THE DRILL SERGEANT: Talisman Mining (ASX: TLM) has commenced it third RC drilling program at the Blind Calf prospect in the company’s Lachlan copper-gold project in New South Wales.
Talisman Mining is close to completing preliminary site works to enable commencement of RC drilling to consist of an estimated 4,000 metres of drilling in 19 holes across three target areas, including down plunge extensions and DHEM conductors at Blind Calf as well as a number of parallel lodes to the north west, south and south east of the Blind Calf-Dunbars system.
Assay results from a soil and auger geochemical sampling campaign earlier this year have identified a new strong goldin-soil anomaly at the Melrose prospect within the wider Blind Calf region.
Talisman has planning underway for a submission of an initial Stage 2 targeted RC drill program at the Melrose prospect to the NSW Department of Planning and Energy for drill testing later in the 2019 calendar year.
XRF and assay results from the recent soil and geochemical sampling programs in the Blind Calf region also identified several anomalies for follow up work, including the Blind Calf Au prospect, presenting a strong gold-in-soil anomaly that extends for over one kilometre along strike.
“The Blind Calf Au prospect gold anomaly is closely associated with a geophysical feature characterised by a flexure in a regional magnetic trend,” Talisman Mining explained it is ASX announcement.
“Detailed mapping at Blind Calf has shown a similar flexure associated with strong alteration in the vicinity of the high-grade copper lodes.
“Site validation of the large gold anomaly has identified a similar system to that at Blind Calf, with a north south trending shear zone with associated shear veins dipping steeply to the west, hosted within Ordovician sediments close to the contact with Devonian volcanics.”
The company has also commenced planning for an initial program of Stage 2 targeted RC drilling at this new high-priority target area with programs anticipated to be submitted shortly for NSW DPE approval.
“The identification of these new geochemical anomalies from the first areas covered by the regional sampling campaign, validates Talismans strategy of systematic exploration based on proven geological principals and provides high priority targets for RC drill testing currently in the planning phase,” the company continued.
Talisman signalled it was continuing the extensive soil and auger geochemical sampling campaign.
It has two teams on site systematically collecting samples across multiple Stage 1 and Stage 2 target areas.
Sampling is approximately 60 per cent completed and it is anticipated that the remaining sampling programs will also generate further targets for future RC and/or diamond drill testing.