Talisman Mining has identified an emerging, large-scale gold system at its Sheepyard Prospect, part of the Walkers Hill Gold Project in the Lachlan Fold Belt of New South Wales.
The company has completed a 40-hole, 1,657-metre aircore (AC) drilling program that intersected broad zones of shallow gold mineralisation across a currently unconstrained strike length of approximately 800 metres.
Assay results revealed notable shallow intersections, including 9 metres at 0.94 grams per tonne (g/t) gold from 42 metres, 15 metres at 0.55g/t gold from 3 metres, and 12 metres at 0.68g/t gold from 21 metres, a hole that ended in mineralisation.
Geophysics data indicates that these shallow drill intercepts sit on the outer margins of a large induced polarisation (IP) chargeability anomaly that has never been drill-tested at depth.
The untested anomaly is interpreted to potentially represent the main core of the mineralised system, offering significant room for high-grade gold targets.
The Sheepyard Prospect sits on the southern end of a larger, 5.5-kilometre-long geochemical soil anomaly within the 90-kilometre-long Walkers Hill land holding.
Talisman Mining CEO Todd Ross said the ongoing results continue to build a strong case for Sheepyard as a major regional target.
“We’re seeing consistent, shallow gold mineralisation across an unconstrained 800m of strike and, importantly, these intersections sit on the margins of an IP chargeability anomaly that has yet to be tested by drilling,” Ross said.
“Our next phase of drilling is designed to build on this momentum, with follow-up AC drilling aimed at extending the footprint of the mineralised system and deeper RC [reverse circulation] drilling planned to provide a definitive test of the IP anomaly at depth.”
Planning is currently underway for both additional AC drilling to expand the shallow footprint and deeper RC drilling to test the target at depth.
