Talisman Mining Ltd is pleased to advise that it has identified two new nickel-copper-PGE targets at its Livingstone Project, located 130km north-west of Meekatharra in Western Australia’s Murchison region. The Livingstone Project consists of three large Exploration Licences covering an area of 208km² over the western extension of the Proterozoic-aged Bryah Basin and is centred along a major crustal-scale shear zone at the northern margin of the Yilgarn Craton.The Livingstone Project has a demonstrated gold endowment over a strike length of more than 31km, as shown by a series of significant high-grade gold intercepts returned from historic Reverse Circulation (RC) and rotary air blast (RAB) drilling.

During 2012, Talisman completed detailed mapping and extensive soil sampling over major structures at Livingstone thought to be prospective for gold and base metal mineralisation. 3D geophysical inversion modelling was also conducted to gain a better understanding of the 3D geological architecture across the Livingstone Project.
 A review of this work has identified two prominent ovoid, magnetic bodies - Kerba and Homestead - which are thought to be related to mafic-ultramafic bodies intruding (and/or possibly feeding) the Narracoota Volcanic sequence. Both features appear to have intruded along a major craton margin shear zone, and this geological setting is interpreted to be prospective for Voisey’s-Bay style magmatic Ni-Cu-PGE sulphide mineralization in mafic-ultramafic intrusive rocks.

Historic regional soil sampling by Talisman over the Kerba Prospect returned coherent nickel-copper-PGE anomalism (>500ppm Ni) over three 400m spaced lines with Ni values up to 1442ppm, Cu to 70 ppm and Pt+Pd up to 20ppb. Historic soil sampling undertaken at the Homestead Prospect was not primarily focused on the principal magnetic target, however where samples were taken nickel values greater than 500ppm were reported. A detailed soil sampling programme comprising approximately 800 samples on a 100m x 50m grid has now commenced over both Prospects with the aim of better defining Ni-Cu-PGE geochemical targets for possible follow-up ground electromagnetic surveys and RC drilling.