The Hauraki gold field is 1.5 hours by road southeast of Auckland and is easily accessible. This is an area of world class epithermal gold occurrences.
The district hosts the Martha open pit mine, the largest gold and silver producing mine in New Zealand’s history and the Favona underground mine. Both operations are owned and managed by Newmont Gold. The Martha open pit has produced over 7.5 million oz of gold and 54 million oz of silver and is expected to close in 2013. The adjacent Favona mine has a current, projected operating life of two years at an annual production of about 100,000 oz of gold.
The district hosts many historic gold mines, one of the more recent being the Golden Cross mine that produced 700,000 oz of gold.
New Talisman Gold Mines has undertaken high-resolution airborne magnetic surveys, ground-based geophysical surveys and used other technologies to guide its drilling programmes. More drilling is planned.
Directly beneath the prominent peak of Mt Karangahake the Company plans to further test the historic workings of the Talisman Mine.
In the Karangahake area the company also holds the highly-prospective Rahu permit which is considered to be the northern extension of the Talisman vein system.
A deeper in-fill drilling programme at Rahu is aimed at delineating a resource extension of the Talisman deposit.