NEW YORK – Talon Metals Corp., a TSX-listed company, has announced the discovery of significant high-grade nickel-copper mineralization at its Tamarack Nickel-Copper-Cobalt Project in Minnesota. The results from 116 new drill holes suggest substantial expansion potential for the Tamarack Intrusive Complex, with 14 exploration holes striking high-grade minerals outside the known resource zones.
Key findings from the drilling campaign include:
- High-grade massive sulphides were encountered approximately 75 meters down strike from the project’s resource in the CGO East area.
- In the CGO West area, additional high-grade massive sulphides were found outside of the current resource, with this region remaining a priority for further exploration due to its open depth.
- Several drill holes in the Upper Semi-Massive Sulphide Unit intersected thick sequences of mineralization, further indicating the project’s potential.
Brian Goldner, Talon’s Chief Exploration Officer, highlighted these intercepts as clear indicators of the project’s capacity for resource growth. Alongside these promising developments, Talon celebrated a remarkable safety achievement, with their drilling crews completing three years without a recordable incident or injury, a testament to their commitment to health and safety standards.
Talon holds a 51% interest in the joint venture with Rio Tinto (NYSE:) on the Tamarack Project and retains an option to increase its stake to 60%. The project has garnered attention not only for its exploration success but also for its strategic importance in supplying critical minerals. Talon has entered into an agreement with Tesla (NASDAQ:) Inc. to supply an estimated 75,000 metric tonnes of nickel concentrate over six years once commercial production commences. This agreement underscores the growing demand for nickel in electric vehicle battery production.
The technical aspects of the project have been reviewed and validated by independent Qualified Persons including Brian Thomas (P. Geo), Roger Jackson (P. Geo), Oliver Peters (P. Eng), and Christine Pint (P.G). Additionally, Talon’s exploration efforts have been supported by significant funding from the US Department of Energy and a grant from the US Department of Defense, reflecting the strategic importance of domestic mineral resources.
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