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New Talisman Gold Mines Ltd.
Summary
| Project: | Talisman | |
|---|---|---|
| Deposit: | Talisman | |
| Location: | New Zealand | |
| Commodities: | Gold | |
| Date: | 6/24/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-6-2020: New Talisman Gold Mines Ltd. announces a Resource Estimation report for its Talisman deposit at the Talisman project. Updated Mineral Resource Estimate for Project. The Board of New Talisman Gold Mines Limited, (NTL) is delighted to announce th | |
| Resources: | (Resources, I+I): 660kt @ 19g/t Au (350koz Au) | |
| CP/QP: | [Resource] Jackie Hobbins (Hobbins Consulting Ltd.) | |
| ABSTRACT: | The Board of New Talisman Gold Mines Limited, (NTL) is delighted to announce the results of the latest Mineral Resource Estimate, (MRE) for the Company’s 100% owned asset, the Talisman Mine. Additionally, the resulting review of the 2019 MRE by a world class independent expert has now been completed and the results outlined in this report. Following completion of the 2017 MRE which increased the Talisman resource from a previous estimate in 2004 of 920,000t at an equivalent bullion grade of 7.8 g/t Au to 950,000t at 15 g/t equivalent bullion grade, an overall increase of 240,000 equivalent bullion oz, the company undertook to update the mineral resource estimate for the Maria and Mystery veins as new information became available. The update included all the previous resource areas with the exception of the Crown resource which remains at 31,000 equivalent bullion ounces. This update includes all geochemical and geotechnical data and incorporates new survey data gathered by the Company during the reopening of the mine’s No 8 level. It incorporates several recommendations made by GEOS Mining during their independent review of the 2017 MRE as well as those recommendations made by AMC following their review of the 2017 MRE also being adopted in the update undertaken in 2019. | |
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