Talisman Metals (AIM:TLM), the AIM-listed mineral exploration company, said its ongoing drill campaign at the Tirzzit copper project has already intersected visible copper mineralisation.
The company had drilled 187 metres of the planned 2,770-metre programme as of 11 September.
Malachite, a green copper-bearing mineral, was identified in reverse circulation (RC) drilled material from the first hole.
The first batch of samples will be sent for assay analysis within the next week, with results expected four to six weeks after that.
"We just started our drill programme, and we are already intersecting visual copper mineralisation within the Tirzzit sediment-hosted deposit," said chief executive Tim McCutcheon, adding that "the pace of drilling is set to accelerate."
The company said blank, duplicate and standard samples have been inserted into the sequence under its quality assurance and quality control protocols, with no issues detected so far.
Visible malachite indicates near-surface copper mineralisation but does not confirm grade or economic significance; that will depend on the assay results due within the coming weeks.
News Intelligence what this means for the company
Talisman has intersected visible malachite (a copper mineral) just 187 metres into its 2,770-metre reverse circulation drill programme at Tirzzit, with assay results due in four to six weeks. Visible mineralisation at surface is encouraging but does not confirm grade or economic viability—the assay results will determine whether this early intersection translates into a material discovery.
Early visual copper in the first hole validates the exploration target and supports the case for the Tirzzit project, but the investment thesis remains entirely dependent on assay grades and the scale of mineralisation that emerges over the coming weeks as drilling accelerates through the 2,770-metre programme.
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