Talon Metals Update: Drilling at Tamarack Continues to Intersect High Grade Massive Sulphide Mineralization
(firmenpresse) - ROAD TOWN TORTOLA, BRITISH VIRGIN ISLANDS -- (Marketwired) -- 05/11/15 -- Talon Metals Corp. ("Talon" or the "Company") (TSX: TLO) is pleased to provide an exploration update on the Tamarack North Nickel-Copper-PGE project ("Tamarack North Project") located in Minnesota, USA.
"Just one month ago, Talon announced a 167% increase in tonnage for the inferred massive sulphide resource at the Tamarack North Project. Now, the recent results from drill hole 15TK0219, along with several off-hole anamolies, suggest that further growth in the massive nickel-copper-PGE sulphide resource can be expected during future drill programs at Tamarack", said Henri van Rooyen, CEO of Talon Metals.
(1)NiEq percentages quoted in this news release are calculated using the following formula: NiEq% = Ni%+ Cu% x 2.91/9.20 + Co% x 14/9.20 + Pt (g/t)/31.103 x 1,400/9.2/22.04 + Pd (g/t)/31.103 x 600/9.2/22.04 + Au (g/t)/31.103 x 1,300/9.2/22.04
STATUS OF THE 2015 WINTER EXPLORATION PROGRAM
The winter exploration program at the Tamarack Project commenced in January 2015 and concluded in late March. During the program, 15 holes totaling 8,099 meters were drilled by Kennecott Exploration Company (see Annexes "C" and "D").
The premise behind the winter exploration program was twofold:
Discussion of Results from Drill Hole 15TK0219 and DHEM Surveys
Due to a deviation of drill hole 15TK0219, only the eastern edge of DHEM plate MPS-219-1 was intersected; nonetheless, three intersections of massive nickel-copper-PGE sulphide mineralization were recorded in drill hole 15TK0219, as follows:
Quality Assurance, Quality Control and Qualified Persons
Please see the technical report entitled "First Independent Technical Report on the Tamarack North Project, Tamarack, Minnesota" dated October 6, 2014 (the "Tamarack North Technical Report") prepared by independent "Qualified Persons" Brian Thomas (P. Geo) of Golder, Paul Palmer (P. Eng) of Golder and Manochehr Oliazadeh Khorakchy (P. Eng) of Hatch Ltd. for information on the QA/QC, analytical and testing procedures employed by Kennecott Exploration Company at the Tamarack North Project. Copies are available on the Company''s website () or on SEDAR at ().
Widths are drill intersections and not true widths. True widths cannot be consistently calculated for comparison purposes between holes because of the irregular shapes of the mineralized zones. Therefore some drill holes drilled down-plunge may have mineralized intersections greater than the average width and thickness of the mineralized zone.
Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon.
James McDonald, Vice President, Resource Geology of Talon and Mike Shaw, Vice President, Exploration of Talon are both Qualified Persons within the meaning of NI 43-101. Messrs. McDonald and Shaw are satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and they have reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information.
About Talon
Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel-Copper-PGE Project in Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project). The Company has a well-qualified exploration and mine management team with extensive experience in project management.
For additional information on Talon, please visit the Company''s website at .
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, among other things, statements relating to the Tamarack Project with respect to the potential extension and continuation of the MSU to the north of drill holes 14TK0211 and 15TK0219, the potential extension of the MSU to the northeast and to the southeast and northward of the 138 Zone, the form and extent of mineralization, targets, goals, objectives and plans, including plans for the release of remaining 2015 winter exploration program results. 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. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: failure to establish estimated mineral resources, the grade, quality and recovery of mineral resources varying from estimates, the uncertainties involved in interpreting DHEM surveys, drilling results and other geological data, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources, uncertainties relating to the financing needed to further explore and develop the properties or to put a mine into production and other factors (including exploration, development and operating risks)).
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.
ANNEX "A"
Plan View and Long Section (looking west) showing Drill Hole 15TK0219 in relation to DHEM Plates in the Tamarack Zone
To view Figure 1: Plan Map - MSU and its Relationship to the DHEM Plate Anomalies, please visit the following link: .
To view Figure 2: Long Section (looking west) - MSU and its Relationship to the DHEM Plate Anomalies, please visit the following link: .
ANNEX "B"
All samples were analysed by ALS Chemex. Nickel, copper, and cobalt grades were first analysed by a 4 acid digestion and ICP AES (ME-4ACD81). Grades reporting approximately 1%, using ME-4ACD81, triggered an AAS finish. If the results were greater than 1% then a Sodium Peroxide Fusion with ICP-AES finish was used (ICP81). Platinum, palladium and gold are initially analysed by fire assay with a mass spectral finish (PGM-MS24). Over limits triggered an ICP-AES finish (PGM-ICP27).
Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon using a 0.72% NiEq cut-off, which is consistent with the approximate 0.72% NiEq cut-off that was used to constrain the 3D mineral envelopes in areas of continuous mineralization as per the Tamarack North Technical Report.
NiEq percentages are calculated using the following formula: NiEq% = Ni%+ Cu% x 2.91/9.20 + Co% x 14/9.20 + Pt (g/t)/31.103 x 1,400/9.2/22.04 + Pd (g/t)/31.103 x 600/9.2/22.04 + Au (g/t)/31.103 x 1,300/9.2/22.04.
Sample lengths and grades have been rounded to two decimals.
Annex "C"
Annex "D"
To view Figure 3: Map of TIC Showing all Winter Exploration Program Drill Holes, please visit the following link: .
Contacts:
Talon Metals Corp.
Sean Werger
President
(416) 361-9636 x247
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Datum: 11.05.2015 - 09:22 Uhr
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News-ID 1357837
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