Talisman Mining (ASX: TLM) has received assays confirming that recent wide-spaced Reverse Circulation has intersected a second, wide zone of disseminated lead-silver-zinc mineralisation at the Rip N Tear Prospect, part of its 100%-owned Lachlan Project in NSW.
Rip N Tear is the first area to be tested as part of a 7,200m Reverse Circulation (RC) drilling campaign currently underway at four priority prospects in the Lachlan Project.
Assays have so far been received for the first three holes drilled at Rip N Tear, where an initial, broad-spaced 1,650m RC drilling program commenced in early September.
Rip N Tear prospect is an under-explored target defined by strongly anomalous base metal soil geochemistry containing two large, coherent conductive MLEM anomalies.
The prospect is situated within a complex structural setting associated with NNE and NE trending faults which are interpreted to provide a pathway for mineralised fluids from local granite intrusions.
Historic drilling has been limited to three percussion holes (~61m deep, drilled in 1970’s). The current program consists of seven RC holes designed to test the two conductive anomalies at depth at approximately 800m to 1,000m drill-hole spacing.
Further assays are expected to be received for the remaining four RC holes at Rip N Tear during November.
The diamond drill rig will be mobilised to the project and will commence drilling diamond tails from MYRC0002 and MYRC0003 shortly.
The RC rig will be returning to Rip n Tear in November to complete further RC drilling (see Figures 2 and 3 for planned RC drill hole locations). These holes will target:
- In-fill at approximately 500m hole spacing between MYRC0002 and MYRC0003 to confirm continuity of the mineralisation beneath the Northern MLEM anomaly.
- Test the extent of the mineralisation approximately 1,000m west of MYRC0002 at 500m spacing beneath the Northern MLEM anomaly.
- Potential additional RC drilling at the Southern MLEM anomaly is subject to assay results from MYRC0004 to MYRC0007 and diamond drilling progress.
Additional ground-based MLEM surveys and soil/auger geochemical surveys are expected to be mobilised during the December Quarter to investigate if other large targets exist along the structural corridor north-east of the current drilling.