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Talisman Mining Ltd.
Summary
| Project: | Lachlan | |
|---|---|---|
| Deposit: | Blind Calf | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 6/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-6-2018: Talisman Mining Ltd. announces an Exploration/Drilling Update report for its Blind Calf deposit at the Lachlan project. Drilling results incl. 13.0m @ 5.71% Cu from 129.0m. Talisman Mining Ltd (ASX: TLM, Talisman) is pleased to advise that high | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Anthony Greenaway (Internal) | |
| ABSTRACT: | Talisman Mining Ltd (ASX: TLM, Talisman) is pleased to advise that high-grade copper mineralisation has been intersected over significant widths during the recently completed initial Reverse Circulation (RC) drill program at the 100%-owned Blind Calf Prospect in the Lachlan CuAu Project in NSW (Appendix 1 and Appendix 2). The program comprised seven holes for 984m to a maximum depth of 187m, and intersected quartz veining and sulphide mineralisation in all holes, ranging from broad zones of disseminated sulphides (pyrite and chalcopyrite) in siliceous host rocks to zones of foliated quartz veining, with up to 50% sulphides logged in drill cuttings. Results from the first hole completed BCRC006, included a wide zone of high-grade mineralisation within a sulphidic quartz vein, which returned assay results of 13m @ 5.71% Cu from 129m down hole including a high-grade central core of 4m @ 11.06% Cu from 136m down hole (Figure 2 and Figure 3). The result from BCRC006 highlights the high-grade nature of the Blind Calf mineralisation, returning similar widths to the historic drilling. Importantly, the recent result is at a significantly higher grade than previous drilling (with maximum assay of 15.65% Cu over 1 metre) and has extended the modelled Blind Calf lode at depth. Indications from visual assessment of adjacent drill holes by Talisman (assays awaited) indicate a potential broadening of the lode along strike. While results from the remaining six holes in this initial program are pending, it appears that the vein hosted copper mineralisation outlined above is encased in a lower grade (0.5% – 1% Cu), halo of altered host rocks with disseminated sulphides (Figure 2). Importantly the identified lodes remain open at depth and untested along strike. | |
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