One drill hole in particular - 21TK0355 - intercepted 15.08m of mixed and massive nickel and copper mineralisation, starting at 202.86m deep. Lying only 50m away from a previous drill hole that intercepted 13.77m of massive nickel-copper mineralisation and is open along trend, the company said drill hole 21TK0355 is deeper than has been previously reported at this location, signalling another layer of massive mineralisation may be present.
Additional drill holes intercepted between 4.53m and 13.77m of mixed and massive nickel and copper mineralisation, although assays are still pending.
Talon's CEO, Henri van Rooyen, said the drill programme had gone from strength to strength.
"While maintaining a zealous focus on safety in a prolonged pandemic, the team is still able to deploy rigs in the right places, set records for metres drilled per day and add significantly to our understanding of the CGO West area," he added.
The CGO West area is about 100m northeast of Tamarack's resource area and encompasses an additional 400m area outside, where past drilling has taken place. Talon planned to explore the potential with further drilling, which will use four rigs, this year.
Talon Metals owns the high-grade Tamarack nickel-copper project in a joint venture with Rio Tinto. Talon also recently entered into an agreement with Tesla for the supply and purchase of 165 million pounds of nickel concentrate from Tamarack.
On February 1, Talon Metals traded on the Toronto Stock Exchange at C$0.67/share. Prices rose significantly following the news of the Tesla agreement on January 10 to reach a high of C$0.80/share on January 19.
