Announcement
MKTUPDTE: NTL: PRELIMINARY PILOT PLANT RESULTS
09:28am
NTL
20/09/2019 09:28
MKTUPDTE
PRICE SENSITIVE
REL: 0928 HRS New Talisman Gold Mines Limited
MKTUPDTE: NTL: PRELIMINARY PILOT PLANT RESULTS
Significant Gold Concentration Achieved in Pilot Plant
The Board of New Talisman Gold Mines Limited is delighted to announce that
positive results have been achieved with the initial batches of ore tested
through the pilot processing plant.
Two batches of concentrate, produced by passing ore which has been ground to
less than 150micron size (about the same fineness as cement powder), through
the centrifugal concentrator and performing a cleanup on the shaker table,
have been assayed by independent SGS laboratories yielding grades of 989g/t
gold and 4,120g/t silver, and 876g/t gold and 2800 g/t silver respectively.
High levels of other metals such as iron, copper and zinc are reported in the
concentrate. Approximately 1.2kg of this concentrate has been produced to
date.
A 2kg batch of centrifuge concentrate is being assayed and prepared for
dispatch to a Major New Zealand based concentrate end user for testwork to
form the basis of a commercial off take agreement.
While further tests are required to confirm recovery rates and mineral
content of the waste product, these results confirm that a plant of this
nature, which uses no hazardous chemicals, is capable of producing a very
high value, low volume product and is a very important result for the company
in its attempt to replicate the results of prior testwork on a larger scale.
Ongoing testwork will focus on assessing other key factors associated with
the gravity separation process, namely:
o Reliably achieving economically viable recovery of gold and silver;
o The effect of various grind sizes on the precious metal yield;
o Efficiently removing sulphide minerals from the ore to achieve an inert
waste product suitable for industrial applications.
CEO Matthew Hill said "We are very pleased with the progress at the pilot
plant with the first small volumes of gold concentrate being produced from
the Talisman Mine which have now been sent off for assaying. Once optimal
recovery rates are achieved processing of larger samples and design of a
larger volume plant can commence"
End CA:00341267 For:NTL Type:MKTUPDTE Time:2019-09-20 09:28:31
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