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Transaction Announcement Reports
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Project: | Sinclair | |
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Deposit: | Sinclair | |
Location: | Australia | |
Commodities: | Nickel-Copper-Cobalt | |
Date: | 1/9/2017 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 9-1-2017: Talisman Mining Ltd. announces an Exploration/Drilling Update report for its Sinclair deposit at the Sinclair project. Drilling results incl. 2.52m @ 3.35% Ni, 1376ppm Cu, 1175ppm Co from 206.7m. Talisman Mining Ltd (ASX: TLM) is pleased to anno | |
Resources: | x | |
CP/QP: | [Overall Report]: Anthony Greenaway (Internal) | |
ABSTRACT: | Talisman Mining Ltd (ASX: TLM) is pleased to announce the completion of follow-up diamond and reverse circulation (RC) drilling at its 100% owned Sinclair Nickel Project (“Sinclair”). A total of five areas were tested by measured program of RC and diamond drilling with results reinforcing the nickel fertility and high prospectivity of the Sinclair project area. Following the integration of all assay, geology and geophysical data from the DHEM surveys, Talisman will conduct a comprehensive review of results generated from the program before determining the scope of the next exploration program at Sinclair in the first quarter of 2017. Delphi North is a high priority target corridor which displays strong correlation to the Sinclair mine geological environment. Nickel sulphide mineralisation has been confirmed over a strike length of 700m and the area has the potential to host significant nickel sulphide mineralisation. A total of three diamond drill holes (SND010, SND012 and SND013) were completed for 877.3 metres which built on the results of a program of two RC fences completed in October 2016 (Figure 1). Diamond drill hole SND010 was completed to test the potential for mineralisation down plunge from the previous RC drill program which intersected 4m @ 4.79% Ni from 154m down-hole (SNRC0101) and 9m @ 4.20% Ni from 131m down-hole (SNRC0192). The first hole from the latest three-hole diamond drill program completed at Delphi North (SND010) returned several mineralised massive sulphide intersections. | |
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