Rio Tinto PLC Stock – Talon Metals Corp reveals blockbuster intersection of over 2.3% nickel from its ongoing Tamarack drill program
Talon told investors that the hole is expected to add significant tonnage and grade to both the lower and upper semi-massive sulphide units
Talon Metals Corp () (OTCMKTS:TLOFF) (FRA:TAO) revealed a blockbuster interval from its ongoing drill program at its Tamarack nickel project, highlighting the project’s potential for “significant” tonnage and grade.
Drilling intersected 138.18 metres (m) at a grade of 1.7% nickel, 1% copper, or 2.3% nickel equivalent or 6% copper equivalent, starting at 317.5m.
Within the interval, Talon intersected 82.5m grading 2.1% nickel, 1.2% copper (2.7% nickel equivalent or 7.2% copper equivalent) starting at 317.5m, including 39m grading 3.1% nickel, 1.6% copper (3.9% nickel equivalent or 10.5% copper equivalent) starting at 346m.
READ: Talon Metals seeing promising nickel mineralization at previously undrilled target on the Tamarack nickel project
The drill hole was a 25m step out into an undrilled area in the northern portion of the Tamarack nickel project’s current resource area, the company said in a statement.
Talon told investors that the hole is expected to add significant tonnage and grade to both the lower and upper semi-massive sulphide units.
“The story with drill hole 20TK0277 is really about higher than expected grades and length,” said Brian Goldner, vice president of exploration for Talon.
Goldner told shareholders that the company was expecting grades of between 1.2% and 1.8% nickel, thanks to historical drilling, but intersected grades above 3% nickel in the higher grade core portion of the drill hole.
“Additionally, we were not expecting to hit mineralization in the lower portion of the semi-massive sulphide unit starting at about 400 meters,” Goldner added.
“All told, this single drill hole is expected to have a significant impact on the Tamarack nickel project, as it is expected to increase the grade and length of the semi-massive sulphide unit, which could ultimately translate into improved economics for the Tamarack nickel project.
Follow-up drilling just east of the hole is necessary so Talon may assess just how much larger the semi-massive sulphide unit can get, it added.
Tamarack is part of a joint venture with () and comprises the Tamarack North project and the Tamarack South project, which spans an 18-kilometre land position with numerous high-grade intercepts outside the current resource area.
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