Markets

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.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More