Talon Metal Corp (TLOFF) closed down -4.56 percent on Monday at $0.5249 to shun the profit it has gained after the purchase of some new drill rigs. The last 12 months have been good for Talon Metals (TLOFF) stock with over a 12.24% gain in stock price, reaching a high of $0.7350 with a $397.39M market cap.
Which rigs does TLOFF have bought?
Talon Metals (TLOFF) this month reported that it has bought three new drill rigs. These new bores will be sent to grow TLOFF’s investigation of the Tamarack Intrusive Complex for extra high-grade nickel, copper, and cobalt.
- The three Boart Longyear drill rigs, two LF-160’s and one LF-230, have expanded the profundity limit and gotten Talon’s home boring armada to six drill rigs.
- The new apparatuses will zero in on investigation beyond the primary asset region, where various captures of high-grade nickel-copper mineralization have previously been found.
- The initial three zones that will be focused on are known as the 221 Zone, the 264 Zone, and the 164 Zone.
- Talon Metals likewise plans to bore a profoundly conductive oddity that sits straightforwardly beneath the primary zone asset region.
Why led TLOFF to these purchases?
- The need to get homegrown wellsprings of battery minerals like nickel has developed direr and TLOFF’s interest in new gear, individuals, and innovation to investigate battery minerals in Minnesota tends to this earnestness.
- Talon’s in-house geography and geophysics groups have previously settled the underlying high-grade zone of nickel-copper mineralization at the Tamarack Nickel Project that will supply Tesla and possibly different clients.
- Talon’s interest in these three new drill fixes and employing individuals to send them on a day in and day out premise will ideally affirm our geologists’ view that Tamarack is an “area scale” asset like other huge scope nickel sulfide areas in Canada and Russia that have been displayed to have various zones of high-grade mineralization.
- Throughout recent years, TLOFF’s in-house boring and geography groups have gone to a higher level as far as focusing on and effectively hitting high-grade nickel-copper zones at the Tamarack Nickel Project.
What does TLOFF depend on at this point?
In view of last year’s measurements, Talon Metals (TLOFF) expanded its hit proportion from half to 95% and bored a record 33,000 meters while meeting a record measure of high-grade huge sulfides. With these new rigs, TLOFF plans to surpass the previous achievements and expects to show that Minnesota has much more to add to the perfect energy change and act as a homegrown wellspring of vastly recyclable battery materials like nickel, copper, cobalt, and iron.
