NTL - New Talisman Mine - New board & Directors

[digger]

Ask Snoopy to work it out

Try back to no one knows.
It is the uncertainty that makes up the sharemarket. If it is certainty you must have then wait until after the event and all will be clear. If it is a failure you will have saved your money,if a roaring success then expect the SP to be a little higher than it currently is.

Your call. If you want certainty you then exit the sharemarket as you have come to the wrong place.

[Lewylewylewy]

Lol 😂

Still, we're not all here guessing... we're trying to predict, which is the difference. If 99% of bulk sampling ventures fail, this opportunity isn't very exciting. If 60% hit big, the shares are more attractive as a punt.

I was hoping that among all our resources, we might have someone with some knowledge about mining. I'm surprised that we have so many gamblers here (not judging... I use my gut as a significant part of my assessment, myself. I'm a big believer that the subconscious part of the brain can be very powerful if used correctly).

[Kees]

Lol ��

Still, we're not all here guessing... we're trying to predict, which is the difference. If 99% of bulk sampling ventures fail, this opportunity isn't very exciting. If 60% hit big, the shares are more attractive as a punt.

I was hoping that among all our resources, we might have someone with some knowledge about mining. I'm surprised that we have so many gamblers here (not judging... I use my gut as a significant part of my assessment, myself. I'm a big believer that the subconscious part of the brain can be very powerful if used correctly).

Why dont you have a look at h/c robbo's post will tell you all you need.

[Placemakers]

Lol 

Still, we're not all here guessing... we're trying to predict, which is the difference. If 99% of bulk sampling ventures fail, this opportunity isn't very exciting. If 60% hit big, the shares are more attractive as a punt.

I was hoping that among all our resources, we might have someone with some knowledge about mining. I'm surprised that we have so many gamblers here (not judging... I use my gut as a significant part of my assessment, myself. I'm a big believer that the subconscious part of the brain can be very powerful if used correctly).

not too sure what your question is, if it's relating to the estimate production cost per OZ, it's given in previous announcements (https://www2.nzx.com/companies/NTL/announcements/235336) Robust C1 cash cost of US$588/oz and C3 Cash cost of US$1075/oz – well below current prices,

Some people done their own calculation in this forum if you go back some Pages

[Paint it Black]

Rocked up for full entitlement of shares ....would have subscribed for more but got another cap raise at the moment that I wanna put some $ in too. Ok only a shade under 2m shares total but becoming a bigger part of my portfolio

OK I'm in for 6 times that - the time has come to get the show on the road. Who else is prepared to put their money down - there are massive upsides both with the bulk sampling (especially if funding permits acceleration), Amer interest, Phase 1, ongoing exploration, the Rahu JV and BPL (16% holding and their SP is rising quickly)? The SP must surely rise above 0.5c over the next 6 months.

[Landyman]

Looks like we will have some nice announcements for the next few weeks, pretty much until the $ rights are done.

NTL
08/06/2016 11:18
MINE
PRICE SENSITIVE
REL: 1118 HRS New Talisman Gold Mines Limited

MINE: NTL: Talisman exploration data update

8th June 2016

FOR IMMEDIATE RELEASE: ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX,
NZSX: NTL]

HISTORIC DATA SHOWS INCREASED DUBBO POTENTIAL AND ENHANCED TARGET AREAS AT
TALISMAN
Talisman Exploration Potential
The Company sees a significant upside to the whole Talisman project from
increased exploration potential based on further analysis of its own
exploration data and incorporating historic data now available to it. This
follows acquisition a large amount of historic data in 2015 that was not
previously available. Analysis is ongoing but preliminary results are
extremely encouraging.
Work over the last several years has focused on obtaining the necessary
consents and permits for the staged development of the Talisman Mine. Now
that this is well advanced it is timely to look to the future to increase
mine life and future production.
Once its development targets are reached the company plans to use surplus
funds to expand its exploration to increase gold resources within the
Talisman Permit area which is part of the 4km by 3km epithermal gold system
that the Talisman and Rahu gold projects lie within.
Exploration attention will be directed in the immediate future to those areas
that are likely to be more accessible from within areas slated for early
development. These are:
o Extensions to the Dubbo Zone, mainly at depth
o The Mystery Vein and its possible northward extensions in the Roderick Dhu
workings around 600m north.
o The Sutro workings to the east of the
o The Crown Mine above 5A Level
o Crown Mine
A number of other exploration targets exist namely, Talisman Depth
Extensions, Talisman South, Taukani Hill, Crown-Welcome Depth Extensions, the
Comstock workings, Dominion Knoll.
Reference in the following text to targets, exploration targets,
mineralisation, extensions to resources, exploration potential are defined as
Exploration Targets in the 2012 JORC Code and that the potential quantity and
grade is conceptual in nature, that there has been insufficient exploration
to estimate a Mineral Resource and that it is uncertain if further
exploration will result in the estimation of a Mineral Resource.
The historic data being cited here is based on examination of old mine plans,
drawings and digital data. Information on quality control procedures,
analytical methods, sampling methods are not known and have not been
verified.
Exploration Targets
Dubbo Zone
The Dubbo zone occurs on the Maria Vein some 800m inside the mine along No 8
Level and is the largest of the mines existing ore blocks containing some
145,000 oz gold of the mines 204,600 oz mineral resource at an average gold
grade of 10.1 g/t Au.
Of particular significance to immediate extensions to the current resource is
that the historic data acquired in 2015 includes plans showing data that
suggests potential depth extensions of the Dubbo Zone.
One such plan, thought to have been compiled circa 1919, is a long section of
the Talisman Mine showing the results and location of approximately 2142
channel samples that were taken up rises and winzes within the mine. As was
the convention of the day, the grade of these samples is presented as the
cash value of bullion (combined gold and silver) contained in a ton of ore
based on a gold price of ?4.25 per troy ounce.
From the records gold:silver ratios range generally from 1.4 to 1:6 with
considerable variation. Hence in analysing the data the prevailing gold price
at the time of ?4.25 per troy ounce has been used as the best method to
convert the cash values to equivalent gold ounces.
The data shows the results of 541 samples taken in raises from 10, 11, 12 and
13 Levels immediately below the occurrence of the Dubbo zone on No 8 Level.
Analysis of all these samples yields a mean of 13.26 g/t gold equivalent.
Using a 3.0 g/t Au lower cut off to these samples yields a mean of 28.61 g/t
Au equivalent within a sample range of 125.17 g/t. This lower cutoff is the
same as applied in the company's ore reserve calculations.
This grade is significantly higher than the 10.1 g/t Au value in the
company's mineral resource estimate for the Dubbo and demonstrates potential
upside for production planning. The extension of the Dubbo Zone lies
immediately below workings planned in the Five Year production plan and can
be readily accessed by extending the planned ramp system downwards at a very
small incremental capital cost.
While the quality control and assurance procedures in place at the time that
the samples were taken cannot be verified and the data cannot be used to
generate mineral resource or reserve estimates that will comply with the
requirements of the JORC code, the information certainly confirms the
company's view that the Dubbo Zone extends further to depth and that this
zone will play an important role in the future operational plans of the mine.

Mystery Vein
The Mystery Vein is a high priority target for development and will be tested
as part of the bulk sampling phase.
It was discovered in the late 1980's when Keillors Crosscut was driven to
connect the Talisman 8 Level with the Crown Mine 5A Level to provide
ventilation flow. The previous mine owners drove on the Mystery Vein 30m
north and 20m south of Keillors Crosscut.
NTL have channel sampled and drilled 3 diamond holes. There is currently a
small resource of 10,300 oz Au and 17,100 oz Ag. The vein lies between the
Maria and Welcome/Crown Veins approximately 200m east of the Maria Vein. Its
orientation, width and character are consistent with the two main veins mined
historically.
Examination of surface and underground geochemical sampling results from the
newly acquired historic data shows the possibility that the Roderick Dhu
veins that occur around 600m north of the Mystery vein may well be the same
vein system.
NTL has long speculated that this might be the case and analysis of the new
data supports this. The grades recorded in the historical data set from 39
surface outcrop and underground channel samples range from below detection to
84.0 g/t gold with an average of 11.89 g/t Au and 107.4 g/t Ag. Sample widths
range from around 10cm to 1.8m and average 0.4m.
Crown Mine above 5A Level
The Crown mine which historically extracted gold from two main veins the
Welcome and the Crown has JORC 2004 compliant measured, indicated and
inferred resources of 29,500 oz gold and 59,400 oz silver delineated.
This was based on channel sampling carried out by NTL in 2004 on the 5A level
which runs parallel to the Talisman mine 300m to the west. The 5A Level has a
known length of over 500m. Most historic mining occurred below the 5A level
with limited prospecting drives on the surface. NTL have seen the
continuation of the Crown Vein between this level and the surface
approximately 180m above as an exploration target that if results warranted
could be accelerated into production.
Examination of the historic data from 123 surface or near surface samples of
the Crown Vein show that what appear to be mainly channel samples, to be
averaging 10.47 g/t gold, 19.0 g/t silver with an average sample width of
0.86 metres. Sample widths ranged from 0.1m to 3.0m, while gold grades range
from 0.05 g/t to 147.5 g/t.
Sutro Workings
The Sutro workings lie approximately 100m east of the Crown Mines surface
outcrop. These appear to be a southward extension of the north east trending
Imperial veins. Their significance is now apparent from the historic data and
they require further work to develop the target but do demonstrate the
potential for the permit area.
Preliminary observations are that the veins in the Sutro workings from which
39 channel samples were taken range in gold values

[bullish]

Wow.

Spectacular grades. I'm no geologist but with targets like that they could be onto a huge development.

[Landyman]

Wow.

Spectacular grades. I'm no geologist but with targets like that they could be onto a huge development.

Amazing. I even got an email direct from NTL company secretary today (as you all probably did). Communication issues resolved, maybe they just got Outlook ;-)

[bullish]

Amazing. I even got an email direct from NTL company secretary today (as you all probably did). Communication issues resolved, maybe they just got Outlook ;-)

I get them every announcement and have done for years....did you just get outlook?

[gmatt]

Think they've upgraded their systems ............ I have held quite a few NTL for 4 years and yesterday my first direct email ..... good to see!!
More importantly..... they've extended the rights takeup date and hopefully they get the cash to do the necessary ..... next few months will be very interesting with hopefully a good rise in the SP.