PERTH (miningweekly.com) – Junior New Talisman Mines has sold its first precious metal from the Talisman mine, in New Zealand.
The ASX-listed company said on Thursday that 50 t of ore, containing 64.5 oz of gold and 227.3 oz of silver had been dispatched from the Talisman mine, generating revenues of some NZ$100 000 for the company.
The ore formed part of a residual stockpile of high-grade ore stored on the hard stand area at the mine. Smaller batches removed from the stockpile over the last 18 months have been used to determine the metallurgical characteristics of the ore that would be produced from the Talisman mine in future, as well as the preferred treatment process.
A further batch of stockpiled ore would now be prepared for treatment, following analysis.
The Talisman mine is the second largest historic gold producer in New Zealand with production of one-million ounces of gold and three-million ounces of silver. Previous underground drilling and channel sampling delineated a Joint Ore Reserves Committee-compliant inferred resource of 205 000 oz gold at a grade of 6.9 g/t and 800 000 oz silver at a grade of 27 g/t.