Xander Assets Publicizes Discovery at its Timmins Nickel Undertaking

Talon CEO, Henri van Rooyen, commented: “Lately’s assay effects additional display that the US has further high-grade nickel enlargement doable in its mineral endowment. In 1997, the Division of the Internal and US Geological Survey predicted that there have been high-grade nickel mineralization zones in the USA which can be very similar to zones in Canada and Russia. They enthusiastic about the USA Mid-Continental Rift (MCR), which extends from Kansas up thru Michigan. Talon is singularly enthusiastic about exploring for extra high-grade nickel in the US to lend a hand meet the objectives set via Congress and President Biden for a home provide chain for electrical automobiles and batteries from mining thru to recycling.”

Exploration Replace: Showed Prime-Grade Nickel within the New Raptor Zone

Talon has gained assay effects for the newly drilled Raptor Zone, situated just about 2 miles (3.2 km) outdoor of the Tamarack Nickel Undertaking’s useful resource house. Talon believes it has showed a brand new “gadget” of high-grade nickel-copper mineralization throughout the Tamarack Intrusive Advanced and in consequence, is making plans to drill an extra 20,000 meters throughout the Raptor Zone to resolve if the 1-2 meters of recognized high-grade large nickel sulphide mineralization additional thickens (very similar to the Corporate’s preliminary discovery throughout the CGO West house).

Determine 1: Prime-grade large nickel sulphide mineralization intersected in 3 new holes throughout the Raptor Zone (Assays beneath in Desk 1)

To view an enhanced model of Determine 1, please consult with:
https://photographs.newsfilecorp.com/recordsdata/2443/162921_0f9f2f43a4471af1_001full.jpg

Assay effects had been gained for the 6 holes within the newly recognized Raptor Zone that each one intersected basal large nickel mineralization (see Tables 1 and a pair of beneath). Those assays ascertain that high-grade nickel mineralization exists nicely outdoor the Tamarack Nickel Undertaking’s useful resource house within the in large part unexplored Raptor Zone.

 

*See Desk 3 for additional technical data

Desk 1: Notable Assay Effects from New Drill Holes within the Raptor Zone

Brian Goldner, Leader Exploration and Operations Officer of Talon, stated: “Those assays ascertain that the mineralization drilled within the Raptor Zone is high-grade and that there’s thrilling doable for extra discoveries throughout the Raptor Zone. To me, it is thrilling that we have got 1500 meters of potential floor, bookended via intercepts of high-grade nickel mineralization, that has no longer but been drilled. There’s enough space on this undrilled portion of the Raptor Zone to suit greater than 50 of the CGO West useful resource footprint (found out via Talon in 2021). The Raptor Zone has all the standards wanted for a most sensible tier exploration goal house – excessive grades, plentiful room and inside only some miles of the present Tamarack Nickel Undertaking useful resource house. The principle goal of the Corporate’s further exploration efforts alongside the Tamarack Intrusive Advanced is to permit Talon to spot long run mineral assets to toughen the growing home battery production provide chain from mining thru to recycling.”

Determine 2: Analytical sign magnetic map appearing the positioning of the Raptor Zone (crimson = extremely magnetic)

To view an enhanced model of Determine 2, please consult with:
https://photographs.newsfilecorp.com/recordsdata/2443/162921_0f9f2f43a4471af1_002full.jpg

All over the wintry weather drilling program, Talon had 2 drill rigs (of a complete of 8 drill rigs working, as additional mentioned beneath) targeted only on exploration drilling. Along with drilling throughout the new Raptor Zone, exploration drilling all through the wintry weather season has additionally enthusiastic about drilling quite a lot of geophysical goals situated inside and outdoor of Tamarack Nickel Undertaking’s useful resource house. Drilling of those goals stays ongoing.

Exploration: Subsequent Steps

With the of completion of the Corporate’s wintry weather drilling program, the Corporate has plans for extra exploration drilling, with 3 to 4 drill rigs turning for the rest of 2023. Exploration will focal point on additional drilling throughout the new Raptor Zone, with an extra 20,000 meters of drilling deliberate. As well as, the Corporate plans to drill between 3,000-5,000 meters in a space situated roughly 1 km south of the Tamarack Nickel Undertaking’s useful resource house (lately known as the 164 Zone) the place ancient high-grade large nickel sulphides had been recognized however no longer but adopted up on.

Determine 3. Representation to scale of the Tamarack Intrusive Advanced and the spaces of pastime for the 2023 drilling program

To view an enhanced model of Determine 3, please consult with:
https://photographs.newsfilecorp.com/recordsdata/2443/162921_0f9f2f43a4471af1_003full.jpg

Vital Growth In opposition to Feasibility Learn about, Environmental Evaluation and Allowing in Minnesota

Wintry weather Program (Manufacturing-related) Drilling Actions

Talon has had 8 drill rigs working all through the wintry weather season in Minnesota, with 6 of those rigs devoted to serving to development the Tamarack Nickel Undertaking in opposition to manufacturing.

Drilling and investigation actions have incorporated, amongst different issues, the next:

• 3 drill rigs accomplishing drilling actions for geotechnical characterization. This knowledge shall be used to tell the feasibility design of the outside and rail amenities.

• 1 vibrating sonic drill rig accomplishing overburden classification. This knowledge shall be used to do a feasibility design for the soil portion of the get entry to tunnels to the underground mine.

• 1 truck rig accomplishing hydrophysical paintings for groundwater research. This knowledge shall be used to complement current hydrogeological research to tell feasibility design of water dealing with methods and water remedy.

• 1 diamond drill rig comparing bedrock prerequisites for underground get entry to and building. This knowledge shall be used to tell feasibility design of the rock portion of the get entry to tunnel to the underground mine.

Environmental Evaluation and Allowing

Talon has improved research and fashions to estimate doable environmental affects that can shape the foundation for the Corporate’s submission of paperwork for the State of Minnesota’s environmental assessment procedure, inclusive of the Environmental Affect Commentary (EIS), and to tell the feasibility find out about. Extra in particular, Talon has carried out information assortment for the next:

• Groundwater research (drift and high quality);
• Floor water research (drift and high quality);
• Wetlands research (drift and high quality);
• Crops research;
• Fabrics characterization research (static and kinetic checking out);
• Sound and vibration;
• Organic research; and
• Archaeological reconnaissance survey and a ancient architectural survey and overview.

Talon additionally plans to additional development the next for the Tamarack Nickel Undertaking:

• Analysis of doable environmental useful resource affects, together with:
  • Air modelling;
  • Groundwater modelling;
  • Floor water and wetland modelling;
  • Geochemical modelling;
  • Multimedia overview modelling;

• Visible affect research;
• Visitors find out about;
• Cultural surveys;
• Wetland delineation find out about; and
• Experiences and plans to toughen the advance of the Environmental Affect Commentary and environmental allowing.

Talon continues to habits quarterly neighborhood conferences to percentage data and concentrate to issues from the neighborhood. At the latest neighborhood assembly, Talon representatives shared details about the brand new Raptor Zone and equipped an replace in recognize of Talon’s ongoing exploration efforts. Talon has additionally been sharing data with proximate tribal sovereign governments, in keeping with the Corporate’s remark on tribal recognize and engagement. The environmental assessment procedure supplies in depth alternative for public comments and government-to-government session.

Engineering and Feasibility Learn about

Talon has finished important engineering paintings for the underground mine and the outside amenities to tell the preliminary phases for Minnesota environmental assessment.

Talon believes that there’s enough useful resource wisdom, geotechnical information, and environmental wisdom and knowledge for Talon to proceed to advance engineering paintings in opposition to a feasibility find out about for the advance of a mine and rail loadout facility on the Tamarack Nickel Undertaking.

Environmental and regulatory concerns shall be built-in all through each step of the engineering design. The purpose of early engagement and integration of environmental and regulatory concerns is to streamline the environmental assessment and allowing segment of the challenge.

Talon additionally intends to finish a equivalent bundle of preliminary engineering and environmental paintings for the Battery Minerals Processing Facility in North Dakota to toughen any appropriate allowing evaluations.

High quality Assurance, High quality Regulate and Certified Individuals

Please see the technical file entitled “November 2022 Nationwide Software 43-101 Technical Record of the Tamarack North Undertaking – Tamarack, Minnesota” with an efficient date of November 2, 2022 ready via unbiased “Certified Individuals” (as that time period is outlined in Nationwide Software 43-101 (“NI 43-101“)) Brian Thomas (P. Geo), Roger Jackson (P. Geo), Oliver Peters (P. Eng) and Christine Pint (P.G) for info at the QA/QC, information verification, analytical and checking out procedures on the Tamarack Nickel Undertaking. Copies are to be had at the Corporate’s web site (www.talonmetals.com) or on SEDAR at (www.sedar.com). The laboratory used is ALS Minerals who’s unbiased of the Corporate.

Lengths are drill intersections and no longer essentially true widths. True widths can’t be persistently calculated for comparability functions between holes on account of the abnormal shapes of the mineralized zones. Drill intersections had been independently decided on via Talon. Drill composites had been independently calculated via Talon. The geological interpretations on this information unencumber are only the ones of the Corporate. The places and distances highlighted on all maps on this information unencumber are approximate.

Dr. Etienne Dinel, Vice President, Geology of Talon, is a Certified Individual throughout the that means of NI 43-101. Dr. Dinel is happy that the analytical and checking out procedures used are same old trade working procedures and methodologies, and he has reviewed, licensed and verified the technical data disclosed on this information unencumber, together with sampling, analytical and check information underlying the technical data.

About Talon

Talon is a TSX-listed base metals corporate in a three way partnership with Rio Tinto at the high-grade Tamarack Nickel-Copper-Cobalt Undertaking situated in central Minnesota. Talon’s stocks also are traded in the USA over the OTC marketplace below the logo TLOFF. The Tamarack Nickel Undertaking contains a big land place (18km of strike period) with high-grade intercepts outdoor the present useful resource house. Talon has an earn-in proper to procure as much as 60% of the Tamarack Nickel Undertaking, and lately owns 51%. Talon is enthusiastic about (i) increasing and infilling its present high-grade nickel mineralization useful resource ready according to NI 43-101 to form a mine plan for submission to Minnesota regulators, and (ii) following up on further high-grade nickel mineralization within the Tamarack Intrusive Advanced. Talon has an settlement with Tesla Inc. to provide it with 75,000 metric tonnes (165 million lbs) of nickel in listen (and sure by-products, together with cobalt and iron) from the Tamarack Nickel Undertaking over an estimated six-year duration as soon as business manufacturing is accomplished. Talon has a neutrality and staff building settlement in position with the United Steelworkers union. Talon’s Battery Mineral Processing Facility in Mercer County used to be decided on via the USA Division of Power for $114m investment grant from the Bipartisan Infrastructure Legislation. Talon has well-qualified skilled exploration, mine building, exterior affairs and mine allowing groups.

For more information on Talon, please consult with the Corporate’s web site at www.talonmetals.com

Media Touch:

Todd Malan
1-(202)-714-8187
[email protected]

Investor Touch:

Sean Werger
1-(416)-500-9891
[email protected]

Ahead-Having a look Statements

This information unencumber comprises positive “forward-looking statements”. All statements, as opposed to statements of historic undeniable fact that deal with actions, occasions or tendencies that the Corporate believes, expects or anticipates will or might happen someday are forward-looking statements. Those forward-looking statements replicate the present expectancies or ideals of the Corporate according to data lately to be had to the Corporate. Such forward-looking statements come with statements in relation to long run exploration, drilling, assays and the consequences thereof, together with finding further high-grade nickel-copper assets on the Tamarack Nickel Undertaking and finding a brand new “gadget”; setting out environmental assessment and enterprise additional paintings and research to toughen environmental assessment; finishing a feasibility find out about; investment from the Division of Power; Ahead-looking statements are matter to important dangers and uncertainties and different elements that would motive the true effects to fluctuate materially from the ones mentioned within the forward-looking statements, and despite the fact that such exact effects are learned or considerably learned, there may also be no assurance that they’re going to have the predicted penalties to, or results at the Corporate.

Any forward-looking remark speaks simplest as of the date on which it’s made and, aside from as is also required via appropriate securities regulations, the Corporate disclaims any intent or legal responsibility to replace any forward-looking remark, whether or not on account of new data, long run occasions or effects or differently. Even if the Corporate believes that the assumptions inherent within the forward-looking statements are affordable, forward-looking statements aren’t promises of long run efficiency and accordingly undue reliance will have to no longer be placed on such statements because of the inherent uncertainty therein.

Desk 2: Collar Places of New Drill Holes Disclosed on this Press Liberate

 

Collar coordinates are UTM Zone 15N, NAD83
Azimuths and dips are taken from survey report at collar except differently famous

Desk 3: Assay Result of New Drill Holes Referred to on this Press Liberate

 

Period refers to drill hollow period and no longer True Width.
True Width is unknown on the time of e-newsletter.
All samples had been analysed via ALS Minerals. Nickel, copper, and cobalt grades had been first analysed via a 4-acid digestion and ICP AES (ME-MS61). Grades reporting more than 0.25% Ni and/or 0.1% Cu, the usage of ME-MS61, cause a sodium peroxide fusion with ICP-AES end (ICP81). Platinum, palladium and gold are to start with analyzed via a 50g hearth assay with an ICP-MS end (PGM-MS24). Any samples reporting >1g/t Pt or Pd cause an over-limit research via ICP-AES end (PGM-ICP27) and any samples reporting >1g/t Au cause an over-limit research via AAS (Au-AA26).

Determine 4. Plan view of the Raptor’s Head appearing the positioning of the brand new drill holes (in inexperienced) with intercepts of high-grade nickel mineralization

To view an enhanced model of Determine 4, please consult with:
https://photographs.newsfilecorp.com/recordsdata/2443/162921_0f9f2f43a4471af1_004full.jpg

 

Determine 5. Plan view of the Raptor’s Crest appearing the positioning of the brand new drill holes (in inexperienced) with intercepts of high-grade nickel mineralization

To view an enhanced model of Determine 5, please consult with:
https://photographs.newsfilecorp.com/recordsdata/2443/162921_0f9f2f43a4471af1_005full.jpg

To view the supply model of this press unencumber, please consult with https://www.newsfilecorp.com/unencumber/162921