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Last C$0.17 CAD
Change Today -0.01 / -5.56%
Volume 50.0K
As of 1:43 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

talon metals corp (TLO) Snapshot

Open
C$0.17
Previous Close
C$0.18
Day High
C$0.18
Day Low
C$0.17
52 Week High
08/29/14 - C$0.58
52 Week Low
04/6/15 - C$0.11
Market Cap
18.2M
Average Volume 10 Days
35.3K
EPS TTM
C$-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, is engaged in the acquisition, exploration, and development of mineral properties in Brazil. Its principal property includes the Trairão iron project comprising 1 exploration license covering approximately 9,967 hectares; 3 exploration licenses consisting of approximately 19,704 hectares; and applications for an additional 7 licenses covering a further 21,648 hectares in Pará State. 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$300.0K
President
Total Annual Compensation: C$275.0K
Executive Chairman and Member of Audit Commit...
Total Annual Compensation: C$125.0K
Chief Financial Officer
Total Annual Compensation: C$170.0K
Compensation as of Fiscal Year 2013.

talon metals corp (TLO) Key Developments

Talon Metals Corp. Announces New Discovery at Tamarack

Talon Metals Corp. provided an exploration update on the Tamarack North Nickel-Copper-PGE project located in Minnesota, USA. Massive nickel-copper-PGE sulphide mineralization has been intercepted approximately 1.6 km away from the Tamarack Zone, which is the area that comprises the Company's current independent mineral resource estimate. As reported on May 11, 2015, one of the main goals of the 2015 winter exploration program was to explore areas along the Tamarack Igneous Complex that are significant step-outs from the current Massive Sulphide Unit Mineral Zone, Semi Massive Sulphide Unit Mineral Zone and the 138 Zone. As a result, during the 2015 winter exploration program four large step-out reconnaissance holes were drilled by Kennecott Exploration Company, with the drill holes 15TK0221 and 15TK0228 being drilled approximately 1.6 km northeast of the Tamarack Zone, and drill holes 15TK0215 and 15TK0225 being drilled approximately 3 km north of the Tamarack Zone The specific area within which these holes were drilled is known as the 480 Zone. Drill hole 15TK0221 intercepted massive nickel-copper-PGE sulphide mineralization, with 0.30 meters assaying 2.00% Nickel ("Ni"), 0.56% Copper ("Cu"), 0.53 g/t PGEs and 0.51 g/t gold ("Au"), which equates to a 2.46% nickel equivalent ("NiEq") grade basis1. This is the first time that massive nickel-copper-PGE sulphide mineralization has been intersected in the southern part of the 480 Zone. Note that the north-south strike length of the 480-zone is approximately 3 km. Following the drilling of 15TK0221, 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 - 800 meters below surface. Consequently, drill hole 15TK0228 was initiated. Unfortunately, due to warmer than normal seasonal temperatures, the drilling of 15TK0228 had to cease, leaving the hole approximately 110 meters short of the projected depth of the DHEM plate. Drill hole 15TK0228 is the priority drill target planned when exploration recommences at the Tamarack North Project. In regards to drill hole 15TK0225, which was drilled approximately 3 km north of the Tamarack Zone, massive nickel-copper-PGE sulphide mineralization was intercepted, with 0.49 meters assaying 1.15% Ni, 0.55% Cu, 0.15 g/t PGEs and 0.04 g/t Au, which equates to a 1.42% NiEq grade basis. Notably, drill hole 15TK0225 consists of massive nickel-copper-PGE sulphide mineralization found at the base of the fine grained peridotite (FGO)/mixed zone mineralization (MZ), which is similar to the geological setting of the Tamarack Zone.

Talon Metals Corp. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Talon Metals Corp. reported consolidated earnings results for the first quarter ended March 31, 2015. Net loss was $0.6 million or $0.01 per basic and diluted share, which was primarily the result of administration expenses and an investment loss on shares in Tlou Energy. This compares to net income of $19,082 for the quarter ended March 31, 2014 or nil per basic and diluted share, which was primarily due to investments gains offset by project evaluation and due diligence expenses, and administration expenses. Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-PGE Project amounted to $6.2 million, compared to nil for the same period in the prior year.

Talon Metals Corp. Provides Exploration Update on the Tamarack North Nickel-Copper-PGE Project

Talon Metals Corp. provided an exploration update on the Tamarack North Nickel-Copper-PGE project located in Minnesota, USA. Drilling at the Tamarack North Project continues to intercept high grade massive nickel-copper-PGE sulphide mineralization with drill hole 15TK0219 intercepting three intersections, including 0.61 meters assaying 10.05% nickel, 5.78% copper, 27.46 g/t PGEs and 1.93 g/t gold, which equates to a 17.91% nickel equivalent grade basis. A downhole electromagnetic survey in drill hole 15TK0219 shows an off-hole anomaly at a depth and plane angle suggesting that the Massive Sulphide Unit Mineral Zone continues to the north of drill hole 14TK0211. A number of DHEM off-hole anomalies north of drill hole 15TK0219 indicate potential for massive nickel-copper-PGE sulphide mineralization to extend north of drill hole 15TK0219, along the east side of the coarse grained feldspathic peridotite (CGO). This extension would parallel the MSU found on the west side of the coarse grained feldspathic peridotite (CGO) dike. DHEM Plate MPS-213-2 suggests that the MSU extends to the northeast. Another set of DHEM off-hole anomalies point to potential additional extensions of massive nickel-copper-PGE sulphide mineralization striking southeast of the MSU towards the MSU at the base of the 138 Zone. A DHEM plate at the MSU found at the base of the 138 Zone suggests massive nickel-copper-PGE sulphide mineralization also continues northward.

 

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