Talisman Mining reports significant assay results from diamond holes at Rip n Tear Prospect

Talisman Mining Limited (ASX: $TLM) has announced the receipt of significant assay results from diamond holes drilled in early 2024 targeting depth extensions of previous broad zones of lead-silver mineralisation intersected in the initial Reverse Circulation (RC) drilling at the Rip n Tear Prospect, part of its 100%-owned Lachlan Project in central NSW.

Executive Commentary on Rip n Tear Prospect and Durnings

We are very encouraged to see more significant assay results being returned from extensional diamond drilling at the Rip n Tear discovery. These new results demonstrate the continuity of the lead-silver mineralised horizon, hosted in a folded and faulted sequence of sediments, in drilling over a strike extent of more than 1.6km and downhole widths up to 200m. This clearly demonstrates the significant scale of the mineralised system. The current diamond drilling program is nearing completion with results awaited for several holes aimed at indicating the extent of the mineralisation with diamond tails from RC holes MYRC0008 and MYRC0009 and surface diamond holes MYDD0012 and MYDD0013. If confirmed, this will further extend the mineralisation to a strike length of 2.3km and provide an overall picture of the scale of the opportunity at Rip n Tear. Importantly, the diamond drilling and multi-element assaying at Rip n Tear provides detailed geological context to the mineralisation - which appears extensive, consistent and detectable with geophysics. While it is still very early in the exploration phase, the Rip n Tear project so far appears to have all the indicators of an extensive mineralised system in a sedimentary basin setting. Meanwhile at Durnings, our focus remains on targeting mineralized extensions from the discovery hole at this target, DRRC0006, which identified a sulphide-rich, 6m intersection from 274m down- hole, which returned a high-grade assay result of 10.3% Pb, 3.5% Zn 126g/t Ag, 0.4% Cu and 1.93g/t Au. Step-out RC drilling above and along strike from the original RC intersection in DRRC0006 will provide additional information on the size and direction of the high-grade core to this extensively altered and mineralized position. Meanwhile, the untested Eastern GAIP target at the Durnings is currently being assessed with auger drilling and soil geochemistry to identify the initial RC drilling locations for follow-up. Overall, our geologists are looking forward to integrating the geological knowledge derived from the RC and diamond drilling programs with the full assay dataset and the proposed diamond tail drilling program to gain a more accurate picture of the orientation and style of the lead-silver rich horizon at Rip n Tear and the high grade lead-zinc-silver-copper-gold sulphide mineralisation at Durnings. This information will allow us to fully test these extensive structural corridors later in the year.

Summary of Talisman Mining's ASX Announcement

Talisman Mining Limited (ASX: $TLM) has reported significant assay results from diamond holes drilled at the Rip n Tear Prospect, demonstrating the continuity of the lead-silver mineralised horizon over a strike extent of more than 1.6km and downhole widths up to 200m. The company's focus remains on targeting mineralized extensions at Durnings, with ongoing exploration activities aimed at identifying the initial RC drilling locations for follow-up. The results from the current drilling programs will provide a more accurate picture of the orientation and style of the lead-silver rich horizon at Rip n Tear and the high-grade lead-zinc-silver-copper-gold sulphide mineralisation at Durnings, allowing for comprehensive testing of these extensive structural corridors later in the year.