Talisman Holdings Is "Going for the Gold" With Participation in Peruvian Mining Interests
10 Marzo 2011 - 7:00AM
Marketwired
Talisman Holdings, Inc. (PINKSHEETS: TMHO), a diversified holding
company, announced that it has entered into a preliminary agreement
with Caribbean Peruvian Gold Mines Export S.A. with respect to a
joint venture on gold property in Peru.
This agreement signals Talisman's entry into the precious metals
field, and is a strategic move to create participation in the
dynamic Peruvian gold market. Peru's favorable mining policies
produce an encouraging investment climate. This conducive attitude,
coupled with Peru's rich gold history and geology, make it an
attractive gold exploration opportunity for the Company.
The targeted property is located from 2,300 to 3,800 metres
above sea level, in an area of intense and favorable mining
activity, and encompasses an area of 400 hectares.
Presently, the property is in limited production, with results
to date, coupled with a geological survey, indicating a successful
find with a highest quality per ton rating.
The Company will be sending a team to Peru to undertake a
further due diligence inspection of the property and review
supporting documentation. The Company has up to 60 days to complete
its due diligence and enter into a final and definitive joint
venture agreement during which period the final terms will be
negotiated by the parties.
Detailed announcements with respect to this project and
additional gold properties will be made in due course.
David Long, Talisman President, commented: "We are focusing on
acquisition, discovery and development of gold and precious metals
worldwide. We believe this project, based on all preliminary
indications, will be most successful and will serve to drive
shareholder value. We are confident we're participating in a
fantastic, underdeveloped opportunity."
About Talisman Holdings:
Talisman Holdings, Inc. (PINKSHEETS: TMHO) is a highly
innovative holding company built on the belief that the world's
greatest potential for financial growth lies in emerging companies.
Talisman Holdings finds undervalued small and microcap businesses
with breakthrough products, services and technologies and delivers
the equity, financial guidance, strategic counsel, consulting and
business functions they need in order to succeed in the public
marketplace. Taking an ownership or equity stake in standout
emerging growth companies creates assets and drives shareholder
value for Talisman Holdings, and the diversified holding company
organizational structure and range of industries provide diversity
of risk. For more information please visit Talisman's website at
www.talismanholdings.com.
FORWARD-LOOKING DISCLAIMER
This summary contains forward-looking statements within the
meaning of the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. These statements address future
events and conditions concerning the Company's business plans. Such
statements are based on management's current expectation and are
subject to a number of factors and uncertainties, such as future
economic conditions and changes in anticipated revenues and costs,
which may cause actual results to differ materially. The Company
expressively disclaims any future obligation or undertaking to
update or revise any forward-looking statements contained herein.
Investors and potential investors should independently investigate
and fully understand all risks before making investment
decisions.
For more information contact us at: Talisman Holdings, Inc. 3035
Colony Lane Springfield, OH 45503 Phone/fax (937) 342-0383
info@talismanholdings.com
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