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New Talisman Gold Mines Ltd.
Summary
| Project: | Talisman Deeps | |
|---|---|---|
| Deposit: | Woodstock | |
| Location: | New Zealand | |
| Commodities: | Gold | |
| Date: | 7/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 25-7-2017: New Talisman Gold Mines Ltd. announces a Resource Estimation report for its Woodstock deposit at the Talisman Deeps project. Mineral resource at woodstock increased by 25%. New Talisman Gold Mines Ltd (ASX:NTL, NZX:NTL) today announced a substa | |
| Resources: | (Resource, Total): 203kt @ 6.3g/t AuEq for 41koz AuEq contained at Woodstock | |
| 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 second module pertaining to the Talisman Deeps project in the Coromandel region of New Zealand. As previously announced the deeps modules are near completion with a total of three modules, covering the Dubbo, Woodstock and Talisman/Bonanza Zones of the Maria load due for completion by the by 31 July. Once these are complete work will commence on upgrading the Mystery and Crown vein estimates to achieve JORC 2012 reporting compliance. Charbel Nader Chairman of New Talisman stated “The work on the New Talisman Deeps resource modules has been an exciting and promising development for the company. As the results are exceeding original expectations the company may potentially review the manner and or timing of the exploitation of these resources. Once all the modules are complete we will review the options available with a view to maximising shareholder value and delivering benefits to all our stakeholders and the broader community. We are very grateful for the continued support of the community, the regulatory authorities and local businesses in the continued development of this world class asset.” This announcement pertains to the second module of the Talisman deeps Resource upgrade and is reported in compliance with the 2012 version of the JORC Code. The remaining Bonanza Module is on target for completionin the coming days. | |
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