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Talon Metals delivers high grade and wide intercepts from its Tamarack nickel-copper-cobalt project in Minnesota

One drill hole intersected 8.4m at a grade of 8.2% nickel, 3% cobalt, 0.6 g/t palladium, 0.6 g/t platinum and 0.2 g/t gold

Talon Metals Corp. -
The thick intercept of high-grade massive sulphide mineralization was found in a zone that historically was home to much thinner intercepts

Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) revealed new drill results from its Tamarack nickel project showing thick, high-grade mineralization. 

One drill hole intersected 8.4 metres (m) at a grade of 8.2% nickel, 3% cobalt, 0.6 grams per ton (g/t) palladium, 0.6 g/t platinum and 0.2 g/t gold, or 9.8% nickel equivalent, starting at 414.7m. 

Located in Minnesota, Tamarack is a 124-square-kilometre asset that boasts over 18 kilometres of strike length, with numerous high-grade intercepts outside the current resource area. Talon is in a joint venture there with mining giant Rio Tinto PLC (LON:RIO), where the smaller firm can earn up to a 60% stake. 

READ: Talon Metals looking ahead to 'transformational' 2021 at its Tamarack high-grade nickel project in Minnesota

In a statement accompanying the results, Talon noted that the thick intercept of high-grade massive sulphide mineralization was found in a zone that historically was home to much thinner intercepts. The firm said it used high-resolution geophysics, or BHEM, to help identify nickel-copper mineralization at Tamarack.

"The year is off to an excellent start at the Tamarack nickel project - the Tamarack operational team continues to deliver high grades with wide intercepts," Sean Werger, Talon’s president said in a statement. "We expect this to be a very active and exciting year at the Tamarack nickel project with plenty of news flow. We currently have two drill rigs turning, with a third drill rig on its way to site."

Talon told shareholders it now has “increased confidence” that the area contains continuous thick high-grade nickel-copper mineralization. A 2018 resource estimate showed higher confidence indicated resources of 3.6 million tonnes at 2.5% nickel-equivalent with additional inferred resources of 4.4 million tonnes grading 2.1% nickel-equivalent.

The group plans to return to the area to drill in 2021, with the goal of moving the remaining resource up to the higher-confidence indicated category and starting a pre-feasibility study.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: Talon Metals Corp.

Price: 0.71 CAD

TSX:TLO
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Market Cap: $423.41 m
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Talon Metals Corp (TSE: TLO) Vice President of Geology Etienne Dinel joined Steve Darling from Proactive with news the company has released an updated PEA on their Tamarack Project. Dinel shares with Proactive, details about that PEA and also the most recent drill hole that is outside the...

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