Talisman Mining Starts Drilling 5km Gold Corridor Near Tomingley, Results Due December
Key Takeaways
- Talisman has started a 2,500m aircore program at its 100%-owned East Peak Hill prospect, with drilling due to finish by the end of October 2026.
- First results are expected by early December 2026, giving investors a defined window for the next news flow.
- The program tests a ~5km gold corridor along the same stratigraphic succession that hosts Tomingley and Peak Hill, using up to five drill lines across the EPH1 and EPH2 targets.
- The best earlier result cited is 3m at 1.75g/t Au from 33m, and Talisman holds no stated resource at East Peak Hill, so this remains early-stage exploration.
- An RC rig is secured for the Sheepyard Gold Prospect to test a deeper IP anomaly, but no start date has been given.
Aircore drilling commences at East Peak Hill gold prospect
Talisman Mining (ASX: TLM) has started a 2,500m aircore (AC) drilling program at its 100%-owned East Peak Hill (EPH) Prospect, part of the Macquarie Project in NSW. The program follows earlier drilling at the site.
Drilling is scheduled to be completed by the end of October, with first results expected by early December. For investors, that gives a clear window for the next piece of news flow from this prospect.
East Peak Hill sits immediately east of the Peak Hill Gold District. It is also south of Alkane Resources’ (ASX: ALK) Tomingley Gold Project, which has a stated 1.36Moz at 2.2g/t Au. That figure relates to Alkane’s project, and the announcement does not state that Talisman holds any resource at East Peak Hill.
Todd Ross, Managing Director
“We are pleased to be back on the ground at East Peak Hill following weather-related delays that restricted access to parts of the project area for an extended period…”
Ross said conditions had improved, allowing systematic testing of the ~5km gold mineralised corridor, with first results expected in early December.
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Targeting a ~5km gold mineralised corridor
The current phase is designed to further evaluate a ~5km long gold mineralised corridor identified in previous drilling programs. Think of it as a long strip of ground where earlier holes have already hinted at gold, and this round aims to test it more systematically.
Why the geology matters
The gold mineralisation has been defined along the prospective contact between a package of volcaniclastic rocks and the sedimentary Cotton Formation. The company interprets this as the same stratigraphic succession (the sequence of rock layers) that hosts Tomingley and Peak Hill.
Previously reported results include 3m @ 1.75g/t Au from 33m (EPAC0003), from the company’s 20 May 2026 announcement. That is an earlier result, not part of the current program.
East Peak Hill sits on EL9395, approximately 10km south-east of the Tomingley Gold Operation.
What is an aircore program?
Aircore is a drilling technique used early in exploration. It is generally used to test broad areas quickly and help define targets before deeper, more expensive drilling is planned.
What that means for you: this is early-stage work. Results will guide where, and whether, further drilling is placed.
Two targets, up to five drill lines
The current AC program comprises up to five drill lines testing two key target areas. The table below summarises what the announcement says about each.
| Target | Drill lines | Purpose | Background |
|---|---|---|---|
| EPH1 | Part of up to five drill lines across both targets | Step out to the north and south to test for extensions of the gold mineralisation | Previous Talisman AC drilling across the prospective contact intersected strongly anomalous gold, in an area interpreted as structural complexity (a “jog” structure) |
| EPH2 | Three drill traverses planned | Complete systematic testing of the targeted gold corridor | Previous attempts to drill this area were impeded by significant rain events |
A “jog” structure is a kink or step in the rock structure. The company interprets it as an area of structural complexity, which is why follow-up holes are being stepped out on either side.
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What’s next for Talisman?
The announcement sets out the following near-term steps:
- AC drilling is scheduled to be completed by the end of October 2026.
- First EPH results are expected by early December 2026.
- Reverse Circulation (RC) drilling is being prepared at the Sheepyard Gold Prospect, within the Lachlan Fold project portfolio, to test the deeper IP anomaly generated previously by Talisman. An RC rig has been secured, with no start date given and further updates to be provided “in due course.”
Together, these give Talisman two active gold targets across NSW’s Macquarie Arc and Lachlan Fold regions, with a defined results window for East Peak Hill. Talisman’s wider portfolio also spans the Macquarie Arc, which hosts operations such as Cadia Valley, North Parkes, Cowal and Tomingley, and the Cobar/Mineral Hill region.
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