PRELIMINARY PILOT PLANT RESULTS

1

New Talisman Gold Mines
Limited

Responsible,
Environmentally
Sustainable Mining

ASX/NZX Code NTL
____________________

Commodity Exposure
GOLD and SILVER

Board and Management

Charbel Nader Chairman/Independent Director
Matthew Hill Chief Executive/ Managing Director
Murray Stevens Non Executive Director
Tony Haworth Independent Director
Jane Bell Company Secretary
Wayne Chowles Chief Operating Officer


Capital Structure
Ordinary Shares at 20/9/19 2,692m

Share Price
Share Price at 19/09/2019 (NZX) 0.9cps
Share Price at 19/09/2019 (ASX) 0.8cps



New Talisman Gold Mines Limited
ACN
Address 541 Parnell Rd, Parnell,
Auckland
Phone +64 27 5557737
Website www.newtalisman.co.nz
Email info@newtalisman.co.nz

Market Announcement
For Immediate Release
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:
• Reliably achieving economically viable recovery of gold and silver;
• The effect of various grind sizes on the precious metal yield;
• 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“


PILOT PLANT PRELIMINARY TESTWORK RESULTS