Talisman Mining defies the gloom, generates more significant massive sulphide drill-hits

Despite volatility on world share markets, life goes on. Talisman Mining (ASX: TLM) remains one of our preferred exploration plays and it has advised that two important diamond step-out holes at its Monty prospect in WA testing for mineralised extensions within the areas up-dip of known massive sulphide intersections, have intersected multiple zones of massive sulphides. They provide further support for the emerging prospectivity at Monty, as they potentially increase the overall mineralized footprint. Drilling is continuing, with two diamond rigs currently drilling holes designed to test for extensions of the mineralisation up-dip and down-dip and along strike. Monty is one of the industry’s most exciting new exploration discoveries, situated within a stone’s throw of Sandfire’s DeGrussa copper mine. Talisman maintains a company-making farm-out JV with Sandfire Resources (ASX: SFR) with respect to its flagship Springfield Project in WA - where Sandfire can earn up to a 70% stake in three of Talisman’s projects by spending at least $15m over a 5½-year period.

Gavin Wendt
Founding Director

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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