wonmunna iron ore drilling results

WONMUNNA IRON ORE - DRILLING UPDATE
NMM RESOURCE DRILLING UPDATE

Assay results have been received for a further 14 reverse circulation drillholes completed as part of the program of gridded resource drilling at the NMM (North Marra Mamba) prospect, Wonmunna Project, Pilbara Region, Western Australia. Significant assay results (>50% Fe) are listed in Table 1 and drillhole locations shown on Figure 1.
Table 1: Wonmunna – Significant NMM Resource Drill Intercepts WNC192 - 205
Hole
East
North
From(m)
To (m)
Width(m)
Fe %
SiO2 %
Al2O3 %
P %
S %
LOI %
WNC192
712503
7440847
18
20
2
53.85
12.56
2.15
0.08
0.02
7.3
WNC193
712501
7440799
12
38
26
56.76
7.42
2.19
0.07
0.01
8.1
(including
18
20
2
60.83
2.57
1.61
0.06
0.01
7.3)
(and
24
30
6
61.78
2.38
0.77
0.07
0.01
8.0)
WNC194
712497
7440750
12
28
16
52.61
8.29
5.57
0.07
0.02
9.4
WNC195
712498
7440698
no significant results (<50% Fe)
WNC196
712503
7440644
24
44 (eoh)
20
53.52
7.49
4.52
0.10
0.01
10.3
WNC197
712496
7440599
no significant results (<50% Fe)
WNC198
712107
7441405
no significant results (<50% Fe)
WNC199
712107
7441296
8
12
4
52.63
7.12
6.58
0.07
0.02
10.0
WNC200
712103
7441195
no significant results (<50% Fe)
WNC201
712102
7441100
16
44
28
57.34
5.77
3.97
0.07
0.01
7.2
(including
18
26
8
61.10
5.57
1.92
0.08
0.01
4.3)
(and
36
38
2
61.42
2.08
1.94
0.06
0.01
6.8)
WNC202
712101
7441050
10
12
2
57.70
4.02
2.97
0.04
0.02
9.7
14
16
2
54.69
6.14
4.46
0.04
0.02
9.9
20
26
6
54.47
6.98
5.05
0.03
0.03
9.1
30
36 (eoh)
6
55.25
5.36
4.89
0.04
0.01
9.5
WNC203
712103
7441001
12
20
8
53.17
7.73
5.49
0.03
0.02
9.2
WNC204
712102
7440946
no significant results (<50% Fe)
WNC205
712104
7440846
no significant results (<50% Fe)
TALISMAN MINING LTD PAGE 2
_____________________________________________________________________________
Figure 1
These results remain consistent with expectations and continue to confirm the strong hematite – goethite mineralisation at NMM.
Drilling and receipt of assay results remain on schedule for reporting of a maiden resource for NMM in August, 2008.
SMM RECONNAISSANCE DRILLING
Assay results have been received for a further 3 reconnaissance reverse circulation drillholes at the SMM (South Marra Mamba) prospect, Wonmunna Project. Significant assay results (>50% Fe) are listed in Table 2 and drillhole locations shown on Figure 2.
Table 2: Wonmunna – Significant SMM Reconnaissance Drill Intercepts WNC241, 332,348
Hole
East
North
From(m)
To(m)
Width(m)
Fe %
SiO2 %
Al2O3 %
P %
S %
LOI %
WNC241
703998
7436749
14
46
32
53.84
10.49
3.65
0.11
0.01
9.01
WNC332
703199
7436850
20
22
2
50.95
8.83
6.86
0.10
0.03
10.78
28
30
2
55.69
4.32
4.20
0.09
0.04
11.27
36
38
2
58.03
3.72
2.89
0.13
0.01
10.41
WNC348
703600
7437046
no significant results (<50% Fe)
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TALISMAN MINING LTD PAGE 3
_____________________________________________________________________________
Figure 2
Yours sincerely
S. J. Elliott
Managing Director
Information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Steven Elliott who is a member of the Australasian Institute of Mining and Metallurgy. Mr Steven Elliott is a full time employee of Talisman Mining Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Steven Elliott consents to the inclusion in this report of the matters based on information in the form and context in which it appears.
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