Business
More Nickel in the USA: Talon Metals Commences Drilling in Michigan's Upper Peninsula
Historic Drilling Suggests Many Targets for High-Grade Nickel and Copper Near the Only Producing ...
About this update from Talon Metals Corp.
[{"type":"text","content":"More Nickel in the USA: Talon Metals Commences Drilling in Michigan's Upper PeninsulaHistoric Drilling Suggests Many Targets for High-Grade Nickel and Copper Near the Only Producing Nickel Mine in the USATamarack, Minnesota--(Newsfile Corp. - June 18, 2024) - Talon Metals Corp. (TSX:TLO) (OTC Pink: TLOFF) (\"Talon\" or the \"Company\") announces that it has begun mineral exploration drilling in the Upper Peninsula of the State of Michigan, fulfilling one of the key initiatives of its 2024 exploration plan. In 2022, Talon entered into an option and earn-in agreement (the UPX Option Agreement\") with UPX Minerals Inc. (a wholly-owned subsidiary of Sweetwater Royalties) (\"UPX\") to acquire up to an 80% ownership interest in the mineral rights over a land package comprised of approximately 400,000 acres located in the Upper Peninsula of the State of Michigan. The Company also has rights to explore certain other properties in Michigan that are not subject to the UPX Option Agreement, including approximately 23,000 acres of State mineral leases (collectively, the \"Talon Michigan Nickel-Copper Properties\"). HighlightsDrilling commenced in Michigan and Ongoing in Minnesota: Talon has mobilized an in-house exploration team of geologists, geophysicists, and drill crew to the Talon Michigan Nickel-Copper Properties, complementing ongoing exploration at the Tamarack Nickel Project in Minnesota. One drill rig is now active in Michigan. Strategic Location: Talon's land package in Michigan is located within 1.7 miles (2.8 km) of the high-grade Eagle Nickel Mine, the only active nickel mine in the USA, and just 0.4 miles (0.6 km) from the Humboldt Mill.Initial Geophysics Completed and Drilling Started at the Roland Target: In May 2024, ahead of schedule, Talon commenced geophysical surveys at three high priority targets. Following this initial geophysical work, Talon has now commenced exploration drilling at the Roland Target (see Figures 1 and 2).High-Grade Potential: Talon will be following up on historic drilling of over 80 holes across the Talon Michigan Nickel-Copper Properties, that resulted in grades similar to the high-grade Eagle Mine and the Tamarack Nickel Project.Nearly 50% funded by the US Department of Defense (DOD): In September 2023, Talon and the US Department of Defense announced that the US Department of Defense would prov...