US EV Battery Supply Chain: Talon Metals Announces New High Grade Nickel-Copper Mineralization at the Tamarack Nickel Project 13 New Drill Holes Show Prospective Grades and Size Outside Main Resource Area
US EV Battery Supply Chain: Talon Metals
Announces New High Grade Nickel-Copper
Mineralization at the Tamarack Nickel Project
13 New Drill Holes Show Prospective Grades and Size Outside
Main Resource Area
Tamarack, Minnesota and Tortola, British Virgin Islands--(Newsfile Corp. - October 5, 2021) - Talon
Metals Corp. (TSX: TLO) ("
Talon
" or the "
Company
") is pleased to provide an update on drill results
from the Tamarack Nickel-Copper-Cobalt Project ("
Tamarack Nickel Project
"), located in Minnesota,
USA.
Figure 1: Drill hole 21TK0311 assayed 3.50% Ni, 1.40% Cu (4.38% NiEq, 11.68% CuEq) over
4.35 meters starting at only 234.5 meters depth.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2443/98578_091c080e9408682b_001full.jpg
HIGHLIGHTS
Talon reports assays from thirteen (13) new drill holes in the CGO East area, located outside of the
Tamarack Nickel Project's main resource area.
These new assays demonstrate high nickel and copper grades across a large area in the CGO
East area with these holes testing an area approximately 430 meters long (north-south).
The assays also demonstrate significant thickness of the mineralized intervals and are expected to
add meaningful volume to future resource estimates.
Some of the notable assay results, include:
Drill hole 21TK0305 intersected
17.95 meters
of nickel-copper mineralization
grading
0.7% Ni, 0.44% Cu (0.96% NiEq
1
or 2.55% CuEq
2
)
starting at only 199.5 meters depth;
Drill hole 21TK0306 intersected
15.94 meters
of nickel-copper mineralization
grading
0.77% Ni, 0.41% Cu (1.09% NiEq or 2.9% CuEq)
starting at only 240.3 meters depth;
Drill hole 21TK0309 intersected
2.58 meters
of mixed and massive nickel-copper
mineralization
grading 4.26% Ni, 1.89% Cu (5.25% NiEq or 13.99% CuEq)
starting at
only 248.18 meters depth; and
Drill hole 21TK0311 intersected
4.35 meters
of mixed and massive nickel-copper
mineralization
grading 3.50% Ni, 1.40% Cu (4.38% NiEq, 11.68% CuEq)
starting at only
234.5 meters depth.
"We are extremely pleased with the assay results announced today from the CGO East area, which
sits outside of the Tamarack Nickel Project's defined resource area,"
said Brian Goldner, Vice
President of Exploration.
"This new drilling has demonstrated over 600 meters of continuous high-
grade nickel copper sulphide mineralization, with potential to extend an additional 200 meters to the
north. The extent and thickness of high-grade nickel-copper mineralization in the CGO East area has
the potential to add significant volume to the current resource estimate at the Tamarack Nickel
Project."
SUMMARY
CGO East
The CGO East target area is large, stretching over an area of 500 meters (east-west) by 900 meters
(north-south) outside of the Tamarack Nickel Project's resource area. Drilling confirms this area hosts
wide sheets of shallow mineralization consistent with the previously reported drill hole results. The
mineralized zone in the CGO East area typically begins with a thick sheet of disseminated sulphide
mineralization above a sheet of high-grade mixed and massive sulphide mineralization at the base of the
intrusion.
The assay results from the new drill holes reported in this press release (see Table 2) confirm the two
layers of mineralization have grades of nickel and copper that can be included in future resource
estimates. The mixed and massive sulphide sheet of mineralization at the base of the intrusion contains
high nickel and copper grades across a large area.
The overlying sheet of disseminated nickel and
copper mineralization is lower grade as expected, but still contains thick zones of >1% nickel across a
large area in drill holes 21TK0289, 21TK0290, 21TK0291, 21TK0296, 21TK0304, 21TK0309, and
21TK0311.
These new assays results, combined with results of historical drill holes in the CGO East area, confirm a
continuous strike length of high grade nickel-copper mineralization for over 600 meters long in the north-
south direction. The width of mineralization varies between 40 meters to 80 meters in some locations
(see Figure 2).
Importantly, the thickness of both layers of mineralization combined range from 6 meters
to 31 meters. The extent and thickness of nickel-copper mineralization in the CGO East area
demonstrates the potential to add significant volume to the current resource estimate at the Tamarack
Nickel Project in an area that is accessible to underground mining.
From south to north drill holes 20TK0271 to 21TK0295 demonstrate over 600 meters of continuous high-
grade nickel-copper sulphide mineralization with the potential to extend an additional 200 meters to the
north (see Figure 2).
The central portion of the CGO East area appears to be a good indication of the potential width of the
combined sheets of mineralization:
Drill hole 21TK0304 intersected 11.59 meters of 1.31% Ni, 0.85% Cu, 0.03% Co, 0.19 g/t Pd,
0.40g/t Pt, 0.29g/t Au (1.87% NiEq or 4.98% CuEq) starting at 237 meters; and
Drill hole 21TK0305 intersected 17.95 meters of 0.7% Ni, 0.44% Cu, 0.02% Co, 0.05g/t Pd,
0.12g/t Pt and 0.12g/t Au (0.96% NiEq or 2.55% CuEq) starting 191.85 meters.
The distance from drill holes 21TK0304 to 21TK0305 is 70 to 80 meters and is currently the widest
extent of mineralization (east to west) defined in the CGO East area.
The sheet of high-grade nickel-copper mixed and massive sulphide has been imaged with Bore Hole
Electromagnetic (BHEM) surveying completed by Talon on each drill hole in the CGO East area.
The
drilling results combined with the newly reported assays continue to demonstrate the effectiveness of this
exploration strategy for finding and then tracing new mixed and massive high-grade mineralization
across the Tamarack Intrusive Complex.
CGO Bend
The CGO Bend area is a zone that lies between the CGO East and CGO West areas that is composed
of low-grade mineralization within the Coarse-Grained Olivine (
"CGO"
) intrusion.
Talon has previously
reported six holes drilled in this area that intersected up to 42 meters of disseminated nickel-copper
mineralization (see the Company's press release dated June 1, 2021).
Newly received assays from drill hole 21TK0284 continue to show the presence of low-grade nickel and
copper mineralization characteristic of the CGO Bend area (see Table 2).
Figure 2. Plan view geological map of the northern portion of the Tamarack Project showing
the new nickel-copper mineralization intervals in green text boxes in the CGO East and CGO
Bend areas.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2443/98578_091c080e9408682b_002full.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:
Media Contact:
Todd Malan
1-(202)-714-8187
Investor Contact:
Sean Werger
1-(416)-361-9636 x102
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 mineralization, assay results grades,
geophysical results
and drilling plans; the Company's plans for further resource estimates; the potential to add meaningful or
significant volume to future resource estimates; the potential to extend mineralization an additional 200
meters to the north; the Company's future mine plan.
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 Referred to in this Press Release
CGO EAST
HOLEID
Easting (m)
Northing
(m)
Elevation
(masl)
Azm
Dip
End Depth
(m)
21TK0288
491298.5
5169148.4
388.0
311.9
-75.2
198.3
21TK0289
491178.0
5168988.0
388.0
23.6
-79.5
233.9
21TK0291
491178.2
5168985.8
388.0
237.5
-80.1
247.5
21TK0294
491178.0
5168985.0
388.0
222.3
-72.9
301.1
21TK0296
491176.0
5168998.0
388.0
49.5
-73.9
236.7
21TK0302
491165.7
5168989.1
388.0
50.0
-61.5
240.8
21TK0304
491068.6
5169033.4
388.0
84.4
-52.8
268.2
21TK0305
491168.3
5168989.8
388.0
68.1
-61.0
264.3
21TK0306
491070.0
5169034.0
388.0
184.9
-73.8
283.5
21TK0308
491169.0
5168990.9
388.0
42.81
-56.5
246.6
21TK0309
491067.4
5169035.6
388.0
158.2
-67.5
277.4
21TK0311
491067.6
5169034.1
388.0
120.7
-67.8
264.4
21TK0325
491008.0
5168962.0
389.5
170.6
-77.5
310.3
CGO BEND
21TK0281
491194.4
5169140.4
388.0
140
-73.23
221.3
21TK0284
491190.2
5169241.1
388.0
129
-60.74
205.7
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from survey record at collar unless otherwise noted.
Table 2: Assay Results of New Drill Holes Referred to 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
(%)
21TK0288
142.50
150.50
8.00
0.66
0.42
0.02
0.13
0.21
0.09
0.94
2.50
and
155.00
169.71
14.71
0.78
0.51
0.02
0.17
0.34
0.20
1.15
3.07
including
168.9
169.71
0.76
3.81
1.65
0.11
0.47
1.05
0.48
5.00
13.34
21TK0289
186.00
195.00
9.00
0.63
0.38
0.02
0.12
0.20
0.09
0.89
2.36
and
201.50
212.50
11.00
1.20
0.70
0.04
0.20
0.33
0.19
1.67
4.45
including
210.10
211.99
1.92
4.13
1.38
0.13
0.39
0.59
0.39
5.12
13.65
21TK0291
210.50
224.61
14.11
1.03
0.71
0.03
0.13
0.25
0.22
1.47
3.91
including
222.70
224.61
1.88
2.91
1.58
0.09
0.09
0.07
0.06
3.69
9.83
21TK0294
211.20
218.20
6.97
0.81
0.45
0.02
0.03
0.04
0.05
1.04
2.78
and
224.80
231.10
6.27
0.77
0.62
0.02
0.06
0.13
0.17
1.12
2.98
21TK0296
189.00
196.50
7.50
0.57
0.36
0.02
0.09
0.17
0.09
0.80
2.14
and
201.00
209.51
8.51
1.12
0.86
0.03
0.13
0.26
0.22
1.63
4.34
including
207.90
209.51
1.64
2.92
1.95
0.11
0.15
0.21
0.20
3.93
10.48
21TK0302
190.00
221.79
31.79
0.72
0.49
0.02
0.11
0.21
0.14
1.03
2.76
including
218.90
220.08
1.21
3.62
0.95
0.09
0.13
0.13
0.16
4.20
11.20
21TK0304
150.20
158.01
7.81
0.52
0.28
0.02
0.02
0.03
0.02
0.67
1.79
and
237.00
248.59
11.59
1.31
0.85
0.03
0.19
0.40
0.29
1.87
4.98
including
245.30
247.27
1.98
4.05
1.30
0.13
0.23
0.29
0.11
4.86
12.95
21TK0305
191.80
196.50
4.65
0.57
0.34
0.02
0.09
0.17
0.07
0.79
2.12
and
199.50
217.45
17.95
0.70
0.44
0.02
0.05
0.12
0.12
0.96
2.55
21TK0306
228.50
235.36
6.86
0.49
0.28
0.02
0.07
0.12
0.07
0.67
1.80
and
240.30
256.24
15.94
0.77
0.41
0.02
0.15
0.30
0.16
1.09
2.90
including
255.30
256.24
0.96
3.31
0.94
0.12
0.19
0.27
0.20
3.97
10.59
21TK0308
192.10
217.13
25.04
0.60
0.39
0.02
0.11
0.19
0.10
0.86
2.30
and
223.10
223.86
0.75
2.90
1.52
0.14
0.26
0.36
0.29
3.87
10.31
21TK0309
235.50
251.66
15.66
1.27
0.73
0.04
0.09
0.16
0.13
1.68
4.48
including
248.20
250.76
2.58
4.26
1.89
0.12
0.18
0.20
0.13
5.25
13.99
21TK0311
193.50
202.00
8.50
0.56
0.32
0.02
0.04
0.08
0.09
0.75
2.01
and
210.50
220.00
9.50
0.63
0.34
0.02
0.09
0.16
0.07
0.85
2.26
and
224.50
238.85
14.35
1.48
0.69
0.05
0.19
0.37
0.20
1.98
5.27
including
234.50
238.85
4.35
3.50
1.40
0.14
0.20
0.34
0.18
4.38
11.68
21TK0325
259.70
260.35
0.65
0.77
1.07
0.02
0.05
0.06
0.07
1.24
3.30
21TK0281
135.50
140.00
4.50
0.57
0.35
0.02
0.13
0.24
0.10
0.83
2.20
and
153.50
171.50
18.00
0.75
0.44
0.02
0.19
0.34
0.14
1.09
2.90
and
193.50
197.03
3.53
1.52
0.90
0.05
0.17
0.24
0.19
2.06
5.48
21TK0284
103.50
128.20
24.7
0.59
0.30
0.02
0.13
0.24
0.10
0.82
2.19
and
140.10
144.44
4.32
0.58
0.36
0.02
0.06
0.09
0.08
0.79
2.11
Drill Hole
From
To
Length
Results
#
(m)
(m)
(m)
Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
NiEq
(%)
CuEq
(%)
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.
1
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
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
To view the source version of this press release, please visit
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