Talon Metals reports final results from Phase II drill program at Agua Branca Gold Project



    TSX:TLO

    ROAD TOWN, Tortola, British Virgin Islands, July 7 /CNW/ - Talon Metals
Corp. ("Talon" or the "Company") (TSX: TLO) is pleased to announce results
from the final twelve diamond drill holes of a 2,316.80 metre, twenty-one-hole
Phase II program on the Company's 100%-owned Agua Branca Gold Project ("Agua
Branca" or the "Project"), located in the Tapajos Gold District, Para State,
Brazil.
    The Phase II diamond drilling program tested four target areas,
including; eight drill holes at the Serra da Abelha target (925.65 metres),
one drill hole at the Jerimun target (115.10 metres), four drill holes at the
Heaven West target (448.25 metres) and eight drill holes at the Sierra Delta
target (827.80 metres). Assays from Serra da Abelha, Jerimun and part of the
Heaven West drill program were reported in the Company's January 2, 2008 and
September 5, 2007 news releases.

    
    Highlights of the final drill results include:
    -   1.69 g/t Au over 5.60 metres in ABD-026-08 (Heaven West)
    -   4.12 g/t Au over 2.99 metres in ABD-034-08 (Sierra Delta)
    -   4.84 g/t Au over 0.97 metre and 1.77 g/t Au over 2.88 metres in
        ABD-029C-08 (Sierra Delta)
    -   4.00 g/t Au over 1.00 metre in ABD-028-08 (Sierra Delta)
    

    Drilling at Heaven West intersected a series of quartz-sulphide
veins/veinlets and dolerite dykes distributed along distinct
structurally-controlled zones that cross-cut a monzogranite intrusive.
Pervasive hydrothermal alteration is usual along these structural zones and
commonly expressed by sericite +/- chlorite +/- silica alteration. Pyrite is
the most common sulphide associated with veins and hydrothermal system.
Locally, galena is associated with pyrite within the veins. Although
geological mapping indicated widespread alteration at this target, the
drilling results indicated that the distribution of gold mineralization is
more restricted.
    At Sierra Delta, drilling identified a large hydrothermal system which
overprints felsic intrusives and subvolcanic rocks. The presence of a
significant and pervasive quartz-sericite-pyrite (QSP) alteration style
suggests a possible epithermal system. Several mineralized zones (from
1.00 metre to 29.30 metres width) with variable gold grades (from 0.15 to
4.84 g/t Au) were recorded in drilling of this target, mainly in drill holes
ABD-027-08 and ABD-031A/B. The Company is analyzing the entire data set from
the Sierra Delta target in order to decide the future strategy for this
target.

    
    Table 1. Agua Branca Final Drill Program Assay Summary

    ABD-023-07 - Heaven West Target (inclination: -50 degrees, azimuth:
    110 degrees, length: 110.10 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                                                   Negative
                  ------------------------------------------


    ABD-024-07 - Heaven West Target (inclination: -50 degrees, azimuth:
    110 degrees, length: 115.10 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                                                   Negative
                  ------------------------------------------

    ABD-025-08 - Heaven West Target (inclination: -50 degrees, azimuth:
    110 degrees, length: 110.55 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                                                   Negative
                  ------------------------------------------

    ABD-026-08 - Heaven West Target (inclination: -50 degrees, azimuth:
    100 degrees, length: 112.50 metres)

                 ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                    70.00      75.60       5.60        1.69
                 ------------------------------------------

    ABD-027-08 - Sierra Delta Target (inclination: -50 degrees, azimuth:
    270 degrees, length: 110.00 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                     0.00       4.89       4.89        0.29
                  ------------------------------------------
                    12.00      17.00       5.00        0.52
                  ------------------------------------------
                    17.00      18.00       1.00        1.34
                  ------------------------------------------
                    18.00      29.95      11.95        0.31
                  ------------------------------------------
                    41.00      57.03      16.03        0.21
                  ------------------------------------------
                    63.05      65.69       2.64        0.29
                  ------------------------------------------
                    66.61      67.54       0.93        1.06
                  ------------------------------------------
                    67.54      73.27       5.73        0.60
                  ------------------------------------------
                    81.00      92.00      11.00        0.19
                  ------------------------------------------
                   104.36     106.10       1.74        0.21
                  ------------------------------------------
                   106.98     108.00       1.02        1.05
                  ------------------------------------------
                   108.00     109.00       1.00        0.22
                  ------------------------------------------

    ABD-028-08 - Sierra Delta Target (inclination: -50 degrees, azimuth:
    270 degrees, length: 110.80 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                     7.55       8.55       1.00        4.00
                  ------------------------------------------
                    83.11      83.72       0.61        1.38
                  ------------------------------------------
                    96.85      97.85       1.00        0.34
                  ------------------------------------------
                    99.85     104.89       5.04        0.24
                  ------------------------------------------
                   106.89     110.80       3.91        0.26
                  ------------------------------------------

    ABD-029C-08 - Sierra Delta Target (inclination: -50 degrees, azimuth:
    270 degrees, length: 112.10 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                    11.67      12.64       0.97        4.84
                  ------------------------------------------
                    25.24      33.16       7.92        0.39
                  ------------------------------------------
                    63.42      64.52       1.10        2.56
                  ------------------------------------------
                    67.52      81.67      14.15        0.19
                  ------------------------------------------
                    86.80      89.68       2.88        1.77
                  ------------------------------------------

    ABD-030-08 - Sierra Delta Target (inclination: -50 degrees, azimuth:
    270 degrees, length: 112.20 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                     0.00       9.36       9.36        0.17
                  ------------------------------------------
                    29.77      30.87       1.10        0.94
                  ------------------------------------------
                    84.42      94.52      10.10        0.27
                  ------------------------------------------
                   102.59     112.20       9.61        0.31
                  ------------------------------------------

    ABD-031A-08 & ABD-031B (together ABD-031-08) - Sierra Delta Target
    (inclination: -50 degrees, azimuth: 270 degrees, length: 112.00 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                     0.00      29.30      29.30        0.15
                  ------------------------------------------
                    44.90      46.98       2.08        0.24
                  ------------------------------------------
                    57.40      59.48       2.08        0.74
                  ------------------------------------------
                    59.48      61.40       1.92        1.30
                  ------------------------------------------
                    61.40      63.28       1.88        0.25
                  ------------------------------------------
                    69.34      82.47      13.13        0.52
                  ------------------------------------------

    ABD-032-08 - Sierra Delta Target (inclination: -50 degrees, azimuth:
    270 degrees, length: 80.60 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                    34.13      35.13       1.00        0.37
                  ------------------------------------------

    ABD-033-08 - Sierra Delta Target (inclination: -50 degrees, azimuth:
    290 degrees, length: 80.00 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                    10.72      11.64       0.92        1.09
                  ------------------------------------------
                    15.32      16.24       0.92        0.40
                  ------------------------------------------
                    31.00      32.00       1.00        2.14
                  ------------------------------------------

    ABD-034-08 - Sierra Delta Target (inclination: -50 degrees, azimuth:
    310 degrees, length: 110.10 metres)

                  ------------------------------------------
                    From        To      Width(*)    Au(*)(*)
                  (metres)   (metres)   (metres)     (g/t)
                  ------------------------------------------
                    50.30      56.47       6.17        0.44
                  ------------------------------------------
                    56.47      59.46       2.99        4.12
                  ------------------------------------------
                    65.32      73.09       7.77        0.19
                  ------------------------------------------
                  (*) widths are drill intersected and do not represent true
                      widths which cannot be determined in all drill holes at
                      this preliminary drilling stage
                  (*)(*) Au grades are uncut
    

    Sao Jorge Gold Project

    As previously reported, the Company has commissioned an independent
consulting firm to undertake an updated NI-43-101 mineral resource estimate
for the Wilton Zone at the Sao Jorge Gold Project. The Company expects to have
the updated mineral resource estimate in Q3 2008.

    Quality Assurance/Quality Control and Qualified Person

    The drill holes reported in this release were collared using HQ
(63.5mm)-sized core in the oxidized saprolite zone and NQ (47.6mm)-sized core
in the fresh (sulphide) bedrock. The core is logged and photographed by Talon
staff and then split using a diamond saw. Half the core is stored on-site in a
secure core shed and the other half is sampled, bagged, secured, and stored
on-site until several holes are ready for transporting by road to SGS-Geosol
Laboratorio Ltda's ("SGS") sample-preparation laboratory in Itaituba, Brazil.
The entire half-core is crushed and two kilograms is pulverized and
homogenized. 150 gram pulps are then air-freighted by SGS to their main assay
laboratory in Belo Horizonte, Minas Gerais State, Brazil. SGS is ISO14001 and
ISO 9001:2000 accredited and is independent of Talon.
    Gold is determined by fire assay/atomic absorption with a detection limit
of 5ppb Au using 50 gram aliquots. Lead fire assays use silver as a
co-collector to facilitate easier handling of prills as well as to minimize
losses during the cupellation process. Selected samples will later be analyzed
for other elements such as silver, copper, lead, zinc, etc. by ICP
spectrometry/multi-acid digestion. The laboratory is instructed to
automatically reanalyze abnormally high gold values. Quality assurance/quality
control procedures include the submission by Talon of systematic duplicates,
blanks and standard samples within the sample batches submitted to SGS. In
addition, SGS inserts its own standards into each sample batch. The results
from these control samples indicate acceptable consistency of analysis.
Selected representative pulverized sample duplicates are submitted for referee
analyses to ALS Chemex's laboratory in Vancouver, an ISO 9001:2000 and
ISO 17025 accredited laboratory which is independent of Talon.
    Talon's exploration programs are being managed by Talon's VP Exploration,
Mr. Paulo Ilidio de Brito (Member: AusIMM), who is a qualified person within
the meaning of National Instrument 43-101. Mr. Ilidio de Brito, who is
responsible for the technical material in this news release, has verified the
data disclosed in this news release, including the sampling, analytical and
test data underlying the information. Geological logging, sampling and core
handling procedures were carried out under the supervision of Mr. Ilidio.

    About Talon

    Talon is a TSX-listed company focused on the acquisition, exploration and
advancement of high quality mineral resource projects. 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$13 million.

    Forward-Looking Statements

    This press 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 (including, without limitation, statements
regarding the Company's exploration plans and objectives with respect to Agua
Branca, exploration results and potential mineralization) 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. Forward-looking statements are subject to a number of risks and
uncertainties that may cause the actual results of the Company 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, among other things, changes in
gold prices, changes in equity markets, the possibility that future
exploration results will not be consistent with the Company's expectations,
political developments in Brazil, changes to regulations affecting the
Company's activities, delays in obtaining or failures to obtain required
regulatory approvals, uncertainties relating to the availability and costs of
financing needed in the future, the uncertainties involved in interpreting
drilling results and other geological data, and the other risks involved in
the gold exploration and development industry. 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.

    
    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/
    

    %SEDAR: 00008215E




For further information:

For further information: on Talon and its projects visit the Company's
website at www.talonmetals.com or contact: Erica Belling, CFA, P.Eng., VP
Investor Relations, Tau Capital Corp., Tel: (416) 361-9636 x 243, Email:
ebelling@taucapital.com

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