Drilling Commences at Eagle Lake
3 September 2026
Talon Resources plc
("Talon" or the "Company")
Drilling Commences at Eagle Lake
First hole underway at East Fornieri Bay as programme begins
Talon Resources plc (AIM: TAR), the North American gold exploration company, is pleased to announce that its maiden diamond drilling campaign has commenced at the Eagle Lake gold project in Ontario, Canada ("Eagle Lake" or the "Project").
The first hole is being drilled at East Fornieri Bay, the programme's highest-priority target, where Phase 1 channel sampling returned 4.80m @ 4.47 g/t Au including 1.0m @ 19.10 g/t Au and 1.85m @ 7.17 g/t Au including 0.50m @ 24.40 g/t Au (RNS: 22 July 2026).
The maiden programme comprises 11 diamond drill holes totalling 1,375m across five pads at four target areas: East Fornieri Bay, West Fornieri Bay, Cedar Trench and Moss Knoll. The programme is fully funded and is being managed by Critical Discoveries Corp., with Rodren Drilling Ltd. as drilling contractor.
Assay results are expected following programme completion and will be reported in batches as they are received.
Alex King, Chief Executive Officer, commented: "We are delighted to have the drill turning at Eagle Lake ahead of schedule. This is a fully funded programme, targeting some of the strongest gold prospects recognised in this part of the Wabigoon Subprovince, identified through our own exploration work and MINML's proprietary PRISM machine learning platform, which has been used to refine target selection and optimise drill hole placement. We believe the programme provides an important opportunity to test these targets and potentially advance our understanding of the Project's gold potential.
"MINML's work has demonstrated that 10 of the 16 cells covering the licence fall in the top one percent nationally for gold, placing Eagle Lake ahead of 62% of Canada's 242 past and present gold producers, which were scored on the same basis. The objective of this programme is to provide further physical support of this high-grade gold mineralisation, and we look forward to presenting our results over the remaining weeks of Q3 and into Q4 2026."
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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