- Talisman Mining (TLM) is set to start a “major” drilling program at its Lachlan copper-gold project in New South Wales
- TLM’s plans include 10,000 metres of drilling across 12 conductivity and gravity anomalies
- Reverse circulation drilling will begin at the Bonzer target in the Kaolin Shaft prospect area
- Talisman says its 2023 drilling program could be “the beginning of an exciting and potential transformational period for the company”
- TLM shares are up 3.03 per cent and trading at 17 cents at 11:30 am AEDT
Talisman Mining (TLM) is set to kick off its “largest” New South Wales drill program to date at its wholly-owned Lachlan copper-gold project.
The company announced its plans on November 16, 2022, with 10,000 metres of drilling planned across 12 conductivity and gravity anomalies.
Reverse circulation (RC) drilling will start at the Bonzer target in the Kaolin Shaft prospect area, testing a conductive plate identified from airborne electromagnetic (AEM) surveys. Talisman has called on local drilling contractor Resolution Drilling for the current program.
An additional 11 targets will be tested across five exploration licences in Talisman’s Central Lachlan copper-gold project.
The drilling will test a number of highly prospective conductive and gravity high anomalies identified from the regional-scale VTEM Max AEM and FALCON airborne gravity gradiometry geophysical surveys conducted across the project as part of TLM’s 2022 exploration programs.
“The team has done a fantastic job of working up a compelling pipeline of drill-ready, highly prospective gold and base metals targets that we will systematically test over the coming months,” Talisman CEO Shaun Vokes said.
The company has been granted the required regulatory approvals for nine of the 12 target areas from the relevant NSW Government authorities and hopes to receive the remaining approvals in due course.
Talisman has also started ground geophysical programs to deliver vectors towards further mineralisation. The programs were postponed in the last quarter of 2022 as a result of “persistent inclement weather”.
The company said it believed its 2023 drill program will mark “the beginning of an exciting and potential transformational period for the company”.
“I am confident that the methodical process we are following and the work we are currently undertaking stands us in good stead to deliver a significant new discovery for the company and our shareholders,” Mr Vokes added.
Talisman has its sights on completing the current drilling program before identifying further walk-up drill targets for the second phase of drilling later in 2023.
TLM shares were up 3.03 per cent and trading at 17 cents at 11:30 am AEDT.