RRS Conference Wrap - Sydney

By Kristie Batten, Mining Commentator

Posted on November 16th, 2023

Talisman Mining (ASX: TLM)

Also riding high was Kerry Harmanis-chaired Talisman Mining.

The company emerged from a trading halt late last month to report a large zone of lead-silver-zinc mineralisation in the initial drilling at its Rip n Tear prospect, part of the Lachlan project in New South Wales.

The reverse circulation hole, drilled into a 2.5km-long moving loop electromagnetic (MLEM) anomaly, returned 192m at 1.3% lead and 10 grams per tonne silver.

Managing director Andrew Munckton described the hole yesterday as an exploration breakthrough for the company.

“It’s encouragement that we’re onto a significant mineralised system,” he said.

“It’s an unusual style of mineralisation for this Cobar Basin.”

The hole was suspended at 232m depth still in mineralisation, due to water inflows.

Talisman followed up last week a second hit of 84m at 1.5% lead, 15gpt silver and 0.1% zinc, 1km from the initial intercept.

“This looks like it’s 2km or 3km long at least,” Munckton said.

The company will conduct further moving loop electromagnetic surveys to get a sense of how long Rip n Tear actually is.

While Talisman was focused on copper at Lachlan, Munckton said the company was commodity agnostic when it came to a discovery.

“This is a very exciting discovery and we haven’t really seen anything like this before,” he said.




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