Talisman Mining (ASX:TLM) - Managing Director, Dan Madden - The Market Herald
Managing Director, Dan Madden
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  • Talisman Mining (TLM) has intersected narrow copper mineralisation from diamond drilling at the Blind Calf-Dunbars System
  • This system lies within the Lachlan Copper-Gold Project in New South Wales
  • These results confirm mineralisation at Blind Calf is persistent and remains open at depth
  • As a result, Talisman will conduct further mapping and analysis to highlights future drill targets
  • Additionally, the company has received approval to conduct a two-hole drilling program at its Lucknow Gold Project to target high-grade gold mineralisation
  • This program was meant to start in April but COVID-19 caused delays
  • Talisman is down 11.8 per cent, with shares trading for 7.5 cents each

Talisman Mining (TLM) has received positive assay results from diamond drilling at the Blind Calf-Dunbars System within the Lachlan Copper-Gold Project.

Blind Calf-Dunbars System

Selective samples were collected from three of the four holes drilled, with one hole (BCDD002) unsampled as it was abandoned prior to reaching target depth.

Initial observations highlighted a highly complex deformed rock package with various styles of sulphide zones.

These sulphide zones returned anomalous assay results with the better grades from the brecciated semi-massive sulphide zones in BCDD003. This hole returned 0.6 metres at 5.81 per cent copper from 165 metres within a broader zone of 1.75 metres at 2.52 per cent copper from 165 metres downhole.

BCDD001 returned an intersection of 0.6 metres at 1.9 per cent copper from 243 metres, along with a number of similar intersections throughout the hole which contain interpreted disseminated and stringer sulphides. These results confirm a narrow mineralised copper system is persistent and remains open at depth.

Previous reverse circulation (RC) drilling at Blind Calf identified a zone of high-grade copper mineralisation within the main lode system.

These results include; seven metres 5.68 per cent copper from 98 metres, 13 metres at 5.71 per cent copper from 129 metres, and 11 metres at 4.78 per cent copper from 127 metres.

Talisman will conduct an RC drill program of roughly 650 metres to test downhole electromagnetic (DHEM) conductors identified across the Blind Calf region.

Previously conducted DHEM surveys identified five new DHEM conductive anomalies at five separate potential lodes which are untested and require additional drilling.

Mapping studies at Blind Calf-Dunbar have shown the copper mineralisation is associated with a distinct metal pattern, with elevated nickel and cobalt identified up to 40 metres from the copper mineralisation. Additionally, it has shown elevated antimony, bismuth, arsenic and silver nearby the copper mineralisation.

These outcomes have been highly encouraging and have provided some clear vectoring tools for higher-grade mineralisation within the system.

The company will undertake further spectral work to build a three-dimensional alteration and chemical model. Talisman will also conduct follow-up work such as mapping to highlight additional copper lodes, drill core analysis and a review of geological results.

Lucknow Gold Project

Talisman has received approval from the New South Wales Department of Planning, Industry and Environment to conduct diamond drilling of interpreted extensions to the high-grade Lucknow Gold Mine.

Drilling was meant to begin in April, immediately after diamond drilling at Blind Calf was completed, however COVID-19 restrictions forced the program to be delayed.

Talisman will drill two holes to target the interpreted fault offset extensions of the high-grade Lucknow Project gold mineralisation.

Talisman is down 11.8 per cent, with shares trading for 7.5 cents each at 2:43 pm AEST.

TLM by the numbers
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