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Talon Metals Michigan Update: Drilling Hits 110.3 Meters of Copper & Nickel Mineralization at 9.59 Meters

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Talon Metals reports significant copper-nickel mineralization from three drill holes at its Boulderdash target in Michigan's Upper Peninsula. Notable findings include a 110.3-meter mineralized interval from 9.59 meters depth in hole 24BD0003, and multiple mineralized intervals in hole 24BD0004, including a 61.91-meter section with 3-25% sulphides. The discovery of copper-nickel massive sulphide rip-up clasts and veins suggests the presence of a larger copper-nickel massive sulphide body. The mineralized dyke appears to be 40-50 meters wide, similar to Michigan's Eagle nickel-copper deposit.

Talon Metals riporta significative mineralizzazioni di rame-nichel da tre perforazioni presso il suo target Boulderdash nel Michigan, nella Upper Peninsula. Tra i risultati notevoli vi è un'intervallo mineralizzato di 110,3 metri a partire da una profondità di 9,59 metri nel foro 24BD0003, e più intervalli mineralizzati nel foro 24BD0004, incluso un segmento di 61,91 metri con sulfiduri tra il 3% e il 25%. La scoperta di clasti e vene di sulfiduri massivi di rame-nichel suggerisce la presenza di un corpo massivo di rame-nichel più grande. La dike mineralizzata sembra avere una larghezza di 40-50 metri, simile al deposito di nichel-rame Eagle del Michigan.

Talon Metals informa sobre una mineralización significativa de cobre-níquel de tres perforaciones en su objetivo Boulderdash en la Península Superior de Michigan. Los hallazgos notables incluyen un intervalo mineralizado de 110,3 metros desde una profundidad de 9,59 metros en el pozo 24BD0003, y múltiples intervalos mineralizados en el pozo 24BD0004, incluyendo una sección de 61,91 metros con sulfuros del 3% al 25%. El descubrimiento de clastos y vetas masivas de sulfuros de cobre-níquel sugiere la presencia de un cuerpo masivo de sulfuros de cobre-níquel más grande. La dike mineralizada parece tener un ancho de 40-50 metros, similar al depósito de níquel-cobre Eagle en Michigan.

탈론 메탈스는 미시간의 상반도에 위치한 볼더대시 타겟에서 세 개의 시추 구멍에서 상당한 구리-니켈 광물화를 보고했습니다. 주목할 만한 발견으로는 24BD0003 구멍에서 9.59미터 깊이부터 시작되는 110.3미터의 광물화 간격이 있으며, 24BD0004 구멍에서는 3-25%의 황화물이 포함된 61.91미터의 섹션을 포함하여 여러 광물화 간격이 있습니다. 구리-니켈 대량 황화물 조각과 정맥의 발견은 더 큰 구리-니켈 대량 황화물 체의 존재를 시사합니다. 광물화된 다이크는 미시간의 이글 니켈-구리 매장지와 유사한 40-50미터 폭을 가지고 있는 것으로 보입니다.

Talon Metals rapporte une minéralisation significative de cuivre-nickel provenant de trois trous de forage sur son cible Boulderdash dans la péninsule supérieure du Michigan. Parmi les découvertes notables, on trouve un intervalle minéralisé de 110,3 mètres à une profondeur de 9,59 mètres dans le trou 24BD0003, ainsi que plusieurs intervalles minéralisés dans le trou 24BD0004, incluant une section de 61,91 mètres avec 3-25% de sulfures. La découverte de clastes et de veines massives de sulfures de cuivre-nickel suggère la présence d'un corps massique de sulfures de cuivre-nickel plus important. Le dyke minéralisé semble mesurer 40-50 mètres de large, semblable au gisement de nickel-cuivre Eagle du Michigan.

Talon Metals berichtet von bedeutenden Kupfer-Nickel-Mineralisierungen aus drei Bohrlöchern an seinem Boulderdash-Ziel im oberen Michigan. Bemerkenswerte Ergebnisse umfassen ein mineralisiertes Intervall von 110,3 Metern bei einer Tiefe von 9,59 Metern im Bohrloch 24BD0003, sowie mehrere mineralisierte Intervalle im Bohrloch 24BD0004, darunter einen 61,91 Meter langen Abschnitt mit 3-25% Sulfiden. Die Entdeckung von massiven Kupfer-Nickel-Sulfidklasten und -adern deutet auf das Vorhandensein eines größeren massiven Kupfer-Nickel-Sulfidkörpers hin. Der mineralisierte Gang scheint 40-50 Meter breit zu sein, ähnlich wie das Eagle Nickel-Kupfer-Vorkommen in Michigan.

Positive
  • Discovery of substantial copper-nickel mineralization intervals up to 110.3 meters
  • High sulphide concentrations reaching up to 40%
  • Presence of massive sulphide rip-up clasts indicating potential larger deposits
  • Similar dyke width to the productive Eagle nickel-copper deposit
Negative
  • Assay results still pending for all drill holes
  • True widths of mineralization cannot be calculated yet due to unknown geometry

Tamarack, Minnesota--(Newsfile Corp. - November 19, 2024) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) ("Talon" or the "Company") Michigan exploration drilling has produced further positive developments in its exploration at the Boulderdash target in Michigan's Upper Peninsula. Talon's latest 3 drill holes (24BD0002, 24BD0003, and 24BD0004) have all intersected substantial intervals of copper-nickel sulphide mineralization (assays pending).

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Figure 1: Mineralized (copper-nickel) drill core from 69 meters depth in drill hole 24BD0003 (assays pending)

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HIGHLIGHTS

  • Drill Hole 24BD0003: Encountered a 110.3-meter interval of mineralized (copper-nickel) intrusion from only 9.59 meters depth and ranging in mineralization up to 40% sulphides;
  • Drill Hole 24BD0004: Intersected multiple mineralized (copper-nickel) intervals, with the most notable being a 61.91-meter interval from 13.18 to 75.09 meters, containing sulphide concentrations between 3-25%. Additional copper-nickel intervals from 105 to 116.4 meters (11.4 meters), 142.9 to 186.08 meters (43.18 meters), and 207.4 to 280.25 meters (72.85 meters) showed sulphide content ranging from 1-15%.
  • Drill Hole 24BD004: Intersected copper-nickel massive sulphide rip-up clasts and copper-nickel massive sulphide veins in the core implying that the Boulderdash intrusion has produced a copper-nickel massive sulphide body and further drilling is required to identify the source of the massive sulphide clasts.

Brian Goldner, Chief Exploration and Operations Officer, said: "Massive sulphide rip-up clasts and veins are an important exploration tool to gain insight into the history of the intrusion. The copper-nickel massive sulphide rip-ups tell us that the system has made copper-nickel massive sulphides in the past and is at least partially remobilizing the massive sulphides while the copper-nickel massive sulphide vein can often be used as a vector for massive sulphides. Copper-nickel massive sulphide veins often form a halo radiating away from a larger copper-nickel massive sulphide body so their presence in hole 24BD0004 is very encouraging."

Henri van Rooyen, Chief Executive Officer, says of the new drill results: "Our in-house exploration and geophysics team is a cornerstone of Talon's strategy, allowing us to efficiently adapt our approach as new data emerges. With each drill hole, we gain valuable insights that guide our next steps, ensuring that we're making informed, data-driven decisions to maximize the potential of the Boulderdash target. This flexibility and responsiveness are essential as we advance our mission to develop copper and nickel resources domestically."

OBSERVATION NOTES

Drill Hole 24BD0002 was drilled at a shallow plunge to understand the geometry of the host ultramafic dyke, dip direction of the hanging and footwall contact. The dyke appears to have a total width of 40 to 50 meters and steeply dipping to near vertical. In comparison, the Eagle nickel-copper deposit (also in Michigan) is hosted in a similar dyke of approximately 50 meters in width.

Drill Hole 24BD0003 was drilled to the west of 24BD0001 (step out of 20-30 meters). The drill hole has intersected a longer interval of copper-nickel mineralization and appears to also contain a higher concentration of copper-nickel sulphides than the discovery hole 24BD0001.

Drill Hole 24BD0004 is a step-out hole of 30-50 meters from drill hole 24BD0001 and intersected 61 meters of 5-25% sulphides. This hole also interested the deepest copper-nickel mineralization at Boulderdash to date with net texture mineralization observed as deep as 246 meters depth indicating that the copper-nickel mineralization may extend at depth.

Additionally, drill hole 24BD0004 has shown two strong indicators of potential copper-nickel massive sulphide mineralization with copper-nickel massive sulphide rip-up clasts being observed in the intrusion and copper-nickel massive sulphide veins.

Table 1: Quick Logs from Drill Holes 24BD0002, 24BD0003, and 24BD0004

Drill Hole (#)From (m)To (m)Interval (m)Lithology% Sulphides
24BD000209.97
OB
9.9736.9326.96UMI5-15%
36.9350.39
UMITr-4%
50.3993
SEDTraces
24BD000309.59
OB
9.59119.89110.3UMITr-40%
119.89227.99
SEDTraces
24BD0004013.18
OB
13.1875.0961.91UMI3-25%
75.0979.24
UMITraces
79.24105
SED
105116.411.4UMI1-5%
116.4142.9
SED
142.9186.0843.18UMI1-5%
186.08207.4
SED
207.4280.2572.85UMI1-15%
280.25289.41
SED
289.41322.48
UMITraces
322.48340.77
SED

 

Quick lithology log of drill holes: Overburden (OB); Ultra-mafic intrusive (UMI);
Meta-sedimentary rocks (SED).

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Figure 2: Core from drill hole 24BD0004 showing copper-nickel massive sulphide veins, which can often be used to predict the existence of a more significant accumulation of massive sulphide, and shows a Massive Sulphide Unit (MSU) clast identified approximately 3cm in diameter.

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NEXT STEPS

Talon will continue its systematic drilling program at the Boulderdash target to define the extent of mineralization and gather data to further define its potential. Talon plans to move the rig off the dyke and drill three holes from the south to the north in order to identify the southern and northern contacts to better model the intrusion. Once this information is collected, Talon intends to model the geometry of the intrusion and drill a hole down the dyke since hole 24BD0004 has identified copper-nickel mineralization at depth.

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Figure 3: Map Showing Regional Location of the Boulderdash Project

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QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSON

Lengths are drill intersections and not necessarily true widths. True widths cannot be calculated at this time due to the unknown geometry of the mineralization. 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.

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:

Todd Malan
1 (202) 714-8187
malan@talonmetals.com

Investor Contact:

Sean Werger
1 (416) 500-9891
werger@talonmetals.com

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, geophysics and drilling; geological interpretations; and assays. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230468

FAQ

What are the key findings from Talon Metals' (TLOFF) latest drilling at Boulderdash?

The latest drilling revealed a 110.3-meter interval of copper-nickel mineralization in hole 24BD0003 and multiple mineralized intervals in 24BD0004, including a 61.91-meter section with 3-25% sulphides.

How deep is the mineralization discovered by Talon Metals (TLOFF) at Boulderdash?

The mineralization starts from shallow depths, with significant intervals beginning at 9.59 meters in hole 24BD0003, and extends to depths of up to 280.25 meters in hole 24BD0004.

What is the width of the mineralized dyke at Talon Metals' (TLOFF) Boulderdash target?

The mineralized dyke appears to have a total width of 40 to 50 meters and is steeply dipping to near vertical.

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