NTL
29/09/2014 09:48
MINE
REL: 0948 HRS New Talisman Gold Mines Limited
MINE: NTL: Stockpile sample results
29th September 2014
FOR IMMEDIATE RELEASE
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL, NTLOA or NTLO)
STOCKPILE SAMPLE RESULTS
New Talisman Gold Mines today announces that it has received the results of
the from the company's recent sampling of ore stockpiles, part of which are
currently awaiting treatment. Grades from the ore stockpiles revealed an
average grade of 1.5 oz of Gold per ton.
These results will set the foundation for the commercial terms on processing
the first batch of ore which currently sits at Newmont Waihi in preparation
for treatment.
Matthew Hill said "We are pleased with the sampling results showing very high
grades in what was a remnant stockpile from historical mining. We look
forward in the very near future to finalising the treatment of the first ore
from the Talisman mine since our company has held the permit. All revenues
from the contained gold will be invested back into the mine development as we
push toward production."
Matthew Hill
CEO
New Talisman Gold Mines Limited
Direct +64 27 5557737
[email protected]
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:00255799 For:NTL Type:MINE Time:2014-09-29 09:48:03
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