New Talisman Commences Mining Activities

https://www.nzx.com/announcements/324144

Traffic management Plan approved;
• Activities under resource consent commenced
• Extraction of 5 Tonnes from face of Mystery vein complete;
• Sampling demonstrates extensions of the high-grade gold mineralisation
• Main fan, control room and generator commissioned
• Underground machinery on site and commencing work
• Ore Transport to commence
The board of New Talisman Gold Mines is delighted to announce it has officially commenced its consented mining activities under the resource consent granted in 2013.
The first activities under the resource consent excavated 5 tonnes of ore from face of the Mystery vein and extended the face of the drive by a meter. Results of sampling of the muckpile demonstrate the presence of high-grade ore up to 24g/t gold.
CEO Matthew Hill said “It is hoped that excavation deeper into Mystery over the will provide further confidence as to the extent of the Mystery vein. The long-held belief that the Mystery vein continues in line with the main vein system provides the potential for a significant uplift in resources and ultimately reserves.”
The company is pleased to also announce that the Traffic Management Plan (TMP) has been approved by the Hauraki District Council. Implementation of this TMP allows the company to:
• Commence mining activities underground at its Talisman mining operation;
• Extract ore from the Mystery and Maria Veins by drilling and blasting; and
• Convey this material to the surface of the mine and transport the ore from site to a processing facility.
The consent allows up to 20,000 cubic metres per annum of ore to be extracted.