Join our daily newsletter At The Bell to receive exclusive market insights
Talisman Mining Ltd (ASX:TLM) has identified a second significant zone of copper and gold through drilling work at its Dunnings Prospect in central New South Wales.
Dunnings – which is part of Talisman’s Lachland project – was undergoing a phase of Stage 2 follow-up drilling, focusing on both its southern and northern sections, and diamond drilling at the latter has picked up a significant new zone suggesting a new greenfields base and precious metals discovery.
One hole at Northern Dunnings – DRDD0023 – yielded intercepts reflecting a second high-grade gold and copper mineralised zone, including 4 metres at 12.6 grams per tonne (g/t) of gold, 11.4g/t silver, 0.5 percent copper, 0.4 percent lead, 0.6 percent zinc, from 90 metres, including: 1 metre at 44.4g/t gold, 29.0g/t silver, 1.1 percent copper, 0.5 percent lead, 0.6 percent zinc.
Crucially, this was in an area 400 metres north-east of previously reported copper, gold and base metal intercepts in two other holes, with these results reported in April.
Additionally, follow-up drilling at Southern Dunnings also intersected broad zones of mineralisation, albeit low-grade, with some high-grade zones.
Talisman managing director Andrew Munckton said the drilling work had identified an important discovery for the company.
“Our Stage 2 drilling program at Durnings is continuing to deliver excellent results, with the discovery of a second high-grade zone of mineralisation in the northern part of the prospect area providing further evidence that we have a new greenfields discovery on our hands,” he said.
““Importantly, the new copper-gold and base metal results in DRDD0023 are located 400 metres away from the original discovery hole DRRCD0006 and the spectacular intercepts in DRRCD0019.
“DHEM surveys from this area have outlined a number of conductor plates of varying strength that are associated with known high-grade zones and give us confidence in the potential to extend this high-value mineralisation with further drilling.”
Talisman has been trading at 28.5 cents.
