Rahu resource declared and application lodgedNew Talisman Gold Mines today announces that it has filed an application for an Extension of Land (EOL) to incorporate the Rahu exploration permit into the Talisman mining permit (MP51326) following a resource being declared over Rahu. NTL have worked diligently with an independent geologist and believe that the criteria set out in the minerals program in order to apply for an EOL have been met.
Key to these criteria is the declaration of an indicated resource. An independent report filed with the application declares an inferred and indicated resource of 2,394,573 tonnes at 0.54g/t gold for 41,591oz gold using a cutoff grade of 0.3g/t and 258,419oz Ag. This has been based around the extensive work conducted by NTL over the period it has held the Rahu exploration permit. The Company has applied for the EOL as a contiguous piece of land to the Talisman MP. This required successfully obtaining consent to overlap a small piece of land held by another mining company. The resources are tabulated below.
Full release including resource table and Refer Appendix 1 :Jorc Code, 2012 edition – Table 1 is attached.