The Tamarack project, a joint venture between base metals junior Talon and diversified major Rio Tinto, is continuing to expand, with more thick, high-grade nickel/copper mineralisation
TSX-listed base metals company Talon is continuing to expand the Tamarack project, a joint venture with diversified major Rio Tinto in Minnesota, with the company finding more thick, high-grade nickel/copper mineralisation in an area located outside the project’s defined resource area.
Drill hole 21TK0369 in the CGO West area contains a 29.39 m interval, grading 1.71 % nickel (2.21% nickel-equivalent).
“This represents one of the thickest intercepts encountered in the CGO West area to date. The fact that this hole is located on the western edge of the CGO West area highlights that CGO West continues to be open to the west.
“While we had intended to be finished drilling in the CGO West area by now, the high-grade nickel/copper mineralisation just seems to keep going; therefore, we feel it is prudent to continue drilling within the CGO West area to further expand our resource,” said Talon chief exploration officer Brian Goldner.
CEO Henri van Rooyen added that while drilling continued in both the CGO West and Main zones, which is the Tamarack project’s defined resource area, work towards a feasibility study was also under way, with the goal of first production in 2026.
“In addition, we recently deployed two additional drill rigs into the 264 zone (3 km north of the company’s resource area) and into the 221 zone (1 km north of the company’s resource area) to follow-up on various geophysical anomalies to identify potential satellite high-grade nickel/copper deposits,” he said.
Talon has an agreement with automotive group Tesla to supply it with 75 000 metric tonnes (165-million pounds) of nickel in concentrate (and certain by-products, including cobalt and iron) from the Tamarack project over an estimated six-year period once commercial production is achieved.
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack nickel/copper/cobalt project located in central Minnesota.