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Talon Metals Reports Commissioning Of Next Phase Of Exploration At Tamarack Project, Hydromet Testing Of Recently-Produced Nickel Concentrates

Talon Metals Corp. (TSX:TLO) ("Talon" or the "Company") is pleased to announce that we have commissioned the next phase of exploration at the Tamarack Project as well as hydromet testing of recently

Benzinga · -

Talon Metals Corp. (TSX:TLO) ("Talon" or the "Company") is pleased to announce that we have commissioned the next phase of exploration at the Tamarack Project as well as hydromet testing of recently produced nickel concentrates.

Following from the success of Talon's first exploration program earlier this year, Talon has been conducting borehole and surface electromagnetic surveys at the Tamarack Project, covering large areas of the approximate 18-kilometer Tamarack Intrusive Complex. The goal is to refine previously identified conductors that could constitute high-grade nickel and copper mineralization outside of the Company's resource area. Drilling is expected to commence during the second week of August 2020.

We are also pleased to announce the preliminary results of our flowsheet development to efficiently produce nickel sulphates for the EV market. A nickel flotation concentrate was processed successfully to extract over 99% of the contained Ni and Co and approximately 88% of the Cu that was not captured in the separate copper concentrate. This is important, as these Cu units can be combined with the Cu concentrate to increase revenue. These high extraction rates were achieved in the first set of tests that were conducted on the Ni concentrate and further optimization tests are ongoing. See Table 1 below.

"In addition to successfully intercepting massive sulphide mineralization, the winter 2020 program allowed us to re-tool our methods of collecting geophysical data at Tamarack. We have already started the next phase of exploration using these improved tools and methodologies which allow us to continually collect data at a substantially reduced cost. We have also improved data processing and interpretation methods to better predict high grade nickel and copper mineralization. We aim to start drilling targets outside of the current resource area over the next number of weeks", said Henri van Rooyen, CEO of Talon. "Furthermore, our test work to responsibly produce nickel sulphates for batteries is in progress. If successful, we could dramatically reduce transportation costs while also removing expensive and energy intensive steps to take nickel from rock to battery ready."

"The Tamarack Project is strategic to the future of electric vehicles and more importantly, the security of batteries for electric vehicles in the USA and Europe, given that the Tamarack Project is the only known, undeveloped high-grade nickel-copper-cobalt project on infrastructure," said Sean Werger, President of Talon. "Given its location and quality of concentrates, it is also important to the stainless-steel industry. We will therefore continue dialogue with both the stainless steel and battery supply chains".