5 days ago
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Copper-nickel stock spikes after verifying world-class discovery
Talon Metals stock (TSX:TLO) added over 40 per cent after delivering new high-grade intercepts from its majority-owned and operated Tamarack nickel-copper-cobalt project in Minnesota
The project, under joint venture with Rio Tinto, houses a resource estimated at 148,000 tons of nickel indicated and 70,000 tons of nickel inferred
Talon Metals stock has added 50 per cent year-over-year and 92.86 per cent since 2020
Talon Metals stock (TSX:TLO) added over 40 per cent after delivering new high-grade intercepts from its majority-owned and operated Tamarack nickel-copper-cobalt project in Minnesota. The project, under joint venture with Rio Tinto, houses an estimated resource of 148,000 tons of nickel indicated and 70,000 tons of nickel inferred.
Assays from the previously announced massive sulphide intercepts in drill hole 25TK0563 came in at 34.9 metres grading 28.88 per cent nickel equivalent (NiEq) or 57.76 per cent copper equivalent (CuEq). This from a total reported intercept of 47.33 metres at 21.40 per cent NiEq or 42.79 per cent CuEq. Select assays from drill hole 25TK0563 (Source: Talon Metals)
Management is optimistic about pending assays form the drill hole, which is a 68-metre eastern step-out from 16TK0250, the highest-grade drill hole in project history.
Talon is also announcing the extension of the exclusivity period under its agreement with Lundin Mining for the latter to potentially acquire up to 70 per cent of its Boulderdash and Roland exploration targets, which are near Lundin's producing Eagle nickel-copper mine. Leadership insights
'Intercepts of this scale and grade are extremely rare, and they don't come without deep technical understanding. Our in-house geophysics team helped vector us into this target, and our in-house drill team executed it flawlessly. This result validates both the geology at Tamarack and the integrated approach we've taken to exploration. Tamarack continues to exceed expectations and has raised the bar as to what high-grade means,' Brian Goldner, Talon Metals' chief exploration and operations officer, said in a statement.
'A 34.9-metre intercept grading 28.88 per cent nickel equivalent is truly world-class. Even when you compare it to historical data from globally significant nickel deposits, intercepts like this are few and far between. From a geologic perspective, this is a bonanza result by any standard,' commented Dean Rossell, Talon's chief geologist credited with the discovery of Tamarack, Eagle and Boulderdash.
'As the United States accelerates efforts to secure domestic critical mineral supply chains for energy security and national defense, Tamarack stands out as a rare and essential piece of the puzzle. These assay results not only underscore the global significance of our deposit, but also its strategic importance to America's energy future,' added Henri van Rooyen, Talon's chief executive officer.
Talon Metals is a nickel and copper explorer active in the United States.
Talon Metals stock (TSX:TLO) is up by 42.11 per cent trading at C$0.27 as of 11:11 am ET. The stock has added 50 per cent year-over-year and 92.86 per cent since 2020.
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