Sign up Australia
Proactive Investors - Run By Investors For Investors

New Talisman's Matthew Hill talks next steps for bonanza gold in New Zealand

More news is pending for New Talisman with the third resource upgrade.
New Talisman's Matthew Hill talks next steps for bonanza gold in New Zealand
New Talisman is a four-bagger over the past two months

New Talisman Gold Mines Ltd (ASX:NTL, NZX:NTL) is one of the best performing stocks in Australia and New Zealand recently, with the current price of A$0.023 making it a four-bagger in two months.

The company is focused on the wholly-owned Talisman Gold Mine located in New Zealand, where two resource upgrades have recently been released.

The third resource upgrade in the Talisman Deeps area is expected shortly.

READ: New Talisman Gold Mines releases another resource upgrade

A catalyst to the positive re-rating was Dubbo Deeps, being the first resource upgrade within the Talisman Deeps area of the mine.

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.

Matthew Hill, chief executive officer, commented: "We are very pleased with the work progress underground by Terra Firma and our NTL team.

"With the gold price in NZ at recent highs and investors recognizing the value of the company, the share price has reacted accordingly.

"We are the best performing junior on the NZX in the last 24 months and continue to go from strength to strength as we progress this world class project towards the extraction phase and beyond.

"The recent international articles have attracted interest from around the world on our project and we continue to see opportunities in projects where we can focus the unique skills in historical epithermal vein systems we have."

Key highlights for the project

- Project progress on schedule and within budget;
- Compressed air system installed and commissioned;
- Water reticulation system in place;
- Revision of mine plan targeting areas identified in the Talisman Deeps Project;
- Bonanza module nearing completion; and
- NZD Gold Price nears $1800 NZD/Oz.

View full NTL profile View Profile

New Talisman Gold Mines Ltd Timeline

Related Articles

cobalt on the periodic table
March 06 2018
Avondale is 13km from the company’s Fifield Project in New South Wales and previous exploration work focused on whether the deposit was rich in platinum group metals.
project area
The Gabanintha Vanadium Project is one of the highest-grade vanadium deposits in the world.
Picture of drill rig
May 03 2018
The Strickland project covers over 100 strike kilometres of greenstone belts and straddles the Evanston and Yuinmery Shear Zones.

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 2018

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