Talisman tallies maiden drill results

THE DRILL SERGEANT: Talisman Mining has received results from a maiden RC drilling program recently completed at its newly acquired Muddawerrie gold project, located approximately 120 kilometres west of its Springfield VMS copper-gold project in Western Australia.

Talisman acquired the Muddawerrie project earlier this year along with another WA gold project, Livingstone.

The gold exploration program at Muddawerrie is part of Talisman’s strategy of expanding and diversifying its Bryah Basin exploration portfolio.

This portfolio includes the Springfield project, which is situated adjacent to Sandfire Resources’ DeGrussa project.

 

Source: Company announcement

“The Muddawerrie project includes the Mount Maitland Trend, which extends for six kilometres along the western side of the project area,” Talisman Mining said inits announcement to the ASX.

“The trend is characterised by highly anomalous gold-copper geochemistry in highly sheared mafic volcanic rocks coincident with a number of old gold workings.”

Talisman wrapped up a Reverse Circulation (RC) drilling program at Muddawerrie last month with 19 holes drilled for a total of 1,860m.

The drilling tested a series of high priority prospects along two mineralised shear zones that have been subjected to cursory amounts of historic exploration and shallow drilling.

RC drilling at the Mt Maitland South prospect intersected near-surface gold mineralisation with better intercepts including:

–    12 metres at 1.58 grams per tonne gold from 8 metres, including 2 metres at 6.35 grams per tonne gold from 14 metres;

–    12m at 0.47 g/t gold from 44m; and

–    20m at 0.43 g/t gold from 142m.

Other recently completed RC drill holes were drilled to test the Lenanphyl prospect along the Muddawerrie Trend.

“This drilling indicates that the mineralised iron formation at Lenanphyl dips steeply to the east rather than to the west as previously interpreted and was therefore not adequately tested by this maiden drill program,” the company explained.

“This area remains a highly prospective target for future drilling.”

Talisman said it considers these early first-pass drilling results to be encouraging enough for it to carry out further follow-up drilling.

The company is currently preparing follow-up exploration activities for the 2012 field season.