Talisman Mining Ltd. reported highly encouraging assay results from initial drilling at the Kaolin Shaft Gold Prospect, located within its Central Lachlan Project in
NSW. The initial assays have reinforced the prospectivity of the Kaolin Shaft Prospect for VMS-style polymetallic mineralisation potentially similar to that at the nearby Mineral Hill mine. Talisman has received assays for four of 10 drill-holes completed as part of a recent Reverse Circulation (RC) drilling program at Kaolin Shaft, which is located 11km south-east the Mineral Hill Mine in the Canbelego-Mineral Hill Volcanic Belt area of NSW. The results have confirmed the presence of wide intervals of polymetallic (Zn-Pb-Ag-Au-Cu) volcanic massive sulphide (VMS) mineralisation across the prospect area, further reinforcing the potential of
the Kaolin Shaft Prospect to host significant polymetallic mineralisation. The Kaolin Shaft Gold Prospect was identified on the basis of shallow historic exploration and a targeted program of soil geochemistry conducted by Talisman in 2019, indicating the presence of a wide gold-in-soil anomaly1. Geology at the prospect area contains variably silicified and ferruginous volcanogenic sediments, tuffs and other volcanics of the Canbelego Mineral Hill Volcanic Belt (CMHVB). Assays to date have indicated that a thick zone of low-grade sulphide mineralisation remains open to the south of the prospect, with the thickness of sulphide mineralisation increasing considerably The basement is concealed below transported tertiary cover sequences in this area, making southern extensions to the prospect highly prospective. It is particularly encouraging that base metal and gold intercepts of interest were encountered distal to the main gold-in-soil anomaly targeted by this drill program. Down-hole electro-magnetic (DHEM) surveying was carried out on KSRC0009 and KSRC0012 which was inconclusive at delineating nearby conductors, however visual inspection of the mineralisation intersected in the drill-holes suggests that it would be unlikely to return a conductive anomaly due to the finely disseminated nature of the sulphides. These surveyed holes were also distant from the extended sulphide intercepts seen in KSRC0010, which may explain why no positive responses were returned. Planning for follow-up RC drilling at the Kaolin Shaft Gold Prospect is currently in progress.