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Talisman Mining (ASX:TLM) is testing a six-kilometre-long trend with a maiden aircore drilling program at the East Peak Hill prospect in New South Wales. The 5,000-metre aircore campaign is assessing prospective targets adjacent to the 1.36 million ounce Peak Hill and Tomingley gold districts.
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This February program is following up on a CY25 auger drilling and soil geochemical campaign, which revealed anomalous pathfinder minerals with a similar geochemical signature to Tomingley operations mineralisation.
MD, Andrew Munckton, said the AC drilling will examine a range of targets, including the north-south-oriented edges of an interpreted andesitic intrusion.
“These intrusions and their sheared and faulted contacts with the surrounding rocks provide the host to a number of significant gold deposits at the nearby Tomingley gold mine, operated by Alkane Resources,” he told shareholders.
Mr Munckton continued: “These broad 400-metre and 800-metre spaced lines of AC drilling will provide a regional-scale test of the target.”
“Previous auger drilling by Talisman was partially successful at penetrating the barren cover that conceals the deposits of the area.
“Where the Auger drilling was successful, anomalous pathfinder minerals have been recorded, giving us confidence that we are in the right environment for the style of orogenic gold mineralisation that we are targeting,” he added.
Mr Munckton also pointed out that East Peak Hill has yet to be systematically tested by drilling. “Success in this AC program would provide a strong indicator of the prospectivity of this extensive 10km-long target corridor.”
The aircore program will be completed in two parts; access approval has only been granted to date for approximately 60% of the target stratigraphy. The East Peak Hill program is scheduled to take up to five weeks, with assays expected a further two to four weeks following the completion of drilling.
TLM is trading at 10cps after dipping -6% this morning.
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