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exploration update

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    TASMAN RESOURCES NL
    ACN 009 253 187
    Level 40, Exchange Plaza
    2 The Esplanade, Perth, Western Australia 6000
    Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866
    Website: www.tasmanresources.com.au
    AUSTRALIAN STOCK EXCHANGE ANNOUNCEMENT
    EXPLORATION UPDATE
    25 November 2004
    MARATHON SOUTH DRILLING
    Drillhole MS 1 is currently at a depth of 783m, and is drilling ahead in hematite-altered breccias,
    The thickness of the breccias intersected is now 225m. A further 100m of drill rods have been
    obtained and, subject to the capacity of the drill rig, it is proposed to continue to 900m.
    As previously reported, the breccias consist of a variety of matrix and clast support styles, with
    clasts of metasedimentary and igneous rocks within a hematite-dominated matrix. A variety of clast
    types, and evidence of repeated brecciation is evident, and sericite and silica (quartz) alteration
    occur throughout. However, volcanic rocks and tuffs within the breccias have now been identified.
    These rocks are very similar to rocks known from within the upper, unmineralised parts of the
    Olympic Dam deposit (see Figures 1 and 2).
    Residual gravity data for the prospect highlight a complex feature, approximately 4km by 6km in
    size, with MS 1 having intersected the extreme southwest margin of it (see Figure 3). The location
    of MS 1 was partially chosen to test a strong AMT electrical geophysical response, and the hole has
    clearly not tested the densest, and probably most hematite-rich parts of the feature. The location of 4
    proposed initial follow up drillholes are also indicated on Figure 3.
    Figures 4 and 5 are isometric views, showing the distribution of relatively dense rocks at Marathon
    South, and are based on gravity inversion modelling. The location of MS 1 is shown. The
    considerable size, shape and complexity of the Marathon South feature are apparent.
    Gregory H. Solomon
    Executive Chairman
 
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