Talisman Mining Ltd (ASX: TLM, Talisman) is pleased to advise that it is about to embark on a new phase of exploration designed to test several highly prospective gold and copper targets at its Lachlan Copper-Gold Project (Lachlan Project) in the Cobar Basin of NSW.
The new phase of exploration follows the completion of a detailed review of exploration and new discovery opportunities within the Lachlan Project by Talisman's geology team.
It will include programs of reverse circulation (RC) drilling at the Cumbine Gold and Blind Calf Copper prospects during the current quarter, as well as a surface electromagnetic (EM) survey to be undertaken over the Babinda copper anomaly, which Talisman identified during a previous soil sampling programme.
Talisman's >2,500km2 Lachlan Project comprises a dominant position across the Northern Cobar Basin and includes numerous prospects located along the Canbelego-Mineral Hill Volcanic Belt, which hosts the high-grade Mt Boppy gold deposit and the Mineral Hill gold and base metal deposit.
The Cobar Basin is a well-established mining district with several large gold and base metal mines including Aurelia Metal's Peak and Hera Mines, Glencore's CSA Mine and CBH's Endeavour Mine. The area also hosts Aurelia Metal's recent Federation polymetallic discovery and Peel Mining's Mallee Bull, Wagga Tank and Southern Nights discoveries.
Talisman's exploration strategy at the Lachlan Project is focused on an extensive strike extent along the Gilmore Suture, a large-scale regional geological structure which, like the Rookery Fault Zone, is critical to the formation of mineral deposits in the Cobar Super Basin.
Proximity to the margins of these major basin faults as well as deep seated regional basement lineament structures and zones of high strain (e.g. the eastern Cobar Basin margin) are an important factor for mineral deposit formation and are considered to be priority target areas for exploration.
The Mineral Hill and Mt Boppy deposits within the Canbelego-Mineral Hill Volcanic Belt occur in the hanging wall of the Gilmore Suture. Major basement lineaments within the region also show a strong control on mineralisation with numerous deposits occurring at the intersections of these lineaments with major structures. Talisman's existing tenement package straddles this highly prospective area along the Gilmore Suture.
Contact:
Shaun Vokes
Tel: +61 8 9380 4230
About Talisman Mining
Talisman Mining Limited (ASX:TLM) is an Australian mineral development and exploration company. The Company's aim is to maximise shareholder value through exploration, discovery and development of complementary opportunities in base and precious metals. 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 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 Lachlan Cu-Au Project tenements that show evidence of base and precious metals endowment which have had very little modern systematic exploration completed to date. Talisman believes there is significant potential for the discovery of substantial base metals and gold mineralisation within this land package and is undertaking active exploration to test a number of these targets.
Talisman has also entered into a farm-in with privately-owned Lucknow Gold Limited in relation to the Lucknow Gold Project (EL6455) in New South Wales. The Lucknow Goldfield was discovered in 1851 and was one of the earliest goldfields to be mined commercially in Australia. Historic production records at the Project are incomplete, however in excess of 400,000 ounces of gold has reportedly been produced at grades of 100 to 200 g/t gold10.Very little modern exploration has been completed outside of the existing mine workings and Talisman intends to undertake a program of geochemical surface sampling and mapping at the Project ahead of a drilling program to test for potential down plunge extensions of the high-grade gold ore shoots and repeat structures throughout the Project area.
Forward-Looking Statements
This ASX release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Talisman Mining Ltd.'s current expectations, estimates and assumptions about the industry in which Talisman Mining Ltd operates, and beliefs and assumptions regarding Talisman Mining Ltd.'s future performance. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'potential' and similar expressions are intended to identify forwardlooking statements. Forward-looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Talisman Mining Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Talisman Mining Ltd does not undertake any obligation to update or revise any information or any of the forward looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward looking statement is based.
TALISMAN MINING LIMITED 
