Talon Metals Drills Significant Nickel-Copper Mineralization Intercept at Tamarack During Feasibility Study Drilling
Talon Metals (TLOFF) has announced significant nickel-copper mineralization discovery during feasibility study drilling at the Tamarack Project in Minnesota. The company intercepted a 16.09-meter mixed massive sulphide in the CGO East Zone at a depth of 359.16 meters, containing 10% to 80% sulphide content.
The intercept's position below the existing shallow Tamarack Resource Area suggests a potential 'waterfall' draining the CGO East Zone mineralization, similar to the CGO West Zone. This could add tonnage early in the Tamarack mine life with minimal additional costs.
The discovery was made using Provus, a 3-D BHEM software package developed by Novaminex in partnership with Talon. Additionally, the company has extended its exclusivity period with Lundin Mining until April 30, 2025, regarding potential earn-in agreements for the Boulderdash and Roland exploration targets near Lundin's Eagle Mine.
Talon Metals (TLOFF) ha annunciato una significativa scoperta di mineralizzazione di nichel-rame durante le perforazioni per lo studio di fattibilità presso il Progetto Tamarack in Minnesota. L'azienda ha intercettato un filone massiccio misto di solfuri di 16,09 metri nella zona CGO East a una profondità di 359,16 metri, con un contenuto di solfuri compreso tra il 10% e l'80%.
La posizione dell'intercettazione, situata sotto l'area di risorse superficiali esistente di Tamarack, suggerisce un potenziale "effetto cascata" che drenerebbe la mineralizzazione della zona CGO East, simile a quanto osservato nella zona CGO West. Questo potrebbe aumentare la quantità di minerale disponibile nelle prime fasi della vita della miniera Tamarack con costi aggiuntivi minimi.
La scoperta è stata effettuata utilizzando Provus, un software 3-D BHEM sviluppato da Novaminex in collaborazione con Talon. Inoltre, l'azienda ha esteso il periodo di esclusiva con Lundin Mining fino al 30 aprile 2025, riguardo a potenziali accordi di earn-in per i target esplorativi Boulderdash e Roland, situati vicino alla miniera Eagle di Lundin.
Talon Metals (TLOFF) ha anunciado un importante descubrimiento de mineralización de níquel-cobre durante las perforaciones del estudio de viabilidad en el Proyecto Tamarack en Minnesota. La compañía interceptó un filón masivo mixto de sulfuros de 16,09 metros en la Zona CGO Este a una profundidad de 359,16 metros, con un contenido de sulfuros que varía entre el 10% y el 80%.
La ubicación de la intercepción, bajo el área de recursos superficiales existente de Tamarack, sugiere un posible 'efecto cascada' que drena la mineralización de la Zona CGO Este, similar a la Zona CGO Oeste. Esto podría añadir tonelaje temprano en la vida útil de la mina Tamarack con costos adicionales mínimos.
El descubrimiento se realizó utilizando Provus, un software 3D BHEM desarrollado por Novaminex en asociación con Talon. Además, la compañía ha extendido su período de exclusividad con Lundin Mining hasta el 30 de abril de 2025, en relación con posibles acuerdos de earn-in para los objetivos exploratorios Boulderdash y Roland, cerca de la mina Eagle de Lundin.
Talon Metals (TLOFF)는 미네소타의 타마랙 프로젝트에서 타당성 조사 시추 중 니켈-구리 광물화가 크게 발견되었다고 발표했습니다. 회사는 CGO 동부 지역에서 깊이 359.16미터 지점에 16.09미터 길이의 혼합된 대규모 황화광층을 관통했으며, 황화광 함량은 10%에서 80% 사이였습니다.
이 관통 지점은 기존의 얕은 타마랙 자원 지역 아래에 위치해 있어, CGO 동부 지역 광물화가 CGO 서부 지역과 유사한 '워터폴' 현상으로 배수될 가능성을 시사합니다. 이는 타마랙 광산 초기 단계에서 추가 비용을 최소화하면서 광석량을 늘릴 수 있습니다.
이번 발견은 Talon과 협력해 Novaminex가 개발한 3D BHEM 소프트웨어 패키지인 Provus를 사용해 이루어졌습니다. 또한 회사는 Lundin Mining과의 독점 기간을 2025년 4월 30일까지 연장했으며, Lundin의 Eagle 광산 인근의 Boulderdash 및 Roland 탐사 목표에 대한 잠재적 인수 계약과 관련되어 있습니다.
Talon Metals (TLOFF) a annoncé une découverte significative de minéralisation nickel-cuivre lors des forages d'étude de faisabilité au projet Tamarack dans le Minnesota. La société a intercepté un filon massif mixte de sulfures de 16,09 mètres dans la zone CGO Est à une profondeur de 359,16 mètres, avec une teneur en sulfures comprise entre 10 % et 80 %.
La position de l'interception sous la zone de ressources peu profonde existante de Tamarack suggère un potentiel effet de « cascade » drainant la minéralisation de la zone CGO Est, similaire à la zone CGO Ouest. Cela pourrait augmenter le tonnage dès les premières phases de vie de la mine Tamarack avec des coûts additionnels minimes.
La découverte a été réalisée grâce à Provus, un logiciel 3D BHEM développé par Novaminex en partenariat avec Talon. De plus, la société a prolongé sa période d'exclusivité avec Lundin Mining jusqu'au 30 avril 2025, concernant d'éventuels accords d'earn-in pour les cibles d'exploration Boulderdash et Roland près de la mine Eagle de Lundin.
Talon Metals (TLOFF) hat während der Machbarkeitsbohrungen am Tamarack-Projekt in Minnesota eine bedeutende Nickel-Kupfer-Mineralisierung entdeckt. Das Unternehmen hat in der CGO East Zone in einer Tiefe von 359,16 Metern eine 16,09 Meter lange gemischte massive Sulfid-Lagerstätte durchteuft, die einen Sulfidgehalt von 10 % bis 80 % aufweist.
Die Lage des Bohrabschnitts unterhalb des bestehenden flachen Tamarack-Ressourcenbereichs deutet auf einen potenziellen 'Wasserfall' hin, der die Mineralisierung der CGO East Zone entwässert, ähnlich wie in der CGO West Zone. Dies könnte frühzeitig im Lebenszyklus der Tamarack-Mine das Fördervolumen mit minimalen Zusatzkosten erhöhen.
Die Entdeckung wurde mit Provus gemacht, einer 3D-BHEM-Software, die von Novaminex in Zusammenarbeit mit Talon entwickelt wurde. Außerdem hat das Unternehmen seine Exklusivitätsperiode mit Lundin Mining bis zum 30. April 2025 verlängert, bezüglich möglicher Earn-in-Vereinbarungen für die Explorationsziele Boulderdash und Roland in der Nähe der Eagle-Mine von Lundin.
- Discovery of significant 16.09-meter mixed massive sulphide intercept with 10-80% sulphide content
- Potential to add early-stage tonnage to mine life with minimal additional costs
- Successful implementation of advanced Provus 3-D BHEM technology improving exploration efficiency
- True widths of mineralization cannot be consistently calculated due to irregular shapes of mineralized zones
Intercept is outside of the Tamarack Resource Area at shallow depths in the CGO East Zone
Tamarack, Minnesota--(Newsfile Corp. - April 15, 2025) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (together with its subsidiaries, "Talon" or the "Company"), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project ("Tamarack Nickel Copper Project") in central Minnesota, is pleased to announce a mixed massive sulphide intercept in the CGO East Zone at the Tamarack Nickel Copper Project measuring 16.09 meters.
Figure 1: Photo of drill core from drill hole 25TK0561 at 359.16 meters depth showing 16.09 meters of mixed massive sulphide.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/248464_talonfigure1.jpg
Highlights
- Talon's in-house exploration team has been 'Infilling' and 'Outfilling' the Tamarack Resource Area for purposes of completing a feasibility study at the Tamarack Nickel Copper Project.
Once again, this exploration work has resulted in new success with drill hole 25TK0561, that was targeting a Borehole Electromagnetic ("BHEM") model below the Tamarack Resource Area, encountering significant mineralization at a depth of 359.16 meters, drilling 16.09 meters (See Figure 1) logged as
10% to80% sulphide content (the higher the percentage of sulphide, the higher the grade of nickel at the Tamarack Nickel Copper Project).Its position below the existing shallow part of the Tamarack Resource Area is important as it may represent a waterfall draining the CGO East Zone mineralization, similar to the waterfall in the CGO West Zone, where the mineralization orientation changes from near horizontal to near vertical (See Figure 2 (plan view of cross section A-A') and Figure 3 (cross section showing the potential CGO East Zone waterfall)).
- As is the case with CGO West Zone waterfall, a CGO East Zone waterfall of mineralization has the potential to add tonnage early in the Tamarack mine life, with minimal additional cost.
Brian Goldner, COO and Chief Exploration Officer of Talon, commented on the recent results, stating: "Not to sound like a broken record, but once again, borehole EM pointed to another great intercept, this time in CGO East. The really exciting part of this intercept is that the Massive Sulphide Unit appears to be plunging down below the CGO intrusion which begs the question, if it is draining where does it pool. Both the CGO East Zone and CGO West Zone, and the results from last month's intercept in the 138 Zone, show strong evidence that the Tamarack mineralization is draining to depth into areas with limited drilling."
"The timing of this record CGO East Zone intercept at shallow depth could not be more aligned with the Administration's Executive Order: "Immediate Measures to Increase American Mineral Production" from March 20, 2025," said Henri van Rooyen, CEO of Talon. "Together with last month's exceptional 8.25-meter intercept in drill hole 16TK0250, the Tamarack Nickel Copper Project is clearly demonstrating the potential for additional high-grade nickel and copper mineralization beyond the current known resource footprint."
Figure 2: Plan view of the Tamarack Resource Area, showing the location of the new mixed massive sulphide intercept in drill hole 25TK0561.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/248464_91714438b4e9f9d2_003full.jpg
Figure 3: Cross section looking North-Northeast showing location of drill hole 25TK0561 in relation to other drill holes with high-grade nickel-copper mineralization along with the interpreted down dip extension of the CGO East mineralization.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/248464_91714438b4e9f9d2_004full.jpg
Geophysical Innovation: Drill hole 25TK0561 targeted a BHEM model that was developed using Provus, a unique 3-D BHEM software package developed by Novaminex, in partnership with Talon (see Figure 4). A follow-up BHEM survey has been conducted, and Talon is reviewing the area to determine if any other historical holes should be extended to look for additional mineralization at depth.
Brian Bengert, VP of Geophysics, stated: "The Novaminex Provus EM modelling software is changing our understanding of complex conductivity structures that are the focus of major nickel massive sulphide deposits. While industry standard EM modelling should only be applied to a single borehole at a time, Provus can model entire conductive systems from multiple holes simultaneously. In this case, we were able to model a complicated electromagnetic conductor that was winding its way between our boreholes beneath the CGO East mineralization. This was not apparent in the individual plate models of traditional modelling and the target yielded some great results."
Figure 4: View of the Provus BHEM model that combines surveys from multiple drill holes into a single ribbon model, better fitting the BHEM response with a conductive system rather than the industry standard of modelling plates to individual drill holes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/248464_91714438b4e9f9d2_005full.jpg
Lundin Earn-in Agreement Update
Talon and Lundin Mining Corporation ("Lundin Mining") have extended the exclusivity period until April 30, 2025, as the parties continue to work on the earn-in and related agreements pursuant to which Lundin Mining may acquire up to a
QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS
Please see the technical report entitled "November 2022 National Instrument 43-101 Technical Report of the Tamarack North Project - Tamarack, Minnesota" with an effective date of November 2, 2022 ("November 2022 Technical Report") prepared by independent "Qualified Persons" (as that term is defined in National Instrument 43-101 ("NI 43-101")) Brian Thomas (P. Geo), Roger Jackson (P. Geo), Oliver Peters (P. Eng) and Christine Pint (P.G) for information on the QA/QC, data verification, analytical and testing procedures at the Tamarack Nickel Copper Project. Copies are available on the Company's website (www.talonmetals.com) or on SEDAR+ at (www.sedarplus.ca). The laboratory used is ALS Minerals who is independent of the Company.
Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently calculated for comparison purposes between holes because of the irregular shapes of the mineralized zones. Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon. The geological interpretations in this news release are solely those of the Company. The locations and distances highlighted on all maps in this news release are approximate.
Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-101. Dr. Dinel is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information.
Where used in this news release:
NiEq% = Ni% + Cu% x
CuEq% = Cu%+ Ni% x
For Ni and Cu recoveries, please refer to the formulae in the November 2022 Technical Report. Recovery of Ni to the Cu concentrate was excluded from the NiEq calculation. The following recoveries were used for the other metals:
ABOUT TALON
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to
For additional information on Talon, please visit the Company's website at www.talonmetals.com or contact:
| Media Contact: Jessica Johnson 1 (218) 460-9345 johnson@talonmetals.com | Investor Contact: Mike Kicis 1 (647) 968-0060 kicis@talonmetals.com |
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to future exploration work, including future drill results and assays, geologic and geophysical interpretations, potential tonnage for a future potential mine, and whether Talon will enter into the earn-in and related agreements with Lundin Mining. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Table 1: Collar Locations of Drill Holes not Previously Disclosed
| Drill Hole (#) | Easting (m) | Northing (m) | Elevation (masl) | Azm | Dip | End Depth (m) |
| 24TK0507 | 490677.7 | 5169020.1 | 388.0 | 84.1 | -61.4 | 619.5 |
| 24TK0536 | 491111.4 | 5169076.7 | 388.0 | 235.6 | -54.2 | 374.0 |
| 24TK0539 | 491112.0 | 5169077.1 | 388.0 | 227.2 | -58.1 | 370.9 |
| 25TK0561 | 490842.9 | 5168859.1 | 388.0 | 23.0 | -64.0 | 389.2 |
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from the survey record at collar unless otherwise noted.
Table 2: Quick Lithology Log
| Drill Hole (#) | From (m) | To (m) | Length | Quick Log | % Sulphides |
| 24TK0536 | 0 | 53.64 | OB | ||
| 53.64 | 343.35 | FGO/MZNO | Traces | ||
| 343.35 | 344.17 | 0.82 | MMS/MSU | ||
| 344.17 | 349.3 | SED | |||
| 349.3 | 351.35 | 2.05 | MMS/MSU | 20 | |
| 351.35 | 373.99 | SED | |||
| 24TK0539 | 0 | 48.16 | OB | ||
| 48.16 | 307.32 | FGO/MZNO | Traces | ||
| 307.32 | 309.19 | 1.87 | MMS/MSU | ||
| 309.19 | 370.94 | SED | |||
| 25TK0561 | 0 | 42.67 | OB | ||
| 42.67 | 290 | FGO/MZNO | Traces | ||
| 290 | 353.1 | CGO | 1 | ||
| 353.1 | 354.4 | SED | |||
| 354.4 | 359.16 | CGO | Traces | ||
| 359.16 | 367.63 | 8.47 | MMS/MSU | 15 | |
| 367.63 | 371.33 | 3.7 | GAB | ||
| 371.33 | 375.25 | 3.92 | MMS/MSU | ||
| 375.25 | 389.23 | SED |
Quick lithology log of drill holes: Overburden (OB) Meta-sedimentary rocks (SED); Coarse-grained Orthocumulate (CGO); Fine-grained Orthocumulate/ Mixed Zone (FGO/MZNO); Gabbro (GAB); Massive and mixed sulphide (MMS/MSU).
Table 3: Assay Table for Drill Hole 24TK0507
| Drill Hole (#) | From (m) | To (m) | Length (m) | Assay | NiEq (%) | CuEq (%) | |||||
| Ni (%) | Cu (%) | Co (%) | Pd (g/t) | Pt (g/t) | Au (g/t) | ||||||
| 24TK0507 | 274.95 | 292.00 | 17.05 | 0.47 | 0.26 | 0.02 | 0.17 | 0.28 | 0.13 | 0.74 | 1.82 |
| and | 382.50 | 422.59 | 40.09 | 0.72 | 0.51 | 0.02 | 0.27 | 0.48 | 0.22 | 1.15 | 2.90 |
| including | 402.00 | 418.00 | 16.00 | 0.96 | 0.67 | 0.02 | 0.41 | 0.69 | 0.28 | 1.50 | 3.84 |
| and | 456.95 | 457.88 | 0.93 | 7.57 | 4.30 | 0.06 | 8.41 | 22.00 | 7.10 | 14.42 | 39.63 |
| and | 485.45 | 487.40 | 1.91 | 1.15 | 0.87 | 0.02 | 0.95 | 1.53 | 0.61 | 2.01 | 5.20 |
Length refers to drill hole length and not True Width.
True Width is unknown at the time of publication.
All samples were analysed by ALS Minerals. Nickel, copper, and cobalt grades were first analysed by a 4-acid digestion and ICP AES (ME-MS61). Grades reporting greater than
For Ni and Cu recoveries, please refer to the formulae in the November 2022 Technical Report. Recovery of Ni to the Cu concentrate was excluded from the NiEq calculation.
The following recoveries were used for the other metals:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248464
FAQ
What is the significance of Talon Metals' (TLOFF) new 16.09-meter mineralization discovery?
How deep was the new mineral intercept found at Talon Metals' (TLOFF) Tamarack Project?
What technology did TLOFF use to discover the new mineralization at Tamarack?
What is the status of TLOFF's agreement with Lundin Mining as of April 2025?
