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New Talisman Gold Mines Ltd.
Summary
| Project: | Talisman Deeps | |
|---|---|---|
| Deposit: | Dubbo | |
| Location: | New Zealand | |
| Commodities: | Gold | |
| Date: | 7/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 12-7-2017: New Talisman Gold Mines Ltd. announces a Resource Estimation report for its Dubbo deposit at the Talisman Deeps project. Mineral resources at Dubbo Zone doubled. New Talisman Gold Mines Ltd (ASX:NTL, NZX:NTL) today announced a substantial upgra | |
| Resources: | (Resource, Total): 382971t @ 21.98g/t AuEq for 312.829koz AuEq contained at Dubbo Zone | |
| CP/QP: | [Resources]: Murray Stevens, Wayne Chowles (Internal) | |
| ABSTRACT: | New Talisman Gold Mines Ltd (ASX:NTL, NZX:NTL) today announced a substantial upgrade to its gold resources after the completion of the first module pertaining to the Talisman Deeps project in the Coromandel region of New Zealand. Resource modelling of the Dubbo Zone has resulted in Measured, Indicated, and Inferred resources increasing to 312,800 oz gold equivalent (Au Eq) at a grade of 21.98g/t Au Eq. This is an increase of 102% over the 2004 resource estimate of 140,600 oz gold and 445,800 oz Ag for this zone (154,690 oz Au Eq). Reporting standards are compliant with those set out in the 2012 version of the JORC Code. Matthew Hill said – The grades established of up to 146.2g/t for an average of 21.98g/t places this deposit as one of the highest grade mineral resources in NZ and ranks in the top 5 worldwide. The dramatic increase in Dubbo resources ultimately proves our longheld belief that there is significant remaining ore at depth. The data compilation and resource modelling has brought a much greater understanding of the mine and sets a very positive platform for long term mine development at Talisman. Work at site continues to progress underground and is on budget and ahead in project timelines. “ | |
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