Talisman began to establish a position in the Lachlan Fold Belt of Central NSW in 2017 and has now amassed a dominant position in what is a highly mineralised but underexplored mining district. The region has well developed infrastructure and multiple regional processing facilities with reported production and established Ore Reserves of more than 20 million tonnes of copper, 100 million ounces of gold and 1.1 billion ounces of silver.
The Lachlan Project area covers an extensive strike extent along the Gilmore Suture within the mineral rich Cobar/Mineral Hill region. This region has produced many long-life, high-grade mineral discoveries and has the potential to host a variety of deposit types including:
- Low sulphidation epithermal gold and base metal deposits (similar to Mineral Hill)
- Structurally-controlled gold deposits (similar to Mt Boppy)
- Structurally-controlled copper deposits
- Cobar-style gold and base metal deposits
- Skarn deposits
The landholding is a combination of 100% held ground and farm-in arrangements with other parties.
Talisman believes there is significant potential for the discovery of substantial base metals and gold mineralisation within this land package and has identified a number of areas that show evidence of base and precious metals endowment which have had very little modern systematic exploration completed to date.
Map of the Northern Central and Southern regions of the Lachlan Copper-Gold Project
A comprehensive review of regional geology and all available datasets completed in early 2019 identified more than 40 exploration targets with potential to host significant gold or base metal mineralisation.
A systematic, staged approach is being adopted to progress and test these targets through a gated process of reconnaissance, target development and drilling.
Talisman achieved immediate success at the Lachlan Project with the drilling of its first target at the Blind Calf prospect which returned multiple intersections of high-grade copper mineralisation across mineable widths.
Activities at the project will be ramping up throughout 2021 as targets are progressed through the drilling stage.