The post Talon Metals Announces filing of NI 43-101 Technical Report on the Tamarack North Project appeared first on Talon Metals Corp.

RESOURCE HIGHLIGHTS

• 3.75 million tonnes in the indicated category at average grades of 1.81% Ni, 1.00% Cu, 0.05% Co, 0.41 g/t Pt, 0.25 g/t Pd and 0.19 g/t Au (which equates to a 2.35% Ni equivalent (“NiEq“) grade basis) at a 0.9% NiEq cut-off.
• An additional 3.12 million tonnes in the inferred category at average grades of 1.22% Ni, 0.82% Cu, 0.03% Co, 0.26 g/t Pt, 0.16 g/t Pd and 0.16 g/t Au (which equates to a 1.63% Ni equivalent grade basis) at a 0.9% NiEq cut-off.

“We are very pleased with the independent mineral resource estimate on a portion of the Tamarack North Project that we are able to report today”, said Warren Newfield, Executive Chairman of Talon. “While these numbers are exciting due to their high grade and closeness to surface, the resource area only comprises hundreds of meters along a Tamarack Intrusive Complex that is approximately 18km in strike length by 3km at its widest point. With the ongoing exploration at the Tamarack North Project, we look forward to expanding the resource.”

RESOURCE ESTIMATE

The independent mineral resource estimate for the Tamarack North Project has been prepared by Mr. Brian Thomas (B.Sc, P.Geo), Senior Resource Geologist at Golder Associates Ltd. (“Golder“) and is summarized in Table 1 below. The effective date of the resource estimate is August 29, 2014. Mr. Brian Thomas is an independent “Qualified Person” pursuant to NI 43-101.

Table 1: Tamarack North 2014 Resource Estimate (Effective Date: August 29, 2014)

All resources are reported above a 0.9% NiEq cut-off.
Mining recovery and dilution factors have not been applied to the estimates.
Tonnage estimates are rounded down to the nearest 1,000 tonnes.
Estimates do not include metallurgical recovery.

*Where used in this resource estimate, NiEq% = Ni%+ Cu% x 2.91/9.20 + Co% x 14/9.20 + Pt [g/t]/31.103 x 1,400/9.2/22.04 + Pd [g/t]/31.103 x 600/9.2/22.04 + Au [g/t]/31.103 x 1,300/9.2/22.04

The mineral resources are derived from a Datamine constructed block model (block size = 7.5m x 7.5m x 7.5m) of three mineral domains (Semi-Massive Sulphide Unit (“SMSU“), Massive Sulphide Unit (“MSU“) and 138 Mixed Zone (“138 Zone“)) and are reported above a NiEq cut-off of 0.90%. All Domains were “unfolded” and had top cuts applied to restrict outlier values (Pt, Pd and Au). The three domains (see Figure 1) utilized either Ordinary Kriged or Inverse Distance methodology to interpolate grades (Ni, Cu, Co, Pt, Pd and Au) from 1.5 m composited drillholes. Density values were based on specific gravity measurements and where absent, regression formulas. The resources reported are based on a “blocks above cut-off” basis and were then examined visually by Golder and found to have good continuity.

Table 2 below provides resultant mineralization and tonnage values from a range of NiEq cut-offs as a means of displaying the sensitivity, which demonstrates the robustness of the mineralization.

Table 2: Tamarack North 2014 Resource Sensitivities

Mining recovery and dilution factors have not been applied to the estimates.
Tonnage estimates are rounded down to the nearest 1,000 tonnes.
Estimates do not include metallurgical recovery.

EXPLORATION UPDATE

The 2014 drilling program commenced at the Tamarack North Project on August 6, 2014. It is expected that up to 8,500 meters will be drilled during 2014. The 2014 drilling program is focused on better defining the path of the coarse grained peridotite intrusion as it bends towards the east, away from the SMSU. The program will also help define the limit of the 138 Mixed Zone to the west, as well as the extension of the 138 Mixed Zone mineralization towards the east and south.

Figure 2: Airborne magnetic first derivative survey showing the 18km long strike of the Tamarack Igneous Complex with the long narrow intrusion that hosts the currently defined mineralization termed the “Tail” and the large layered intrusion to the south termed the “Neck” and “Body” in an analogy where the shape has been compared to a tadpole. Kennecott Airborne Magnetic Survey (2001 to 2009), modified by Talon, 2014

Qualified Person, Quality Assurance/Quality Control

The “Qualified Person”, as such term is defined in NI 43-101, who prepared the mineral resource estimate and other technical information presented in this news release is Mr. Brian Thomas (B.Sc, P.Geo.), who is a geologist independent of Talon and an employee of Golder, has reviewed and approved the technical information in this news release, including sampling, analytical and test data underlying such information and has visited and reviewed and verified the QA/QC procedures used by Kennecott at the Tamarack North Project and found them to be consistent with industry standards. In Golder’s opinion, the mineral resource estimate disclosed herein is compliant with NI 43-101. Golder is currently preparing a NI 43-101 technical report, which will be filed on SEDAR (www.sedar.com) not later than 45 days after the date of this news release.

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel-Copper-Platinum Project in Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project) and the Trairão Iron Project in Parà State, Brazil. The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x247
Email: 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, among other things, statements relating to the Tamarack Project with respect to estimates in respect of mineral resource quantities (including, any future expansion of the mineral resource estimate), mineral resource qualities, targets, goals, objectives and plans, including plans for the 2014 drilling program. 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. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: failure to establish estimated mineral resources, the grade, quality and recovery of mineral resources varying from estimates, the uncertainties involved in interpreting drilling results and other geological data, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources, uncertainties relating to the financing needed to further explore and develop the properties or to put a mine into production and other factors (including exploration, development and operating risks)).

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 buy . 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.

The mineral resource figures disclosed in this news release are estimates and no assurances can be given that the indicated levels of nickel, copper, cobalt, platinum, palladium and gold will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that the resource estimates disclosed in this news release are accurate, by their nature resource estimates are imprecise and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable. If such estimates are inaccurate or are reduced in the future, this could have a material adverse impact on the Company.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are estimated on limited information not sufficient to verify geological and grade continuity or to allow technical and economic parameters to be applied. Inferred mineral resources are too speculative geologically to have economic considerations applied to them to enable them to be categorized as mineral reserves. There is no certainty that mineral resources can be upgraded to mineral reserves through continued exploration.

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Road Town, Tortola, British Virgin Islands (August 13, 2014) – Talon Metals Corp., (“Talon” or the “Company”) (TSX: TLO) reported a net loss for the three month period ended June 30, 2014 of $1.0 million or $0.01 per share (basic and diluted). This was primarily the result of project evaluation and due diligence expenses, administration expenses and foreign currency losses.

This compares to a net loss of $3.6 million or $0.04 per share (basic and diluted) for the three months ended June 30, 2013, which was primarily the result of project evaluation and due diligence expenses, administration expenses and losses related to Tlou Energy Limited.

The Company’s net loss for the six month period ended June 30, 2014 was $1.0 million or $0.01 per share (basic and diluted). This compares to a net loss of $4.9 million or $0.05 per share (basic and diluted) for the same period in the prior year.

Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Platinum Project for the three and six months ended June 30, 2014 amounted to $1.9 million. This amount also represents the total capitalized cost to June 30, 2014.

Capitalized exploration costs and deferred expenditures on the Trairão Iron Project for the three and six months ended June 30, 2014 amounted to $66,000 and $0.1 million, respectively. This compares to $0.3 million and $0.7 million for the same periods last year. The total capitalized cost on the Trairão Iron Project to June 30, 2014 amounts to $17.7 million.

Condensed Consolidated Interim Financial Statements for the three and six months ended June 30, 2014, along with Management’s Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel-Copper-Platinum Project in Minnesota, USA and the Trairão Iron Project in Parà State, Brazil. The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x247
Email: werger@talonmetals.com

The post Talon Metals Reports Second Quarter 2014 Results appeared first on Talon Metals Corp.

Dr. Naldrett has had a distinguished career. Over the years, his research and on the ground experience has covered most of the world’s magmatic sulphide deposits, including those at Sudbury, Voisey’s Bay, Noril’sk, the Abitibi the West Australian Widgiemooltha Komatiite deposits, the Zimbabwe Nickel deposits, deposits of the Raglan and Thompson Pechenga, Jinchuan, the Duluth Complex, the Bushveld and Stillwater complexes, Zimbabwe’s Great Dyke, and at the Lac des Îles igneous complex of northwestern Ontario. Dr. Naldrett has authored or co-authored numerous publications and written or edited several books, the most recent of which was in 2004 entitled, “Magmatic Sulphide Deposits; Geology, Geochemistry and Exploration”.

In addition to his research, Dr. Naldrett has also consulted for many companies including Chevron Corporation, Falconbridge Ltd., Western Mining Corporation, BHP Billiton, Rio Tinto Group, Cominco-American and Voisey’s Bay Nickel.

Although he officially retired from teaching in 1998, Dr. Naldrett still retains a position as Professor Emeritus at the University of Toronto, and continues his research on magmatic sulfide deposits, most recently as Honorary Professor at the School of Geosciences, University of the Witwatersrand, South Africa, and as Honorary Research Fellow of the Natural History Museum, London. He also continues to be sought after for his expertise and leadership by all facets of the mining industry; from mineral exploration companies to geological societies and associations.

Dr. Naldrett has been bestowed with numerous honours over the years, most recently in 2012 with the Haddon Forrester King Medal, one of the Australian Academy of Science’s prestigious career awards for life-long achievement and outstanding contribution to science.

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel-Copper-Platinum Project in Minnesota, USA and the Trairão Iron Project in Parà State, Brazil. The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x2247
Email: werger@talonmetals.com

The post Dr. Tony Naldrett, The Leading Expert On Magnetic Sulphide Deposits, Joins Talon Metals’ Board Of Directors appeared first on Talon Metals Corp.

All of the nominee directors listed in Talon’s management information circular dated May 28, 2014 (the “Circular”) were elected as directors. The results of the shares voted in respect of the election of each director were as follows:

At the AGM, shareholders also voted in favour of:

• appointing MNP LLP as auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration; and
• continuing the shareholder protection rights plan of the Company.

For further information on the shareholder protection rights plan, please refer to the shareholder rights plan agreement dated June 27, 2014 which will be available under the Company’s profile on SEDAR (www.sedar.com).

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel-Copper-Platinum Project in Minnesota, USA and the Trairão Iron Project in Parà State, Brazil. The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger, President
Talon Metals Corp.
Tel: (416) 361-9636 x2247
Email: werger@talonmetals.com

The post Talon Metals Announces Results Of AGM appeared first on Talon Metals Corp.

This compares to a net loss of $1.3 million or $0.01 per share (basic and diluted) for the three months ended March 31, 2013, which was primarily the result of project evaluation, due diligence, administration expenses and the Company’s share of loss in Tlou Energy Limited.

Capitalized exploration cost on the Trairão Iron Project for the first quarter of 2014 amounted to $65,597. This compares to $0.4 million for the same period in 2013. The total capitalized exploration cost on the Trairão Iron Project to March 31, 2014 amounts to $17.6 million.

Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2014, along with Management’s Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Trairão Iron Project in Brazil. The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x2247
Email: werger@talonmetals.com

The post Talon Metals Reports First Quarter 2014 Results appeared first on Talon Metals Corp.

Capitalized exploration costs on the Trairão Iron Project for the year amounted to $0.9 million. This compares to $2.6 million for the year ended December 31, 2012. The total capitalized exploration cost on the Trairão Iron Project to December 31, 2013 amounts to $17.6 million.

Consolidated Audited Financial Statements for the years ended December 31, 2013 and 2012, together with Management’s Discussion and Analysis and the Company’s Annual
Information Form, have been filed on SEDAR and are available at www.sedar.com.

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Trairão Iron Project in Brazil. The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x247
Email: werger@talonmetals.com

The post Talon Metals Reports Results For The Year Ended December 31, 2013 appeared first on Talon Metals Corp.

Mr. Rassuchine has over 35 years of experience in the mining industry, primarily working as a senior project geologist responsible for the planning and execution of exploration and development programs. His work has focused mainly on the Western USA and South America with a concentration on precious metals.

The Company also announces the resignation of Mr. Stuart Comline and Mr. Jonathan Schneider from the Board of Directors of the Company.

“We sincerely thank Stuart and Jonathan for their dedicated service to the Company. In particular, we would like to thank Stuart, who is retiring, for his over six years on the Board of Directors and his previous role as President and CEO of the Company. We wish Jonathan continued success in all of his future endeavors,” said Talon’s Executive Chairman, Mr. Warren Newfield. “We are also extremely pleased to be able to welcome Jeff to Talon’s Board of Directors. His extensive mining industry expertise, including his many years of experience on the ground, will provide valuable insight to the Board as we continue to look new opportunities for the Company.”

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Trairão Iron Project in Brazil. The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x247
Email: werger@talonmetals.com

The post Talon Metals Announces Board Appointment And Resignations appeared first on Talon Metals Corp.