New Talisman Gold Mines Limited (AU:NTL) has released an update.
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New Talisman Gold Mines Limited has successfully raised NZ$2.24 million through a Rights Issue, which will fund the purchase and shipping of a processing plant for the Talisman mine project. The company has met most conditions set in the Heads of Agreement with Terra Firma Mining Ltd., including a long-term access arrangement and is preparing for bulk sampling of the Mystery vein, which has shown promising gold and silver grades. The plant’s arrival and commissioning are expected within the next 10-12 weeks, with a decision on expanding mining operations to follow based on the vein’s potential.
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