- Talon Metals (TSX:TLO) has released the latest drill hole result from its recent exploration work at the Tamarak project in Minnesota
- The drill returned the best results of the program thus far, a 10.15 per cent nickel equivalent over 7.14 metres.
- The mixed and massive sulphide intercept included nickel, copper, cobalt, palladium, platinum and gold
- The Tamarack project is a joint venture between Talon and Rio Tinto, in which Tamarack is earning-in a 60 per cent share through exploration work
- Talon Metals (TLO) is up 12.5 per cent and is trading at C$0.14 per share
Talon Metals (TSX:TLO) has released the latest drill hole result from its recent exploration work at the Tamarak project in Minnesota.
The project’s latest drill hole was the highest nickel and copper grade to date from its winter drill program.
The Tamarack project comprises the Tamarack North property and the Tamarack South property and is a joint venture between Tamarack and Rio Tinto.
The drill hole intersected 7.14 metres of mixed and massive sulphides, which graded out to 8.31 per cent nickel, 3.26 per cent copper, 0.16 per cent cobalt, 0.65 grams per tonne palladium, 0.84 grams per tonne platinum and 0.43 grams per tonne gold.
The breakdown of that result is a 10.15 per cent nickel equivalent, or a 27.06 per cent copper equivalent.
Following up from previous drill work, the program was testing the continuity of high-grade results on the project. The drill hole was 50 metres away from a previous hole that had returned high-grades.
Talon Metals CEO, Henri van Rooyen said the winter exploration program continues to deliver outstanding results. He went on to comment on the company’s upcoming plans for site.
“We believe the geophysical survey results of the winter 2020 exploration program could be the turning point for exploration at the 18-kilometre Tamarack Intrusive Complex.
“We are now preparing for our next exploration program at Tamarack, which will focus on cost-effectively making large step-outs from the resource area, with the goal of discovering entirely new massive sulphide bodies,” he said.
Talon Metals (TLO) is up 12.5 per cent and is trading at C$0.14 per share at 11:11 pm EDT.