Talon Metals Discovers Thick Pool of Massive Nickel-Copper Mineralization Outside of the Resource Area: 13.88 Meters (45.5 Feet) Starting at Only 225 Meters
Talon Metals Discovers Thick Pool of Massive
Nickel-Copper Mineralization Outside of the
Resource Area: 13.88 Meters (45.5 Feet)
Starting at Only 225 Meters
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - May 19, 2021) - Talon Metals Corp. (TSX:
TLO) ("
Talon
" or the "
Company
") is pleased to provide an update on the Tamarack Nickel-Copper-
Cobalt Project ("
Tamarack Nickel Project
"), located in Minnesota, USA.
The Tamarack Nickel Project
comprises the Tamarack North Project and the Tamarack South Project.
Figure 1: 13.88 Meters (45.5 feet) of massive nickel-copper mineralization drilled outside of the
Tamarack Nickel Project's resource area (drill hole 21TK0313).
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2443/84469_1c6b3e5d9455e8b9_001full.jpg
HIGHLIGHTS
Talon has been rapidly drilling in a target area that starts approximately 100 meters north-north-
east of the Tamarack Nickel Project's resource area (i.e., outside of the resource area) and
extends for an additional 400 meters. The target area is referred to as "CGO West".
To date, with very limited drilling, the CGO West area has been characterized by 1 to 5 meter
intercepts
of massive nickel-copper mineralization, with up to 27 meters of disseminated
mineralization overlying the massive mineralization.
New drill hole 21TK0313 has intersected 13.88 meters (45.5 feet) of mixed massive nickel-
copper mineralization starting at a shallow depth of only 225 meters, with assays
pending.
This is the thickest intercept to date within the CGO West area;
This thick intercept was unexpected for this area, as the surrounding holes have patterned
sheet-like mineralization up to 5 meters thick;
This intercept could potentially indicate a pool of sulphides; and
As a follow-up, the Company is actively running geophysics to guide future drilling.
In addition to this new massive nickel-copper intercept, the Company has also successfully
intersected within the CGO West area:
27.2 meters (89.2 feet) meters of nickel-copper mineralization starting at only 135.25 meters,
assays pending (drill hole 21TK0298); and
9.3 meters (30.5 feet) meters of nickel-copper mineralization starting at only 142.65 meters,
including
1.85 meters (6.1 feet) of mixed massive nickel-copper mineralization at 150.1
meters
(drill hole 21TK0299), assays pending.
The results from these holes, coupled with mineralization from the previously reported holes
nearby, indicate that mineralization is extensive in the CGO West area and may have a similar
geometry to the CGO East area.
"Intersecting almost 14 meters of massive sulphide in a zone that lies outside of our resource area is
clearly a new discovery,"
said, Dr. Etienne Dinel, Head of Geology.
"Drill hole 21TK0313 was expected
to result in mineralization of 1-3 meters, similar to the sheet-like patterns we have seen in nearby
holes and in the CGO East area, but instead we hit 13.88 meters. This new discovery confirms our
exploration model of mineralization settling, draining, and pooling, and most notably, there is no
reason to think that this does not occur elsewhere along the 18 km Tamarack Intrusive Complex.
Given the shallow depths of this new discovery, our rigs shoud be able to delineate this area quickly
and add it to a new resource estimate later this year."
"Where there is smoke there is usually fire,"
said Brian Goldner, Head of Exploration.
"Once we identify
massive sulphides, regardless of their thickness, we can then use BHEM (geophysics) to guide the
next drill hole, which is ultimately what put us onto the 13.88 meter intercept in drill hole 21TK0313
announced today. This exploration method will be applied to other zones along the 18 km Tamarack
Intrusive Complex, including the 221 Zone, the 264 Zone, and the 164 Zone to evaluate for thicker
accumulations of sulphides.
Looking at the high-grade "smoke" in these other zones (see Figure 3
below), you can clearly see why the team is extremely excited to start work on these areas once we
have finished expanding the current resource.
"
SUMMARY
The CGO West exploration area lies approximately 100 meters north-north-east of the Tamarack Nickel
Project's resource area and extends for an additional 400 meters where past drilling showed the
presence of nickel-copper mineralization. Talon has previously reported three holes that intersected
massive nickel-copper mineralization (see press release dated April 7, 2021 for details) and now, with
the completion of new drill holes 21TK0313, 21TK0298 and 21TK0299,
Talon has drilled a total of six
new holes in this area that have each intersected nickel-copper mineralization
.
Drill hole 21TK0313 was a 30 meter step-out from hole 21TK0285, which intersected 27.45 meters
(90.1 feet) of sulphide mineralization grading 0.75% Ni, 0.41% Cu (0.98% NiEq
1
or 2.63% CuEq
2
)
starting at 168.2 meters, including 1.75 meters (5.7 feet) of massive sulphide grading 4.81% Ni, 1.88%
Cu (5.89% NiEq or 15.72% CuEq) starting at only 193.9 meters.
The drill hole was targeted with an off-
hole Borehole Electro-Magnetic (
"BHEM"
) anomaly (see Figure 2 for details).
Drill hole 21TK0313 was targeting a down plunge extension to this BHEM anomaly and intersected
13.88 meters (45.5 feet) of mixed and massive nickel-copper mineralization starting at only 225.44
meters depth.
This thick intercept was unexpected for this area, as the surrounding holes have patterned the
sheet-like mineralization found in the CGO East area.
The mineralization in drill holes 21TK0298 and 21TK0299 correspond to off-hole Electro-Magnetic
(geophysical) anomalies that were generated from historic drill holes 13TK0166 and 13TK0169.
Drill hole 21TK0298 intersected 27.2 meters (89.2 feet) of nickel-copper mineralization beginning
from 135.25 meters, and contains variable amounts of disseminated sulphide.
Assays pending.
21TK0299 intersected 9.3 meters (30.5 feet) of nickel-copper mineralization starting at only
142.65 meters, including 1.85 meters (6.1 feet) of mixed massive sulphide from 150.1 meters to
151.95 meters.
Assays pending.
These results begin to show that the CGO West area is similar in geometry to the CGO East area and
have not only extended the mineralization, but also linked it throughout the northwestern portion of the
CGO West area.
The 13.88 meter intercept suggests that these sheets of mineralization are able to pool
and collect into larger mineralized bodies, which reinforces the hypothesis that thin massive sulphide
intercepts can turn into very thick intervals over a short distance.
The new massive sulphide intercepts from drill hole 21TK0313 further illustrate the potential exploration
upside that exists at the Tamarack Project.
To this end, the greater Tamarack Intrusive Complex already
has multiple areas with massive sulphide intercepts, as shown in Figure 3.
These three areas are
already showing incredible grade with: drill hole 15TK0229 having intersected 1.63 meters grading
9.33% Ni, 5.14% Cu, starting at 702 meters (221 Zone); drill hole 18TK0264 having intersected 0.25
meters grading 9.95% Ni, 5.74% Cu, starting at 539 meters (264 Zone); and drill hole 12TK0164 having
intersected 2.89 meters grading 3.67% Ni, 1.97% Cu (164 Zone). These areas have been largely
underexplored and present a great opportunity to explore for thick deposits of massive sulphides.
Figure 2. Plan View map of the northern portion of the Tamarack Nickel Project's resource
area, including the CGO East and the CGO West target areas. Drilling so far suggests that the
mineralization in the CGO East and CGO West target areas is similar.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2443/84469_1c6b3e5d9455e8b9_002full.jpg
Figure 3: Plan view of the Tamarack Intrusive Complex highlighting additional areas with
massive nickel-copper mineralization.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2443/84469_1c6b3e5d9455e8b9_003full.jpg
QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS
Please see the technical report entitled "NI 43-101 Technical Report Updated Preliminary Economic
Assessment (PEA) #3 of the Tamarack North Project - Tamarack, Minnesota" with an effective date of
January 8, 2021 prepared by independent "Qualified Persons" (as that term is defined in National
Instrument 43-101 (
"NI 43-101"
) Leslie Correia (Pr. Eng),
Andre-Francois Gravel (P. Eng.), Tim Fletcher
(P. Eng.), Daniel Gagnon (P. Eng.), David Ritchie (P. Eng.), Oliver Peters (P. Eng.), Volodymyr
Liskovych (P.Eng.), Andrea Martin (P. E.) 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
Talon Metals Corp.
Tel: (416) 361-9636 x102
Email:
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, grades, geophysical results and drilling plans;
the potential for a pool of sulphides in the CGO West area; the potential for extended mineralization and
a new resource estimate later this year; and the indication that the CGO West area may have similar
geology to the CGO East area. 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: Quick Lithology Log for Drill Holes 21TK0298, 21TK0299 and 21TK0313
HOLEID
FROM (m)
To (m)
length
Quik Log
% Sulphides
21TK0298
0
73.9
OB
73.9
144.4
FGO/MZNO
tr-2%
144.4
171.6
27.2
FGO/MZNO
4-5%
171.6
203.3
SED
21TK0299
0
60.66
OB
25%
60.66
142.65
FGO/MZNO
tr-3%
142.65
150.1
7.45
FGO/MZNO
5-15%
150.1
151.95
1.85
MMS/MSU
25%
151.95
182.27
SED
21TK0313
0
52.97
OB
52.97
210.07
FGO/MZNO
tr
210.07
225.44
15.37
CGO
tr-4%
225.44
239.32
13.88
MSU
35-100%
239.32
267.31
SED
Table 2: Assay Results of CGO West Drill Holes Discussed in this Press Release
Drill Hole
From
To
Length
Results
#
(m)
(m)
(m)
Ni (%)
Cu (%)
Co (%)
Pd (g/t)
Pt (g/t)
Au (g/t)
NiEq (%)
CuEq (%)
12TK0164
473.43
476.32
2.89
3.67
1.97
0.08
0.11
0.12
0.1
4.59
12.25
15TK0229
700.83
703.67
2.84
7.68
4.59
0.15
1.09
1.33
0.53
10.2
27.2
including
702.04
703.67
1.63
9.33
5.14
0.18
1.35
2.29
0.71
12.4
33.07
18TK0264
539.04
539.29
0.25
9.95
5.74
0.16
1.66
0.8
0.32
12.82
34.19
13TK0166
129.5
141.5
12.00
0.62
0.41
0.02
0.04
0.06
0.05
0.84
2.24
and
161.86
163.46
1.60
1.67
1.51
0.04
0.22
0.46
0.20
2.49
6.63
13TK0169
121
122.78
1.78
1.03
0.48
0.03
0.11
0.15
0.04
1.32
3.52
and
125.5
128.17
2.67
0.62
0.54
0.02
0.11
0.17
0.12
0.94
2.50
21TK0298
Assays pending
21TK0299
21TK0313
Length refers to drill hole length and not True Width.
True Width is unknown at the time of publication.
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).
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
CuEq% = Cu%+ Ni% x $8.00/$3.00 + Co% x $12.00/$3.00 + Pt [g/t]/31.103 x $1,300/$3.00/22.04 + Pd [g/t]/31.103 x $700/$3.00/22.04 + Au
[g/t]/31.103 x $1,200/$3.00/22.04
No adjustments were made for recovery or payability.
Table 3: Collar Locations of CGO West Area Drill Holes Mentioned in this Press Release
HOLEID
Easting (m)
Northing (m)
Elevation (masl)
Azm
Dip
End Depth (m)
21TK0298
491113.6
5169254.2
388.0
241.9
-72.4
203.3
21TK0299
491108.8
5169252.7
388.0
0.5
-65.9
187.3
21TK0313
491067.0
5169034.0
388.0
317.9
-56.0
267.3
12TK0164
490973.3
5167136.3
386.7
350.0
-78.9
587.4
13TK0166
491100.4
5169249.4
388.8
266.4
-89.9
414.0
13TK0169
491099.5
5169354.5
388.6
151.0
-89.9
164.3
15TK0229
491918.8
5170221.8
388.6
325.9
-89.7
807.7
18TK0264
490577.8
5171725.7
384.1
21.4
-89.8
581.0
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from survey record at collar unless otherwise noted.
____________________
1
Where used in this news 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
2
Where used in this news release: CuEq% = Cu%+ Ni% x $8.00/$3.00 + Co% x $12.00/$3.00 + Pt [g/t]/31.103 x $1,300/$3.00/22.04 + Pd [g/t]/31.103
x $700/$3.00/22.04 + Au [g/t]/31.103 x $1,200/$3.00/22.0
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