US EV Battery Supply Chain: Talon Metals Announces Record Grades Drilled at Tamarack Nickel Project in Minnesota 4.44 Meters of 14.08% Nickel Equivalent (37.56% Copper Equivalent)
US EV Battery Supply Chain: Talon Metals
Announces Record Grades Drilled at
Tamarack Nickel Project in Minnesota
4.44 Meters of 14.08% Nickel Equivalent (37.56% Copper
Equivalent)
Tamarack, Minnesota--(Newsfile Corp. - September 13, 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.
Figure 1: 4.44 Meters (14.6 feet) of mixed and massive nickel-copper mineralization in drill hole
21TK0330 assaying 7.97% Ni, 11.25% Cu (14.08% NiEq or 37.56% CuEq) drilled outside of the
Tamarack Nickel Project's resource area in the CGO West area.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2443/96269_e0ad4b31a4ea29b9_001full.jpg
HIGHLIGHTS
Assay results from three (3) additional drill holes in the CGO West area (outside of the Tamarack
Nickel Project's resource area):
Drill hole 21TK0330 intersected
4.44 meters (14.6 feet)
of mixed and massive nickel-copper
mineralization
grading 7.97% Ni, 11.25% Cu (14.08% NiEq
1
or 37.56% CuEq
2
)
starting at
only 269.13 meters.
This represents
the highest nickel and copper grades ever assayed at the Tamarack
Nickel Project.
Figure 2: Example of high-grade massive sulphide grading 12.1% Ni, 16.15% Cu (19.35% NiEq
or 51.61% CuEq) (Drill hole 21TK0330).
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2443/96269_e0ad4b31a4ea29b9_002full.jpg
Table 1: Assays Results from Drill Hole 21TK0330
Drill hole
#
From
(m)
To
(m)
Length
(m)
Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
NiEq
(%)
CuEq
(%)
21TK0330
269.13
273.57
4.44
7.97
11.25
0.09
2.72
3.21
2.98
14.08
37.56
including
270.20
271.63
1.43
11.29
16.33
0.14
3.23
2.90
1.62
19.08
50.90
including
270.20
270.91
0.71
12.1
16.15
0.16
3.25
1.18
1.21
19.35
51.61
*See Table 2 for further technical and other information
Drill hole 21TK0317 intersected
5.23 meters (17.2 feet)
of mixed and massive nickel-copper
mineralization
grading 5.29% Ni, 2.13% Cu (6.36% NiEq or 16.97% CuEq)
starting at only
247.97 meters.
Drill hole 21TK0323 intersected
13.25 meters (43.5 feet)
of mixed and massive nickel-copper
mineralization
grading 3.97% Ni, 1.48% Cu (4.82% NiEq or 12.85% CuEq)
starting at only
190.75 meters.
Drilling remains ongoing to further expand this enriched high-grade zone of nickel-copper
mineralization within the CGO West area.
"Grade is 'king' in mining, and our recent drill results of 8% to 12% nickel and 11% to 16% copper
could be a king maker,"
said Brian Goldner, Vice President of Exploration.
Goldner continued:
"Not
only are we proving a new dimension of the Tamarack Intrusive Complex with these best-ever drill
results at the newly discovered CGO West location, but we are also showing that the mineralization is
shallow and large scale.
The more we drill, the more we understand how the Tamarack Nickel Project
can be a vital source of strength for the US EV battery supply chain."
SUMMARY
The CGO West area lies approximately 100 meters north-north-east of the Tamarack Nickel Project's
resource area and extends for an additional 400 meters where drilling shows the presence of shallow,
high-grade nickel-copper mineralization.
Talon has previously reported 18 drill holes within the CGO
West area, all of which have intersected nickel-copper mineralization. The thick intersections of mixed
and massive sulphides are found at the base of the overlying Fine-grained Orthocumulate (
"FGO"
) and
Coarse-grained Orthocumulate (
"CGO"
) intrusions where they appear to form 'pools' of nickel and
copper rich sulphides (see Figures 4 and 5).
Drill hole 21TK0313 (which represents the initial 'discovery hole' in the CGO West area) was drilled to
test a Bore Hole Electromagnetic (geophysical) anomaly and successfully intersected
13.92 meters
(45.7 feet)
of mixed and massive nickel-copper sulphide mineralization at 225.44 meters depth
assaying
5.54% Ni, 2.14% Cu, 0.16% Co, 0.21 g/t Pd, 0.26 g/t Pt and 0.08 g/t Au (6.70% NiEq or
17.86% CuEq)
(see the Company's press release dated July 6, 2021).
Following drill hole 21TK0313, Talon's normal practice of utilizing Bore Hole Electromagnetic surveying
continued to identify new electromagnetic anomalies in the CGO West area, which resulted in the mixed
and massive nickel-copper mineralization to be further expanded.
Results of that follow-up drilling have
been reported in the Company's press releases dated July 6, 2021 and August 5, 2021.
Today, the Company is pleased to announce the following new drill hole assays within the CGO West
area:
Drill hole 21TK0330 intersected
4.44 meters (14.6 feet)
of mixed and massive nickel-copper
mineralization
grading 7.97% Ni, 11.25% Cu, 0.09% Co, 2.72 g/t Pd, 3.21 g/t Pt and 2.98 g/t
Au (14.08% NiEq or 37.56% CuEq)
starting at only 269.13 meters.
Drill hole 21TK0317 intersected
5.23 meters (17.2 feet)
of mixed and massive nickel-copper
mineralization
grading 5.29% Ni, 2.13% Cu, 0.13% Co, 0.17g/t Pd, 0.17 g/t Pt and 0.08 g/t Au
(6.36% NiEq or 16.97% CuEq)
starting at only 247.97 meters.
In addition, drill hole 21TK0317 also intersected 9.74 meters (32.0 feet) grading 0.71% Ni,
0.46% Cu, 0.02% Co, 0.09 g/t Pd, 0.13 g/t Pt and 0.08 g/t Au (0.96% NiEq or 2.57 % CuEq)
starting at 212.21 meters.
Drill hole 21TK0323 intersected
13.25 meters (43.5 feet)
of mixed and massive nickel-copper
mineralization
grading 3.97% Ni, 1.48% Cu, 0.12% Co, 0.22 g/t Pd, 0.28 g/t Pt and 0.10 g/t Au
(4.82% NiEq or 12.85% CuEq)
starting at only 190.75 meters.
The mineralization in drill hole 21TK0330 is deeper than the large 'pool' of massive sulphide
mineralization previously reported in the CGO West area (although still considered shallow), a fact that
may be related to its very high metal grades.
Upon first inspection of the drill core from drill hole 21TK0330, Talon's geologists immediately
recognized that it contained an unusually large amount of nickel and copper sulphide minerals, but very
little iron sulphide minerals. The extremely high grades assayed in the mixed and massive sulphide
mineralization are thought to be the result of the nickel and copper sulphides separating from the iron
sulphides.
This natural process of enrichment can occur where the molten sulphide minerals cool slowly
over time, which allows the nickel and copper sulphides to drain away from the main pool before finally
solidifying.
In this case, the enriched liquid sulphides appear to have flowed downward at a steep angle
similar to the way water falls from the edge of a pool.
Multiple new Borehole Electromagnetic (geophysical) anomalies suggest that the enriched sulphides at
depth in drill hole 21TK0330 may extend laterally (see Figure 3) and potentially to greater depths. Drill
testing of these anomalies to expand the high-grade enriched sulphide zone is planned.
The results reported today, combined with those from past press releases show that the CGO West area
has the following exciting characteristics:
High Grades
- The new assays from drill hole 21TK0330 have the highest interval of nickel and
copper grades ever found anywhere within the 18 km Tamarack Intrusive Complex.
Combined with
the assays reported for drill holes 21TK0313, 21TK0317, and 21TK0323, the Company is seeing
widespread high grades of nickel and copper over long sections of core that demonstrate the large
volume of nickel and copper within the CGO West area.
Size
- The size of the CGO West area's 'pool' of sulphides continues to increase as new holes are
drilled. There is 125 meters of distance between drill holes 21TK0316 and 21TK0323 (see Figure
3).
Between these two holes are 5 additional drill holes that have also intersected thick massive
and mixed massive sulphides and demonstrate the potential for continuity of the large pool of high-
grade sulphides over a large area.
Favorable Location
- The high-grade sulphide 'pool' is at shallow depths and lies up slope from
the Tamarack Nickel Project's resource area. Consequently, it is expected to be mined near the
beginning of the mine life, resulting in early cash flows.
Potential to Grow
- Talon has not yet found the edges of this 'pool' of massive sulphide.
New
Borehole Electromagnetic (geophysical) anomalies have been recorded, which suggest additional
nickel-copper mineralization within the CGO West area. These anomalies will be tested with
drilling soon.
Figure 3: Plan view geological map showing in green the 3 new drill holes within in the CGO
West area.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2443/96269_e0ad4b31a4ea29b9_003full.jpg
Figure 4: Section A represents a portion of the CGO West area looking east showing the thick
intersections of nickel-copper mineralization found in drill holes 21TK0313 and 21TK0317.
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/2443/96269_e0ad4b31a4ea29b9_004full.jpg
Figure 5: Section B represents a portion of the CGO West area looking east showing the thick
intersections of nickel-copper mineralization found in drill holes 21TK0326, 21TK0328 and
21TK0330.
To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/2443/96269_e0ad4b31a4ea29b9_005full.jpg
Table 2: Assay Results of Drill Holes 21TK0317, 21TK0323 and 21TK0330
Drill hole
#
From
(m)
To
(m)
Length
(m)
Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
NiEq
(%)
CuEq
(%)
21TK0317
212.21
221.95
9.74
0.71
0.46
0.02
0.09
0.13
0.08
0.96
2.57
and
247.97
253.20
5.23
5.29
2.13
0.13
0.17
0.17
0.08
6.36
16.97
21TK0323
190.75
204.00
13.25
3.97
1.48
0.12
0.22
0.28
0.10
4.82
12.85
including
195.00
198.36
3.36
5.84
2.22
0.18
0.39
0.45
0.14
7.13
19.01
including
200.50
202.77
2.27
4.80
1.77
0.15
0.16
0.21
0.15
5.79
15.45
21TK0330
269.13
273.57
4.44
7.97
11.25
0.09
2.72
3.21
2.98
14.08
37.56
including
270.20
271.63
1.43
11.29
16.33
0.14
3.23
2.90
1.62
19.08
50.90
including
270.20
270.91
0.71
12.1
16.15
0.16
3.25
1.18
1.21
19.35
51.61
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 21TK0317, 21TK0323 and 21TK0330
Drill Hole (#)
Easting (m)
Northing
(m)
Elevation
(masl)
Azimuth
Dip
End Depth
(m)
21TK0317
491077.0
5169038.0
388.0
305.6
-59.7
292.6
21TK0323
491077.7
5169039.1
388.5
358.8
-72.0
249.3
21TK0330
491009.0
5168962.0
388.0
16.4
-60.0
301.8
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from survey record at collar unless otherwise noted.
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 pools of sulphides in the CGO West area; the timing of mining and cash flows.
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.