BVI-registered Talon Metals publishes updated estimate for the Sao Jorge Project

Talon Metals Corporation, mineral exploration company registered in the British Virgin Islands, which recently announced its financial results for the three month and six month periods of this year, now has reported the updated mineral resource estimate for its 100% owned Sao Jorge Gold Project, located in Brazil.

The global mineral resource estimate for the project is 79% higher than from the previously reported results, completed in September 2006 – at 343.000 troy ounces of gold from the previously reported 191,000 troy ounces. Furthermore, an additional 458,000 troy ounces is reported in the inferred category.

Three drilling campaigns were carried out at Sao Jorge, with a total of 22,761.26 metres in 110 drill holes. The resulting interpretation identified a series of mineralised zones (denominated as low and high grade domains).

Mr. Stuart Comline, President and CEO of Talon Metals, said in his comments that the increase in the gold price since the last resource estimate in 2006 and the results of the additional work completed since then warranted a re-assessment of the resources.

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