TOPEKA, Kan., Sept. 27, 2011 /PRNewswire/ -- Talisman Holdings, Inc. is optimistic about its gold concessions in Guyana, and is buoyed about industry reports from that country. Guyana's gold industry continues to take in significant revenue for the country, increasing another 22 percent last year. It was the second consecutive year that gold declarations passed 300,000 ounces.
There is no doubt about the geological potential of Guyana. Gold was discovered in the region by the Spanish nearly 500 years ago. One needs to look only a short distance to the west to understand the geological nature and the discovery potential of Guyana. Exploration in Venezuela has turned up enormous mineral wealth. Importantly, the big gold discoveries in that country are clustered near the border with Guyana. The favorable geology doesn't end at a line on the map - the geological features that have the gold deposits in the neighboring country continue across Guyana.
The only difference between the two countries is that more work has been done next door. For various reasons the mineral riches of Guyana have remained largely untouched.
Guyana is still at an early stage with regard to an influx of mining exploration companies. The companies now exploring are building on a great deal of past work that provides an excellent starting point.
Literally thousands of small mining operations throughout the country are producing hundreds of thousands of ounces of gold a year by simply processing the surface gravels. The multitude of gold occurrences at surface points to a rich endowment of gold at depth.
David Lang, Talisman President, said, "There is no question that there is a lot of gold in the ground in Guyana. Our concessions are in the hottest of gold areas, the preliminary geological reports are more than promising, and we anticipate tremendous results. We believe that Guyana will soon be recognized as an emerging gold producer and that companies operating in the country will provide investors with enormous opportunities."
About Talisman Holdings:
Talisman Holdings, Inc. (TMHO:PK) 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 provides diversity of risk. For more information please visit Talisman's website at www.talismanholdings.com.
This summary contained 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.
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Talisman Holdings, Inc.
3101 Southwest Shadow Lane
Topeka, KS 66604
Phone (785) 357-1055
Fax (785) 357-1105
SOURCE Talisman Holdings, Inc.