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Talon Metals (“Talon” or the “Company”) (TSX: TLO) is pleased to provide an update on the Tamarack Nickel-Copper-PGE project (“Tamarack Project”), located in Minnesota, USA. The Tamarack Project comprises the Tamarack North Project and the Tamarack South Project. Talon owns an 18.45% interest in the Tamarack Project. Final Drill Results from the 2017 Tamarack Winter …
Talon Metals (“Talon” or the “Company”) (TSX: TLO) is pleased to provide an update on the Tamarack Nickel-Copper-PGE project (“Tamarack Project”), located in Minnesota, USA. The Tamarack Project comprises the Tamarack North Project and the Tamarack South Project. Talon owns an 18.45% interest in the Tamarack Project.
Final Drill Results from the 2017 Tamarack Winter Exploration Program (480 Zone):
During the 2017 Tamarack winter exploration program, 11 holes were drilled to target depth. This press release concludes the reporting of results from the Tamarack winter exploration program.
- Drill hole 17TK0262 targeted a downhole electro-magnetic (“DHEM”) anomaly to the north of drill hole 17TK0255. Prior to any drilling in this area, Talon modeled the Coarse Grained Peridotite (“CGO”) from gravity and magnetic data, which predicted a gradual widening of the CGO to the north of drill hole 17TK0255.
- No significant Nickel-Copper-PGE mineralization was intercepted in drill hole 17TK0262.
- Drill hole 17TK0263 targeted a DHEM anomaly to the north of drill hole 17TK0260. The wide, CGO intercept from 378.6 meters to 535 meters in drill hole 17TK0263 validates the Talon CGO model, which was created from gravity and magnetic data.
- No significant Nickel-Copper-PGE mineralization was intercepted in drill hole 17TK0263.
Sean Werger, President of Talon, said:
“The conclusion of the winter exploration program at the Tamarack Project marks the beginning of an exciting new chapter for Talon.
More particularly, Kennecott and Talon have until September 25, 2017 to either negotiate a transaction whereby Talon will purchase Kennecott’s interest in the Tamarack Project, or proceed with an 81.55/18.45 joint venture on the Tamarack Project pursuant to a Mining Venture Agreement that has already been negotiated and is ready for signature.”
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