23 Mar Talon Metals publishes numerous nickel-copper intercepts at Tamarack project in US
TSX-listed base metals company Talon Metals has unveiled a fresh array of assay results from its Tamarack nickel project in the US state of Minnesota, with one intercept returning 5.96% nickel equivalent for 15.09 metres.
The new drill results from the CGO West area outside the main resource continue to demonstrate shallow high-grade nickel-copper mineralisation, the company said in an update to the market today.
CGO West lies approximately 100 metres North-North-East of the Tamarack project’s resource area and extends for an additional 400 metres. Drilling from the area intersected thick, high-grade nickel-copper mineralisation, suggesting a high grade expansion to the East and the North.
Other drill hole highlights included 5.54 metres at 2.05% nickel equivalent, 3.47 metres grading 3.29% nickel equivalent and 4.05 metres at 3.81% nickel equivalent.
“Given Talon’s recent offtake announcement with Tesla, we are continuing to progress drilling rapidly at the Tamarack Nickel Project, with the goal of completing the necessary feasibility studies,” Talon’s chief exploration and operating officer Brian Goldner said.
In January, Talon secured an agreement with Tesla to supply it with 75,000 metric tonnes of nickel concentrate (and certain by-products, including cobalt and iron) from the Tamarack project over an estimated six-year period once commercial production is achieved.
“Today’s announcement further confirms the high-grade nature of our deposit and that the project continues to expand as we drill,” Goldner added.