Sandfire confirms copper on Talisman’s Monty

THE DRILL SERGEANT: Sandfire Resources (ASX: SFR) announced further results from drilling being carried out at the Springfield project, part of its joint venture with Talisman Mining (ASX: TLM).

Sandfire said the results from drill hole TLDD0004A – or the Monty prospect, as Talisman call it – confirm the intersection of a zone of high-grade copper-gold mineralisation approximately 10km east of Sandfire’s 100 per cent-owned DeGrussa copper-gold mine.

The drilling returned final assays of a massive sulphide intercept of:

16.5 metres grading 18.9 per cent copper and 2.1 grams per tonne gold from 409.5m to 426m down-hole (not true width, from 365m below surface vertical depth).

“This is the first significant intersection of high-grade copper-gold mineralisation to be discovered outside of the known lenses of VMS mineralisation at DeGrussa,” Sandfire and Talisman both declared in their simultaneous announcements.

“Additionally, the massive sulphide mineralisation intersected in TLDD0004A is similar to that seen in the DeGrussa, Conductor 1, 4 and 5 VMS lenses and occurs within a host sequence that bears many similarities to that which hosts the massive sulphide mineralisation at DeGrussa.”

Although TLDD0004A is still in progress and is currently at a depth of 745metres down-hole, Sandfire indicated a follow-up hole, TLDD0005, is already expected to be collared to intersect the target horizon approximately 80m south-west of the intersection in TLDD0004A.

Sandfire has the right to earn up to 70 per cent interest in Talisman’s Doolgunna project – including Springfield – by spending $15 million on exploration.

Email: info@sandfire.com.au

Website: www.sandfire.com.au