- Talisman Mining (TLM) begins drilling the first of four copper-gold targets within its Lachlan Copper-Gold Project in New South Wales
- Drilling at the Kaolin Shaft Gold Prospect is part of TLM’s multi-pronged exploration program and will test an extensive gold-in-soil and zinc-in-soil target
- Government approvals for all four targets have been received, enabling drilling to move sequentially across the prospects
- In parallel to the drilling program, the company has begun regional geophysical surveys across the Cobar Superbasin with preliminary data expected in the coming weeks
- Shares have been trading 6.06 per cent higher at 17.5 cents at market close
Talisman Mining (TLM) has begun drilling the first of four copper-gold targets within its Lachlan Copper-Gold Project in New South Wales.
Drilling at the Kaolin Shaft Gold Prospect is part of the company’s extensive, multi-pronged exploration program and has been designed to test an extensive gold-in-soil and zinc-in-soil target.
Upon completion of drilling at Kaolin, work is scheduled to continue across the Murray’s Mine gold, Carpina North gold and Babinda copper prospects to test highly prospective anomalies.
Talisman has reportedly received all necessary Government approvals for the four prospect areas, with planning for drill pad construction underway, which should enable drilling to move sequentially across the prospects.
In parallel to the drilling program, the company has begun regional geophysical surveys targeted at the prospectivity vectors of recent discoveries in the Cobar Superbasin.
Preliminary data from the surveys is expected to be received on a progressive basis over the coming weeks, with interpretation and analysis ongoing throughout the first half of 2022.
With the company’s 2022 exploration activities now in full swing, CEO Shaun Vokes said drilling of the first four priority gold and copper targets is the beginning of what is expected to be a full exploration program for the year, and Talisman anticipates some “exciting” results.
“We are also looking forward to the ongoing flow of data from our geophysics programs with subsequent analysis expected to provide us with additional drill targets,” he said.
Shares were trading 6.06 per cent higher at 17.5 cents at market close.