SOURCE: Talisman Holdings, Inc.

April 08, 2011 16:05 ET

Talisman a Part of the New Gold Rush With Its Project in Guyana

SPRINGFIELD, OH--(Marketwire - Apr 8, 2011) - The search for gold is on! Despite increased demand, and significant price increases, gold production in the world has declined since 2001. This shortfall has created a frantic bull market. Talisman Holdings, Inc. (PINKSHEETS: TMHO) is capitalizing on this economic opportunity with its expanded activity in gold and precious minerals.

The Company is taking a position in gold development stage development and exploration concessions in Guyana. Initial development will begin with 6 of a total of 66 concessions, which comprise a total of 77,754 acres. The concession project is geographically located in Northwest Guyana, in the Upper Cuyuni region, and encompasses a belt that is approximately 20 miles by 5 miles. This is a known area of gold production.

Initial geological reports indicate the presence of "gold mineralization" and diamonds in the concession area. "Gold mineralization" means gold enrichment at levels many times higher than "normal" gold concentrations in any rock.

A summary of the geological survey shows projected measured and indicated resources of 41700 tonnes (115 billion) and potential inferred resources at 7,708 tonnes (125 billion) of gold. In short, the concessions are summarized as having potentially high growth, low cost and sustainability.

David Long, Talisman President, commented: "With this project we are well positioned to see substantial revenue and earnings growth over the relatively near term -- with unlimited long term possibilities."

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 provides 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.

Contact Information

  • For more information contact us at:
    Talisman Holdings, Inc.
    3035 Colony Lane
    Springfield, OH 45503
    Phone/fax (937) 342-0383
    info@talismanholdings.com