Talon Metals Reports 14 New Holes Intersect Nickel-Copper Mineralization in the Raptor Zone Exploration in Raptor Zone Showing Widespread Channel of Nickel Mineralization
Talon Metals Reports 14 New Holes Intersect
Nickel-Copper Mineralization in the Raptor
Zone
Exploration in Raptor Zone Showing Widespread Channel of
Nickel Mineralization
Tamarack, Minnesota--(Newsfile Corp. - May 2, 2024) - Talon Metals Corp. (TSX: TLO) (OTC Pink:
TLOFF) (
"Talon"
or the
"Company"
), the majority owner and operator of the Tamarack Nickel-Copper-
Cobalt Project ("
Tamarack Nickel Project
") in central Minnesota, is pleased to announce significant
progress in its
2024 exploration plan
, particularly focusing on an update to the drilling program in the
"Raptor Zone".
Highlights:
14 New Drill Holes Intersect Nickel-Copper Mineralization:
Talon has successfully intersected
nickel-copper mineralization in 14 new drill holes within the Raptor Zone (assays pending) (see
Figure 2 and Table 2 below). These findings mark a significant advancement in understanding the
extensive nickel and copper potential of the area.
Detection of Strong Electromagnetic (Geophysics) Anomaly:
Drill hole 23TK0480A, in
addition to intersecting massive sulphide mineralization (assays pending), has identified one of the
strongest borehole electromagnetic anomalies within the Raptor Zone to date (see Figure 2
below). This anomaly, modeled as a 30x30m plate at 4000 siemens, projects to the expected
continuation of the channel of mineralization, further indicating the potential for additional high-
grade nickel-copper mineralization.
Identification of Thick Nickel Mineralization Accumulation:
The thickest accumulation of
mineralization (up to 10 meters thick) is associated with a channel in the basal contact (see Figure
3 below). This channel provides a localized trap for sulphides to collect and appears to be related
to a structure observed in the airborne magnetic data. Additional drilling will focus on testing the
continuity of this mineralized structure and focus on identifying the potential for multiple channels
within the Raptor Zone.
Extensive and Continuous Mineralization:
The Raptor Zone appears to be continuously
mineralized along the base (upwards of 4 km x 2 km of mineralization). Talon continues to actively
drill in the Raptor Zone.
Brian Goldner, COO and Chief Exploration Officer of Talon, commented on the recent results,
stating:
"
Our latest exploration results in the Raptor Zone are exciting and reaffirm our belief in the
significant mineral potential of this area. The more we drill, the more we discover. The nickel-copper
mineralization in 14 new drill holes, coupled with the identification of a strong electromagnetic
anomaly, underscores the prospectivity of the Raptor Zone. We remain committed to advancing our
exploration efforts and unlocking the full value of this new zone at Tamarack
."
Brian Bengert, Talon's VP of Geophysics, commented on the geophysical results, stating
:
"Based on previous discoveries in the Tamarack Resource Area and proven technologies that
highlights the channels of nickel-copper mineralization, our geophysics and exploration teams are
able to model and, more importantly, understand the Raptor Zone system. This focused approach is
instrumental in unlocking the full potential of the Raptor Zone and guiding our exploration efforts
effectively."
Raptor Zone Mineralization
The Raptor Zone is a sill-shaped intrusion parallel to and approximately one kilometer north of the
Tamarack Resource Area, with the Tamarack Resource Area stacked on top of the Raptor Zone (see
Figure 1 below). Based upon drilling to date, it appears that nickel-copper mineralization is widespread
throughout the Raptor intrusion and appears to be sheet-like mineralization along its base (at least 4
km's in strike and 2 km's in width). This continuous, extensive mineralization is up to 10 meters thick.
Using past discoveries and proven technology to guide exploration efforts:
At the basal contact, the
mineralization thickens in areas with channelized formations (see Figure 2 below). Appearing to be
closely related to a structure mapped in the airborne magnetic data, these channels are believed to be
formed by the confluence of the Raptor sill and the dike, facilitating the accumulation of thicker nickel-
copper mineralization (see Figure 3 below). The increasing mineralization thickness parallels Talon's
past successes in discovering high-grade nickel-copper deposits, notably CGO East and CGO West
within the Tamarack Resource Area. This consistent trend is a strong indicator of ongoing positive
results in the Raptor Zone.
Figure 1: Long-section highlighting the location of the Raptor Zone mineralization in relation to
the current Tamarack Resource
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/207669_68137cac14b35822_001full.jpg
Figure 2. Plan view showing 14 new drill holes in the Raptor Zone, illustrating channel of
nickel-copper mineralization
and new Borehole Electromagnetic anomaly
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/207669_68137cac14b35822_002full.jpg
Figure 3. Raptor's Head cross-section looking northwest (see Figure 2 for location)
highlighting the accumulation of thick nickel-copper mineralization (up to 10 meters thick)
within the basal channel
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/207669_68137cac14b35822_003full.jpg
QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS
Please see the technical report entitled "November 2022 National Instrument 43-101 Technical Report of
the Tamarack North Project - Tamarack, Minnesota" with an effective date of November 2, 2022
("
November 2022 Technical Report
") prepared by independent "Qualified Persons" (as that term is
defined in National Instrument 43-101 ("
NI 43-101
")) Brian Thomas (P. Geo), Roger Jackson (P. Geo),
Oliver Peters (P. Eng) and Christine Pint (P.G) for information on the QA/QC, data verification, analytical
and testing procedures at the Tamarack Nickel 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.
Where used in this news release:
NiEq% = Ni% + Cu% x $3.75/$9.50 x Cu Recovery/Ni Recovery + Co% x $25.00/$9.50 x Co
Recovery/Ni Recovery + Pt [g/t]/31.103 x $1,000/$9.50/22.04 x Pt Recovery/Ni Recovery + Pd
[g/t]/31.103 x $1,000/$9.50/22.04 x Pd Recovery/Ni Recovery + Au [g/t]/31.103 x $1,400/$9.50/22.04 x
Au Recovery/Ni Recovery
For Ni and Cu recoveries, please refer to the formulae in the November 2022 Technical Report.
Recovery of Ni to the Cu concentrate was excluded from the NiEq calculation. The following recoveries
were used for the other metals: 64.1% for Co, 82.5% for Pt, 69.3% for Pd and 72.6% for Au.
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 central Minnesota. Talon's shares are also traded in the US
over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land
position (18km of strike length) with additional high-grade intercepts
outside the current resource area
.
Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%.
Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource
prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators,
and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.
Talon has a
neutrality and workforce development agreement
in place with the United Steelworkers
union. Talon's Battery Mineral Processing Facility in Mercer County was
selected by the US Department
of Energy
for US$114 million funding grant from the Bipartisan Infrastructure Law and the
US
Department of Defense awarded Talon a grant of US$20.6 million
to support and accelerate Talon's
exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration,
mine development, external affairs and mine permitting teams.
For additional information on Talon, please visit the Company's website at
www.talonmetals.com
.
Media Contact:
Todd Malan
1-(202)-714-8187
Investor Contact:
Sean Werger
1-(416)-500-9891
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 future
exploration, drilling, assays and the results thereof; geological interpretations; and the potential for
additional high-grade nickel-copper mineralization. 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 of New Drill Holes
HOLEID
Easting (m)
Northing (m)
Elevation (masl)
Azm
Dip
End Depth (m)
22TK0430A
491840.7
5170512.7
388.0
169.0
-75.1
694.5
22TK0430B
491840.7
5170512.7
388.0
169.0
-75.1
706.2
22TK0430C
491840.7
5170512.7
388.0
169.0
-75.1
999.0
22TK0436A
490404.0
5172003.4
388.0
250.0
-73.0
666.0
22TK0439A
490404.0
5172003.4
388.0
301.3
-88.9
558.4
23TK0450
491840.7
5170510.3
388.0
354.1
-74.1
613.3
23TK0480A
491900.8
5170338.0
388.0
166.3
-75.4
792.5
23TK0492
491686.0
5170936.0
388.0
153.9
-76.9
577.0
23TK0495
490598.0
5172620.0
388.0
0.0
-75.0
317.0
23TK0497
491841.3
5170512.1
388.0
217.1
-81.3
678.8
23TK0498
490598.5
5172619.7
386.4
0.0
-90.0
357.2
23TK0499
491841.3
5170512.1
388.0
125.7
-80.4
660.5
23TK0501
491904.6
5170336.2
388.0
175.1
-83.3
759.6
23TK0502
490598.0
5172620.0
388.0
180.0
-75.0
378.3
Collar coordinates are UTM Zone 15N, NAD83
Azimuths and dips are taken from survey record at collar unless otherwise noted
Table 2: Quick Lithology Log for New Drill Holes
Drill Hole
FROM (m)
To (m)
length
Quick Log
% Sulphides
23TK0450
0
54.25
Overburden
54.25
134.72
SED
134.72
188.06
IBX
188.06
200.25
CGO
200.25
245.97
SED
245.97
483.41
CGO/GAB
Tr-1%
483.41
487.68
4.27
CGO
5%
487.68
571.13
CGO/GAB
TR-2%
571.13
613.25
SED
23TK0480A
453.84
519.76
CGO/GAB
Tr - 2%
519.76
520.6
MI
Tr
520.6
751.63
CGO
Tr
751.63
759.03
7.4
GAB
5%
759.03
759.53
0.5
MMS
35%
759.53
791.25
SED
23TK0492
0
114.3
Overburden
114.3
274.32
SED
tr
274.32
299.62
CGO
tr
299.62
320.8
SED
tr
320.8
334.89
CGO
tr
334.89
338.1
SED
tr
338.1
509.43
CGO/GAB
tr
509.43
512.3
IBX
2
512.3
512.88
0.58
MMS
17
512.88
514.3
IBX
1
514.3
516.33
SED
0
23TK0495
0
127.56
Overburden
127.56
266.09
CGO/GAB
Tr
266.09
285.9
FGO
Tr-3%
285.9
287.12
1.22
MI
6
287.12
289.56
2.44
IBX
5
289.56
316.99
SED
tr
23TK0497
0
54.71
Overburden
0
54.71
235
SED
tr
235
283.16
IBX
tr
283.16
286.82
SED
tr
286.82
643.43
CGO/GAB
tr
643.43
646.52
IBX
2
646.52
647.78
1.26
IBX
6
647.78
649.78
SED
tr
23TK0498
0
78.64
Overburden
78.64
284.68
CGO
Tr
284.68
290.93
FGO
Tr-1%
290.93
299.31
8.38
FGO
4-7%
299.31
300.97
SED
Tr
300.97
302.02
GAB
302.02
357.23
SED
23TK0499
0
54.56
Overburden
54.56
249.98
SED
249.48
252.07
IBX
tr
252.07
626.4
CGO/GAB
tr
626.4
627.42
1.02
IBX
5
627.42
628.49
1.07
MMS
60
628.49
628.74
IBX
tr
628.74
660.5
SED
tr
23TK0501
0
49.99
Overburden
49.99
425.5
SED
425.5
703.53
CGO/GAB
tr
703.53
705.59
2.06
MMS
10
705.59
711.16
SED
tr
711.16
711.98
0.82
MSU
95
711.98
757.73
SED
tr
23TK0502
0
103.02
Overburden
103.02
323.7
CGO/GAB
tr
323.7
326.4
IBX
2
326.4
328.2
1.8
MMS
40
328.2
329.5
GAB
2
329.5
378.26
SED
tr
22TK0430A
0
402.03
Overburden
402.03
651.05
CGO
tr
651.05
664.69
GAB
1-3%
664.69
665.38
0.69
MMS
20
665.38
666.6
IBX
tr
666.6
694.03
SED
tr
22TK0430B
0
425.5
Overburden
425.5
650.36
CGO
tr
650.36
655.18
FGO/MZNO
2-4%
655.18
656.03
0.85
IBX
8
656.03
656.9
0.87
MMS
65
656.9
706.22
SED
22TK0430C
0
152.7
Overburden
152.7
266.7
SED
266.7
294.85
GAB
tr
294.85
300
IBX
tr
300
655.73
CGO/GAB
tr-3%
655.73
665.55
9.82
GAB
5
Drill Hole
FROM (m)
To (m)
length
Quick Log
% Sulphides
665.55
666.08
0.53
MMS
50
666.08
691.36
SED
22TK0436A
352.04
373.87
SED
373.87
374.87
IBX
tr
374.87
519.32
CGO/GAB
tr
519.32
528.09
FGO
tr
528.09
530.66
2.57
IBX
4
530.66
558.39
SED
tr
22TK0439A
348.23
519.32
CGO/GAB
tr
519.32
528.09
FGO
tr
528.09
530.66
2.57
IBX
4
530.66
558.39
SED
tr
Quick lithology log of drill holes: Overburden (OB); Meta-sedimentary rocks (SED); Coarse-grained Orthocumulate (CGO); Gabbro (GAB); Mixed and
Massive sulphide (MMS/MSU); Fine-grained Orthocumulate/Mixed Zone (FGO/MZNO); Mafic Intrusive (MI), Intrusive breccia (IBX)
Drill Hole
FROM (m)
To (m)
length
Quick Log
% Sulphides
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/207669