Shares of Junior Miner Up on New Copper-Nickel Discovery

The demand for copper and nickel keeps increasing, along with the rising need for renewable energy and EV batteries—sending shares of this miner moving higher after a critical discovery in Michigan.

Mineral exploration company Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) announced in a press release today that its in-house exploration drilling and geophysics team has discovered 99.92 meters of copper and nickel mineralization on its maiden drill hole at the Boulderdash target in the Upper Peninsula of Michigan. 

The discovery is a major milestone in the ongoing exploration efforts in Michigan as part of Talon's 2024 exploration plan. The exploration in Michigan identified the Boulderdash target, part of the Ni-Cu mineralized boulder trains in the Baraga Basin, which has shown encouraging results with mineralized boulders. However, the source of the boulders had previously been a mystery. Talon combined geophysical techniques with surface prospecting to identify a drill target and confirm the source of mineralization with the first drill hole.

Talon entered into an option and earn-in agreement with UPX Minerals Inc. in 2022 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 first hole drilled at Boulderdash is part of this land package.

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