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Talon Metals announces its initial resource estimate on the Tamarack Nickel-Copper-Platinum Project
ROAD TOWN, Tortola, British Virgin Islands , Sept. 2, 2014 /CNW/ - Talon Metals Cor...
About this update from Talon Metals Corp.
[{"type":"text","content":"\n\n\n\n\nROAD TOWN, Tortola, British Virgin Islands, Sept. 2, 2014 /CNW/ - Talon Metals Corp. (\"Talon\" or the \"Company\") (TSX:TLO) is pleased to announce an independent mineral resource estimate prepared in accordance with National Instrument 43-101 (\"NI 43-101\") on the Tamarack Nickel-Copper-Platinum Project (the \"Tamarack Project\") located in Minnesota, USA.  The Tamarack Project comprises two separate projects, being the Tamarack North Project and the Tamarack South Project.  The independent mineral resource estimate described in this news release has been prepared in respect of the Tamarack North Project.  As announced by the Company on June 26, 2014, Talon has the right to acquire an initial 30% stake in the Tamarack Project from Kennecott Exploration Company (\"Kennecott\"), a subsidiary of the Rio Tinto Group.\n\nRESOURCE HIGHLIGHTS\n\n\n3.75 million tonnes in the indicated category at average grades of 1.81% Ni, 1.00% Cu, 0.05% Co, 0.41 g/t Pt, 0.25 g/t Pd and 0.19 g/t Au (which equates to a 2.35% Ni equivalent (\"NiEq\") grade basis) at a 0.9% NiEq cut-off. \nAn additional 3.12 million tonnes in the inferred category at average grades of 1.22% Ni, 0.82% Cu, 0.03% Co, 0.26 g/t Pt, 0.16 g/t Pd and 0.16 g/t Au (which equates to a 1.63% Ni equivalent grade basis) at a 0.9% NiEq cut-off.\n\"We are very pleased with the independent mineral resource estimate on a portion of the Tamarack North Project that we are able to report today\", said Warren Newfield, Executive Chairman of Talon.  \"While these numbers are exciting due to their high grade and closeness to surface, the resource area only comprises hundreds of meters along a Tamarack Intrusive Complex that is approximately 18km in strike length by 3km at its widest point.  With the ongoing exploration at the Tamarack North Project, we look forward to expanding the resource.\"\n\nRESOURCE ESTIMATE\n\nThe independent mineral resource estimate for the Tamarack North Project has been prepared by Mr. Brian Thomas (B.Sc, P.Geo), Senior Resource Geologist at Golder Associates Ltd. (\"Golder\") and is summarized in Table 1 below. The effective date of the resource estimate is August 29, 2014.  Mr. Brian Thomas is an independent \"Qualified Person\" pursuant to NI 43-101.\n\nTable 1: Tamarack North 2014 Resource Estimate (Effect...