Road Town, Tortola, British Virgin Islands (Nov 11, 2008) – Talon Metals Corp. (“Talon” or the “Company”) (TSX: TLO) reported net loss for the three month period ended September 30, 2008 of $4,185,194 or $0.16 per share (basic and diluted). Net loss for the nine month period was $3,891,204 or $0.14 per share (basic and […]
165 Warren Street Tamarack, MN 55787
Craigmuir Chambers
P.O Box 71
Road Town, Tortola
British Virgin Islands
Tel: +1 4163619636
Fax: +1 4163610330
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 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 an agreement with Tesla Inc. to supply it with 75,000 metric tonnes (165 million lbs) of nickel in concentrate (and certain by-products, including cobalt and iron) from the Tamarack Nickel Project over an estimated six-year period once commercial production is achieved. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.