Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Talisman Mining is targeting five gold targets in a new round of drilling at its project in New South Wales
  • A series of high-grade gold-in-soil areas will be explored over 2600 metres of drilling
  • It is possible, results permitting, that Talisman can extend its drilling campaign by an additional 8000 metres
  • Talisman’s share price is up 4.76 per cent today, currently sitting at 11 cents per share

Talisman Mining is set to begin drilling at its copper-gold project in New South Wales by the end of the month.

The company advised the market it has appointed a drilling contractor and the drill rig is mobilised and ready at the Lachlan project.

A 2600 metre reverse circulation drilling program will target five prospective holes. In particular, at the Harding’s prospect, a large high-grade gold-in-soil anomaly has been identified.

Additionally, at the Melrose prospect twin parallel high-grade gold targets has been identified which will be explored through the drill campaign.

On top of this, prospective gold targets have been found at the Kaolin Shaft, Brooklyn and Blind Calf prospects.

According to Talisman, depending on results from the drilling campaign it may be eligible for an extension. If the NSW Department of Planning and Energy approves, the company can add another 8000 metres.

In the region the Lachlan project is located, up to 20 million tonnes of copper, 100 million ounces of gold and 1.1 billion ounces of silver have been produced or are residing in ore reserves.

Talisman’s share price is up 4.76 per cent today, currently sitting at 11 cents per share.

TLM by the numbers
More From The Market Herald
Caeneus Minerals (ASX:CAD) - CEO, Robert Mosig

" Caeneus Minerals (ASX:CAD) updates market on Roberts Hill assays

Caeneus Minerals (CAD) has updated the market regarding the assay results from the Roberts Hill Project.
West African Resources (ASX:WAF) - Executive Chairman, Richard Hyde

" West African Resources (ASX:WAF) receives firm commitments for $126m placement

West African Resources (WAF) has received firm commitments to raise $126 million.
Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts

" Predictive Discovery (ASX:PDI) uncovers new gold prospects at Bankan

Predictive Discovery (PDI) has identified new gold prospects at the Bankan Gold Project in Guinea.
Raiden Resources (ASX:RDN) - Managing Director, Dusko Ljubojevic

" Raiden Resources (ASX:RDN) embarks on exploration in Eastern Europe

Raiden Resources (RDN) is continuing to progress its exploration strategy across the Western Tethyan portfolio of assets in Eastern Europe.