Talon Metals Corp (TSE:TLO) said it has intersected 8.39 meters of high-grade massive sulphide mineralization starting from 414.73 meters at the Tamarack Nickel-Copper-Cobalt Project in Minnesota.
The company said the results indicate an extension of mineralization to the north of historic intercepts of thick mineralization, as it was targeting a geophysical (BHEM) anomaly that was refined during the recent resurveying of an historic drill hole. It noted that assays are pending.
Talon Metals Head of Exploration Brian Goldner said in a statement: "We are excited by the results from this latest drill hole."
READ: Talon Metals advancing exciting Tamarack project, one of the US's only undeveloped nickel projects
He added: "The recent geophysical program that focused on running Borehole Electro-Magnetic surveys down existing boreholes has helped to refine off-hole anomalies into exciting new targets. The eastern limb of the high-grade Massive Sulphide Unit at the Tamarack Project has thick massive sulphide intercepts at both the north and south ends of the limb, but the middle had previously only produced thinner intercepts in historical drilling. With our high resolution BHEM we are able to show that the historic holes with thin intercepts in this zone have off-hole BHEM anomalies like the one drilled in 20TK0273, suggesting that there may be additional thick intercepts."
Talon Metals said its current program at the Tamarack Project consists of three recent drill holes with a focus on expanding the high-grade massive sulphide mineralization from the current resource area.
The company noted that the BHEM program has identified off-hole BHEM anomalies along the 140 meter zone of massive sulphide mineralization within its resource area that could potentially result in finding additional mineralization.
Talon Metals also reported that it is preparing for the arrival of a second drill rig to follow up on other MSU extensions south of the known resource where it is currently open, and to continue drilling to the north following up on new targets in the CGO Bend area.
The giant Tamarack nickel project is a 124 square kilometre asset consisting of the Tamarack North project and the Tamarack South project. Talon Metals is advancing the project in a joint venture with Rio Tinto PLC, in which Talon can earn up to a 60% stake.
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