US EV Battery Supply Chain: Talon Metals Sets Record Massive Sulphide Intercept Length of 23.44 Meters Grading 6.04% Ni, 2.85% Cu (7.58% NiEq) at the Tamarack Nickel Project
US EV Battery Supply Chain: Talon Metals
Sets Record Massive Sulphide Intercept
Length of 23.44 Meters Grading 6.04% Ni,
2.85% Cu (7.58% NiEq) at the Tamarack Nickel
Project
Tamarack, Minnesota--(Newsfile Corp. - September 22, 2022) - Talon Metals Corp. (TSX: TLO) (OTC
Pink: TLOFF) ("
Talon
" or the "
Company
") is pleased to announce a new record drill hole result from the
Tamarack Nickel-Copper-Cobalt Project ("
Tamarack Nickel Project
"), located in Minnesota, USA.
Figure 1: Drill core from hole 21TK0380 showing 23.44 meters of massive sulphide grading
6.04% Ni and 2.85% Cu from 453.73 meters depth in the Main Zone of the Tamarack resource
area.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/137715_6e4f9207040fb8af_001full.jpg
Below are assay results from six (6) new drill holes, including the record 23.44-meter massive sulphide
intercept (MSU) in drill hole 21TK0380:
Drill Hole
From
To
Length
Assay
#
(m)
(m)
(m)
Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
NiEq
(%)
CuEq
(%)
21TK0343
360.47
378.71
18.24
4.91
1.90
0.13
0.27
0.40
0.10
5.96
15.89
21TK0370
430.68
482.94
52.26
2.75
1.22
0.07
0.31
0.54
0.26
3.54
9.43
21TK0380
453.73
477.17
23.44
6.04
2.85
0.12
0.49
0.62
0.35
7.58
20.20
22TK0397
468.46
533.03
64.57
1.99
0.97
0.05
0.38
0.74
0.35
2.74
7.31
22TK0405
380.92
396.65
15.73
4.66
2.42
0.10
0.35
0.51
0.25
5.94
15.84
22TK0412
456.05
474.43
18.38
6.98
3.12
0.13
0.51
0.71
0.27
8.64
23.04
Table 1: Notable Assay Results from New Drill Holes at the Tamarack Nickel Project
*See Table 3 for further technical information
In addition to the six (6) drill holes above, Talon reports assays from an additional eleven (11) new drill
holes on the western side of the Tamarack resource area (the Main Zone) (17 drill holes in total). These
drill holes extend approximately 320 meters from northwest to southeast. The new assays demonstrate
the continuity and thickness of the high-grade nickel and copper massive sulphide zone and the
separate semi-massive sulphide zones (see Figure 3).
In addition, drill holes 21TK0380 and 22TK0412 continue to expand the massive sulphide pool on the
southern portion of the western limb with intercepts of 23.44 meters @ 6.04% Ni and 18.38 meters @
6.98% Ni, respectively.
An off-hole geophysical anomaly from drill hole 22TK0412 points to a possible
southwestward continuation of the massive sulphide mineralization beyond the known resource in an
area not previously tested by drilling.
"It is exciting to see the massive sulphide on the western limb continue to thicken to a new record
23.44 meters while maintaining an extremely high grade of 6.04% Ni.
Exploration around this pooling
area has identified hole 22TK0412 which intersected 12.81 meters @ 8.08% Ni and the borehole
electromagnetic (geophysical) survey provides evidence that it may trend in a slightly different
direction than anticipated.
The southern extent of the western massive sulphide unit remains open
and will be a focus for one of the drill rigs currently turning at the Tamarack Nickel Project,"
said Brian
Goldner, Talon Metals, Chief Exploration Officer.
Figure 2: Drill core from hole 22TK0412 showing a sub-interval of 7.77 meters grading 10.44%
Ni Eq in the Main Zone of the Tamarack resource area.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/137715_6e4f9207040fb8af_002full.jpg
Figure 3. Plan view geological map of the northern portion of the Tamarack Nickel Project,
including the Tamarack Resource area showing the new nickel-copper mineralization intervals
in green text boxes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/137715_6e4f9207040fb8af_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.
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
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
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 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
an agreement with Tesla Inc.
to supply it with 75,000 metric tonnes (165 million lbs) of nickel in
concentrate (and certain by-products, including cobalt and iron) from the Tamarack Nickel Project over
an estimated six-year period once commercial production is achieved. 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
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; and the possible southwestward continuation of the massive sulphide mineralization
beyond the known resource.
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 2: Collar Locations of New Drill Holes Referred to in this Press Release
Tamarack Resource Area
HOLEID
Easting (m)
Northing (m)
Elevation (masl)
Azm
Dip
End Depth (m)
22TK0324
490687.7
5168539.4
388.3
137.1
-72.0
579.4
21TK0346
490735.9
5168650.9
390.0
181.0
-87.4
479.5
21TK0346A
490735.9
5168650.9
390.0
178.3
-87.3
430.4
21TK0352
490701.9
5168743.0
390.5
16.6
-85.3
489.8
21TK0359
490702.4
5168742.2
390.4
153.5
-79.7
489.8
21TK0370
490736.6
5168651.3
390.1
162.3
-84.9
529.7
21TK0377
490757.1
5168601.2
389.6
175.9
-86.9
493.2
21TK0379
490756.7
5168600.9
389.5
168.2
-81.6
498.8
21TK0380
490772.8
5168481.3
388.0
111.6
-85.5
506.0
21TK0380A
490772.8
5168481.3
388.0
111.6
-85.5
544.7
22TK0397
490774.3
5168479.7
388.0
2.4
-81.1
597.2
22TK0404
490773.4
5168480.4
388.0
349.3
-82.9
508.1
22TK0404A
490773.4
5168480.4
388.0
348.2
-83.3
518.2
22TK0405
490673.4
5168733.5
388.0
123.7
-77.5
474.9
22TK0409
490673.4
5168734.5
388.0
142.2
-77.7
487.7
22TK0412
490774.2
5168481.1
388.0
75.6
-83.9
518.2
22TK0413
490757.6
5168600.8
388.0
289.1
-83.4
499.3
Collar coordinates are UTM Zone 15N, NAD83
Azimuths and dips are taken from survey record at collar unless otherwise noted
Table 3: Assay Results of New Drill Holes Referred to in this Press Release
Drill Hole
From
To
Length
Assay
#
(m)
(m)
(m)
Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
NiEq
(%)
CuEq
(%)
21TK0343
360.47
378.71
18.24
4.91
1.90
0.13
0.27
0.40
0.10
5.96
15.89
21TK0346A
396.56
401.38
4.82
2.77
1.52
0.06
0.17
0.11
0.08
3.48
9.29
21TK0352
414
427.99
13.99
0.59
0.60
0.02
0.26
0.46
0.23
1.03
2.76
and
434.5
436.09
1.59
1.47
1.87
0.03
0.48
0.72
0.33
2.53
6.74
and
439.62
442.00
2.38
0.78
1.13
0.02
0.35
1.91
0.93
1.94
5.17
and
448.12
450.00
1.88
0.76
1.18
0.02
0.35
0.76
0.57
1.58
4.21
21TK0359
387.48
392.00
4.52
4.05
2.01
0.08
0.28
1.19
0.07
5.26
14.04
and
427.64
463.00
35.36
1.27
0.88
0.03
0.46
0.85
0.44
2.00
5.34
21TK0370
430.68
482.94
52.26
2.75
1.22
0.07
0.31
0.54
0.26
3.54
9.43
including
440.09
467.5
27.41
3.62
1.40
0.09
0.26
0.43
0.15
4.46
11.89
21TK0377
461.36
493.17
31.81
0.99
0.68
0.02
0.33
0.68
0.33
1.56
4.16
21TK0379
431.43
432.1
0.67
3.10
1.16
0.12
0.30
0.85
0.04
3.96
10.57
and
434.41
435.51
1.1
1.86
0.79
0.07
0.30
0.30
0.10
2.39
6.37
and
436.98
437.8
0.82
2.51
2.55
0.06
0.21
0.61
0.07
3.74
9.97
and
451.09
452.83
1.74
1.22
0.79
0.03
0.61
0.93
0.40
1.93
5.16
and
478.44
498.39
19.95
0.66
0.48
0.02
0.33
0.57
0.25
1.10
2.94
21TK0380
453.73
477.17
23.44
6.04
2.85
0.12
0.49
0.62
0.35
7.58
20.20
including
463.41
476.64
13.23
7.22
3.42
0.14
0.59
0.74
0.44
9.06
24.15
22TK0397
468.46
533.03
64.57
1.99
0.97
0.05
0.38
0.74
0.35
2.74
7.31
including
476.5
513.04
36.54
2.82
1.21
0.08
0.37
0.72
0.37
3.69
9.83
22TK0404A
445.4
458.73
13.33
5.34
2.48
0.11
0.55
1.12
0.45
6.86
18.31
including
448.16
458.73
10.57
6.57
3.07
0.13
0.69
1.41
0.56
8.46
22.56
22TK0405
380.92
396.65
15.73
4.66
2.42
0.10
0.35
0.51
0.25
5.94
15.84
including
382.42
392.68
10.26
6.20
3.10
0.14
0.45
0.66
0.32
7.86
20.95
and
420.28
460.95
40.67
1.00
0.75
0.03
0.39
0.78
0.36
1.63
4.34
22TK0409
392.58
403.45
10.87
6.23
3.71
0.12
0.68
0.94
0.59
8.23
21.94
and
423.48
424.37
0.89
1.51
3.87
0.02
1.67
3.30
1.97
4.42
11.79
22TK0412
456.05
474.43
18.38
6.98
3.12
0.13
0.51
0.71
0.27
8.64
23.04
including
459.89
472.70
12.81
8.08
3.47
0.16
0.57
0.80
0.29
9.94
26.52
22TK0324
No significant sulphide mineralization
21TK0346
21TK0380A
22TK0404
22TK0413
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.
To view the source version of this press release, please visit
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