TALON METALS FILES UPDATED NI 43-101 REPORT ON THE TRAIRÃO IRON PROJECT ON SEDAR
April 13, 2011
Road Town, Tortola, British Virgin Islands – Talon Metals Corp. (“Talon” or the “Company”) (TSX: TLO) is pleased to announce that a National Instrument 43-101 compliant technical report entitled “Second Independent Technical Report on Mineral Resources” dated March 29, 2011 (the “Technical Report”) has been filed on SEDAR today. The Technical Report, prepared by Coffey Mining Pty Ltd. of Brazil, supports the inferred resource estimate on Target Area 2 at Talon’s 100% owned Trairão Iron Project, located in Pará State, Brazil that was disclosed in the Company’s March 22, 2011 news release.
About the Trairão Iron Project
The Trairão Iron Project is situated within the Serra da Seringa Archean age greenstone belt, within the Carajás Mineral Province in Brazil, which also hosts numerous other iron ore deposits. The Trairão Iron Project comprises eight exploration licences and four applications for exploration licences, for a total area of 77,390 hectares (191,234 acres). The primary protore iron mineralization in the project area is magnetite-rich banded iron formations (“BIFs”). The BIFs are associated with positive magnetic anomalies and are preserved in thirteen discreet areas with a cumulative strike length of some 50 kilometres, which mostly form prominent ridges locally capped by preserved supergene enriched hematite deposits, which are developed in colluvial and saprolite zones.
Talon is a TSX-listed company focused on the exploration and development of the Trairão Iron Project. The Company has a well-qualified exploration and management team with extensive experience in exploration and project management.
Talon has a treasury of approximately CDN$8 million and has 80,272,437 common shares outstanding and 88,081,437 shares on a fully diluted basis, not including the $25 million equity financing announced on April 8, 2011 which has not yet closed.
For additional information on Talon please visit the Company’s website at www.talonmetals.com or contact:
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243