New Talisman Gold Mines also has an extensive tenement holding along the eastern side of the Martha open pit and Favona underground mine.

The Golden Valley permit forms a broad strip of land immediately adjacent to Newmont’s Waihi operations. It includes several structures that appear to be analogous to those on Newmont’s land holdings.

Golden Valley covers 50 square kilometres east of the Martha and Favona mines, extending almost to the coast. Geological mapping, geochemical sampling, airborne and ground magnetic surveys have indicated several hydrothermal alteration zones.

Anomalies found by previous high-resolution geochemical survey indicate the presence of gold and good correlation with previous geophysical surveys.

Current geochemical and seismic surveys will define drilling targets.