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Talisman Mining Ltd.
Summary
| Project: | Sinclair | |
|---|---|---|
| Deposit: | Sinclair | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 8/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-8-2018: Talisman Mining Ltd. announces a Resource Estimation report for its Sinclair deposit at the Sinclair project. Initial mineral resource estimate at Sinclair. Talisman Mining Ltd (ASX: TLM, Talisman) is pleased to announce the completion of a Min | |
| Resources: | (Resource): 250Kt @ 2.4% Ni (Ind.), 460Kt @ 2.2% Ni (Inf.) | |
| CP/QP: | [Resources]: Brian Wolfe (International Resource Solutions Pty Ltd.) | |
| ABSTRACT: | Talisman Mining Ltd (ASX: TLM, Talisman) is pleased to announce the completion of a Mineral Resource Estimate (MRE) at its 100% owned Sinclair Nickel Project. The Sinclair Nickel Project has extensive, well-maintained infrastructure including an existing 350ktpa sulphide flotation processing plant, airstrip, camp and accommodation facilities. The Sinclair nickel mine was developed and commissioned in 2008 and operated successfully before being placed on care and maintenance in August 2013, having produced approximately 38,500 tonnes of nickel at an average life-of-mine head grade of 2.44% Ni. Talisman recently commenced work to assess the potential for a MRE to be defined in accordance with the JORC Code from known mineralisation at the Sinclair nickel mine extension and remnants. Further potential for nickel mineralisation exists at other targets in the near mine region which the Company will continue to assess with cost effective targeted drilling programs. Resources are based on historic reverse circulation (RC) and diamond drilling completed by Xstrata Nickel Australasia Operations Pty Ltd (XNAO) and incorporate remnant nickel sulphide mineralisation adjacent to existing mine development, and extensional mineralisation continuing immediately down plunge of existing mine workings. The MRE process resulted in a JORC Indicated and Inferred Resource of 720,000t @ 2.3% Ni for 16,200t of contained nickel. The MRE is based on a recently completed re-interpretation of the massive and disseminated/ stringer sulphide mineralisation at the Sinclair deposit by Talisman’s geological team. The MRE was completed by an independent consultant, in conjunction with the Talisman team. The Sinclair deposit comprises an elongated body of massive and heavily disseminated sulphide mineralisation with a shallow plunge of around 20 degrees to the north (Figure 2). The previous underground operation mined the deposit to around 445m below surface. | |
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