Talon Metals Confirms Fourth Mineralized Level at the Vault Zone and Reports Additional Massive and Mixed Sulphide Intercepts
Talon Metals Confirms Fourth Mineralized
Level at the Vault Zone and Reports Additional
Massive and Mixed Sulphide Intercepts
Tamarack, Minnesota--(Newsfile Corp. - April 9, 2026) - Talon Metals Corp. (TSX: TLO) (OTCID:
TLOFF) ("
Talon
" or the "
Company
") is pleased to report new step-out drilling results from the Vault
Zone at the Tamarack Nickel-Copper-Cobalt Project in Minnesota. The latest results further support the
interpretation of the Vault Zone as a stacked mineralized system, including confirmation of a fourth
mineralized level within the broader stacked Vault Zone. Additional drilling has also supported continuity
of mineralization at other levels, while follow-up borehole electromagnetic ("
BHEM
") surveying has
identified an additional untested off-hole anomaly, highlighting potential for further expansion beyond the
current drill intercepts.
Highlights
Drill hole 25TK0566
intercepted 7.73 meters of Massive Sulphide Unit ("
MSU
") and Mixed
Massive Sulphides ("
MMS
") grading 5.56% Ni, 7.40% Cu, 0.05% Co, 6.05 g/t Pt+Pd, and 6.35 g/t
Au (12.44% NiEq or 23.30% CuEq) starting at 721.57 meters.
New drill hole 25TK0568
intercepted 10.35 meters of MSU, MMS, and disseminated sulphides
starting at 611.57 meters, confirming a fourth mineralized level within the broader Vault Zone
system.
New drill hole 25TK0568A
intercepted 8.88 meters of MSU starting at 733.16 meters, supporting
continuity of mineralization at depth within the broader Vault Zone system. Follow-up BHEM
surveying on the hole also identified an additional untested off-hole anomaly, suggesting potential
continuation of the system to the east and south. Talon plans to continue drilling to test this target
and further delineate the Vault Zone.
New drill hole 25TK0569A
intercepted two mineralized intervals in the Vault Zone, supporting
continued follow-up drilling in the area.
"The Talon in-house drilling team continues to map out new Vault Zone mineralization through our
integrated geophysics and drilling program,"
said Brian Goldner, Talon's Chief Exploration Officer.
"The intercept in drill hole 25TK0568 confirms a fourth level of mineralization at 611.57 meters, which
is higher up in the system than the deeper intercept in drill hole 25TK0568A. Drill hole 25TK0568A
also intercepted 8.88 meters of MSU and identified an additional off-hole anomaly to the southeast.
Talon will target this new off-hole BHEM anomaly next and continue to follow the mineralization with
borehole electromagnetic surveys
guiding the way."
Drill Hole 25TK0566 Assays
Drill hole 25TK0566 is an approximate 12-meter step out to the south from discovery hole 16TK0250,
which previously intercepted 8.25 meters (from 707.77 to 716.02 meters) grading 12.62% Ni, 13.88%
Cu, 0.12% Co, and 11.78 g/t Pt+Pd and 6.17 g/t Au (see the Company's
May 1, 2025, press release
).
Drill hole 25TK0566 intercepted 7.73 meters of MMS/MSU grading 5.56% Ni, 7.40% Cu, 0.05% Co,
6.05 g/t Pt+Pd, and 6.35 g/t Au (12.44% NiEq or 23.30% CuEq) starting at 721.57 meters. (See Table 1
and Figures 4 and 5).
Table 1
: Select assays for drill hole 25TK0566
Drill Hole #
From
(m)
To
(m)
Length
(m)
Assay
NiEq
(%)
CuEq
(%)
Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
Ag
(g/t)
25TK0566
721.57
729.30
7.73
5.56
7.40
0.05
2.09
3.96
6.35
24.50
12.44
23.30
including
721.57
725.11
3.54
10.51
13.61
0.10
3.74
6.86
12.52
41.57
22.46
44.91
Please refer to Table 3 for full assay results and further technical information.
New Mineralized Level of Massive Sulphide in the Vault Zone: Drill Hole 25TK0568
New drill hole 25TK0568 intercepted 10.35 meters of MSU/MMS interlayered with disseminated
sulphide starting at 611.57 meters (assays pending; see Figures 1 and 2). This newly identified
mineralized zone occurs at approximately the 610-meter level, about 100 meters above discovery hole
16TK0250, which identified MSU accumulation on the 710-meter level. Together, these results support
the interpretation of the Vault Zone as a stacked mineralized system and confirm a fourth mineralized
level within the broader Vault Zone.
Figure 1:
Drill hole 25TK0568 intercepted 10.35 meters of MSU/MMS interlayered with disseminated
sulphides starting at 611.57 meters.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/291700_92f4f07fb4345a0e_001full.jpg
Figure 2:
Cross-section of the Vault Zone looking west, demonstrating the various levels with depth
(from surface) of the mineralization. The current drilling is expanding the zone of the massive sulphide
accumulation on the 610, 710, 778, and 802 meter levels, as well as the near-vertical Stringer Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/291700_92f4f07fb4345a0e_002full.jpg
New Drill Hole 25TK0568A Supports Continuity at Depth and Identifies New BHEM Target
New drill hole 25TK0568A, drilled approximately 13 meters to the southwest of previously reported drill
hole 25TK0566, intercepted 8.88 meters of MSU starting at 733.16 meters. (Assays are pending). (See
Figures 3, 4, and 5)
This intercept ties into previously reported mineralization in drill holes 16TK0250 and 25TK0566,
supporting continuity of mineralization at depth within the broader Vault Zone system.
Follow-up BHEM surveying on drill hole 25TK0568A identified an additional untested off-hole anomaly,
suggesting potential continuation of the system to the east and south.
Figure 3:
Drill hole 25TK0568A, drilled approximately 13 meters to the southwest of previously reported
drill hole 25TK0566, intercepted 8.88 meters of MSU starting at 733.16 meters.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/291700_92f4f07fb4345a0e_003full.jpg
Figure 4:
Cross-section looking West of the middle portion of the Vault Zone showing the relationship
between the Massive Sulphide accumulation on the 710-meter level and the near-vertical Stringer Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/291700_92f4f07fb4345a0e_004full.jpg
Figure 5:
Plan View map at the 710-meter level within the Vault Zone showing intercepts of the five step
out drill holes following discovery hole 16TK0250.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/291700_92f4f07fb4345a0e_005full.jpg
New Drill Hole 25TK0569A Provides Additional Support for Expansion
New drill hole 25TK0569A targeted the 778-meter level mineralization north of discovery hole
25TK0563. The hole, drilled approximately 12 meters north of previously reported drill hole 25TK0563,
intercepted two mineralized intervals in the Vault Zone. At 694.03 meters, the hole intercepted 5.49
meters of MSU/MMS, and starting at 766.26 meters, 10.3 meters of MSU/MMS intercalated with
disseminated sulphide mineralization (See Figures 6 and 7; assays pending). These results support
continued follow-up drilling in this part of the Vault Zone.
Figure 6:
Drill hole 25TK0569A, drilled approximately 12 meters north of previously reported drill hole
25TK0563, intercepted 10.3 meters of MSU/MMS intercalated with disseminated sulphide
mineralization starting at 766.26 meters. See Figure 7 for the location with respect to other drill holes at
the same elevation.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/291700_92f4f07fb4345a0e_006full.jpg
Figure 7:
Plan View map at the 778 meter Level, showing the position of the four step out drill holes
from discovery hole 25TK0563.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/291700_92f4f07fb4345a0e_007full.jpg
Next Steps: Advancing the Vault Zone
Talon plans to continue drilling to test the off-hole BHEM anomaly identified from drill hole 25TK0568A,
while further evaluating continuity of the newly confirmed fourth mineralized level and broader expansion
potential at the Vault Zone.
About the Vault Zone
As outlined in the Company's
June 5, 2025
press release, the Vault Zone discovery drill hole 25TK0563
intercepted a combined 34.9 meters of massive sulphide mineralization grading 14.86% Ni, 15.37% Cu,
0.11% Co, 24.96 g/t Pt+Pd and 9.18 g/t Au (28.88% NiEq and 57.76% CuEq) starting at 762.34 meters,
demonstrating a new mineralized system beyond the existing resource footprint. Since discovery, Talon
has been stepping out around the system using BHEM to generate targets and precision drilling to test
continuity and extensions. Recent step-out drilling continues to intercept massive and mixed massive
sulphides, indicating that the system remains open and expandable. Three of Talon's in-house drill rigs
are actively drilling the Vault Zone to continue expanding mineralization.
Update on Tamarack Feasibility Study
As part of the ongoing feasibility study for the Tamarack Nickel-Copper-Cobalt Project, Talon is also
evaluating the potential to process Tamarack ore at the Humboldt Mill as an alternative development
pathway. Feasibility work for the Beulah Minerals Processing Facility will continue as planned while the
Company assesses this additional option. This evaluation is expected to defer the final project
configuration decision and publication of the feasibility study to the second half of 2026, while the
environmental review and permitting process is expected to continue on its current schedule.
QUALITY ASSURANCE, QUALITY CONTROL, AND QUALIFIED PERSONS
The Talon sample preparation, security, and Quality Assurance ("
QA
") / Quality Control ("
QC
") protocols
for the Tamarack Nickel-Copper Project are consistent with industry best practices and Canadian
Institute of Mining, Metallurgy and Petroleum Mineral Exploration Best Practice Guidelines (November
2018).
Talon has implemented documented QA programs that incorporate written procedures, acceptable
industry software, database organization, and standardized data presentation, all of which contribute to
confidence in the integrity of the dataset. The QC protocol has been documented (see also the
November 2022 Technical Report) and consistently applied since Talon's involvement with the Tamarack
Nickel-Copper Project.
The QA/QC program is based on the systematic insertion of certified reference materials ("
CRM
"),
including a variety of standards, blanks (materials containing no economic minerals), and duplicate
samples, which are used to monitor contamination, precision, and analytical accuracy at the primary
assay laboratory and to prevent inaccurate data from being accepted into the assay database. Samples
are submitted in batches of approximately 250 samples. Within each batch, QA/QC materials are
inserted at a rate of approximately one QA/QC sample for every ten core samples, including CRM
standards inserted at the front end of massive sulphide mineralization, blanks inserted immediately
following massive sulphide mineralization, and duplicate samples inserted approximately every 10
samples.
Sample security and chain-of-custody procedures are maintained throughout the sampling and analytical
process. Core samples are prepared and stored in a secure facility prior to shipment. Samples are
placed into plastic bins or sealed totes, which are secured using tamper-evident security tags. Before
sealing, a chain-of-custody form is placed inside each container. The containers are transported from
the core facility to the ALS laboratory in Thunder Bay, Ontario for preparation, and are subsequently
shipped to ALS Laboratories in Vancouver, British Columbia for analysis, where the chain-of-custody
documentation is signed by laboratory personnel and returned to Talon upon receipt, confirming sample
integrity.
Please see the technical report entitled "November 2022 National Instrument 43-101 Technical Report of
the Tamarack North Project - Tamarack, Minnesota" with an effective date of November 2, 2022
("
November 2022 Technical Report
") prepared by independent "Qualified Persons" (as that term is
defined in National Instrument 43-101 ("
NI 43-101
")) Brian Thomas (P. Geo), Roger Jackson (P. Geo),
Oliver Peters (P. Eng) and Christine Pint (P.G) for further information on the QA/QC, data verification,
analytical and testing procedures at the Tamarack Nickel Copper Project. Copies are available on the
Company's website (
www.talonmetals.com
) or on SEDAR+ at (
www.sedarplus.ca
). The laboratory used
is ALS Minerals who is independent of the Company.
Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently
calculated for comparison purposes between holes because of the irregular shapes of the mineralized
zones. Drill intersections have been independently selected by Talon. Drill composites have been
independently calculated by Talon. The geological interpretations in this news release are solely those of
the Company. The locations and distances highlighted on all maps in this news release are approximate.
Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-
101. Dr. Dinel is satisfied that the analytical and testing procedures used are standard industry operating
procedures and methodologies, and he has reviewed, approved and verified the technical information
disclosed in this news release, including sampling, analytical and test data underlying the technical
information.
Where used in this news release:
NiEq% = Ni% + Cu% x $4.00/$8.00 x Cu Recovery/Ni Recovery + Co% x $20.00/$8.00 x Co
Recovery/Ni Recovery + Pt [g/t]/31.103 x $1,000/$8.00/22.04 x Pt Recovery/Ni Recovery + Pd
[g/t]/31.103 x $1,000/$8.00/22.04 x Pd Recovery/Ni Recovery + Au [g/t]/31.103 x $2,000/$8.00/22.04 x
Au Recovery/Ni Recovery + Ag [g/t]/31.103 x $20.00/$8.00/22.04 x Ag Recovery/Ni Recovery
CuEq% = Cu%+ Ni% x $8.00/$4.00 x Ni Recovery/Cu Recovery + Co% x $20.00/$4.00 x Co
Recovery/Cu Recovery + Pt [g/t]/31.103 x $1,000/$4.00/22.04 x Pt Recovery/Cu Recovery + Pd
[g/t]/31.103 x $1,000/$4.00/22.04 Pd Recovery/Cu Recovery + Au [g/t]/31.103 x $2,000/$4.00/22.04 Au
Recovery/Cu Recovery + Ag [g/t]/31.103 x $20.00/$4.00/22.04 x Ag Recovery/Cu Recovery
For Ni and Cu recoveries, please refer to the formulae in the November 2022 Technical Report.
Recovery of Ni to the Cu concentrate was excluded from the NiEq calculation. The following recoveries
were used for the other metals: 64.1% for Co, 82.5% for Pt, 69.3% for Pd, and 72.6% for Au and Ag.
ABOUT TALON
Talon is a TSX-listed base metals company advancing and operating high-grade nickel-copper assets
in the United States, including 100% ownership of the Eagle Mine and Humboldt Mill in Michigan, the
only primary nickel mine currently operating in the United States, and the
Tamarack Nickel-Copper-
Cobalt Project
in Minnesota. Talon is in a joint venture with
Rio Tinto
on the high-grade Tamarack Nickel-
Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the
OTC market under the symbol TLOFF. The Tamarack Nickel-Copper-Cobalt Project comprises a large
land position (18km of strike length) with additional high-grade intercepts
outside the current resource
area
. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel-Copper-Cobalt Project and
currently owns 51%. Talon has a
neutrality and workforce development agreement
in place with the
United Steelworkers union. Talon's Beulah Mineral Processing Facility in Mercer County was
selected by
the US Department of Energy
for a US$114.8 million funding grant from the Bipartisan Infrastructure Law
and the
US Department of War awarded Talon a grant of US$20.6 million
to support and accelerate
Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified and experienced
exploration, mine permitting, mine development, operations, and community relations teams.
For additional information on Talon, please visit the Company's website at
www.talonmetals.com
or
contact:
Media Contact:
Jen Heikkila
(906) 236-2580
Investor Contact:
Mike Kicis
1 (647) 968-0060
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements". All statements, other than statements
of historical fact that address activities, events or developments that the Company believes, expects or
anticipates will or may occur in the future are forward-looking statements. These forward-looking
statements reflect the current expectations or beliefs of the Company based on information currently
available to the Company. Such forward-looking statements include statements relating to future
exploration work, including future drill holes, drill results, assays, geophysics and geological
interpretations and the timing of the feasibility study, environmental review and permitting. Forward-
looking statements are subject to significant risks and uncertainties and other factors that could cause
the actual results to differ materially from those discussed in the forward-looking statements, and even if
such actual results are realized or substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be
required by applicable securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent uncertainty therein.
Table 2: Collar Locations
Drill Hole #
Easting (m)
Northing (m)
Elevation (masl)
Azm
Dip
End Depth (m)
25TK0566
490992.5
5168401.9
388.0
167.1
-79.0
933.3
25TK0568
490992.5
5168401.9
388.0
168.9
-80.4
860.5
25TK0568A
490992.5
5168401.9
388.0
168.9
-80.4
936.8
25TK0569A
490999.3
5168292.8
388.0
89.3
-86.0
852.5
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from the survey record at collar unless otherwise noted.
Table 3: Assay Table for Drill Hole 25TK0566
Drill Hole #
From
(m)
To
(m)
Length
(m)
Assay
NiEq
(%)
CuEq
(%)
Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
Ag
(g/t)
25TK0566
421.00
547.50
126.50
0.89
0.71
0.03
0.14
0.24
0.16
3.40
1.45
2.70
and
558.50
561.69
3.19
0.91
1.19
0.02
0.43
0.37
0.58
7.77
1.95
3.59
and
581.82
589.50
7.68
0.77
0.58
0.02
0.28
0.75
0.34
3.26
1.44
2.64
and
617.84
631.81
13.97
0.68
2.44
0.01
0.58
1.30
0.23
49.89
2.74
4.63
and
721.57
729.30
7.73
5.56
7.40
0.05
2.09
3.96
6.35
24.50
12.44
23.30
including
721.57
725.11
3.54
10.51
13.61
0.10
3.74
6.86
12.52
41.57
22.46
44.91
Length refers to drill hole length and not True Width.
True Width is unknown at the time of publication.
All samples were analysed by ALS Minerals.
Nickel, copper, and cobalt grades were first analysed by a
4-acid digestion and
ICP AES (ME-MS61). Grades reporting greater than 0.25% Ni and/or 0.1% Cu,
using ME-MS61, trigger a sodium peroxide fusion with ICP-AES finish (ICP81). Platinum, palladium, and
gold are initially analyzed by a 30g fire assay with an ICP-MS finish (PGM-MS24). Any samples
reporting >1g/t Pt or Pd trigger an over-limit analysis by ICP-AES finish (PGM-ICP27) and any samples
reporting >1g/t Au trigger an over-limit analysis by AAS (Au-AA26). For Ag, ICP-AES through Aqua
regia digestion (ME-ICP 41).
Table 4: Quick Lithology Log for Drill Holes 25TK0568, 25TK0568A, and 25TK0569A
Drill Hole #
From (m)
To (m)
Length (m)
Quick Log
Sulphide Texture
25TK0568
0
39.73
OB
39.73
425.10
FGO/MZNO
Traces
425.10
555.45
130.35
FGO/MZNO
Mod. Diss.
555.45
611.57
CGO
Diss.
611.57
614.11
2.54
MMS
Mod.Diss /MMS
614.11
616.67
2.56
MSU
Massive
616.67
619.65
2.98
SED
Diss.
619.65
621.92
2.27
MSU
Massive
621.92
623.50
GAB
Diss.
623.50
624.38
SED
Diss.
624.38
625.14
0.76
MMS/MSU
Mod.
625.14
732.43
SED
Diss.
732.43
736.63
GAB
736.63
761.01
FGO/MZNO
Diss.
761.01
773.13
GAB
773.13
860.45
SED
25TK0568A
532.18
558.39
FGO/MZNO
Diss.
558.39
630.33
CGO
Diss.
630.33
637.98
SED
637.98
639.50
1.52
MMS/MSU
Mod. Semi- massive
639.50
733.16
SED
Traces