Talisman Mining Limited (ASX: $TLM) Stage 2 Exploration Update

Talisman Mining Limited (ASX: $TLM) has reported significant assay results from Stage 2 follow-up exploration at the Durnings Prospect, part of its 100%-owned Lachlan Project in central NSW. The company has identified a second significant zone of high-grade gold and copper mineralisation in the northern Durnings area, further reinforcing a major greenfields base and precious metals discovery at Durnings. In the southern Durnings area, broad zones of low-grade base metals with sporadic high-grade base metals, gold, and copper have been intersected, with plans for follow-up drilling to commence in June targeting the DHEM generated plates and associated high-grade zones.

Executive Commentary on Stage 2 Exploration Results

Talisman's Managing Director, Andrew Munckton, expressed satisfaction with the Stage 2 drilling program at Durnings, highlighting the discovery of a second high-grade zone of mineralisation in the northern part of the prospect area. He emphasized the potential for exceptional grades over a considerable area in multiple locations at Durnings. Munckton also acknowledged the sub-optimal orientation of the recent drilling in the southern Durnings area, which resulted in broad zones of low-grade mineralisation, and expressed confidence in the potential to extend high-value mineralisation with further drilling. He further noted the company's strong momentum as they prepare for the next phase of exploration at Durnings, scheduled to re-commence in mid-June, subject to approvals.

Summary of Stage 2 Exploration Results and Outlook

The Stage 2 exploration at Durnings has led to the discovery of a second high-grade mineralised zone in the northern Durnings area, reinforcing the potential for a major greenfields base and precious metals discovery. The company plans to conduct follow-up drilling in the southern Durnings area to target the DHEM generated plates and evaluate extensions. Talisman Mining's ambitions in the Cobar Basin region are underlined by the emerging discoveries at Durnings and Rip N Tear, positioning the company at the forefront of a new wave of discoveries in the region. The next phase of exploration, scheduled to commence in mid-June, is expected to be an exciting time for the company and its shareholders.