Talisman Mining (ASX:TLM) has identified an emerging large-scale gold system at the Sheepyard Prospect within its Walkers Hill Gold Project in New South Wales.
The company completed 40 aircore holes for 1,657m, with shallow mineralisation confirmed over an unconstrained 800m of strike.
Results include 9m @ 0.94 grams per tonne gold (Au) from 42m, including 6m @ 1.28g/t Au, in hole SYAC0085; and 15m @ 0.55g/t Au from 3m, including 9m @ 0.67g/t Au in hole SYAC0088.
Multiple other intersections returned consistent shallow gold values.
The mineralisation sits on the margins of a large induced polarisation chargeability anomaly generated by previous work, which remains untested by drilling.
The Sheepyard Prospect forms the southern part of a 5.5km-long soil anomaly where gold values exceed 25 parts per billion — an indicator of potential mineralisation.
CEO Todd Ross says the results “continue to build the case for Sheepyard as a potentially large-scale gold system”.
“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 adds.
“When considered alongside the broader 5.5km soil anomaly at Walkers Hill, Sheepyard is shaping up as a high-priority target for the Company.”
Talisman is planning follow-up aircore drilling to expand the mineralised footprint and reverse circulation drilling to test the IP anomaly at depth.
The IP anomaly is interpreted to reflect disseminated pyrite associated with sheared, altered sediments and gold-bearing quartz veining.
The Walkers Hill Gold Project covers a consolidated land package extending over approximately 90km of strike within the Lachlan Fold Belt.
Talisman Mining is an Australian mineral development and exploration company advancing copper and gold projects across the Lachlan Fold Belt in New South Wales, with exploration activities funded by a sustaining iron ore royalty.
Write to JC Villarba at Mining.com.au
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