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Last C$0.09 CAD
Change Today 0.00 / 0.00%
Volume 41.0K
As of 3:58 PM 08/28/15 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$0.09
Day High
C$0.09
Day Low
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52 Week High
09/2/14 - C$0.58
52 Week Low
07/31/15 - C$0.08
Market Cap
9.6M
Average Volume 10 Days
33.7K
EPS TTM
C$-0.19
Shares Outstanding
106.8M
EX-Date
--
P/E TM
--
Dividend
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Dividend Yield
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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. 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.

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.

 

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