Talisman Mining Limited (ASX:TLM) has commenced a diamond drilling program at its granted tenement, EL 9679, named the 'Yarindury Prospect', located 30km east of Dubbo in the Molong Volcanic Belt of the Macquarie Volcanic Arc of central-western NSW. The program aims to test large geophysical anomalies and explore the potential for porphyry-style copper-gold deposits. The initial drilling program, comprising up to five holes, is scheduled to be completed in the December quarter.
Talisman's Managing Director, Andrew Munckton, expressed excitement about the commencement of exploration drilling at the Yarindury Prospect. He highlighted the project's strategic location in the Tier 1 Molong Volcanic Belt, known for hosting major porphyry-style copper-gold deposits. Munckton emphasized the significance of the initial drilling program in providing detailed geological context and expressed anticipation for the drilling results.
Talisman Mining's commencement of the diamond drilling program at the Yarindury Prospect marks a significant step in the exploration of potential porphyry-style copper-gold deposits in the highly prospective Molong Volcanic Belt. The project's location, comparison with other geophysically similar deposits in the belt, and the presence of large geophysical anomalies present a promising opportunity. The company aims to gain detailed geological insights from the initial drilling program and looks forward to updating the market with the drilling results. The Yarindury Prospect's exploration aligns with Talisman's goal of maximizing shareholder value through the discovery and development of complementary opportunities in base and precious metals, reflecting the company's active exploration approach and commitment to potential mineral discoveries.