Sign up Australia
Proactive Investors - Run By Investors For Investors

New Talisman Gold Mines responds to ASX after share price spike

Shares in New Talisman are up 420% year to date, currently priced at $0.026.
New Talisman Gold Mines responds to ASX after share price spike
The third resource upgrade in the Talisman Deeps area is expected shortly

New Talisman Gold Mines Ltd (ASX:NTL, NZX:NTL) has been one of the best performing exploration stocks of the past few months.

The company's share price last traded at $0.026, nearly five times its value from just two months ago.

New Talisman received an ASX price and volume query based on yesterday's trading, when the stock jumped 38% intra-day to $0.025.

The company responded saying it is not aware of any information which could explain the recent trading.

Recent resource upgrades

While mine development work continues at the 100%-owned Talisman Gold Mine located in New Zealand, two resource upgrades have recently been released.

The resource upgrades pertain to three modules within the Talisman Deeps area of the mine.

The two modules to have been recently upgraded were the Dubbo Deeps and Woodstock modules and the third and final resource upgrade is expected over the coming days.

The third Bonanza module as well as any further resource updates including Mystery and
Crown will be included in an updated pre-feasibility study and ore reserve statement.

Dubbo Deeps was a major catalyst

Dubbo Deeps was the first resource upgrade within the Talisman Deeps area of the mine and has been a driver of the share price.

The new JORC resource was doubled in size to 312,800 ounces at 21.98 g/t gold.

The grades established of up to 146.2 g/t gold for an average of 21.98 g/t gold place this deposit as one of the highest grade mineral resources in New Zealand and ranks in the top 5 worldwide.

The dramatic increase in Dubbo resources ultimately proved the company’s long-held belief that there is significant remaining ore at depth.





Register here to be notified of future NTL Company articles
View full NTL profile View Profile

New Talisman Gold Mines Ltd Timeline

Related Articles

Great Boulder Resources' Stefan Murphy at the Proactive's CEO Sessions
September 15 2017
Stefan Murphy discussed the highly anticipated Mt Venn next steps at Proactive's CEO Sessions.
Wolf quarterlies highlight progress with Hemerdon tungsten project
January 31 2017
Wolf has restructured debt and secured a firmer hold on its operating Hemerdon tungsten project in Devon
Intermin Resources: Access latest PPT from Proactive's CEO Sessions
April 13 2017
Jon Price talked funding drilling program in world-class region with investors.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use