Talon Metals reports maiden resource at Tamarack project
TORONTO (miningweekly.com) – TSX-listed Talon Metals on Tuesday reported a maiden resource estimate for its Tamarack nickel/copper/platinum project, in Minnesota.
British Virgin Islands-based Talon in June clinched an earn-in agreement with Kennecott Exploration, a subsidiary of Rio Tinto Group, to acquire a 30% interest in the Tamarack project, with a potential pathway to owning 100% of the project.
The project is comprised of the Tamarack North and the Tamarack South projects and the resource estimate was prepared by consulting engineering firm Golder Associates for Tamarack North.
The estimate found 3.75-million tonnes in the indicated category at average grades of 1.81% nickel, 1% copper, 0.05% cobalt, 0.41 g/t platinum, 0.25 g/t palladium and 0.19 g/t gold, which was equal to a grade of 2.35% nickel equivalent, at a cutoff grade of 0.9%.
The report also estimated 3.12-million tonnes in the inferred category at average grades of 1.22% nickel, 0.82% copper, 0.03% cobalt, 0.26 g/t platinum, 0.16 g/t palladium and 0.16 g/t gold, or an average grade of 1.63% nickel equivalent at a 0.9% cutoff.
"We are very pleased with the independent mineral resource estimate on a portion of the Tamarack North project. While these numbers are exciting owing to their high grade and closeness to surface, the resource area only comprises hundreds of meters along a Tamarack intrusive complex that is about 18 km in strike length by 3 km at its widest point.
“With the ongoing exploration at the Tamarack North project, we look forward to expanding the resource,” Talon executive chairperson Warren Newfield said.
Talon’s TSX-listed stock declined 12.28% on Tuesday to C$0.50 apiece, having gained 63% since the start of the year.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
