Talon Metals Identifies High Conductance Borehole Electromagnetic Anomaly at the Tamarack Project
Talon Metals Identifies High Conductance Borehole
Electromagnetic Anomaly at the Tamarack Project
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - September 10, 2019) - Talon Metals Corp. (TSX: TLO) (
"Talon"
or
the
"Company"
) is pleased to provide an update on the Tamarack Nickel-Copper-Cobalt project (
"Tamarack Project"
),
located in Minnesota, USA.
The Tamarack Project comprises the Tamarack North Project and the Tamarack South Project.
"In the ongoing process of defining and prioritizing exploration targets, the Company has interpreted the Borehole Electro-
Magnetic (BHEM) data from drill holes 15TK0220 and 15TK0220A in the Tamarack Zone (see Figure 1 and Table 1 below),"
said Henri van Rooyen, CEO of Talon
.
"
The data suggests that additional drilling of the modeled Massive Sulphide Unit
(MSU) should be considered to the west of these two drill holes with the objective of potentially expanding the conceptual
mine plan.
We are continuing our work of identifying and prioritizing exploration targets for the next drill program at the
Tamarack North Project."
Figure 1
: Map in plan view of the geology of the Tamarack Intrusive Complex (left) and the Tamarack
Zone (right) showing
location of drill hole 15TK0220 and 15TK0220A (yellow circle). The pattern inside the Fine Grained Orthocumulate (FGO)
intrusion represents the topographic contour at the base of the FGO.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2443/47696_22666f5c54d05b1d_002full.jpg
Drill hole 15TK0220A intersected two thin zones of Mixed Massive Sulphides (MMS) as shown in Table 2.
Consequently, no
drift-and-fill stopes were proposed for the MSU mine plan stretching for approximately 50 meters to the south of drill hole
16TK0247 (see Figure 2 below).
The subsequent interpretation of multiple BHEM surveys identified an off-hole anomaly to the
SW of drill hole 15TK0220A that trends NNW-SSE (see Figure 2), making the area to the west of drill hole 15TK0220A a target
for further exploration.
"The BHEM data from the 10 boreholes along the eastern MSU show a very consistent trend that fits with a continuous
sulphide body. There are no indications of any breaks within this sulphide trend
," said Talon Geophysicist and Consultant,
Brian Bengert.
Figure 2
: View of the Tamarack Zone showing the BHEM plate from drill hole 15TK0220A in purple and the stitched BHEM
model is shown in grey.
To view an enhanced version of this graphic, please visit:
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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 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 drill 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.
Mike Shaw, Vice President, Exploration of Talon, is a Qualified Person within the meaning of NI 43-101. Mr. Shaw 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 company focused on producing nickel responsibly for the electric vehicles industry.
The high-grade
Tamarack Ni-Cu-Co Project is located 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:
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 additional
drilling, identifying exploration targets, possible mine expansion, potential drill results, potential discovery of additional
mineralization at the Tamarack North Project, including to the Massive Sulfide Unit, and the potential for Borehole
Electromagnetic methods to successfully identify additional mineralization at the Tamarack North 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.
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
DRILL HOLE ID
Easting
Northing
Elevation
Azimuth
Dip
Length
15TK0220
490842
5168637
389.4
275
-84
538.89
15TK0220A
490842
5168637
389.4
275
-84
544.98
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from survey record at collar.
Table 2: Assays for Drill Holes mentioned in press release
Drill Hole ID
From (m)
To (m)
Length (m)
Ni %
Cu %
Co %
Pt g/t
Pd g/t
Au g/t
15TK0220A
411
412.3
1.3
2.19
2.18
0.02
0.6
0.64
0.86
15TK0220A
413.98
415.05
1.07
4.79
1.97
0.13
1.05
1.18
0.37
Length:
refers
to
drill hole
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).
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/47696