Tamarack - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) ('Talon' or the 'Company'), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project ('Tamarack Nickel Project') in central Minnesota, has purchased three new drill rigs.
These new drills will be deployed to expand Talon's exploration of the Tamarack Intrusive Complex for additional high-grade nickel, copper and cobalt.
The three Boart Longyear drill rigs, two LF-160's and one LF-230, have increased depth capacity and bring Talon's in-house drilling fleet to six drill rigs. The new rigs will be focusing on exploration outside of the main resource area, where numerous intercepts of high-grade nickel-copper mineralization (up to 9.95% nickel (drill hole 18TK0264)) have already been discovered. The first three zones that will be targeted are known as the 221 Zone, the 264 Zone, and the 164 Zone. The Company also plans to drill a highly conductive anomaly that sits directly below the main zone resource area.
'The need to secure domestic sources of battery minerals like nickel has grown more urgent. Climate change is accelerating, and the United States is dependent on foreign countries for the key ingredients required for clean power and battery storage. President Biden, with bipartisan support in Congress, has recently elevated domestic sourcing of battery materials like nickel to a national priority. Our investment in new equipment, people and technology to explore for battery minerals in Minnesota addresses this national priority and purpose,' said Henri van Rooyen, CEO of Talon.
He continued: 'Talon's in-house geology and geophysics teams have already established the initial high-grade zone of nickel-copper mineralization at the Tamarack Nickel Project that will supply Tesla and potentially other customers. Our investment in these three new drill rigs and hiring the people to deploy them on a 24/7 basis will hopefully confirm our geologists' view that Tamarack is a 'district scale' resource similar to other large-scale nickel sulphide districts in Canada and Russia that have been shown to have numerous zones of high-grade mineralization.'
Brian Goldner, Chief Exploration and Operations Officer of Talon said: 'Over the last two years, our in-house drilling and geology teams have gone to the next level in terms of targeting and successfully hitting high-grade nickel-copper zones at the Tamarack Nickel Project. Based on last year's metrics alone, we increased our hit ratio from 50% to 95%, and drilled a record 33,000 meters while intersecting a record amount of high-grade massive sulphides. With these new rigs, we plan to exceed the past milestones and hope to demonstrate that Minnesota has even more to contribute to the clean energy transition and serve as a domestic source of infinitely recyclable battery materials like nickel, copper, cobalt and iron.'
ABOUT TALON
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, (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex, and (iii) exploring the prospects for significant carbon storage in the ultra-mafic rocks that comprise the Tamarack Intrusive Complex through carbon mineralization. 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.
Contact:
Todd Malan
Tel: 1-(202)-714-8187
Email: malan@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 statements relating to the timing and results of the exploration program, including the potential for a district scale at the Tamarack Project with numerous zones of high-grade mineralization and the amount of drilling to be completed. 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.
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 new information, future events or results or otherwise. 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.
TALON METALS CORP. 
