Talisman Mining’s Walkers Hill Project: Major Gold Exploration Underway

Talisman Mining Kicks Off Drilling at Promising Walkers Hill Gold Target

Talisman Mining (ASX: TLM) has commenced a reverse circulation (RC) drilling program at its Walkers Hill Project in NSW, targeting a substantial gold anomaly that has shown promising early signs of mineralisation. This development represents a significant advancement in the company's Talisman Mining Walkers Hill Project exploration efforts.

Drilling Targets Extensive Gold Anomaly with Strong Supporting Evidence

The six-hole, 900-metre RC drilling program is targeting the newly identified Sheepyard Prospect within the Talisman Mining Walkers Hill Project, located approximately 60km northwest of Condobolin in NSW. The program is designed to test what could be a significant gold system characterised by three compelling exploration indicators:

1. An extensive gold-in-soil geochemical anomaly spanning approximately 10km by 2.5km – the largest in the district
2. Previous RC drilling that encountered near-surface gold mineralisation up to 40m at 0.46g/t gold
3. A strong Pole-Dipole Induced Polarisation (PDIP) anomaly lying directly beneath the soil anomaly and previous drill intercepts

The alignment of these three factors creates what Managing Director Andrew Munckton describes as "a stand-out exploration opportunity" for the company, particularly in the current buoyant gold market.

"The Walkers Hill Project contains a large gold-in-soil geochemical anomaly above a significant geophysical IP anomaly. Limited historical, shallow RC drilling at the Sheepyard prospect has intersected broad zones of near-surface gold mineralisation up to 40m at 0.46g/t Au… these features indicate a potentially extensive mineralised system within the Walkers Hill Project that represents a stand-out exploration opportunity for the Company," stated Managing Director Andrew Munckton.

Historical Results Point to Potential Mineralised System

Historical exploration at the Walkers Hill Project has yielded encouraging results that support the current drilling program:

Importantly, all mineralised holes ended in oxide material, with drilling limited to just 60m below surface, suggesting the potential for deeper mineralisation that remains untested. Similarly, S2 Resources has launched a major drilling campaign across multiple projects in Australia, highlighting the current appetite for targeted exploration programs.

Understanding PDIP Geophysical Surveys in Gold Exploration

A Pole-Dipole Induced Polarisation (PDIP) survey is a geophysical method used to identify subsurface mineralisation by measuring how the ground stores and releases electrical charge. This technique is particularly effective at detecting disseminated sulphide minerals that often accompany gold deposits.

When a PDIP survey reveals a strong chargeability anomaly, as seen at the Sheepyard Prospect within the Talisman Mining Walkers Hill Project, it can indicate the presence of sulphide minerals at depth. These sulphides are frequently associated with gold mineralisation, making such anomalies prime targets for drilling.

The Sheepyard PDIP anomaly is especially interesting because it sits directly beneath near-surface gold mineralisation identified in historical drilling, suggesting a potentially larger mineralised system continuing at depth. This methodology has proven successful in other projects, such as where Hammer Metals unveiled major gold-copper discoveries in North Queensland using similar exploration techniques.

Two-Pronged Exploration Strategy Across Multiple Projects

While advancing the Walkers Hill drilling program, Talisman is simultaneously progressing its Yarindury Project, located approximately 30km northeast of Dubbo in NSW. The company recently completed a three-line, 13km ground geophysical survey targeting prominent magnetic anomalies in the southeastern portion of the tenement.

The Yarindury Project is strategically located in what Munckton describes as "elephant country" – situated along the same prospective mineralised corridor as Alkane Resources' Boda-Kaiser Project (20km southeast) and Newmont's world-class Cadia copper-gold mine (100km south). In a similar vein, Austin Metals has begun drilling a promising gold target near top producers, demonstrating the importance of strategic positioning in the industry.

Next Steps and Timeline

Talisman has outlined a clear path forward across its project portfolio:

• Walkers Hill (Current Quarter): Complete the initial six-hole RC drilling program at Sheepyard
• Walkers Hill (September 2025 Quarter): Based on results, plan follow-up work at Sheepyard, initial geophysical surveying at Maroonbah, and further exploration of other prospects along the Walkers Hill Trend
• Yarindury (Current Quarter): Process and interpret data from the recently completed IP-MT geophysical survey
• Yarindury (September 2025 Quarter): Drill test targets generated from the geophysical survey

Gold Exploration Fundamentals: Targeting Techniques at Walkers Hill

The Talisman Mining Walkers Hill Project showcases a textbook approach to modern gold exploration. Gold deposits rarely present themselves at surface, requiring explorers to rely on a combination of indirect indicators to guide drilling decisions.

Gold exploration typically follows a staged approach:

1. Regional targeting: Identifying areas with favourable geological settings for gold mineralisation
2. Surface geochemistry: Collecting and analysing soil, rock, or stream sediment samples to detect subtle gold anomalies
3. Geophysical surveys: Using techniques like PDIP to detect physical properties of rocks that might indicate mineralisation at depth
4. Drilling: Testing the most promising targets with drill holes to confirm the presence of gold mineralisation

The Sheepyard Prospect within the Walkers Hill Project demonstrates this methodology perfectly, with soil geochemistry highlighting a substantial gold anomaly, historical drilling confirming near-surface mineralisation, and geophysics suggesting potential for a larger system at depth. Recently, Sunshine Metals intercepted promising gold-silver veining at their Tigertown project using similar targeting techniques.

Investment Thesis: Why Talisman Mining Warrants Attention

Talisman Mining presents an attractive investment proposition for several compelling reasons:

1. Multiple Discovery Opportunities: The company is advancing two projects with distinct geological settings – gold targets at Walkers Hill and copper-gold porphyry potential at Yarindury

2. Strategic Location: Both projects are situated in prolific mineral districts with proven large-scale deposits nearby

3. Strong Technical Approach: The company is applying a methodical exploration strategy, using modern geophysical techniques to refine targets before drilling

4. Significant Scale Potential: The Walkers Hill gold-in-soil anomaly spans 10km by 2.5km, suggesting potential for a substantial mineralised system if proven by drilling

5. Near-Term Catalysts: With drilling underway at Walkers Hill and results pending from the Yarindury geophysical survey, investors can expect regular news flow in the coming months

For investors seeking exposure to gold exploration with near-term drill results, complemented by copper-gold porphyry potential in a world-class district, Talisman Mining offers a compelling opportunity at a time when both gold and copper markets are showing strength. Furthermore, the resource sector is seeing increased investment activity, as evidenced by Vital Metals securing funding to advance their rare earth project, highlighting the current appetite for quality resource opportunities.

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