NTL new talisman gold mines limited

This is loaded with new positive information. I was going to...

  1. 17 Posts.
    This is loaded with new positive information. I was going to take some profits, but may hang in another 60 to 90 days

    My initial take aways are
    1. The resource upgrade at Woodstock and Dubbo Deeps, and the Bonanza module to be released in the next 10 days
    2. "
    we are very excited by the potential for further resource enhancements in the coming days, particularly given the ability under our resource consent to extract up to 100,000 Tonnes of ore per annum. "
    3. Dubbo Deeps:
    I guestimate could be up to another 122k ounces based on following "A further area of 27,000m2 on the plane of the ore body has been identified as a Exploration Target. Information available indicates that this area is likely to yield a vein width of between 1.6m to and 2.2m (109,000 to 150,000 tonnes) with AuEq grades ranging between 14.0g/t and 23.0 g/t. This target constitutes a global Exploration Target as defined in the 2012 JORC Code"
    4. Woodstock Deeps: I guestimate could be up to another 200K ounces based on following "
    A further area of 206,000m2 on the plane of the orebody has been identified as a Exploration Target. Information available indicates that this area is likely to yield a vein width of between 1.6m to and 2.4m (827,000 to 1,240,000 tonnes) with AuEq grades ranging between 2.70g/t and 5.35g/t. This target constitutes a global Exploration Target as defined in the 2012 JORC Code "
    5.
    Even more upside, note Crown is 100m to the east: "It is important to note that the Talisman and Bonanza Zones have not been included in previous resource estimates. However, evaluation of the historic channel sampling and considering recorded production and stope volumes there are a number of areas where there are unmined blocks of potentially economic grades remaining. NTL’s engineering team is currently evaluating the ability to access these areas during prospecting and bulk sampling. The final stage will be a more detailed analysis into the remaining area CROWN which will take approximately 60-90 days. "
 
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