Talon Metals Update: Results from Winter Exploration Program Confirm the Widespread Potential


Posted July 30, 2015 by mtxwzx

Talon Metals Corp is pleased to provide an exploration update on the Tamarack North Nickel-Copper-PGE project

 
  ROAD TOWN, BRITISH VIRGIN ISLANDS--(Marketwired - Jul 30, 2015) - 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"), as well as the area to the south ("Tamarack South Project"), both located in Minnesota, USA.

  As reported in the Company's press release on May 11, 2015, the main goal of the 2015 winter exploration program was to explore areas along the Tamarack Igneous Complex ("TIC") that are significant step-outs from the current Massive Sulphide Unit Mineral Zone ("MSU"), Semi Massive Sulphide Unit Mineral Zone ("SMSU") and the 138 Zone (collectively referred to as the "Tamarack Zone").

  In regards to the 2015 winter exploration program, on May 28, 2015 the Company reported a new discovery of massive sulphides located approximately 1.6 km northeast of the Tamarack Zone (drill hole 15TK0221), in an area within the Tamarack North Project known as the 480 Zone (see Annexes A - C). Following the drilling of this hole, a downhole electromagnetic ("DHEM") survey showed an off-hole anomaly located approximately 80 to 100 meters to the northwest of the hole at a depth of 700 to 800 meters below surface. A follow-up drill program is currently underway at site.

  The primary purpose of this news release is to announce the results from the remaining holes drilled and assayed during the 2015 winter exploration program. For a map with collar locations of these drill holes please see Annexes A and C. The assay results are attached at Annex B.

  "We are pleased with the results of the 2015 winter exploration program at Tamarack," said Henri van Rooyen, CEO of Talon Metals. "Previously, we announced a new discovery 1.6 km northeast of the Company's resource area (the Tamarack Zone), and now we have identified mineralization trending as far as 4 km south of the Company's resource area. Kennecott has already re-commenced drilling at Tamarack, with an initial focus on the high priority target area discussed in the Company's previous press release on May 28, 2015. We look forward to updating our shareholders soon."

  The Tamarack North Project - 164 Zone

  The location of the 164 Zone is outlined in Annex A.

  The MSU in the Tamarack Zone is hosted along an axis at the base of the fine grained peridotite ("FGO"), referred to as "Basal FGO". The axis of the FGO resembles a keel in cross section and the Basal FGO is typically located on the axis at the lowest part of the FGO. The SMSU is hosted in the coarse grained peridotite ("CGO"), just below the base of the FGO. Also associated along the central axis between the FGO and the CGO is mixed zone mineralization ("MZ") that is often associated with disseminated mineralization, similar to what has been found in the 138 Zone (located within the Tamarack Zone).

  Drill holes 15TK0222, 15TK0227 and 12TK0143(1), which are located between 0.4 km and 0.8 km south of the Tamarack Zone, were drilled to better define the keel and target massive sulphides south of the 138 Zone (within the Tamarack Zone) (see Annexes A - C). Drill holes 15TK0222 and 15TK0227 intercepted MZ with associated sulphides. Very little historical drilling has been done in the northern part of the 164 Zone, nonetheless a reconstructed model of the keel axis and an analysis of drill holes 15TK0222, 15TK0227 and 12TK0143 suggests that the targeted axis of the keel was missed and is located to the east of these three holes. The new modelling combined with wide intercepts of sulphides, suggests the area between the 138 Zone (within the Tamarack Zone) and the southern part of the 164 Zone remains highly prospective for planning future exploration programs at the Tamarack North Project.

  (1) Deepening of a previously drilled hole

  The Tamarack North Project - 142 Zone

  The location of the 142 Zone is outlined in Annex A.

  The goal of drill hole 15TK0226, which is located approximately 2 km south of the Tamarack Zone, was to drill a DHEM off-hole anomaly from drill hole 12LV0142 in order to better define the location of the FGO keel, where massive sulphides may be hosted (see Annexes A - C). Instead of intercepting the Basal FGO, drill hole 15TK0226 entered the FGO-sediment contact at a higher than anticipated level and therefore intercepted only 55 meters of FGO containing sulphides, including 0.7 meters of massive sulphides. A DHEM survey from drill hole 15TK0226 identified an off-hole anomaly suggesting highly conductive material to the east of the hole. This would place the anomaly in the direction of the FGO keel and therefore further exploration will be required to better understand this section of the TIC.

  The Tamarack South Project - The Neck and the Bowl

  The location of the Tamarack South Project is outlined in Annex A.

  Drill hole 15TK0218 (located approximately 3.8 km south of the Tamarack Zone) was drilled within the "Neck" portion of the Tamarack South Project (see Annexes A - C). The "Neck" has been named as such, as it has been interpreted as a possible entry point to the larger "Bowl" or lopolithic intrusion to the south.

  As stated in the Company's press release on June 26, 2014, some of the world's largest nickel sulphide deposits are associated with the entry points of a dike-like feeder (like the Neck) entering a large chamber (like the Bowl), allowing denser sulphides to settle out from silicate magma as fluids lose velocity.

  The potential for this model is supported with the interpretation from geochemical evidence that the FGO phase is related to the rocks in the Bowl, suggesting the FGO in the Neck may represent a feeder for the Bowl with the associated implications of a large potential target.

  The results from drill hole 15TK0218 have confirmed the potential for significant mineralization within the Neck, with results showing many similar characteristics to the Tamarack Zone. For example:

  -- Assay results within the FGO in drill hole 15TK0218 contain zones of

  disseminated sulphide mineralization similar to the FGO in the Tamarack

  Zone;

  -- Assays of the approximately 520 meter wide intercept of FGO from drill

  hole 15TK0218 confirm the same geochemical trends and magmatic layering

  observed in the Tamarack Zone;

  -- The lower units of the FGO stratigraphy are best developed along the

  central axis of the FGO (referred to as the keel) where they are often

  associated with the accumulation of massive sulphides at the base of the

  FGO as seen in the Tamarack Zone. These lower stratigraphic units have

  also been identified, geochemically, in drill hole 15TK0218,

  highlighting the potential for associated proximal sulphides; and

  -- A DHEM survey from drill hole 15TK0218 shows a proximal off-hole anomaly

  (highly conductive material) coincident with the base of the FGO,

  highlighting the potential for the development of massive sulphides

  similar to the Tamarack Zone.

  The above-noted results confirm the Neck as a significant exploration target, with potential for hosting large scale, massive sulphide mineralization, and will be followed up with further exploration during future drilling programs.
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Issued By Mingtong
Country China
Categories Business
Last Updated July 30, 2015