Mine development advances at Talisman, page-35

There is a lot to look forward to in the coming week...


WOODSTOCK AND BONANZA/TALISMAN RESOURCES MODULES NEAR COMPLETION

The Company is currently completing the modelling of the Talisman-Bonanza and Woodstock sections of the historic mine where the historic databases acquired in 2015 have shown potential to increase the current resources to JORC 2012 compliance in these sections as well, which would further enhance the overall mineral inventory.

All results will be restated under the JORC 2012 code and modelling will utilise historic channel samples as well as recent exploration data. Locating drill hole data from holes drilled from 15 Level in 1908 has led to increased confidence to extend the geological interpretation of the Maria Vein to around 300m below sea level and is expected to increase mineral potential further.

It is important to note that the Talisman and Bonanza Zones have not been included in previous resource estimates. However, evaluation of the historic channel sampling and considering recorded production and stope volumes there are a number of areas where there are unmined blocks of potentially economic grades remaining. NTL’s engineering team is currently evaluating the ability to access these areas during prospecting and bulk sampling.

The entire Talisman Deeps project including all known data is expected to be finalised by 31 July.