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Talon Metals Corp.
Summary
| Project: | Tamarack | |
|---|---|---|
| Deposit: | Tamarack | |
| Location: | United States | |
| Commodities: | Copper-Nickel-Cobalt-PGM-Gold | |
| Date: | 5/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-5-2017: Talon Metals Corp. announces an Exploration/Drilling Update report for its Tamarack deposit at the Tamarack project. JV - No significant intersections from assay results. Road Town, British Virgin Islands (May 24, 2017) – Talon Metals Corp. (“T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James McDonald (Internal) | |
| ABSTRACT: | Road Town, British Virgin Islands (May 24, 2017) – Talon Metals Corp. (“Talon” or the “Company”) (TSX: TLO) is pleased to provide an update on the Tamarack Nickel-Copper-PGE project (“Tamarack Project”), located in Minnesota, USA. The Tamarack Project comprises the Tamarack North Project and the Tamarack South Project. Talon owns an 18.45% interest in the Tamarack Project. During the 2017 Tamarack winter exploration program, 11 holes were drilled to target depth, as shown in Figure 1. This press release concludes the reporting of results from the Tamarack winter exploration program. Drill hole 17TK0262 targeted a downhole electro-magnetic (“DHEM”) anomaly to the north of drill hole 17TK0255. Prior to any drilling in this area, Talon modeled the Coarse Grained Peridotite (“CGO”) from gravity and magnetic data, which predicted a gradual widening of the CGO to the north of drill hole 17TK0255. The results, as shown in Figure 2, confirm this trend. No significant Nickel-Copper-PGE mineralization was intercepted in drill hole 17TK0263. “The conclusion of the winter exploration program at the Tamarack Project marks the beginning of an exciting new chapter for Talon”, said Sean Werger, President of Talon. “More particularly, Kennecott and Talon have until September 25, 2017 to either negotiate a transaction whereby Talon will purchase Kennecott’s interest in the Tamarack Project, or proceed with an 81.55/18.45 joint venture on the Tamarack Project pursuant to a Mining Venture Agreement that has already been negotiated and is ready for signature. We look forward to keeping our shareholders informed as events or decisions unfold.” | |
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