InvestSMART

Talisman Mining Limited (ASX:TLM)

ALERT: Price-sensitive ASX Announcement for TLM
Current share price for TLM : $0.066 -0.084 (-56%)+
Announcement
Release
15 Sep 2025 8:15AM
Price at Release
$0.150
Full Release
download
Summary
Talisman Mining Limited reported on its recent 5-hole, 755m RC drilling program at the Sheepyard Prospect, part of the Walkers Hill Project in NSW. The drilling intersected broad zones of shallow, low-grade gold mineralisation in four out of five holes, with significant results including 42m at 0.44g/t Au from 4m in one hole. The gold is associated with quartz veining and pyrite, indicative of an orogenic style deposit, and aligns with a PDIP chargeability anomaly at depth. This area is part of a larger 4.5km long gold-in-soil anomaly, and Talisman plans further drilling to explore the anomaly's potential. The mineralisation shows anomalies in arsenic, antimony, and tungsten, supporting the potential for higher gold grades, as noted by Talisman's Managing Director.
Key Points
  • Talisman Mining Limited completed a 5-hole, 755m Reverse Circulation (RC) drilling program at the Sheepyard Prospect within the Walkers Hill Project.
  • Four out of five holes intersected broad zones of shallow, low-grade gold mineralisation.
  • Notable assay results include SYRC0003 with 42m at 0.44g/t Au from 4m, including 8m at 0.85g/t Au.
  • Gold mineralisation is associated with thin quartz veining and pyrite, typical of orogenic-style gold deposits.
  • The drilling confirmed a strong Pole-Dipole Induced Polarisation (PDIP) chargeability feature at depth.
  • Sheepyard is part of a larger Walkers Hill gold-in-soil anomaly stretching over 4.5km.
  • The next phase of drilling is planned to further explore the 4.5km anomaly.
  • The mineralisation is anomalous in arsenic, antimony, and tungsten.
  • Talisman's Managing Director expressed optimism about the potential for higher gold grades and future exploration opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.