The limited reconnaissance program was designed to provide further information on this extensive gold target, which is defined by a large magnetic anomaly, extensive surface geochemical sampling and a north-west trending magnetic lineament.
The 2-hole RC program was targeted along strike to the south and south-west (500-600m) from ore grade mineralisation intersected in previous and historical drilling to provide further information on the potential scale of the exploration opportunity at Cumbine.
One metre sample intervals were submitted to ALS Global laboratories in Orange NSW for gold analysis using fire assay and all assays have now been received.
The drilling intersected fine grained volcaniclastic and medium grained felsic volcanic lithologies as well as significant gold mineralisation in hole CURC006. The gold mineralisation is hosted predominantly within a medium grained felsic volcanic lithology and has a strong association with quartz veining, pyrite and sericite alteration.
The drilling also intersected low-level gold mineralisation in hole CURC0005 which is interpreted to be the up-dip extension of the mineralisation intersected in hole CURC0006. The interval in CURC0005 assayed 6 metres at 0.12 g/t Au from 81 metres.
These results are highly encouraging and have extended the footprint of known gold mineralisation in the area. The results also support the interpretation of a north-west trending structure that has the potential to host additional gold mineralisation.
Ongoing exploration within the prospect area will focus on in-fill soil sampling and mapping over the coming months with the objective of better understanding the controls on gold mineralisation and providing targets for future drilling.
Babinda Copper Prospect (EL8658 - TLM 51%)
As previously announced to the ASX5 , Talisman conducted a ground electromagnetic (EM) survey over the Babinda copper prospect. This EM survey has now been completed and the data has been processed and interpreted by
The survey did not detect any conductors that could be attributed to a massive sulphide body. The prospect is considered to have the potential to host copper mineralisation however further geological interpretation and review will be undertaken to assess future exploration activities for the prospect in the short term.
Blind Calf Copper Prospect
RC drilling at the Blind Calf Copper Prospect is well advanced and expected to be completed within the next week. An update on this drilling and expected timeframe for assay results will be provided in due course.
Contact:
Tel: +61 8 9380 4230
About
Talisman has secured tenements in the Cobar/Mineral Hill region in Central NSW through the grant of its own Exploration Licenses and through separate farm-in and joint venture agreements. The Cobar/Mineral Hill region is a richly mineralised district that hosts several base and precious metal mines including the CSA, Tritton, and Hera/ Nymagee mines. This region contains highly prospective geology that has produced many long-life, high-grade mineral discoveries. Talisman has identified a number of areas within its
Talisman has also entered into a joint venture with privately-owned
Forward-Looking Statements
This ASX release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on
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