Sep 3 2015
Talon Metals Corp. is pleased to provide an exploration update on the Tamarack North Nickel-Copper-PGE project, located in Minnesota, USA. This update focuses on the results of the recent follow-up drilling in the newly discovered 221 Zone.
The discovery is located approximately 2 kilometers north-north-east of the Massive Sulphide Unit Mineral Zone ("MSU"), which forms part of the "Tamarack Zone" (the area that comprises the Company's independent mineral resource estimate).
HIGHLIGHTS
- Drill hole 15TK0229 intercepted a 9.88 meter zone of disseminated and massive nickel-copper-PGE sulphide mineralization from 693.79 meters depth assaying 2.35% Ni, 1.40% Cu, 0.77g/t PGE's and 0.17g/t Au which equates to a 3.04% nickel equivalent ("NiEq") grade basis (see Annex B).
- The lower 2.84 meters of this intersection from 700.83 meters depth consists predominantly of massive nickel-copper-PGE sulphide mineralization assaying 7.68% Ni, 4.59% Cu, 2.41 g/t PGE's and 0.53 g/t Au, which equates to a 9.87% NiEq grade basis, and also includes a 1.63 meter basal zone of high-grade massive sulphide mineralization assaying 9.33% Ni, 5.14% Cu, 3.65 g/t PGE's and 0.71 g/t Au which equates to a 12.01% NiEq grade basis.
- The intersection successfully tested the prominent off-hole conductors modelled from the downhole electromagnetic ("DHEM") surveys from recently drilled holes 15TK0221 and 15TK0228 (see Annex B for further information on these drill holes). This work, in conjunction with 3D-DHEM modelling, suggests that these conductors are continuous along strike. The DHEM survey of drill hole 15TK0229 is currently in progress and modelling of the data collected will commence shortly.
"Stepping out two kilometers north-north-east of the MSU located within the Tamarack Zone and intercepting exceptionally high grade massive sulphide mineralization in two out of three holes where there is zero mineral expression at surface and with no drill holes for a further two kilometers along strike, is once again testament to the effective deployment of intellectual property designed and integrated by the Kennecott team at Tamarack", said Henri van Rooyen, CEO of Talon Metals. "The 221 Zone discovery reaffirms the potential for widespread massive sulphide mineralization occurring along the 18 kilometer Tamarack Igneous Complex."
EXPLORATION UPDATE
The drilling of drill hole 15TK0229 follows on from the new discovery of massive nickel-copper-PGE sulphides intersected in drill hole 15TK0221 and the associated off-hole DHEM anomaly located approximately 80 to 100 meters to the northwest of the hole at a depth of 700 to 800 meters below surface, which was subsequently followed up with the drilling of drill hole 15TK0228 (see the Company's press release on May 28, 2015).
Drill hole 15TK0228 did not intersect the DHEM conductor modelled from drill hole 15TK0221; however, the subsequent DHEM survey from drill hole 15TK0228 provided valuable additional information for more precise modelling of the set of DHEM conductors, in conjunction with gravity and magnetic data, to guide the successful follow-up drilling of drill hole 15TK0229.
The intersection in drill hole 15TK0229 has confirmed the target area as a newly discovered zone of mineralization located approximately 2 kilometers north-north-east of the MSU in the Tamarack Zone. Consequently, this new zone of mineralization has been named the "221 Zone" (See Annex A). In addition to the off-hole conductors modelled from the DHEM surveys in drill holes 15TK0221 and 15TK0228, there is also evidence from the geology, magnetic and gravity data that supports the potential for massive sulphide mineralization to extend along strike.
The 221 Zone discovery was made as a result of the significant step-out drilling that was the main goal of the 2015 winter exploration program conducted by Kennecott Exploration Company ("Kennecott") to explore areas along the Tamarack Igneous Complex ("TIC") that are significant step-outs from the MSU, Semi Massive Sulphide Unit Mineral Zone ("SMSU") and the 138 Zone (collectively referred to as the "Tamarack Zone").
Source: http://www.talonmetals.com/