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Last C$0.09 CAD
Change Today +0.01 / 12.50%
Volume 3.0K
As of 9:38 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

talon metals corp (TLO) Snapshot

Open
C$0.09
Previous Close
C$0.08
Day High
C$0.09
Day Low
C$0.09
52 Week High
09/4/14 - C$0.55
52 Week Low
07/31/15 - C$0.08
Market Cap
9.6M
Average Volume 10 Days
43.0K
EPS TTM
C$-0.19
Shares Outstanding
106.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TALON METALS CORP (TLO)

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talon metals corp (TLO) Details

Talon Metals Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in the United States. Its principal property is the Tamarack North Project, a Nickel-Copper-PGE Project that is located in Minnesota, the United States. Talon Metals Corp. is headquartered in Road Town, the British Virgin Islands.

14 Employees
Last Reported Date: 04/1/15

talon metals corp (TLO) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$250.0K
President
Total Annual Compensation: C$250.0K
Executive Chairman
Total Annual Compensation: C$200.0K
Chief Financial Officer
Total Annual Compensation: C$85.0K
Vice President of Resource Geology
Total Annual Compensation: C$94.9K
Compensation as of Fiscal Year 2014.

talon metals corp (TLO) Key Developments

Talon Metals Corp. Provides Exploration Update on the Tamarack North Nickel-Copper-PGE Project, Located in Minnesota, USA

Talon Metals Corp. provided an exploration update on the Tamarack North Nickel-Copper-PGE project, located in Minnesota, USA. This update focuses on the results of the recent follow-up drilling in the newly discovered 221 Zone. The discovery is located approximately 2 kilometers north-north-east of the Massive Sulphide Unit Mineral Zone (MSU), which forms part of the 'Tamarack Zone' (the area that comprises the company's independent mineral resource estimate). Exploration update: The drilling of drill hole 15TK0229 follows on from the new discovery of massive nickel-copper-PGE sulphides intersected in drill hole 15TK0221 and the associated off-hole DHEM anomaly located approximately 80 to 100 meters to the northwest of the hole at a depth of 700 to 800 meters below surface, which was subsequently followed up with the drilling of drill hole 15TK0228. Drill hole 15TK0228 did not intersect the DHEM conductor modelled from drill hole 15TK0221; however, the subsequent DHEM survey from drill hole 15TK0228 provided valuable additional information for more precise modelling of the set of DHEM conductors, in conjunction with gravity and magnetic data, to guide the successful follow-up drilling of drill hole 15TK0229. The intersection in drill hole 15TK0229 has confirmed the target area as a newly discovered zone of mineralization located approximately 2 kilometers north-north-east of the MSU in the Tamarack Zone. Consequently, this new zone of mineralization has been named the 221 Zone. In addition to the off-hole conductors modelled from the DHEM surveys in drill holes 15TK0221 and 15TK0228, there is also evidence from the geology, magnetic and gravity data that supports the potential for massive sulphide mineralization to extend along strike. The 221 Zone discovery was made as a result of the significant step-out drilling that was the main goal of the 2015 winter exploration program conducted by Kennecott Exploration Company to explore areas along the Tamarack Igneous Complex (TIC) that are significant step-outs from the MSU, Semi Massive Sulphide Unit Mineral Zone (SMSU) and the 138 Zone. Next steps: Based upon the positive results from drill hole 15TK0229, Talon and Kennecott wish to conduct additional drilling in the 221 Zone. Consequently, Talon has remitted $500,000 to Kennecott for additional drilling. The Company looks forward to updating its shareholders as this follow-up exploration program progresses.

Talon Metals Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Talon Metals Corp. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss of $1.3 million or $0.01 per share basic and diluted. This was primarily the result of administration expenses and investment losses. This compares to a net loss of $1.0 million or $0.01 per share (basic and diluted) for the same period in the prior year. This was primarily the result of project evaluation and due diligence expenses, administration expenses and foreign currency losses. The company's net loss for the six month period ended June 30, 2015 was $2.0 million or $0.02 per share basic and diluted. This compares to a net loss of $1.0 million or $0.01 per share basic and diluted for the same period in the prior year. Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-PGE Project for the six months ended June 30, 2015 amounted to $10.9 million, compared to $1.9 million for the same period in the prior year. The total capitalized exploration costs and deferred expenditures on the Tamarack Project to June 30, 2015 amounts to $20.6 million.

Talon Metals Corp. Provides Exploration Update on the Tamarack North Nickel-Copper-PGE Project and Tamarack South Project in Minnesota, USA

Talon Metals Corp. provided an exploration update on the Tamarack North Nickel-Copper-PGE project, as well as the area to the south both located in Minnesota, USA. The main goal of the 2015 winter exploration program was to explore areas along the Tamarack Igneous Complex (TIC) that are significant step-outs from the current Massive Sulphide Unit Mineral Zone (MSU), Semi Massive Sulphide Unit Mineral Zone (SMSU) and the 138 Zone. In regards to the 2015 winter exploration program, on May 28, 2015 the company reported a new discovery of massive sulphides located approximately 1.6 km northeast of the Tamarack Zone (drill hole 15TK0221), in an area within the Tamarack North Project known as the 480 Zone. Following the drilling of this hole, a downhole electromagnetic (DHEM) survey showed an off-hole anomaly located approximately 80 to 100 meters to the northwest of the hole at a depth of 700 to 800 meters below surface. A follow-up drill program is currently underway at site. The MSU in the Tamarack Zone is hosted along an axis at the base of the fine grained peridotite ("FGO"), referred to as "Basal FGO". The axis of the FGO resembles a keel in cross section and the Basal FGO is typically located on the axis at the lowest part of the FGO. The SMSU is hosted in the coarse grained peridotite ("CGO"), just below the base of the FGO. Also associated along the central axis between the FGO and the CGO is mixed zone mineralization ("MZ") that is often associated with disseminated mineralization, similar to what has been found in the 138 Zone (located within the Tamarack Zone). Drill holes 15TK0222, 15TK0227 and 12TK01431, which are located between 0.4 km and 0.8 km south of the Tamarack Zone, were drilled to better define the keel and target massive sulphides south of the 138 Zone (within the Tamarack Zone). Drill holes 15TK0222 and 15TK0227 intercepted MZ with associated sulphides. Very little historical drilling has been done in the northern part of the 164 Zone, nonetheless a reconstructed model of the keel axis and an analysis of drill holes 15TK0222, 15TK0227 and 12TK0143 suggests that the targeted axis of the keel was missed and is located to the east of these three holes. The new modelling combined with wide intercepts of sulphides, suggests the area between the 138 Zone (within the Tamarack Zone) and the southern part of the 164 Zone remains highly prospective for planning future exploration programs at the Tamarack North Project. The goal of drill hole 15TK0226, which is located approximately 2 km south of the Tamarack Zone, was to drill a DHEM off-hole anomaly from drill hole 12LV0142 in order to better define the location of the FGO keel, where massive sulphides may be hosted. Instead of intercepting the Basal FGO, drill hole 15TK0226 entered the FGO-sediment contact at a higher than anticipated level and therefore intercepted only 55 meters of FGO containing sulphides, including 0.7 meters of massive sulphides. A DHEM survey from drill hole 15TK0226 identified an off-hole anomaly suggesting highly conductive material to the east of the hole. This would place the anomaly in the direction of the FGO keel and therefore further exploration will be required to better understand this section of the TIC.

 

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