Talon Briefly Grabs Higher Perch After New Study Lifts Trairao Project Over 1B Tons

Talon Metals Corp (TLO.TO) is flat again for the session at $1.05, giving back a 5-cent advance that followed the company saying the that the cumulative inferred mineral resource estimate for its Trairao iron project in Brazil now exceeds 1 billion tons, following the receipt of the initial mineral resource estimate for Target Area 3 at Trairao.

Area 3 is estimated to contain 414 million tons at an average grade of 33% iron, representing a 60% increase in the cumulative resource estimates reported for Target Areas 1 and 2.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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