01-05-2025
- Business
- The Market Online
Talon's Tamarack yields highest grades in its history
Talon Metals (TSX:TLO) has produced the highest grades ever reported from its 51-per-cent-owned Tamarack nickel, copper and cobalt project in Minnesota
The highlight intercept delivered 8.25 meters grading 23.28 per cent nickel equivalent or 48.87 per cent copper equivalent
Talon Metals is a base metals explorer and developer active in Michigan and Minnesota
Talon Metals stock has given back 38.24 per cent year-over-year and 4.55 per cent since 2020
Talon Metals (TSX:TLO) has produced the highest grades ever reported from its 51-per-cent-owned Tamarack nickel, copper and cobalt project in Minnesota. The project, operated under a joint venture with Rio Tinto, features 18 kilometres of strike length and a resource estimated at nearly 200,000 tons of nickel. Talon has an earn-in right to acquire up to 60 per cent of the project.
The highlight intercept delivered 8.25 meters grading 23.28 per cent nickel equivalent or 48.87 per cent copper equivalent, including 12.62 per cent nickel, 13.88 per cent copper, 0.12 per cent cobalt and 17.95 grams per ton (g/t) platinum group elements and gold.
The intercept is 150 meters below and 50 meters south of the nickel-copper mineralization within the main Tamarack Resource Area, potentially representing a new source of massive sulphides with little historical drilling.
According to Thursday's news release, Talon is following up to test a borehole electromagnetic anomaly in drillholes 16TK0250, 25TK0552 and 25TK0562, which may indicate nearby high-grade mineralization, as pictured below: (Source: Talon Metals)
As detailed in February, Talon has been busy with infilling and outfilling the Tamarack Resource Area to inform an environmental impact statement and upcoming feasibility study.
The company also recently extended the exclusivity period until May 31 under its earn-in agreement with Lundin Mining, which may acquire up to 70 per cent of the Boulderdash and Roland exploration targets near Lundin's Eagle Mine, representing about 33,000 acres of mineral rights out of Talon's over 400,000 acres in the state of Michigan. Talon is planning on drilling at Boulderdash in mid-May. Leadership insights
'It is always thrilling to make a discovery, let alone one outside of a resource area, but for it to also be the highest-grade intercept ever at Tamarack is just icing on the cake,' Brian Golder, Talon Metals' chief exploration and operating officer, said in a statement. 'It's also a great example of how polymetallic deposits can be so impressive. This 8.25 meter intercept would be exciting if it was only the gold values, or the PGE values, or the copper values, or the nickel values, but to have all of them together makes this intercept exceptional.'
Talon Metals is a base metals explorer and developer active in Michigan and Minnesota.
Talon Metals stock (TSX:TLO) last traded at C$0.10. The stock has given back 38.24 per cent year-over-year and 4.55 per cent since 2020.
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(Top photo of drill core from the extension of drill hole 16TK0250 showing 8.25 meters grading 12.62 per cent nickel, 13.88 per cent copper, 0.12 per cent cobalt and 17.95 g/t platinum group elements and gold: Talon Metals)
