Well in fear of missing out, I will place some Euros on red tonight for out NTL friends in the Grand Casino :t_up:
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Thanks very much- keep us posted and have a great time. Presume you will be buying into
NTL with all the winnings. Where did you park your yacht?:)
You'd have to think that access to Newmont's mill at Waihi would be very useful. Maybe the higher grades they found mean that they're able to offer a bit more for treatment at a mill. It sounds like Stuart Rabone is sending his ore there, from Broken Hills mine. The Broken Hills ore is certainly going somewhere in Waihi, according to a recent press article.Quote:
New Talisman in talks for processing Talisman ore
12 July 2013
The company holding the historic Talisman gold mine at Karangahake is continuing talks with New Zealand and Australian miners for treating its high grade gold-silver ore.
In an update statement this week New Talisman Gold Mines Ltd (NZX & ASX: NTL) said it was looking at options for toll treating ore from the planned re-opening of Talisman which was one of New Zealand’s major historic precious metals producers.
Karangahake is only a few kilometres from Waihi where Newmont Waihi Gold has a major gold plant for its operations. However, talks in the past have failed.
The company’s pre-feasibility study on Talisman was completed in March and this identified the opportunity for a small scale mine as a precursor to an expanded operation.
As reported before, New Talisman said a small scale mine would provide a low risk approach to rehabilitating parts of the mine and establishing operations to generate short term cash flow while undertaking further evaluation work to increase the resource base.
A feasibility study on Talisman is the next step in project development.
As an integral part of this the company will undertake a metallurgical sampling programme to recover bulk ore samples from the resources targeted for early mining.
Executive director Matthew Hill said planning for this stage is now complete and has been presented to the board.
The work programme consists of three parts namely establishing the surface infrastructure to support underground operations, refurbishment of the underground workings to provide safe access for sampling, and metallurgical sampling via a series of small drives developed on the ore.
Rock specimens from the BM37 Bonanza zone were sent for chemical analysis at SGS New Zealand’s Waihi laboratory and provided significant gold and silver assays.
Hill said an independent geometallurgical report on these rock specimens suggests testwork to assess the “recoverability of gold via gravity concentration and flotation methods is essential.”
Negotiations with consenting agencies for the planned low impact bulk sampling are progressing.
Hill said funding discussions for the “low capital required for the bulk sampling phase” have begun.
Hill said: “It is a clear advancement of the company’s steps toward production in a climate where other developers are unable to advance their projects particularly in NZ. With considerable flexibility in the high grades of Talisman the project appears well shielded from the current depressed gold price.”
On the other hand, if the vein grades are consistently very high, a quite small milling system might not be too hard to build up.
Hello from Paris now!
Managed to pay for half the hotel room in Monte Carlo on black jack, had a man next to me betting 1000 euros a hand which was astounding! Put the roulette bet down but no good! Good thing it wasnt my whole budget! Good fun though, definately recommend it! The glamor and wealth is fun to watch and day dream about!
Seems NTL gas dropped away again but as expected. I feel im going to hold until atleast early mext year before I concider anything. Got to give it time to mature. So this price fluctuation doesnt bother me!
Wont be back in NZ for another week or so, so keep the support up while im gone ;)