Talisman Mining Limited (ASX: TLM) has identified lead-zinc-silver intercepts in RC drilling above the Southern EM Conductor at Rip n Tear target in NSW.
The company has now received assays from a further four Reverse Circulation (RC) holes targeting the Southern MLEM Conductor at the Rip N Tear Prospect, part of its 100%-owned Lachlan Project.
Rip N Tear is the first area to be tested as part of a 7,200m RC drilling campaign currently underway at four priority prospects within the Lachlan Project area.
Assays have now been received for the next four RC holes drilled at Rip N Tear, where a maiden 1,650m broad-spaced 7 RC hole drilling program commenced in early September.
As expected, assay results from holes MYRC0004 to MYRC0007 returned relatively narrow (generally 6m to 18m) intersections of low- grade lead-silver and zinc mineralisation,” Managing Director, Andrew Munckton, said.
“All these RC holes were suspended above the targeted Southern MLEM anomaly, with the lower-grade intersections in MYRC0001 and MYRC0004 to MYRC0007 occurring in weathered sandstone units. We will be extending all these RC holes with diamond tails in the coming weeks to test the targeted deeper source of the conductivity anomaly with diamond core.
“At the Northern MLEM anomaly, the zones containing disseminated galena, silver, sphalerite, minor chalcopyrite and pyrite with strong sericite alteration were hosted in fresh sandstone and siltstone. These zones are being further tested and extended with diamond core. Towards the bottom-of-hole in both MYRC0002 and MYRC0003, the mineralisation appears to be increasing in grade, with 20m at 2.7% Pb and 25.4g/t Ag intersected from 194m down-hole in MYRC0002 and 42m at 1.95% Pb, 16.7g/t Ag, 0.19% Zn and 0.08% Cu from 226m to end-of-hole in MYRC0003.
“Importantly, the zones of lead, silver, zinc and copper mineralisation intersected at depth in both these holes were recorded in fresh rock. The fresh rock intersections also sit above the modelled Northern MLEM target. The diamond tails program is designed to confirm the source of the conductor below this mineralised base metal sulphide zone. The Northern MLEM target is extensive and spans over 3km in length.
“We believe that the current diamond tails and proposed follow-up RC drilling will define the style, nature and extent of the mineralisation at the two chargeable anomalies. The targets remain open to the north-east and further ground-based MLEM surveys are underway to test if the conductive features continue along the interpreted structure.
“Our geologists are looking forward to integrating the knowledge derived from the recently commenced diamond tails program to gain a more accurate picture of the orientation and style of lead-silver-zinc-copper sulphide mineralisation and to test this extensive structural corridor and emerging mineralised system.”
