Talon Metals Corp. is pleased to provide an exploration update on the Tamarack North Nickel-Copper-PGE project located in Minnesota, USA.
Massive nickel-copper-PGE sulphide mineralization has been intercepted approximately 1.6 km away from the Tamarack Zone, which is the area that comprises the Company's current independent mineral resource estimate.
- As reported in the Company's press release on May 11, 2015, one of the main goals of the 2015 winter exploration program was to explore areas along the Tamarack Igneous Complex ("TIC") that are significant step-outs from the current Massive Sulphide Unit Mineral Zone ("MSU"), Semi Massive Sulphide Unit Mineral Zone ("SMSU") and the 138 Zone.
- As a result, during the 2015 winter exploration program four large step-out reconnaissance holes were drilled by Kennecott Exploration Company, with the drill holes 15TK0221 and 15TK0228 being drilled approximately 1.6 km northeast of the Tamarack Zone, and drill holes 15TK0215 and 15TK0225 being drilled approximately 3 km north of the Tamarack Zone The specific area within which these holes were drilled is known as the 480 Zone (see Annexes "A", "B" and "C").
- Drill hole 15TK0221 intercepted massive nickel-copper-PGE sulphide mineralization, with 0.30 meters assaying 2.00% Nickel ("Ni"), 0.56% Copper ("Cu"), 0.53 g/t PGEs and 0.51 g/t gold ("Au"), which equates to a 2.46% nickel equivalent ("NiEq") grade basis(1). This is the first time that massive nickel-copper-PGE sulphide mineralization has been intersected in in the southern part of the 480 Zone. Note that the north-south strike length of the 480-zone is approximately 3 km.
- Following the drilling of 15TK0221, a downhole electromagnetic ("DHEM") survey showed an off-hole anomaly located approximately 80 to 100 meters to the northwest of the hole at a depth of 700 - 800 meters below surface. Consequently, drill hole 15TK0228 was initiated. Unfortunately, due to warmer than normal seasonal temperatures, the drilling of 15TK0228 had to cease, leaving the hole approximately 110 meters short of the projected depth of the DHEM plate. Drill hole 15TK0228 is the priority drill target planned when exploration recommences at the Tamarack North Project.
- In regards to drill hole 15TK0225, which was drilled approximately 3 km north of the Tamarack Zone, massive nickel-copper-PGE sulphide mineralization was intercepted, with 0.49 meters assaying 1.15% Ni, 0.55% Cu, 0.15 g/t PGEs and 0.04 g/t Au, which equates to a 1.42% NiEq grade basis. Notably, drill hole 15TK0225 consists of massive nickel-copper-PGE sulphide mineralization found at the base of the fine grained peridotite (FGO)/mixed zone mineralization (MZ), which is similar to the geological setting of the Tamarack Zone.
"This is a modern day example of how prolific nickel producing complexes came into being in years past. The discovery of massive nickel-copper-PGE sulphide mineralization, located nearly 2 km away from the Company's resource area (the Tamarack Zone), in conjunction with the off-hole DHEM anomoly located a signficant distance away from drill hole 15TK0221, is indeed a testament to the exploration potential at Tamarack and Kennecott's exploration program effectiveness," said Henri van Rooyen, CEO of Talon Metals. "We are pleased with these results and look forward to further updating our shareholders on the results from the remaining 10 holes drilled during the 2015 winter exploration program."
Source: http://www.talonmetals.com/