So close in 2012

TALISMAN IDENTIFIES 18 TARGETS AT SPRINGFIELD

THE DRILL SERGEANT: Talisman Mining is about to commence a targeted drilling program at its Springfield copper-gold project in Western Australia.

The drill program is scheduled to commence in the second half of March and has been designed to test 18 newly identified Tier-One copper-gold exploration targets.

The program will comprise approximately 10,000 metres of combined diamond and RC drilling, with scope to extend this further dependent upon geological information obtained in the field and ongoing assay results.

Springfield is located four kilometres from the DeGrussa copper-gold project of Sandfire Resources.

Over the past three months, Talisman has undertaken a detailed and integrated review of the data fromits earlier exploration activities at Springfield to identify key stratigraphic horizons, primary structural controls and geochemical vectors to mineralisation.

This has led Talisman to develop a 3D geological model for the Springfield project, from which it has identified 18 Tier-One target areas the company claims contains all of the four key elements required for the potential formation of a VMS copper gold deposit.

3D model looking East showing areas within the Springfield project with a geological and structural setting similar to the DeGrussa copper-gold mine. Source: Company announcement

Talisman will systematically drill test these 18 target areas over the coming months while it also carrys out down-hole electromagnetic surveys at all holes.

The company said it had identified these initial 18 targets at Springfield as a result of its commitment to reconnaissance exploration activities to assemble a series of extensive key datasets.

“By utilising state-of-the-art geo-scientific techniques, these extensive datasets have enabled us to develop a comprehensive 3D geological model for Springfield,” Talisman Mining managing director Gary Lethridge said in the company’s announcement to the Australian Securities Exchange.

“This interpretative model is, we believe, the key to giving Talisman the best possible chance of making a new copper-gold discovery at Springfield.

“We have always been clear that this is our primary objective and this recent work takes us a step closer to achieving that objective.”