Talon Metals Makes Second Historic Discovery in a Month at Tamarack: 34.9 Meters of Massive Nickel Mineralization Intercepted in a New Zone Most Significant Massive Nickel Mineralization Intercepted in Tamarack History in a Second New Zone Below the Tamarack
Talon Metals Makes Second Historic
Discovery in a Month at Tamarack: 34.9 Meters
of Massive Nickel Mineralization Intercepted in
a New Zone
Most Significant Massive Nickel Mineralization Intercepted in
Tamarack History in a Second New Zone Below the Tamarack
Resource Area
Tamarack, Minnesota--(Newsfile Corp. - May 12, 2025) - Talon Metals Corp.
(TSX: TLO) (OTC Pink:
TLOFF) (together with its subsidiaries,
"Talon"
or the
"Company"
), the majority owner and operator of
the Tamarack Nickel-Copper-Cobalt Project ("
Tamarack Nickel Copper Project
") in central
Minnesota, is pleased to announce a historic massive sulphide ("
MSU
") intercept measuring a
cumulative 34.9 meters at the Tamarack Nickel Copper Project.
Figure 1: Photo of drill core from drill hole 25TK0563 at 762.34 meters depth showing a
cumulative 34.9 meters of massive nickel mineralization
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/251667_04828e98346709fa_001full.jpg
Highlights:
Drill hole 25TK0563 intercepted a cumulative length of 34.9 meters of massive nickel
mineralization starting at 762.34 meters (over a total length of 47.33 meters).
The drill hole was targeting a series of Borehole Electromagnetic ("
BHEM")
anomalies identified
from previous drill holes 25TK0562 and 16TK0250.
The previous record drilling thickness of MSU at the Tamarack Nickel Copper Project was 23.44
meters from drill hole 21TK0380 (see press release dated
September 22, 2022
).
The MSU in drill hole 25TK0563 appears to be very similar to the MSU in drill hole 16TK0250
extension suggesting grades may be similar (see Table 2).
Disseminated and vein mineralization above the MSU in drill hole 25TK0563 shows chalcocite and
bornite suggesting high copper content similar to drill hole 16TK0250.
Drill hole 25TK0563 represents an approximate 68 meter step-out to the east from the intercept in
drill hole 16TK0250.
BHEM surveys are currently being conducted on drill hole 25TK0563.
"In my 19 years working on the Tamarack Project, I've never seen anything like this. This 34.9-meter
intercept of high-grade massive sulphide isn't just the longest ever recorded at Tamarack - it's a
defining moment. It confirms what we've believed all along: that Tamarack is a truly world-class
system. This project is essential to America's critical mineral independence, offering a domestic
source of nickel and copper at a time when the United States needs it most,"
said Brian Goldner,
Talon's Chief Exploration and Operations Officer.
Background
Since Talon's press release dated
February 3, 2025
, Talon's in-house exploration team has been
'Infilling' and 'Outfilling' the Tamarack Resource Area for purposes of completing a feasibility study
at the Tamarack Nickel Copper Project.
This work is in support of Talon's Proposed Action (a
highly detailed project description) in its Environmental Assessment Worksheet to support the
preparation of an Environmental Impact Statement.
Historic drill hole 16TK0250 was re-examined and extended from 649 meters depth in order to
evaluate a subtle BHEM response observed in the data.
The drill hole encountered significant mineralization at a depth of 707.75 meters, intersection
8.25 meters grading 12.62% Ni, 13.88% Cu, 17.95g/t PGEs+Au (23.28% NiEq or
48.87% CuEq)
(see the Company's press release dated
May 1, 2025
).
BHEM surveys of drill holes 16TK0250 and 25TK0562 identified multiple stacked BHEM
anomalies which were targeted with drill hole 25TK0563.
Drill hole 25TK0563 intersected the BHEM anomaly and intercepted
20.39 meters of Mixed
and Massive Sulphide mineralization starting at 762.34 meters and 14.51 meters of
Massive Sulphide mineralization starting at 795.16 meters for a cumulative intercept of
34.9 meters
(see Figure 2).
Figure 2: Tamarack Resource Area showing location of the new 34.9 meters intercept in
relation to the mineralized domains
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/251667_04828e98346709fa_002full.jpg
QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS
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 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.sedar.com
). 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 + Co% x $20.00/$4.00 + Pt [g/t]/31.103 x $1,000/$4.00/22.04 + Pd
[g/t]/31.103 x $1,000/$4.00/22.04 + Au [g/t]/31.103 x $2,000/$4.00/22.04 + Ag [g/t]/31.103 x
$20.00/$4.00/22.04
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 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 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 Project and currently owns 51%.
Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource
prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators,
and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.
Talon has a
neutrality and workforce development agreement
in place with the United Steelworkers
union. Talon's Battery Mineral Processing Facility in Mercer County was
selected by the US Department
of Energy
for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the
US
Department of Defense 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 experienced exploration,
mine development, external affairs and mine permitting teams.
For additional information on Talon, please visit the Company's website at
www.talonmetals.com
or
contact:
Media Contact:
Jessica Johnson
(218) 460-9345
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 results and assays as well as geological interpretations. 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 1: Collar Location of Drill Hole 25TK0563
Drill Hole
(#)
Easting
(m)
Northing
(m)
Elevation
(masl)
Azm
Dip
End Depth
(m)
25TK0563
491049.16
5168344.40
388.00
170.66
-84.56
867.77
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from the survey record at collar unless otherwise noted.
Table 2: Quick Lithology Log for Drill Hole 25TK0563
Drill Hole
(#)
From
(m)
To
(m)
Length
(m)
Quick Log
%
Sulphides
25TK0563
0
33.02
OB
33.02
418.05
FGO/MZNO
Traces
418.05
524.25
106.2
FGO/MZNO
5-10%
524.25
538.65
CGO
1-2%
538.65
539.14
0.49
MSU
95%
539.14
762.26
CGO
Tr-3%
762.26
762.34
SED
Tr
762.34
782.73
20.39
MMS/MSU
80%
782.73
783.26
SED
783.26
795.16
CGO
795.16
809.67
14.51
MSU
95%
809.65
826.01
SED
826.01
867.77
CGO
Tr-3%
Quick lithology log of drill holes: Overburden (OB); Meta-sedimentary rocks (SED); Fine-grained Orthocumulate/Mixed Zone (FGO/MZNO); Coarse-
grained Orthocumulate (CGO); Mixed and Massive sulphide (MMS/MSU).
To view the source version of this press release, please visit
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