Talon Metals Announces a 7.8 KM Extension of Drilled Mineralization on Target Area 3 at the Trairão Iron Project
ROAD TOWN, Tortola, British Virgin Islands, July 25, 2011 /CNW/ --
NI 43-101 Mineral Resource Estimate for Target Area 3 Expected in August
TSX:TLO
ROAD TOWN, Tortola, British Virgin Islands, July 25, 2011 /CNW/ - Talon
Metals Corp. ('Talon' or the 'Company') (TSX: TLO) is pleased to
announce the results of 56 additional drill holes from the preliminary
stage reverse circulation ('RC') drilling program on Target Area 3, at
its 100% owned Trairão Iron Project ('Trairão'), located in Pará State,
Brazil. These results are in addition to the results from the initial
drilling of 17 RC drill holes on Target Area 3 announced on April 6,
2011, and bring the total number of RC holes drilled on Target Area 3
to 73 holes (see Figure 1).
These 56 RC holes were all drilled to various depths, with the deepest
being 112 metres, over some 7,800 metres of strike. Initially holes
were drilled on 400 metre spaced lines with holes being drilled 200
metres apart along the lines and subsequently the grid was closed up to
200 metre by 200 metre locally. The drilling results reported to date,
combined with the results of surface geological mapping and regional
airborne magnetic surveys, indicate that the Banded Iron Formation
('BIF') in Target Area 3 comprises two parallel units. These are a
Southern unit and a Northern unit, which individually are between 200
and 500 metres wide and together, inclusive of the surficial deposit
between the two parallel BIF units, form a target which is up to 1,000
metres wide. The mineralization overlying the BIF units consists of
surficial deposits underlain by saprolite and then saprock and BIF. The
results of all RC drill holes on Target Area 3 are shown in the
Appendix of this news release.
Highlights of the recent drilling results on Target Area 3 are as
follows:
Southern BIF unit
Hole TRC-0065 - 74 metres grading 42% Fe, including 26 metres grading
53% Fe.
Hole TRC-0157 - 94 metres* grading 39% Fe, including 47 metres grading
49% Fe.
Hole TRC-0161 - 84 metres* grading 41% Fe, including 22 metres grading
52% Fe.
Hole TRC-0151 - 63 metres* grading 40% Fe, including 16 metres grading
46% Fe.
Hole TRC-0163 - 80 metres grading 36% Fe, including 25 metres grading
52% Fe.
Northern BIF unit
Hole TRC-0147 - 49 metres* grading 37% Fe, including 16 metres grading
55% Fe.
Hole TRC-0142 - 104 metres* grading 33% Fe, including 23 metres grading
46% Fe.
Hole TRC-0125 - 93 metres* grading 33% Fe, including 13 metres grading
47% Fe.
Hole TRC-0067 - 73 metres* grading 34% Fe, including 24 metres grading
41% Fe.
Surficial Deposits between the BIF units
Hole TRC-0131 - 5 metres grading 49% Fe.
Hole TRC-0139 - 14 metres grading 49% Fe.
Hole TRC-0166 - 7 metres grading 49% Fe.
Hole TRC-0143 - 11 metres grading 45% Fe.
*Drilling on these holes stopped due to the limited capability of the
drill rig, and not due to the limit of mineralization.
'These drilling results are important as they confirm a continuation of
the same type of mineralization at Target Area 3 as we have on Target
Areas 1 and 2, and these results extend the combined drilled strike
length on these three target areas to over 18 kilometres,' said Mr.
Eddie Scholtz, President and CEO of Talon. 'These results justify the
early start we have made to the preliminary scoping studies on mining,
metallurgical, logistical and environmental aspects, which are now well
underway.'
The Southern BIF on Area 3 dips steeply (60°-70°) to the north on the
western sector and to the south-west on the eastern sector. The deepest
intersection on the Southern BIF has an apparent thickness of more than
109 metres (TRC-0137) and the average grades intersected are up to 49%
Fe (TRC-0135).
The Northern BIF on Area 3 dips steeply (55°-80°) to the north on the
western sector and to the south-west on the eastern sector. The deepest
mineralization intersected on the Northern Unit BIF has an apparent
thickness of more than 104 metres (TRC-0142), and average grades
intersected are up to 45% Fe (TRC-0062).
The drilling in this area also intersected surficial deposits developed
between the two BIF units, and although most are of limited depth, they
generally have grades in excess of 45% Fe.
The mineralization in Target Area 3 is a continuation of the type of
mineralization found on Target Areas 1 and 2, which tends to have
higher grades in the oxidized, surficial deposits and saprolite, which
are underlain by slightly lower grade mineralization in saprock and the
fresh magnetite rich BIFs at depth. Target Areas 1 and 2 have
cumulative strike length of 10.4 kilometres and a total inferred
mineral resource estimate of approximately 688 million tonnes at an
average grade of approximately 37% Fe at a 25% Fe cut-off (National
Instrument 43-101 compliant).
All geological and analytical data obtained from the drilling of the 73
RC holes on Target Area 3 have been forwarded to Coffey Mining Ltd.
('Coffey'), independent technical consultants who have been engaged by
Talon to conduct a National Instrument 43-101 ('NI 43-101') compliant
mineral resource estimate for this target area. A mineral resource
estimate for Target Area 3 is expected to be announced in August 2011.
Since January 2011, Talon has completed 322 RC drill holes (17,774
metres) and 34 diamond drill holes (4,284 metres) at the Trairão Iron
Project. Drilling continues with 2 RC rigs and 3 diamond drill rigs.
The diamond rigs are now focusing on infill drilling on 200 by 200
metres drill grid on Target Areas 1 and 2. The RC rigs are currently
conducting a preliminary scout drilling program over Target Areas 7 to
13.
To view Figure 1: Geology and Drilling Layout Target Area 3, Trairão Iron Project please visit: http://files.newswire.ca/882/Figure_1_July_25.pdf
Quality Assurance, Quality Control and Qualified Person
All drilling samples have been prepared and analyzed by SGS-Geosol
Laboratórios Ltda ('SGS') which is ISO14001:2004 and ISO 9001:2008
accredited and is independent of Talon. Sample preparation was
conducted at SGS Parauapebas preparation facility whereas analyses were
performed at the SGS laboratory based in Belo Horizonte, Brazil. The
samples were analyzed by fusion with lithium tetraborate-XRF for SiO(2), Al(2)O(3), CaO, Fe(2)O(3), K(2)O, MgO, TiO(2), P, Mn and Cr(2)O(3) and retained moisture (LOI) by multi-temperature.
QA/QC procedures include the submission by Talon of systematic
duplicates, blanks and standard samples within every sample batch
submitted to SGS. In addition, SGS inserts its own standards, blanks
and duplicate samples. The results from these control samples indicate
acceptable consistency of analyses.
Talon's exploration programs are being managed by Talon's Mining
Engineer, Mr. Ricardo Álvares de Campos Cordeiro. Mr. Cordeiro, a
'qualified person' within the meaning of NI 43-101, has reviewed,
approved and verified the data disclosed in this news release (other
than the mineral resource estimate disclosed herein) including
sampling, analytical and test data underlying the technical
information.
The qualified person who prepared the mineral resource estimate
mentioned in this news release is Mr. Bernardo Horta de Cerqueira Viana
who is a geologist, independent of Talon and an employee of Coffey.
Please refer to Talon's news release of June 29, 2011 entitled 'Talon
Metals Announces a 48% Increase in Mineral Resources at the Trairão
Iron Project, Brazil' for additional information on this mineral
resource estimate. Talon plans to file an updated technical report in
respect of the results from Trairão shortly.
Coffey compiled a NI 43-101 compliant technical report on Target Areas 1
and 2 of the Trairão Iron Project entitled 'Second Independent
Technical Report on Mineral Resources' dated March 29, 2011, a copy of
which is available under Talon's SEDAR profile at www.sedar.com.
About the Trairão Project
The Trairão Iron Project is situated within the Serra da Seringa Archean
age greenstone belt, within the Carajás Mineral Province in Brazil,
which also hosts numerous other iron ore deposits. The Trairão Project
comprises eight exploration licences and four applications for
exploration licences, for a total area of 76,523 hectares (189,092
acres). The primary protore iron mineralization in the project area is
magnetite-rich BIFs. The BIFs are associated with positive magnetic
anomalies and locally are overlain by extensive supergene enriched
oxidized iron deposits in surficial and saprolite zones. Thirteen
discreet target areas with iron deposits have been delineated within
the licence area.
About Talon
Talon is a TSX-listed company focused on the exploration and development
of its 100% owned Trairão Iron Project in Pará State, Brazil. The
Company has a well-qualified exploration and management team with
extensive experience in exploration and project management.
Talon has a treasury of approximately CDN$31 million 91.7 million common
shares outstanding and 107.6 million shares on a fully diluted basis.
Forward-Looking Information
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 Trairão Iron Project
with respect to estimates in respect of mineral resource quantities,
mineral resource qualities, the potential scope of the mineralized
area, the preparation of a mineral resource estimate on Target Area 3
and the preparation of a further updated technical report for the
Trairão Iron Project, together with the timing associated therewith,
and targets, goals, objectives and plans (including the Company's
drilling-exploration plans and plans regarding scoping studies).
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, risks related to the exploration
stage of the Company's properties, the possibility that future
exploration results will not be consistent with the Company's
expectations (including identifying additional and/or deeper
mineralization), changes in the price of iron ore, changes in equity
markets, political developments in Brazil, uncertainties relating to
the availability and costs of financing needed in the future, changes
to regulations affecting the Company's activities, delays in obtaining
or failures to obtain required regulatory approvals, the uncertainties
involved in interpreting drilling and exploration results and other
geological data 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 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.
The mineral resource figures disclosed in this news release are
estimates and no assurances can be given that the indicated levels of
iron 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 mineral resource estimates disclosed in this
news release are well established, by their nature mineral 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.
APPENDIX
Table 1 - Drill Hole Intersections from Southern BIF on Target Area 3
___________________________________________________________________
| Hole ID |E.O.H.* |From | To |Interval** |Grade***|Geological |
| | (m) | (m) | (m) | (m) | (% Fe) | Unit |
|___________|________|_____|______|___________|________|____________|
|TRC-0057(()| 87.00 |0.00 |87.00 | 87.00(#) | 43.40 |Southern BIF|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |48.00 | 48.00 | 47.79 | |
|____________________|_____|______|___________|________|____________|
|TRC-0064(()| 89.00 |0.00 |70.00 | 70.00 | 28.04 |Southern BIF|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |22.00 | 22.00 | 35.18 | |
|____________________|_____|______|___________|________|____________|
| TRC-0065 | 75.00 |0.00 |74.00 | 74.00 | 42.15 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |26.00 | 26.00 | 53.05 | |
|____________________|_____|______|___________|________|____________|
| TRC-0066 | 94.00 |0.00 |36.00 | 36.00 | 36.04 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |11.00 | 11.00 | 46.37 | |
|____________________|_____|______|___________|________|____________|
| TRC-0068 | 40.00 |0.00 |40.00 | 40.00(#) | 9.22 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| TRC-0069 | 84.00 |0.00 |84.00 | 84.00(#) | 25.38 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |11.00 | 11.00 | 40.45 | |
|____________________|_____|______|___________|________|____________|
| TRC-0070 | 42.00 |0.00 |27.00 | 27.00 | 40.44 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |10.00 | 10.00 | 50.99 | |
|____________________|_____|______|___________|________|____________|
|TRC-0071(()| 100.00 |0.00 |100.00| 100.00(#) | 38.20 |Southern BIF|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |24.00 | 24.00 | 54.24 | |
|____________________|_____|______|___________|________|____________|
|TRC-0077(()| 100.00 |0.00 |89.00 | 89.00 | 30.51 |Southern BIF|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |14.00 | 14.00 | 43.42 | |
|____________________|_____|______|___________|________|____________|
| TRC-0078 | 71.00 |0.00 |63.00 | 63.00 | 30.77 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |25.00 | 25.00 | 36.32 | |
|____________________|_____|______|___________|________|____________|
| TRC-0079 | 98.00 |0.00 |74.00 | 74.00 | 29.45 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |12.00 | 12.00 | 38.93 | |
|____________________|_____|______|___________|________|____________|
| TRC-0082 | 39.00 |0.00 |39.00 | 39.00(#) | 30.72 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |19.00 | 19.00 | 35.97 | |
|____________________|_____|______|___________|________|____________|
| TRC-0122 | 55.00 |0.00 |55.00 | 55.00(#) | 31.71 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| TRC-0123 | 46.00 |0.00 |46.00 | 46.00(#) | 27.64 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| TRC-0124 | 106.00 |0.00 |106.00| 106.00(#) | 18.78 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| TRC-0126 | 112.00 |0.00 |88.00 | 88.00 | 27.53 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |18.00 | 18.00 | 37.21 | |
|____________________|_____|______|___________|________|____________|
| TRC-0127 | 106.00 |0.00 |106.00| 106.00(#) | 25.87 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| TRC-0129 | 100.00 |0.00 |54.00 | 54.00 | 31.36 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 | 7.00 | 7.00 | 45.50 | |
|____________________|_____|______|___________|________|____________|
| TRC-0130 | 45.00 |0.00 |41.00 | 41.00 | 33.51 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |14.00 | 14.00 | 44.92 | |
|____________________|_____|______|___________|________|____________|
| TRC-0132 | 87.00 |0.00 |79.00 | 79.00 | 34.69 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |14.00 | 14.00 | 51.31 | |
|____________________|_____|______|___________|________|____________|
| TRC-0134 | 103.00 |0.00 |96.00 | 96.00 | 32.47 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |14.00 | 14.00 | 42.76 | |
|____________________|_____|______|___________|________|____________|
| TRC-0135 | 51.00 |0.00 |46.00 | 46.00 | 48.64 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |20.00 | 20.00 | 51.37 | |
|____________________|_____|______|___________|________|____________|
| TRC-0137 | 109.00 |0.00 |109.00| 109.00(#) | 26.62 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 | 9.00 | 9.00 | 43.52 | |
|____________________|_____|______|___________|________|____________|
| TRC-0149 | 61.00 |0.00 |57.00 | 57.00 | 31.75 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 | 3.00 | 3.00 | 48.67 | |
|____________________|_____|______|___________|________|____________|
| TRC-0150 | 79.00 |0.00 |79.00 | 79.00(#) | 36.13 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 | 5.00 | 5.00 | 42.52 | |
|____________________|_____|______|___________|________|____________|
| TRC-0151 | 63.00 |0.00 |63.00 | 63.00(#) | 39.68 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |16.00 | 16.00 | 46.22 | |
|____________________|_____|______|___________|________|____________|
| TRC-0156 | 81.00 |0.00 |59.00 | 59.00 | 30.40 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| TRC-0157 | 94.00 |0.00 |94.00 | 94.00(#) | 39.33 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |47.00 | 47.00 | 49.44 | |
|____________________|_____|______|___________|________|____________|
| TRC-0158 | 43.00 |0.00 |38.00 | 38.00 | 35.56 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |17.00 | 17.00 | 44.53 | |
|____________________|_____|______|___________|________|____________|
| TRC-0159 | 76.00 |0.00 |44.00 | 44.00 | 39.86 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |21.00 | 21.00 | 45.83 | |
|____________________|_____|______|___________|________|____________|
| TRC-0161 | 84.00 |0.00 |84.00 | 84.00(#) | 40.74 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |22.00 | 22.00 | 51.96 | |
|____________________|_____|______|___________|________|____________|
| TRC-0162 | 83.00 |0.00 |83.00 | 83.00(#) | 36.08 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |15.00 | 15.00 | 52.49 | |
|____________________|_____|______|___________|________|____________|
| TRC-0163 | 85.00 |0.00 |80.00 | 80.00 | 36.12 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
| (including) |0.00 |25.00 | 25.00 | 52.36 | |
|____________________|_____|______|___________|________|____________|
| TRC-0165 | 88.00 |0.00 |71.00 | 71.00 | 28.07 |Southern BIF|
|___________|________|_____|______|___________|________|____________|
Table 2 - Drill Hole Intersections from Northern BIF on Target Area 3
_____________________________________________________________________
| Hole ID |E.O.H.* (m)|From |To (m)|Interval** |Grade***|Geological |
| | | (m) | | (m) | (% Fe) | Unit |
|___________|___________|_____|______|___________|________|___________|
|TRC-0059(()| 76.00 |0.00 |76.00 | 76.00(#) | 34.61 | Northern |
| (^)()) | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| (including) |33.00|45.00 | 12.00 | 46.33 | |
|_______________________|_____|______|___________|________|___________|
|TRC-0062(()| 84.00 |0.00 |84.00 | 84.00(#) | 45.03 | Northern |
| (^)()) | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| (including) |0.00 | 9.00 | 9.00 | 50.54 | |
|_______________________|_____|______|___________|________|___________|
|TRC-0063(()| 89.00 |0.00 |89.00 | 89.00(#) | 29.51 | Northern |
| (^)()) | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| (including) |0.00 |28.00 | 28.00 | 37.81 | |
|_______________________|_____|______|___________|________|___________|
| TRC-0067 | 73.00 |0.00 |73.00 | 73.00(#) | 33.66 | Northern |
| | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| (including) |0.00 |24.00 | 24.00 | 41.21 | |
|_______________________|_____|______|___________|________|___________|
|TRC-0072(()| 84.00 |0.00 |84.00 | 84.00(#) | 30.19 | Northern |
| (^)()) | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| TRC-0075 | 105.00 |29.00|97.00 | 68.00 | 28.41 | Northern |
| | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| TRC-0080 | 40.00 |0.00 |40.00 | 40.00 | 5.95 | Northern |
| | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| TRC-0081 | 15.00 |0.00 |15.00 | 15.00 | 8.64 | Northern |
| | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| TRC-0125 | 93.00 |0.00 |93.00 | 93.00(#) | 32.95 | Northern |
| | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| (including) |0.00 |13.00 | 13.00 | 47.41 | |
|_______________________|_____|______|___________|________|___________|
| TRC-0142 | 104.00 |0.00 |104.00| 104.00(#) | 33.41 | Northern |
| | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| (including) |0.00 |23.00 | 23.00 | 45.63 | |
|_______________________|_____|______|___________|________|___________|
| TRC-0145 | 88.00 |0.00 |88.00 | 88.00(#) | 30.86 | Northern |
| | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| (including) |0.00 |12.00 | 12.00 | 48.35 | |
|_______________________|_____|______|___________|________|___________|
| TRC-0147 | 49.00 |0.00 |49.00 | 49.00(#) | 37.32 | Northern |
| | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
| (including) |0.00 |16.00 | 16.00 | 54.98 | |
|_______________________|_____|______|___________|________|___________|
| | |35.00|47.00 | 12.00 | 31.93 | Northern |
| | | | | | | BIF |
|___________|___________|_____|______|___________|________|___________|
Table 3 - Drill Hole Intersections from Surficial Deposits on Target
Area 3
_____________________________________________________________________
| Hole ID |E.O.H.* |From |To (m)|Interval** |Grade***| Geological |
| | (m) | (m) | | (m) | (% Fe) | Unit |
|___________|________|_____|______|___________|________|______________|
|TRC-0054(()| 25.00 |0.00 |17.00 | 17.00 | 44.32 |Surficial Dep.|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|______________|
|TRC-0055(()| 58.00 |0.00 |11.00 | 11.00 | 42.50 |Surficial Dep.|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|______________|
|TRC-0056(()| 33.00 |0.00 |10.00 | 10.00 | 40.98 |Surficial Dep.|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|______________|
|TRC-0058(()| 40.00 |0.00 |12.00 | 12.00 | 45.03 |Surficial Dep.|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|______________|
|TRC-0060(()| 37.00 |0.00 | 9.00 | 9.00 | 46.41 |Surficial Dep.|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|______________|
|TRC-0061(()| 33.00 |0.00 |11.00 | 11.00 | 46.26 |Surficial Dep.|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|______________|
|TRC-0073(()| 27.00 |0.00 | 8.00 | 8.00 | 46.46 |Surficial Dep.|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|______________|
|TRC-0074(()| 36.00 |0.00 | 3.00 | 3.00 | 31.73 |Surficial Dep.|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|______________|
|TRC-0076(()| 40.00 |0.00 | 8.00 | 8.00 | 48.00 |Surficial Dep.|
| (^)()) | | | | | | |
|___________|________|_____|______|___________|________|______________|
| TRC-0128 | 34.00 |0.00 | 8.00 | 8.00 | 42.13 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0131 | 45.00 |0.00 | 5.00 | 5.00 | 49.38 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0133 | 45.00 |0.00 | 7.00 | 7.00 | 45.73 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0136 | 34.00 |0.00 |18.00 | 18.00 | 38.26 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0138 | 45.00 |0.00 |18.00 | 18.00 | 42.87 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0139 | 33.00 |0.00 |14.00 | 14.00 | 48.70 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0140 | 33.00 |0.00 |13.00 | 13.00 | 41.34 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0141 | 40.00 |0.00 | 3.00 | 3.00 | 49.37 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0143 | 45.00 |0.00 |11.00 | 11.00 | 45.53 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0144 | 43.00 |0.00 | 9.00 | 9.00 | 41.20 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0146 | 42.00 |0.00 | 8.00 | 8.00 | 37.94 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0148 | 25.00 |0.00 | 8.00 | 8.00 | 31.66 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0152 | 45.00 |0.00 |14.00 | 14.00 | 37.04 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0153 | 40.00 |0.00 | 7.00 | 7.00 | 42.54 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0154 | 45.00 |0.00 | 5.00 | 5.00 | 39.80 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0164 | 54.00 |0.00 | 9.00 | 9.00 | 40.89 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0166 | 42.00 |0.00 | 7.00 | 7.00 | 48.74 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
| TRC-0168 | 36.00 |0.00 | 5.00 | 5.00 | 43.66 |Surficial Dep.|
|___________|________|_____|______|___________|________|______________|
|Notes: |
|(^) Results released on April 6, 2011 |
|(*) E.O.H. means 'End of the hole' |
|(**) intervals do not represent the true widths |
|(***) Fe grade are uncut |
|((#)) Mineralization open at depth |
|The prefix TRC on the Hole ID column indicates reverse circulation |
|('RC') drill holes. All RC drill holes were drilled vertically. |
|_____________________________________________________________________|
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/25/c7241.html
For additional information on Talon please visit the Company's website at www.talonmetals.com or contact:
Erica Belling
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243
Email: ebelling@taucapital.com