too late, page-3

It's far from too late!
TLMO also has roughly a 10c discount.....only 20c exercise.

Here's some revision for the day - and it's from about 7 weeks ago!
Since then, TLM has also done the Manganese farm out, and SFR has had some very nice further results.

TALISMAN MINING Talisman Mining Ltd 􀁹 ABN 71 079 536 495
6 Centro Avenue, Subiaco, WA 6008, Australia
PO Box 1262, Subiaco, WA 6904, Australia
Tel 618 9380 4230 􀁹 Fax 618 9382 8200
www.talismanmining.com.au
Media / ASX Release 31 August 2009
COPPER-GOLD EXPLORATION RE-COMMENCES AT SPRINGFIELD
TARGETING VMS POTENTIAL ADJACENT TO HIGH-GRADE DEGRUSSA DISCOVERY
Talisman Mining Limited (ASX: TLM) is pleased to announce the commencement of a staged
exploration program at its 100%-owned Springfield Project (previously known as the Sakaladis
Project), located in the northern Murchison Goldfield of Western Australia.
The Springfield Project is located approximately 150km north east of Meekatharra and adjacent
to Sandfire Resources Ltd’s Doolgunna Project, which hosts the recently discovered DeGrussa
high-grade copper-gold volcanogenic massive sulphide (VMS) deposit.
Initial reconnaissance exploration by Talisman at Springfield has identified the continuation of
the same prospective Upper Narracoota Volcanic Formation through the Springfield Project
area, which lies immediately east of the Doolgunna Project.
The Springfield Project comprises three Exploration Licence Applications (ELA’s) pegged by
Talisman as part of a strategy targeting prospective formations within the Peak Hill district for
gold and copper mineralisation (see Figure 1).
The recent discovery of high-grade copper-gold mineralisation at DeGrussa, combined with the
fact that this style of deposit typically occurs in clusters, has opened up Talisman’s Springfield
Project as one of the most prospective exploration properties in Western Australia for highgrade
VMS deposits.
Accordingly, Talisman has decided to advance the Springfield Project on a priority basis.
Exploration completed by Talisman to date at the Springfield Project includes:
• Reconnaissance field investigations focusing primarily on lithostructural mapping,
together with rock chip sampling and orientation geochemical sampling. This mapping
and sampling work has confirmed that the prospective Upper Narracoota Volcanic
Formation extends from Sandfire’s DeGrussa prospect along strike into Talisman’s
Springfield Project. In addition, up to approximately 25km of strike of this prospective
stratigraphy is interpreted to occur within the Springfield Project area around the margin
of a large synclinal fold (see Figure 2);
• A review and compilation of historical open file data which has identified a previous
extensive soil and lag geochemical sampling survey that was completed over parts of
the Upper Narracoota Formation along strike from the DeGrussa Prospect and other
parts of the identified prospective horizon (see Figure 3). This data has identified a
robust, highly anomalous copper response over an area measuring approximately 4km
by 1.25km immediately along strike from the DeGrussa Prospect. The anomalous area
is also supported by sporadic high gold values; and
• Sourcing regional data sets including satellite imagery, airborne magnetic data and
gravity data to enable construction of a regional geological context to establish a
platform for new target identification.
TALISMAN MINING COPPER-GOLD EXPLORATION RE-COMMENCES AT SPRINGFIELD
PAGE 2 OF 4
In light of the extremely encouraging geochemical sampling results, Talisman will be
commencing the following exploration programs as a priority:
• Detailed multi-element geochemical infill soil sampling covering approximately 5km of
the immediate strike extension of the prospective Upper Narracoota Volcanic Formation
(see Figure 4). This program is designed to confirm and enhance the existing copper
anomaly and provide support from other indicator minerals (eg, gold). The aim of this
sampling program is to provide defined targets that merit moving loop electromagnetic
surveys (MLEM) and/or drilling programs;
• A program of regional reconnaissance lag and soil sampling to provide a first-pass test
of approximately 15km strike of the prospective target Narracoota Formation stratigraphy
(see Figure 4). The aim of this work is to quickly identify areas that require more
detailed in-fill soil sampling; and
• Detailed lithostructural regolith mapping and gossan search.
This immediate initial program of work is designed to identify areas for additional surface
geochemistry and geophysical surveying with the aim of defining drill targets.
Competent Persons’ Statement