni-Cu-Co
massive sulphide deposit(s).
Talon intends to further investigate these prospective areas using ground geophysics as a means
of leveraging low cost high value targeting information prior to any drilling program.
Quality Assurance, Quality Control and Qualified Persons
The Tamarack South Project has a consistent QA/QC program of analysing duplicates of pulps, coarse rejects, and core, as well
as the routine insertion of quality control reference standards and blanks.
The Technical Report and the technical information contained in this press release was prepared by or under the supervision of
Mr. James McDonald (B.Sc, P.Geo,) who is the Vice President, Resource Geology at Talon.
Mr. McDonald is a "Qualified
Person" pursuant to NI 43-101. Mr. McDonald has visited the site, reviewed the drilling, logging, and sampling and is satisfied
that the analytical and testing procedures used are standard industry operating procedures and methodologies
The Technical report entitled "First Technical Report on the Tamarack South Project" will be available under the company's
profile at
www.sedar.com
and on the company's website at
www.talonmetals.com
within 45 days of the publication date of this
press release.
Drill intersections have been individually selected by Talon. Drill composites have been calculated by Talon. The geological
interpretations in this news release are solely those of the Company
About Talon
Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel-Copper-Cobalt Project in
Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project). The Company 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
Talon Metals Corp.
Tel: (416) 361-9636 x102
Email:
[1]
Dr. Anthony J. Naldrett is a Talon Metals Corp. Board Member
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, among other things, statements
relating to the Tamarack South Project with respect to potential deposit types, similarities to the Tamarack North Project,
analogies to other projects such as Norilsk (Talnakh) and Voisey's Bay (Eastern Deeps), the future exploration potential of the
Tamarack South Project, including to potentially host Ni-Cu-Co sulphide deposits,
the form and extent of any mineralization,
targets, goals, objectives and plans, including plans for follow-up exploration work and the timing thereof at the Tamarack South
Project. 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. Factors that could cause actual results or events to differ materially from current expectations include, but are not
limited to: failure to establish estimated mineral resources, the grade, quality and recovery of mineral resources varying from
estimates, the uncertainties involved in interpreting drilling results and other geological data, inaccurate geological and
metallurgical assumptions (including with respect to the size, grade and recoverability) uncertainties relating to the financing
needed to further explore and develop the properties.
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.
Annex 1
Table 1: Collar Locations for Drill Holes in Neck Zone
HOLE ID
Easting
(m)
Northing
(m)
Elevation
(masl)
Wedge depth
(m)
Azm
Dip
End Depth
15TK0218
492028.0
5164542.1
388.4
127.5
-86.2
1134.0
15TK0218A
492028.0
5164542.1
388.4
495.0
184.7
-78.0
1195.7
15TK0218B
492028.0
5164542.1
388.4
705.0
174.9
-75.6
959.5
15TK0218C
492028.0
5164542.1
388.4
800.0
172.0
-76.2
1230.5
16TK0236
491856.4
5164785.3
388.0
178.3
-83.7
1216.8
16TK0236A
491856.4
5164785.3
388.0
486.0
174.4
-75.6
1236.0
16TK0240
491614.0
5164531.0
388.0
40.0
-80.0
1080.0
Collar coordinates are UTM Zone 15N, NAD83.
Azimith 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.
Table
2
:
Assay Results for Drill Holes in Neck Zone
ZONE
BHID
Host Min
FROM (m)
To
(m)
LENGTH
(m)
%
Ni
%
Cu
%
Co
Pt
g/t
Pd
g/t
Au
g/t
Neck
15TK0218
FGO
NSM
NSM
NSM
NSM
NSM
NSM
15TK0218A
FGO
1095.34
1127.00
31.66
0.46
0.19
0.02
0.27
0.17
0.11
including
FGO
1095.34
1096.33
0.99
0.73
0.19
0.02
0.33
0.19
0.11
including
FGO
1115.50
1123.49
7.99
0.70
0.33
0.02
0.38
0.25
0.18
15TK0218B
NSM
NSM
NSM
NSM
NSM
NSM
15TK0218C
FGO
1121.25
1121.75
0.50
3.70
1.51
0.07
0.49
0.62
0.11
16TK0236
FGO-
METASED
1039.50
1042.28
2.78
1.04
0.80
0.01
0.56
0.38
0.42
16TK0236
METASED
1044.45
1045.55
1.10
2.55
4.32
0.04
2.72
0.87
0.82
16TK0236
METASED
1053.85
1054.73
0.88
2.47
2.19
0.02
2.34
1.43
0.64
16TK0236A
FGO
958.00
987.00
29.00
0.35
0.14
0.02
0.08
0.05
0.04
16TK0236A
METASED
1037.00
1038.00
1.00
0.65
0.39
0.02
0.03
0.02
0.02
16TK0240
MI
919.63
919.93
0.3
2.11
0.73
0.07
0.0818
0.05
0.03
Length: refers to borehole length and not True Width. True Width is unknown at the time of Publication.
NSM: No Significant Mineralization
All samples were analysed by ALS Minerals. Nickel, copper, and cobalt grades were first analysed by a 4 acid digestion and
ICP AES (ME-MS61).Grades reporting greater than 0.25% Ni and/or 0.1% Cu, using ME-MS61, trigger a sodium peroxide
fusion with ICP-AES finish (ICP81). Platinum, palladium and gold are initially analyzed by a 50g fire assay with an ICP-MS
finish (PGM-MS24). Any samples reporting >1g/t Pt or Pd trigger an over-limit analysis by ICP-AES finish (PGM-ICP27) and
any samples reporting >1g/t Au trigger an over-limit analysis by AAS (Au-AA26).