Announcement Date: 2022-11-02
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Talon Metals Corp.
Project name: Tamarack
Location: United States
Commodities: Gold,Palladium,Platinum,Copper,Nickel,Cobalt
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Tamarack, Minnesota (October 19, 2022) – Talon Metals Corp. (“Talon” or the “Company”) (TSX:TLO, OTC:TLOFF) has updated its mineral resource estimate for the Tamarack Nickel Project located in central Minnesota. The total indicated mineral resource estimate now stands at approximately 8.56 million tonnes grading 1.73% nickel plus by-products (2.34% NiEq) containing 148,000 tonnes of nickel (see Tables 1 and 2 below). This represents a 98% increase in the amount of contained nickel (in the indicated category) compared to the Company’s previous indicated mineral resource estimate (“PEA #3”)1 . The total inferred resource estimate, which is in addition to the total indicated mineral resource, is now at approximately 8.46 million tonnes grading 0.83% nickel plus by-products (1.19% NiEq) containing 70,000 tonnes of nickel (see Tables 1 and 2 below). The high-grade Massive Sulphide (MSU) or Mixed Massive Sulphide (MMS) now stands at 1.05 million tonnes grading 4.53% nickel plus by-products (5.76% NiEq) (in the indicated category) (see Table 3 below), containing 47,000 tonnes of nickel. This represents a 570% increase in the amount of contained nickel (MSU/MMS) compared to PEA #3. The mineral resource update also sets out the estimated amount of recoverable iron (Fe in sulphides) given this is a payable by-product under the
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