Talisman Mining (ASX: TLM) has received further significant assay results from diamond drilling completed at the Rip n Tear Prospect, part of its 100%- owned Lachlan Project in central NSW.
The holes reported in this announcement targeted depth extensions of the broad zones of lead- silver-zinc mineralisation intersected in initial Reverse Circulation (RC) and diamond (DD) drilling.
Rip n Tear is located approximately 35km north of Condobolin on EL8615 and approximately 20km north-west of the company’s Durnings discovery. Both Rip n Tear and Durnings were discovered as part of a 7,200m RC drilling campaign completed in late 2023 within the Lachlan Project area,
Assays have now been received for holes MYRCDD0002W (a diamond extension of a previous RC and diamond drill hole) and MYDD0013 (a diamond drill-hole from surface located along strike of discovery hole MYRCD0003) plus four RC holes MYRC0014 to MYRC0017 testing down-dip of anomalous soil geochemistry, surface rock chips and gossan mineralisation sampled in May 2023.
“These latest results from extensional diamond drilling at Rip n Tear provide further encouragement for a major new base metals discovery at this emerging prospect,” Managing Director, Andrew Munckton, said.
“These latest results demonstrate the continuity of the lead-silver-zinc mineralised horizon, hosted in a folded and faulted sequence of sediments, over a strike extent of more than 2.6km and down- hole widths up to 200m. This clearly demonstrates the significant scale of the discovery.”
Mineralisation at Rip n Tear appears to be near stratiform mineralisation hosted in a coarse and porous sandstone unit.
“Importantly, the latest diamond drilling has intersected some zones of higher-grade material of up to 7.4% Pb and 56g/t Ag over a down-hole width of 10m near the base of the mineralized sequence,” Mr Munckton said.
“The geology team are investigating this style of mineralization to confirm its origin and determine the extent and nature of the high-grade zone. This ongoing work will provide detailed geological context to the mineralisation, which appears to be extensive, consistent and detectable with geophysics.
“It is important to remember that we are still early in the exploration phase at the Rip n Tear Prospect and with detailed geological work there is potential to unlock further high-grade zones within the system.”
At Durnings, recent Down Hole Electro-Magnetic (DHEM) surveys have been completed to target potential extensions to high grade sulphide mineralisation intersected in drilling reported in late April. DHEM modelling and further assay results for the recently completed diamond drilling programme will be reported shortly.
