Announcement
MINE: NTL: First Gold and Silver sales from Talisman
03:57pm
NTL
06/11/2014 15:57
MINE
REL: 1557 HRS New Talisman Gold Mines Limited
MINE: NTL: First Gold and Silver sales from Talisman
6th November 2014
FOR IMMEDIATE RELEASE
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL)
REVENUES FROM SALE OF 60 OZ GOLD AND 227 OZ SILVER FROM TALISMAN
NTL is very pleased to announce that the company has concluded the first sale
of precious metal in the company's history. Fifty tonnes of ore despatched
from the Talisman Mine site were analysed and found to contain 64.5 ounces of
gold and 227.3 ounces of silver at a recovered grade of 42.56g/t and
150.01g/t respectively. The sale was on commercial terms satisfactory to the
company and will generate revenues of approximately NZ$100,000.
The sale represents another major milestone for the company on its journey
from explorer to producer.
As previously announced the batch of 50 tonnes of ore delivered to the
treatment facility was part of a residual stockpile of high grade ore stored
on the hard stand area at the Talisman mine. Smaller batches removed from
the stockpile over the last 18 months were used to determine the
metallurgical characteristics of the ore that will be produced from the
Talisman mine in future and a preferred treatment process. Samples taken
from the stockpile for earlier laboratory analysis graded 1.5 oz of gold per
tonne and 8 oz of silver per tonne. A further batch of stockpiled high grade
ore will be prepared for treatment following analysis.
CEO Matthew Hill said "This is the first production of commercial gold from
the historical Talisman mine site in over 30 years and represents a
significant milestone for the company."
Matthew Hill
CEO
New Talisman Gold Mines Limited
Direct +64 27 5557737
Matt@newtalisman.co.nz
For more information on New Talisman Gold Mines go to www.newtalisman.co.nz
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About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZSX & ASX: NTL) leading New Zealand
minerals development company with 1890 shareholders who are mainly from
Australia and New Zealand. The company's flagship asset the Talisman mine
holds a JORC compliant mineral resource, a JORC compliant reserve and has
been granted resource consents and access arrangements for the initial phase
of the project. The company is currently initiating bulk sampling at Talisman
and continues to advance the development of the mine. New Talisman's wholly
owned subsidiary Coromandel Gold Limited with a separate management and
board, holds a portfolio of highly prospective mineral interests and gold
properties in the Hauraki and Northland Districts of New Zealand. CGL is
currently working toward establishing itself as a separate listed entity.
Through a subsidiary company, New Talisman Gold owns 20.35% of Broken Hill
Prospecting Limited, which holds a significant cobalt project at Thackaringa,
about 25 kilometres south-west of Broken Hill in Australia and a heavy
mineral sands exploration portfolio.BPL is listed on the ASX (Code: BPL).
More about New Talisman Gold at www.newtalisman.co.nz
End CA:00257342 For:NTL Type:MINE Time:2014-11-06 15:57:24
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