Talon Metals Reports Third Intercept of Massive and Mixed Massive Nickel Mineralization Drilled 26 Meters from Recent Discovery Hole at Tamarack Supporting Lateral Continuity

Core Viewpoint - Talon Metals Corp. has reported significant progress in its drilling program at the Tamarack Nickel-Copper-Cobalt Project, particularly with the discovery of the "Vault Zone," which shows promising mineralization and continuity in nickel deposits [1][3]. Drilling Results - The third drill hole, 25TK0565, intercepted 20.3 meters of mixed and massive nickel mineralization starting at a depth of 672.10 meters, located 26 meters northwest of a previous high-grade intercept in drill hole 16TK0250, which graded 12.62% Ni, 13.88% Cu, and 0.12% Co [4][9]. - The cumulative length of the mineralization in drill hole 25TK0565 is 34.77 meters, with assay results pending [4][9]. Geological Insights - The mineralization in the Vault Zone is believed to be formed through a drainage model, indicating a potential for hypogene enrichment, which can enhance copper content and overall mineralization value [4][9]. - The geological setting of the new discoveries suggests an accumulation of massive sulphides with the highest recorded nickel and copper tenor in the Tamarack Intrusive Complex [9][15]. Directional Drilling Program - A directional drilling program has commenced, utilizing two drill pads and two rigs, with plans for five wedge holes targeting Talon-generated borehole electromagnetic (BHEM) anomalies [10][11]. - The BHEM anomalies associated with previous drill holes indicate a complex network of conductive zones, guiding the current drilling efforts [11][10]. Collaboration and Agreements - Talon has extended its exclusivity period with Lundin Mining Corporation until August 31, 2025, as they work on agreements for Lundin to potentially acquire up to a 70% interest in nearby exploration targets [18]. - The company is actively drilling at the Boulderdash site and plans to mobilize additional rigs for further exploration [19]. Financial Support - Talon has received significant funding, including a US$114.8 million grant from the US Department of Energy and a US$20.6 million grant from the US Department of Defense to support exploration efforts in Minnesota and Michigan [24]. Company Overview - Talon Metals Corp. is a TSX-listed base metals company focused on expanding its high-grade nickel mineralization resource at the Tamarack Nickel-Copper-Cobalt Project, which spans over 400,000 acres [23].