Maitland

Text Box: Talisman Mining Ltd 80% - Murchison Resources Pty Ltd 20% The Maitland gold project covers all of the Maitland Greenstone Belt in the northern Yilgarn block, Western Australia. This poorly explored area is considered to have excellent potential for the definition of substantial gold resources. RECONNAISSANCE SOIL GEOCHEMISTRY Reconnaissance soil geochemistry at predominantly 200m x 40m centres has been completed over all of the Maitland Greenstone Belt not obscured by transported cover (Figure 1). In addition to strong gold-in-soil anomalies defined coincident with the abandoned gold workings at Maitland South and Maitland North, several anomalies were also defined coincident with the Mudawerrie BIF and in other areas of the greenstone belt. The significance of these latter anomalies is yet to be determined. MUDAWERRIE BIF The Mudawerrie BIF has a total defined north – south strike length of approximately 18km near the eastern margin of the Maitland Greenstone Belt. Reconnaissance soil geochemistry completed on 200m x 40m centres had confirmed the gold – anomalous nature of the Mudawerrie BIF (Banded Iron Formation), first indicated by reconnaissance rock geochemistry with BIF samples assaying up to 4.0g/t gold. This soil geochemistry has defined several areas of strong gold anomalism coincident with the BIF, including at Mudawerrie and Snake Valley - Figure 1 : Maitland Soil Sampling (Gold). Two traverses of angled RC drillholes have been completed across the Mudawerrie gold-in-soil anomaly in an attempt to define the cause of the anomaly. This program involved the completion of 6 drillholes for a total of 419 metres. This drilling returned a best intercept of 2m @ 1.54g/t gold Whilst these drill results were discouraging, subsequent mapping has indicated that the drillholes were drilled subparallel to the dip of the BIF and thus did not adequately test the anomaly. MAITLAND SOUTH The abandoned Maitland South gold working comprises a series of shallow shafts and pits exploiting a thin gold -mineralised quartz vein in a metabasalt. Soil geochemistry completed by the Company had indicated a coincident strong gold-in-soil anomaly over the workings and strike extent of the mineralised vein system. Two traverses of angled RC drillholes were completed beneath the abandoned workings to test the depth extensions of the exploited gold mineralisation. This drilling returned a best result of 4m @ 3.82g/t gold

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Maitland Project

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