Major Gold Intercept at Eagle Lake
Summary by AI BETAClose X
12 November 2026
Talon Resources plc
(“Talon” or the “Company”)
Major Gold Intercept Confirms Potential at Eagle Lake
126.8m at 0.81 g/t Au, including 94.5m at 1.00 g/t Au, at Cedar Trench
Talon Resources plc (AIM: TAR), the North American gold exploration company, is pleased to announce further assay results from its maiden drill programme at the Eagle Lake Gold Project in Ontario, Canada ("Eagle Lake" or the "Project").
OVERVIEW
- Significant near-surface gold mineralisation confirmed at Cedar Trench, with hole EG-26-07 intersecting 126.8m at 0.81 g/t Au, including 94.5m at 1.00 g/t Au and the previously reported high-grade intercept of 8.75m at 5.05 g/t Au.
- Grade begins in the first sample in fresh rock at just 4.17m and continues to the end of the hole at 131m, indicating potential for further extension.
- The intercept represents a grade-thickness of 102.71 gram-metres, a strong result for an early-stage exploration programme and one that warrants further investigation.
- Assays remain outstanding from two further holes at Cedar Trench, EG-26-08 and EG-26-09, which will help inform the next phase of drilling.
- Much of the c.7km prospective strike length at Eagle Lake remains largely untested, offering considerable scope for further exploration.
- MINML will incorporate the latest assay and geological data into its machine learning-assisted targeting model to refine the next phase of drilling, currently anticipated in Spring 2027.
Alex King, Chief Executive Officer, commented: "To have intersected 126.8 metres at 0.81 g/t gold, including 94.5 metres at 1.00 g/t, in our first drilling programme at Eagle Lake is a fantastic result. A grade-thickness of over 100 gram-metres is a significant result for a scout hole, particularly with mineralisation encountered from near surface and continuing to the end of the hole. Cedar Trench was MINML's highest-ranked target before we started drilling, and the results have certainly justified that ranking.
"We have also encountered high-grade gold mineralisation elsewhere on the property, but these results from Cedar Trench have surpassed our initial expectations, meriting further work, and will be the focus of our immediate follow-up efforts. There are still two holes from this target awaiting assays, and much of Eagle Lake's c.7km prospective strike remains untested. We now have some very encouraging results to work with and alongside MINML we will use the full dataset to plan the next phase of drilling at Cedar Trench. I'm looking forward to seeing what further exploration can deliver."
DETAILS
The maiden drill programme at Eagle Lake comprised 12 holes totalling 1,169m across selected targets, following the Company's initial geological mapping and surface sampling programme earlier in 2026. Assay results have now been received from 10 holes, with results from the remaining two holes, EG-26-08 and EG-26-09 at Cedar Trench, expected in the coming weeks.
Further assay results from hole EG-26-07 at Cedar Trench have confirmed an interval of 126.83m at 0.81 g/t Au, extending from 4.17m downhole to the end of the hole at 131.00m. This includes 94.50m at 1.00 g/t Au and the previously reported high-grade intercept of 8.75m at 5.05 g/t Au from 76.50m, including 0.93m at 15.10 g/t Au and 1.25m at 17.08 g/t Au.
The results substantially extend the mineralisation announced on 29 October 2026, when initial assays from EG-26-07 identified 21.25m at 2.19 g/t Au. The full 126.8m interval represents a grade-thickness of approximately 103 gram-metres, with mineralisation encountered from near surface and continuing to the end of the hole.
Cedar Trench was the highest-ranked target identified by MINML's PRISM machine learning platform and has delivered the strongest results of the maiden programme to date, supporting its selection as the priority for follow-up drilling.
Results from other targets tested during the programme have also identified gold mineralisation, including 1.00m at 25.30 g/t Au in hole EG-26-04 at East Fornieri Bay. While Cedar Trench has delivered the most significant results to date, the wider results will contribute to the Company's geological interpretation.
Once the outstanding assays have been received, Talon will work with MINML to incorporate the full dataset into its targeting model and plan follow-up drilling, currently anticipated in Spring 2027. Notably, much of Eagle Lake's c.7km prospective strike length remains largely untested.
Figure 1: Cedar Trench drill traces showing preliminary gold assay grades for EG-26-06 and EG-26-07 and the locations of EG-26-08 and EG-26-09.
|
Table 1: Eagle Lake maiden drill programme – updated significant intercepts Hole |
Prospect |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
|
EG-26-01 |
E.Fornieri |
33.50 |
39.30 |
5.80 |
0.54 |
|
|
incl. |
36.00 |
39.30 |
3.30 |
0.89 |
|
|
incl. |
36.00 |
37.10 |
1.10 |
1.68 |
|
|
incl. |
38.50 |
39.30 |
0.80 |
1.33 |
|
EG-26-02 |
E.Fornieri |
4.03 |
7.00 |
2.97 |
0.50 |
|
|
|
21.73 |
22.36 |
0.63 |
3.54 |
|
EG-26-03 |
E.Fornieri |
4.72 |
5.30 |
0.58 |
1.00 |
|
|
|
19.50 |
20.00 |
0.50 |
6.86 |
|
|
|
45.45 |
46.00 |
0.55 |
1.24 |
|
|
|
48.07 |
49.00 |
0.93 |
0.33 |
|
|
|
94.00 |
96.99 |
2.99 |
0.70 |
|
EG-26-04 |
E.Fornieri |
18.50 |
31.00 |
12.50 |
0.17 |
|
|
|
47.00 |
48.00 |
1.00 |
25.30 |
|
|
|
69.00 |
70.00 |
1.00 |
2.16 |
|
EG-26-05 |
E.Fornieri |
15.27 |
17.71 |
2.44 |
1.05 |
|
|
incl. |
15.27 |
16.27 |
1.00 |
1.79 |
|
|
|
20.09 |
20.39 |
0.30 |
3.81 |
|
|
|
30.00 |
31.00 |
1.00 |
1.35 |
|
|
|
35.00 |
36.00 |
1.00 |
1.20 |
|
|
|
59.03 |
60.50 |
1.47 |
0.75 |
|
EG-26-06 |
Cedar Trench |
19.50 |
23.50 |
4.00 |
0.53 |
|
|
|
30.15 |
63.50 |
33.35 |
0.61 |
|
|
incl. |
30.15 |
31.00 |
0.85 |
0.59 |
|
|
incl. |
32.50 |
39.00 |
6.50 |
0.83 |
|
|
incl. |
34.00 |
35.50 |
1.50 |
1.85 |
|
|
incl. |
42.00 |
45.37 |
3.37 |
0.35 |
|
|
incl. |
49.00 |
54.43 |
5.43 |
0.71 |
|
|
incl. |
52.41 |
53.33 |
0.92 |
1.28 |
|
|
incl. |
56.95 |
61.50 |
4.55 |
1.83 |
|
|
incl. |
56.95 |
60.57 |
3.62 |
2.07 |
|
|
incl. |
56.95 |
58.00 |
1.05 |
1.86 |
|
|
incl. |
59.48 |
60.57 |
1.09 |
4.85 |
|
|
|
71.50 |
73.50 |
2.00 |
0.59 |
|
|
|
76.95 |
79.88 |
2.93 |
0.39 |
|
|
|
87.00 |
88.00 |
1.00 |
0.73 |
|
|
|
93.00 |
93.79 |
0.79 |
0.43 |
|
EG-26-07 |
Cedar Trench |
4.17 |
131.00 |
126.83 |
0.81 |
|
|
incl. |
14.81 |
16.00 |
1.19 |
1.79 |
|
|
incl. |
30.00 |
32.35 |
2.35 |
1.09 |
|
|
incl. |
31.50 |
126.00 |
94.50 |
1.00 |
|
|
incl. |
31.50 |
32.35 |
0.85 |
1.68 |
|
|
incl. |
35.00 |
60.07 |
25.07 |
1.40 |
|
|
incl. |
35.00 |
36.40 |
1.40 |
3.74 |
|
|
incl. |
39.40 |
45.50 |
6.10 |
2.61 |
|
|
incl. |
47.00 |
49.72 |
2.72 |
1.91 |
|
|
incl. |
48.50 |
60.07 |
11.57 |
0.85 |
|
|
incl. |
49.12 |
49.72 |
0.60 |
4.67 |
|
|
incl. |
55.50 |
56.50 |
1.00 |
1.98 |
|
|
incl. |
64.00 |
85.25 |
21.25 |
2.19 |
|
|
incl. |
64.00 |
68.34 |
4.34 |
0.30 |
|
|
incl. |
76.50 |
89.00 |
12.50 |
3.64 |
|
|
incl. |
76.50 |
85.25 |
8.75 |
5.05 |
|
|
incl. |
77.57 |
85.25 |
7.68 |
5.71 |
|
|
incl. |
77.57 |
80.27 |
2.70 |
5.79 |
|
|
incl. |
77.57 |
78.50 |
0.93 |
15.10 |
|
|
incl. |
81.50 |
85.25 |
3.75 |
7.38 |
|
|
incl. |
84.00 |
85.25 |
1.25 |
17.08 |
|
|
incl. |
100.00 |
103.00 |
3.00 |
0.71 |
|
|
incl. |
100.00 |
101.00 |
1.00 |
1.22 |
|
|
incl. |
124.82 |
128.80 |
3.98 |
1.07 |
|
|
incl. |
124.82 |
126.00 |
1.18 |
2.36 |
|
EG-26-10 |
West Fornieri |
3.40 |
16.00 |
12.60 |
0.80 |
|
|
incl. |
10.00 |
11.00 |
1.00 |
1.58 |
|
|
incl. |
13.00 |
15.00 |
2.00 |
1.64 |
|
|
|
44.50 |
50.00 |
5.50 |
0.34 |
|
|
|
83.00 |
93.00 |
10.00 |
0.73 |
|
|
incl. |
84.50 |
86.00 |
1.50 |
1.82 |
|
|
incl. |
89.50 |
90.50 |
1.00 |
1.21 |
|
|
|
133.00 |
134.58 |
1.58 |
1.15 |
|
EG-26-11 |
West Fornieri |
2.13 |
5.00 |
2.87 |
0.36 |
|
EG-26-12 |
Moss Knoll |
27.30 |
29.00 |
1.70 |
1.26 |
|
|
incl. |
27.30 |
28.15 |
0.85 |
1.68 |
|
|
|
63.50 |
65.00 |
1.50 |
0.72 |
Notes: Most results are preliminary pending final laboratory certificates. Shaded rows indicate assay intercepts previously reported on 29 October 2026. Lengths are core lengths, true widths unknown. Metallic screen (FA-MeT) results used where the fire assay–gravimetric (FA-GRA) method detected >5 g/t Au. Au assays below detection of 0.03 ppm use half of the detection limit. Bulk intervals are calculated at a 0.1 g/t Au cutoff with ≤3.0 m consecutive internal dilution, except the EG-26-07 126.83 m (whole hole) and 94.50 m intervals, which are length-weighted
Qualified Person Statement
The technical information contained in this announcement has been reviewed and approved by Douglas Murray, P.Geo., Senior Geologist at Critical Discoveries Ltd., which is contracted by the Company to manage the Eagle Lake drill programme. Mr Murray is a Professional Geoscientist registered with Engineers and Geoscientists British Columbia, has at least five years of relevant experience in gold exploration, and is a qualified person as defined in the AIM Note for Mining, Oil and Gas Companies.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018). The Directors of the Company are responsible for this announcement.
ENDS
Enquiries
|
Talon Resources PLC https://www.talonresourcesplc.com |
Alex King, CEO |
Tel: +44 (0)203 475 6834 |
|
Cairn Financial Advisers LLP Nominated Adviser |
Louise O’Driscoll / Ludovico Lazzaretti |
Tel: +44 (0)207 213 0880 |
|
Bowsprit Partners Limited Broker |
James Sheehan |
Tel: +44 (0)20 3 883 4430 |
|
St Brides Partners Ltd Financial PR |
Isabel de Salis / Susie Geliher |
talon@stbridespartners.co.uk |
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NOTES
Talon Resources PLC (AIM: TAR) is a gold exploration company focused on high-impact discovery opportunities across North America. Its initial asset is the Eagle Lake gold project in Ontario’s Wabigoon Subprovince, where it holds a 90% interest in a land package with multiple high-grade gold targets and significant exploration upside. Through its collaboration with MINML, Talon is also generating new targets across the Wabigoon Subprovince using machine learning-assisted prospectivity mapping, while continuing to evaluate additional opportunities elsewhere in North America.
Forward-Looking Statements
This announcement may contain forward-looking statements. These statements are made by the Directors in good faith based on the information available to them at the time of their approval of this announcement and such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.
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