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Talisman Mining Ltd.
Summary
| Project: | Sinclair | |
|---|---|---|
| Deposit: | Delphi North, Schmitz Well South | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 10/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-10-2016: Talisman Mining Ltd. announces an Exploration/Drilling Update report for its Delphi North, Schmitz Well South deposit at the Sinclair project. Drilling results incl. 9m @ 4.20% Ni from 131m. Assay results from the first phase of Reverse Circula | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Anthony Greenaway (Internal) | |
| ABSTRACT: | Assay results from the first phase of Reverse Circulation (RC) drilling at Delphi North have confirmed zones of massive and stringer nickel sulphide mineralisation. • RC drilling at Schmitz Well South completed and broad zones of prospective high-Mg ultramafic rocks intersected with multiple zones of trace to disseminated sulphides logged in RC chips. Assay results pending. • Diamond drilling of Down Hole Electromagnetic (DHEM) target at Delphi North intersected multiple zones of brecciated to massive sulphides (pyrrhotite, chalcopyrite & minor pentlandite). Assay results pending. • Diamond drilling of SND008 at Delphi Prospect, targeting previously identified surface EM anomaly, complete. No discernible sulphide mineralisation logged in RC chips and EM anomaly remains unexplained. Assay results pending. • Drilling of an additional diamond drill hole (SND009), down dip from SNRC019, will commence following the completion of SND008 at the Delphi Prospect. • DHEM surveys planned for completed Delphi North and Delphi drilling, anticipated to commence in October 2016. The 100% owned Sinclair Nickel Project is located in the world-class Agnew-Wiluna Greenstone Belt in WA’s North-eastern Goldfields (Appendix 1). The Sinclair nickel deposit, developed and commissioned in 2008 and operated successfully before being placed on care and maintenance in August 2013, produced approximately 38,500 tonnes of nickel at an average life-of-mine head grade of 2.44% Ni. Sinclair has extensive infrastructure and includes a substantial 290km2 tenement package covering more than 80km strike of prospective ultramafic contact within a 35km radius of the existing processing plant and infrastructure. | |
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