Talon Resources plc (AIM: TAR), the North American gold exploration company, has announced a significant assay result from its maiden drill programme at the Eagle Lake Gold Project in Ontario, Canada. Hole EG-26-07 at Cedar Trench has intersected 126.8 metres at 0.81 g/t gold, including 94.5 metres at 1.00 g/t gold and a previously reported high-grade interval of 8.75 metres at 5.05 g/t gold. The result, which carries a grade-thickness of approximately 103 gram-metres, substantially extends mineralisation first reported on 29 October 2026, and positions Cedar Trench as the priority target for the next phase of drilling, currently anticipated in Spring 2027.

Key Points

  • Talon Resources plc (AIM: TAR) is an AIM-quoted gold exploration company focused on North America
  • Hole EG-26-07 at Cedar Trench intersected 126.83m at 0.81 g/t Au, including 94.5m at 1.00 g/t Au, from just 4.17m downhole to the end of the hole at 131m
  • Grade-thickness of approximately 103 gram-metres recorded; two further holes at Cedar Trench, EG-26-08 and EG-26-09, still awaiting assay results
  • Investors should watch for outstanding Cedar Trench assays and updated drill targets from MINML's machine learning model ahead of Spring 2027 drilling

EG-26-07 at Cedar Trench Delivers Strongest Result of Talon's Maiden Eagle Lake Programme

The 12 November 2026 announcement confirms that hole EG-26-07 at Cedar Trench is the standout result from Talon's maiden 12-hole, 1,169-metre drill programme at Eagle Lake. Mineralisation begins at just 4.17 metres downhole in fresh rock and continues to the end of the hole at 131 metres, indicating the system remains open at depth. Within the 126.83-metre interval, a high-grade core of 8.75 metres at 5.05 g/t gold was recorded, including narrower intervals of 0.93 metres at 15.10 g/t gold and 1.25 metres at 17.08 g/t gold, demonstrating meaningful grade variation across the intersection.

MINML Machine Learning Platform Ranked Cedar Trench Highest Before Drilling Began

Cedar Trench was identified as the top-priority target by MINML's PRISM machine learning prospectivity platform prior to the commencement of drilling, and the announcement states the results have justified that ranking. Talon holds a 90% interest in Eagle Lake, which sits within Ontario's Wabigoon Subprovince and features approximately 7 kilometres of prospective strike length, much of which remains largely untested. The company intends to incorporate all assay and geological data into MINML's targeting model to refine the focus and design of follow-up drilling, currently planned for Spring 2027.

Assays Pending from Two Further Cedar Trench Holes as Eagle Lake Strike Remains Open

Assay results have been received from 10 of the 12 holes drilled during the maiden programme. Results from holes EG-26-08 and EG-26-09, both located at Cedar Trench, remain outstanding and are expected in the coming weeks. The announcement also notes gold mineralisation at other Eagle Lake prospects, including a 1.00-metre interval at 25.30 g/t gold in hole EG-26-04 at East Fornieri Bay, though Cedar Trench has delivered the most significant results to date. All reported lengths are core lengths and true widths are currently unknown, which is a standard consideration at this stage of exploration.

Early-Stage Exploration Risk Remains as Talon Plans Spring 2027 Follow-Up Drilling

Investors should note that Eagle Lake remains an early-stage exploration project and that the maiden programme constitutes scout-level drilling across selected targets. Most results reported are preliminary, pending final laboratory certificates, and true widths of mineralised intervals have not yet been determined. The technical information in the announcement has been reviewed and approved by Douglas Murray, P.Geo., Senior Geologist at Critical Discoveries Ltd., the qualified person as defined under the AIM Note for Mining, Oil and Gas Companies. The scope and timing of future drilling programmes will depend on the integration of outstanding assay data into MINML's prospectivity model.