Exploration in Raptor Zone Showing Widespread Channel of Nickel Mineralization

Tamarack, Minnesota (May 2, 2024) – Talon Metals Corp. (“Talon” or the “Company”) (TSX:TLO/OTC:TLOFF), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project (“Tamarack Nickel Project”) in central Minnesota, is pleased to announce significant progress in its 2024 exploration plan, particularly focusing on an update to the drilling program in the “Raptor Zone”.

Highlights:

14 New Drill Holes Intersect Nickel-Copper Mineralization: Talon has successfully intersected nickel-copper mineralization in 14 new drill holes within the Raptor Zone (assays pending) (see Figure 2 and Table 2 below). These findings mark a significant advancement in understanding the extensive nickel and copper potential of the area.
Detection of Strong Electromagnetic (Geophysics) Anomaly: Drill hole 23TK0480A, in addition to intersecting massive sulphide mineralization (assays pending), has identified one of the strongest borehole electromagnetic anomalies within the Raptor Zone to date (see Figure 2 below). This anomaly, modeled as a 30x30m plate at 4000 siemens, projects to the expected continuation of the channel of mineralization, further indicating the potential for additional high-grade nickel-copper mineralization.
Identification of Thick Nickel Mineralization Accumulation: The thickest accumulation of mineralization (up to 10 meters thick) is associated with a channel in the basal contact (see Figure 3 below). This channel provides a localized trap for sulphides to collect and appears to be related to a structure observed in the airborne magnetic data. Additional drilling will focus on testing the continuity of this mineralized structure and focus on identifying the potential for multiple channels within the Raptor Zone.
Extensive and Continuous Mineralization: The Raptor Zone appears to be continuously mineralized along the base (upwards of 4 km x 2 km of mineralization). Talon continues to actively drill in the Raptor Zone.


Brian Goldner, COO and Chief Exploration Officer of Talon, commented on the recent results, stating: “Our latest exploration results in the Raptor Zone are exciting and reaffirm our belief in the significant mineral potential of this area. The more we drill, the more we discover. The nickel-copper mineralization in 14 new drill holes, coupled with the identification of a strong electromagnetic anomaly, underscores the prospectivity of the Raptor Zone. We remain committed to advancing our exploration efforts and unlocking the full value of this new zone at Tamarack.”

Brian Bengert, Talon’s VP of Geophysics, commented on the geophysical results, stating: “Based on previous discoveries in the Tamarack Resource Area and proven technologies that highlights the channels of nickel-copper mineralization, our geophysics and exploration teams are able to model and, more importantly, understand the Raptor Zone system. This focused approach is instrumental in unlocking the full potential of the Raptor Zone and guiding our exploration efforts effectively.”

Raptor Zone Mineralization

The Raptor Zone is a sill-shaped intrusion parallel to and approximately one kilometer north of the Tamarack Resource Area, with the Tamarack Resource Area stacked on top of the Raptor Zone (see Figure 1 below). Based upon drilling to date, it appears that nickel-copper mineralization is widespread throughout the Raptor intrusion and appears to be sheet-like mineralization along its base (at least 4 km’s in strike and 2 km’s in width). This continuous, extensive mineralization is up to 10 meters thick.

Using past discoveries and proven technology to guide exploration efforts: At the basal contact, the mineralization thickens in areas with channelized formations (see Figure 2 below). Appearing to be closely related to a structure mapped in the airborne magnetic data, these channels are believed to be formed by the confluence of the Raptor sill and the dike, facilitating the accumulation of thicker nickel-copper mineralization (see Figure 3 below). The increasing mineralization thickness parallels Talon’s past successes in discovering high-grade nickel-copper deposits, notably CGO East and CGO West within the Tamarack Resource Area. This consistent trend is a strong indicator of ongoing positive results in the Raptor Zone.

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