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Talisman Mining Ltd.
Summary
| Project: | Springfield | |
|---|---|---|
| Deposit: | Monty NE, Monty South | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 10/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 4-10-2017: Talisman Mining Ltd. announces an Exploration/Drilling Update report for its Monty NE, Monty South deposit at the Springfield project. JV with Sandfire Resources - no significant intersections from assay results. Talisman Mining Limited (ASX: T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Anthony Greenaway (Internal) | |
| ABSTRACT: | Talisman Mining Limited (ASX: TLM, Talisman) advises that the Springfield Joint Venture (Springfield) (Talisman 30% and Sandfire Resources NL 70% (ASX: SFR, Sandfire)), has approved a $1.2 million budget (100% basis) for the quarter ending December 2017 with work scheduled to commence in the coming weeks. This budget is separate to expenditure on the ongoing development of the Monty Copper-Gold Mine (Monty). The December quarter exploration budget focuses predominantly on testing various new geological interpretations at Monty NE, Monty East and Homer South, along with geochemical anomalies identified within the Southern Volcanics. This planned work continues from the previous quarter which was primarily focused on detailed geological reviews, and the interpretation and assessment of Induced Polarisation (IP) geophysical data collected over the Monty and Monty NE areas. Joint Venture exploration efforts continue to re-evaluate and reinterpret geological, geochemical and geophysical data on an ongoing and iterative basis to maximise discovery opportunities within the Springfield area. Work completed at Springfield over the three-month budget period ending 30 September 2017 was primarily focused on an internal data review, and evaluation of the geological interpretations provided by Talisman to the Joint Venture late in the June 2017 quarter. On-ground exploration was limited to five RC drill holes for a total of 2,096 metres as depicted in Figure 1. Drilling completed at Monty NE, Monty South and within the Southern Volcanics trend targeted bottomof-hole (BOH) lithogeochemical anomalies identified in previous air-core drilling. The three holes completed at these targets (TLRC0070, TLRC0071 and TLRC0073) did not return any significant Cu mineralisation. | |
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