Nickel

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.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2443/137715_6e4f9207040fb8af_001.jpg
 
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 HoleFromToLengthAssay
#(m)(m)(m)Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
NiEq
(%)
CuEq
(%)
21TK0343360.47378.7118.244.911.900.130.270.400.105.9615.89
21TK0370430.68482.9452.262.751.220.070.310.540.263.549.43
21TK0380453.73477.1723.446.042.850.120.490.620.357.5820.20
22TK0397468.46533.0364.571.990.970.050.380.740.352.747.31
22TK0405380.92396.6515.734.662.420.100.350.510.255.9415.84
22TK0412456.05474.4318.386.983.120.130.510.710.278.6423.04

 

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.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2443/137715_6e4f9207040fb8af_002.jpg
 
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
 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2443/137715_6e4f9207040fb8af_003.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
malan@talonmetals.com
 

Investor Contact:

Sean Werger
1 (416) 361-9636 x102
werger@talonmetals.com

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
HOLEIDEasting (m)Northing (m)Elevation (masl)AzmDipEnd Depth (m)
22TK0324490687.75168539.4388.3137.1-72.0579.4
21TK0346490735.95168650.9390.0181.0-87.4479.5
21TK0346A490735.95168650.9390.0178.3-87.3430.4
21TK0352490701.95168743.0390.516.6-85.3489.8
21TK0359490702.45168742.2390.4153.5-79.7489.8
21TK0370490736.65168651.3390.1162.3-84.9529.7
21TK0377490757.15168601.2389.6175.9-86.9493.2
21TK0379490756.75168600.9389.5168.2-81.6498.8
21TK0380490772.85168481.3388.0111.6-85.5506.0
21TK0380A490772.85168481.3388.0111.6-85.5544.7
22TK0397490774.35168479.7388.02.4-81.1597.2
22TK0404490773.45168480.4388.0349.3-82.9508.1
22TK0404A490773.45168480.4388.0348.2-83.3518.2
22TK0405490673.45168733.5388.0123.7-77.5474.9
22TK0409490673.45168734.5388.0142.2-77.7487.7
22TK0412490774.25168481.1388.075.6-83.9518.2
22TK0413490757.65168600.8388.0289.1-83.4499.3

 
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 HoleFromToLengthAssay
#(m)(m)(m)Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
NiEq
(%)
CuEq
(%)
21TK0343360.47378.7118.244.911.900.130.270.400.105.9615.89
21TK0346A396.56401.384.822.771.520.060.170.110.083.489.29
21TK0352414427.9913.990.590.600.020.260.460.231.032.76
and434.5436.091.591.471.870.030.480.720.332.536.74
and439.62442.002.380.781.130.020.351.910.931.945.17
and448.12450.001.880.761.180.020.350.760.571.584.21
21TK0359387.48392.004.524.052.010.080.281.190.075.2614.04
and427.64463.0035.361.270.880.030.460.850.442.005.34
21TK0370430.68482.9452.262.751.220.070.310.540.263.549.43
including440.09467.527.413.621.400.090.260.430.154.4611.89
21TK0377461.36493.1731.810.990.680.020.330.680.331.564.16
21TK0379431.43432.10.673.101.160.120.300.850.043.9610.57
and434.41435.511.11.860.790.070.300.300.102.396.37
and436.98437.80.822.512.550.060.210.610.073.749.97
and451.09452.831.741.220.790.030.610.930.401.935.16
and478.44498.3919.950.660.480.020.330.570.251.102.94
21TK0380453.73477.1723.446.042.850.120.490.620.357.5820.20
including 463.41476.6413.237.223.420.140.590.740.449.0624.15
22TK0397468.46533.0364.571.990.970.050.380.740.352.747.31
including476.5513.0436.542.821.210.080.370.720.373.699.83
22TK0404A445.4458.7313.335.342.480.110.551.120.456.8618.31
including448.16458.7310.576.573.070.130.691.410.568.4622.56
22TK0405380.92396.6515.734.662.420.100.350.510.255.9415.84
including 382.42392.6810.266.203.100.140.450.660.327.8620.95
and420.28460.9540.671.000.750.030.390.780.361.634.34
22TK0409392.58403.4510.876.233.710.120.680.940.598.2321.94
and423.48424.370.891.513.870.021.673.301.974.4211.79
22TK0412456.05474.4318.386.983.120.130.510.710.278.6423.04
including459.89472.7012.818.083.470.160.570.800.299.9426.52
22TK0324No 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 https://www.newsfilecorp.com/release/137715

News Provided by Newsfile via QuoteMedia

TLO:CA,TLOFF

US EV Battery Supply Chain: Talon and Fleet Space to Pilot Satellite-Enabled Mineral Exploration Technology in the U.S.

Fleet's new "earth scanning" technology can increase drilling accuracy and decrease land disturbance in exploration for high-grade nickel deposits vital to the U.S. energy transition

Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) ("Talon" or the "Company") and Fleet Space Technologies ("Fleet") have agreed to pilot Fleet's ExoSphere rapid mineral exploration solution at Talon's exploration projects in Minnesota and Michigan. Talon is exploring for high-grade nickel deposits in the United States to supply the domestic battery supply chain with nickel and other battery materials required in the energy transition.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Horizonte Minerals PLC Announces Araguaia Approved as Strategic Minerals Project

Araguaia Nickel Project approved as a Strategic Minerals Project by the Brazilian Government

Horizonte Minerals Plc (AIM:HZM)(TSX:HZM), a nickel company with two Tier 1 assets in Brazil, is pleased to announce that its 100% owned Araguaia Nickel Project, currently in development, has been approved as a Strategic Minerals Project by the Brazilian Federal Government. This approval will ensure that the Araguaia Nickel Project is treated on a priority basis by the various Government agencies engaged in the construction and operation of the mine, through the support of an Inter-ministerial committee

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Talon Metals Joins DPI Mining's Responsible Sourcing Coalition as a Supporter

Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) ("Talon" or the "Company") and the Development Partner Institute ("DPI Mining") are pleased to announce that Talon has joined as a Supporter for the Responsible Sourcing Coalition, or RESCO.

DPI Mining and Talon share a vision for sustainability across the whole value chain and are committed to furthering the conversations and work amongst stakeholders to drive responsible sourcing in the mining sector. DPI Mining is thrilled to welcome Talon as a supporter of the work DPI Mining is doing in RESCO.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Blackstone Minerals

Nickel Sulfides Confirmed at Gold Bridge and Twilight Projects, Canada

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to provide an update on exploration progress at its Gold Bridge Au and Ni-Co Project in British Columbia (formerly the BC-Cobalt Project) and Twilight Ni-Cu Sulfide Project in Labrador.
Keep reading...Show less
nickel mine with machinery

Top 9 Nickel-producing Countries (Updated 2022)

The future for the global nickel market looks bright as the electric vehicle (EV) industry continues to grow exponentially — this could spur further mining activity in the world’s top nickel-producing countries.

Demand for nickel as a battery metal and an important component in stainless steel fabrication continues to grow, and companies and countries alike are eager to jump on the nickel production bandwagon and make their mark.

With that in mind, it’s worth knowing about the top hot spots for nickel production. Here the Investing News Network presents the top nickel-producing countries of 2021, based on the latest US Geological Survey data.

Keep reading...Show less
Blackstone Minerals

LCA Outcomes: Lowest CO2 Emission Nickel Precursor Flowsheet

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to announce that the results from an independent Life Cycle Assessment (LCA), conducted by LCA Practitioners Minviro (www.minviro.com), underpin our vision to develop an industry leading, low CO2 emission nickel sulphide project to supply into the growing lithium-ion battery industry. The results support ongoing partnership and funding efforts by validating the Ta Khoa Project (TKP) design as the route with the lowest life cycle CO2 emissions compared to emerging and existing NCM811 precursor cathode active material production routes.

Keep reading...Show less

Latest Press Releases

Related News

×