The newly interpreted target corridor to the north-west along the Lucknow Fault shows evidence of gold mineralisation in areas of minimal previous exploration.

Talisman Mining Ltd (ASX:TLM) has completed its maiden two-hole diamond drilling program at the high-grade Lucknow Gold Project in NSW with all assays received.

The program was designed to test the interpreted fault off-set position of the historical gold lodes at Lucknow (where historical production was in excess of 400,000 ounces at an estimated average mined grade of +100g/t gold) and represents the first drilling program to be completed by any explorers into this target area.

Talisman’s second diamond hole, LUDD0002, was completed to a depth of 471.4 metres, with the lower portion of the hole intersecting quartz veining in the targeted Darcy Lode position to the west of, and below, the historical workings.

Plan view showing interpreted geology and completed drill holes

The assays returned low-grade gold mineralisation with the mineralised zones interpreted to represent the more distal extensions of the main gold lodes.

LUDD0002 also intersected a zone of quartz veining and strong foliation, which is interpreted to represent the flat-lying fault that has offset the main lode controlling stratigraphy, as well as an ultramafic unit and the andesite contact.

Talisman’s recent drilling, supported by a structural and geological interpretation, suggests that the ultramafic stratigraphy and prospective contact has been offset to the north-west by a sinistral fault – indicating a potential target to the north-west of recent drilling.

A review is underway to identify potential future drill targets in the corridor to the north-west along the Lucknow Fault, where there is evidence of gold mineralisation in areas of minimal previous exploration.


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