Talisker Resources Ltd. (“
Talisker” or the
“
Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to
announce additional high-grade drill results highlighted by
80.68 g/t Au over 2.20 metres within a broader interval of
28.58 g/t over 6.35 metres at its 100% owned flagship
Bralorne Gold Project.
Key Points:
- Talisker initiated resource
conversion drilling on October 17, 2023 with 15,000 metres of
planned drilling.
- Hole SB-2023-023 intersected
80.68 g/t Au over 2.20 metres within a broader interval of
28.58 g/t Au over 6.35 metres on the BK Vein.
- Hole SB-2023-023 also intersected
37.99 g/t Au over 2.05 metres within a broader interval of
11.58 g/t Au over 7.45 metres on the Alhambra Vein.
- Hole SB-2023-012 intersected
9.29 g/t Au over 2.00 metres within a broader interval of
7.06 g/t over 4.05 metres on the BK vein.
- The resource conversion drill
program is focused on increasing confidence in the Alhambra and BK
Vein.
Matt Filgate, Vice President, Corporate
Development of Talisker, stated, “We are extremely pleased with the
continuing high-grade results coming out of the proposed Mustang
Mine. The high-grade nature of the mineralized shoots within the
vein structures becomes much clearer with tighter spaced drilling,
falling in line with the mined average of 17.7g/t during the 40
plus years of historical production at the Bralorne Gold Project.
We are also pleased to see continual good grades within the vein
foot and hanging wall breccias, lowering the effects of grade
dilution during stope extraction.”
SB-2023-012 Description
- Complete results received.
- Located in the King block and
intersected dioritic intrusive.
- BK Vein intersected from 265.25 to
267.25m as a banded brecciated quartz vein hosting arsenopyrite and
pyrite mineralization.
SB-2023-023 Description
- Complete results received.
- Located in the King block and
intersected dioritic intrusive.
- BK Vein intersected from 296.15 to
297.85m as a banded brecciated quartz vein hosting arsenopyrite and
pyrite mineralization with moderate hanging wall mariposite
alteration.
- Alhambra Vein intersected from
320.05 to 321.60m as a banded brecciated quartz vein hosting
arsenopyrite and pyrite mineralization and moderate
silica/mariposite alteration.
Major vein structures intersected are considered classic
Bralorne crack-seal quartz-carbonate veins with densely banded
sulphide septae. Crack-seal septae host fine-grained arsenopyrite
and pyrite mineralization. Alteration halos consist of strong
silica-sericite±mariposite alteration halos.
Table 1: Bralorne Gold Project - Drill Holes SB-2023-012
and 2023-023 |
Diamond Drill Hole Name |
From(m) |
To(m) |
Interval(m) |
Au(g/t) |
Interpreted Structure |
SB-2023-012 |
256.7 |
257.2 |
0.5 |
0.12 |
BK Vein Halo |
SB-2023-012 |
257.2 |
257.9 |
0.7 |
0.68 |
SB-2023-012 |
257.9 |
258.4 |
0.5 |
0.65 |
SB-2023-012 |
258.4 |
258.95 |
0.55 |
2.92 |
SB-2023-012 |
258.95 |
259.55 |
0.6 |
5.59 |
SB-2023-012 |
259.55 |
260.1 |
0.55 |
4.18 |
SB-2023-012 |
260.1 |
260.6 |
0.5 |
0.59 |
SB-2023-012 |
260.6 |
261.1 |
0.5 |
1.28 |
SB-2023-012 |
261.1 |
261.6 |
0.5 |
4.55 |
SB-2023-012 |
261.6 |
262.1 |
0.5 |
2.20 |
SB-2023-012 |
262.1 |
262.95 |
0.85 |
0.45 |
SB-2023-012 |
262.95 |
263.45 |
0.5 |
1.57 |
SB-2023-012 |
263.45 |
264.2 |
0.75 |
0.90 |
SB-2023-012 |
264.2 |
264.75 |
0.55 |
4.18 |
SB-2023-012 |
264.75 |
265.25 |
0.5 |
5.03 |
SB-2023-012 |
265.25 |
265.75 |
0.5 |
6.22 |
BK Vein |
SB-2023-012 |
265.75 |
266.25 |
0.5 |
16.95 |
SB-2023-012 |
266.25 |
266.75 |
0.5 |
4.81 |
SB-2023-012 |
266.75 |
267.25 |
0.5 |
9.17 |
SB-2023-012 |
267.25 |
267.75 |
0.5 |
4.33 |
BK Vein Halo |
SB-2023-012 |
267.75 |
268.25 |
0.5 |
6.11 |
SB-2023-012 |
268.25 |
269 |
0.75 |
0.99 |
SB-2023-012 |
269 |
270 |
1 |
0.25 |
|
SB-2023-023 |
294.15 |
295.15 |
1 |
1.02 |
BK Vein Halo |
SB-2023-023 |
295.15 |
295.65 |
0.5 |
0.25 |
SB-2023-023 |
295.65 |
296.15 |
0.5 |
0.41 |
SB-2023-023 |
296.15 |
297.35 |
1.2 |
146.00 |
BK Vein |
SB-2023-023 |
297.35 |
297.85 |
0.5 |
2.44 |
SB-2023-023 |
297.85 |
298.35 |
0.5 |
2.17 |
BK Vein Halo |
SB-2023-023 |
298.35 |
299.35 |
1 |
1.33 |
SB-2023-023 |
299.35 |
300.5 |
1.15 |
1.13 |
|
SB-2023-023 |
319.05 |
319.55 |
0.5 |
1.61 |
Alhambra Vein Halo |
SB-2023-023 |
319.55 |
320.05 |
0.5 |
1.39 |
SB-2023-023 |
320.05 |
321 |
0.95 |
8.26 |
Alhambra Vein |
SB-2023-023 |
321 |
321.6 |
0.6 |
115.50 |
SB-2023-023 |
321.6 |
322.1 |
0.5 |
1.48 |
Alhambra Vein Halo |
SB-2023-023 |
322.1 |
322.6 |
0.5 |
0.62 |
SB-2023-023 |
322.6 |
323.5 |
0.9 |
2.73 |
SB-2023-023 |
323.5 |
324.5 |
1 |
0.30 |
SB-2023-023 |
324.5 |
325 |
0.5 |
2.00 |
SB-2023-023 |
325 |
325.5 |
0.5 |
1.87 |
SB-2023-023 |
325.5 |
326 |
0.5 |
1.31 |
SB-2023-023 |
326 |
326.5 |
0.5 |
2.50 |
Notes: Diamond drill hole SB-2023-012 has a collar orientation of
Azimuth 330; Dip -69. Diamond drill hole SB-2023-023 has a collar
orientation of Azimuth 331; Dip -52. True widths are estimated at
40 - 90% of intercept lengths and are based on oriented core
measurements where available. Method Reported includes the most
up-to-date information as of the date of this press release. |
All reported drill assay results are available
on the Company’s website.
For further information, please contact:
Terry HarbortPresident and CEOterry.harbort@taliskerresources.com+1
416 357 0227 |
Matt FilgateVice President, Corporate
Developmentmatt.filgate@taliskerresources.com+1 778 679 3579 |
Qualified Person
The technical information contained in this news
release relating to the drill results at the Bralorne Gold Project
has been approved by Leonardo de Souza (BSc, AusIMM (CP) Membership
224827), Talisker’s Vice President, Exploration and Resource
Development, who is a “qualified person” within the meaning of
National Instrument 43-101, Standards of Disclosure for Mineral
Projects.
About Talisker Resources
Ltd.
Talisker (taliskerresources.com) is a junior
resource company involved in the exploration and development of
gold projects in British Columbia, Canada. Talisker’s flagship
asset is the high-grade, fully permitted Bralorne Gold Project
where the Company is currently transitioning into underground
production at the Mustang Mine. Talisker projects also include the
Ladner Gold Project, an advanced stage project with significant
exploration potential from an historical high-grade producing gold
mine and the Spences Bridge Project where the Company holds ~85% of
the emerging Spences Bridge Gold Belt, and several other
early-stage Greenfields projects.
Sample Preparation and QAQC
Drill core at the Bralorne Gold Project is
drilled in HQ to NQ size ranges (63.5mm and 47.6mm, respectively).
Drill core samples are a minimum of 50 cm and a maximum of 160 cm
long along the core axis. Samples are focused on an interval of
interest, such as a vein or zone of mineralization. Shoulder
samples bracket the interval of interest such that a total sampled
core length of not less than 3m both above and below the interval
of interest must be assigned. Sample QAQC measures of unmarked
certified reference materials (CRMs), blanks, and duplicates are
inserted into the sample sequence and makeup 9% of the samples
submitted to the lab for holes reported in this release. ALS Global
performs sample preparation and analyses in North Vancouver,
British Columbia, Canada and SGS Canada in Burnaby, British
Columbia, Canada. Drill core sample preparation includes drying in
an oven at a maximum temperature of 60°C, fine crushing of the
sample to at least 70% passing less than 2 mm, sample splitting
using a riffle splitter, and pulverizing a 250 g split to at least
85% passing 75 microns (ALS code PREP-31 / SGS code PRP89). Gold in
diamond drill core is analyzed by fire assay and atomic absorption
spectroscopy (AAS) of a 50g sample (ALS code Au-AA26 / SGS code
GO_FAA50V10), while multi-element chemistry is analyzed by 4- Acid
digestion of a 0.25 g sample split with detection by inductively
coupled plasma mass spectrometer (ICP-MS) for 48 elements (Ag, Al,
As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K,
La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn,
Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr). Gold assay technique
(ALS code Au-AA26 / SGS code FAA50V10) has an upper detection limit
of 100 ppm. Any sample that produces an over-limit gold value via
the gold assay technique is sent for gravimetric finish (ALS method
Au-GRA22 / SGS method GO_FAG50V) which has an upper detection limit
of 1,000 ppm Au. Samples where visible gold was observed are sent
directly to screen metallics analysis and all samples that fire
assay above 1 ppm Au are re-analysed with method (ALS code Au-SCR24
/ SGS code - 6 - GO_FAS50M) which employs a 1kg pulp screened to
100 microns with assay of the entire oversize fraction and
duplicate 50g assays on the undersize fraction. Where possible all
samples initially sent to screen metallics processing will also be
re-run through the fire assay with gravimetric finish provided
there is enough material left for further processing
Caution Regarding Forward Looking
Statements
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance and include
statements regarding the Royalty Transaction, including the
expected closing date. The use of any of the words “could”,
“intend”, “expect”, “believe”, “will”, “projected”, “estimated” and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on Talisker’s current belief or
assumptions as to the outcome and timing of such future events.
Various assumptions or factors are typically applied in drawing
conclusions or making the forecasts or projections set out in
forward-looking information. Those assumptions and factors are
based on information currently available to Talisker. Although such
statements are based on reasonable assumptions of Talisker’s
management, there can be no assurance that any conclusions or
forecasts will prove to be accurate.
Forward looking information involves known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance, or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such
factors include risks inherent in the exploration and development
of mineral deposits, including risks relating to changes in project
parameters as plans continue to be redefined, risks relating to
variations in grade or recovery rates, risks relating to changes in
mineral prices and the worldwide demand for and supply of minerals,
risks related to increased competition and current global financial
conditions, access and supply risks, reliance on key personnel,
operational risks, regulatory risks, including risks relating to
the acquisition of the necessary licenses and permits, financing,
capitalization and liquidity risks, title and environmental risks
and risks relating to the failure to receive all requisite
shareholder and regulatory approvals.
The forward-looking information contained in
this release is made as of the date hereof, and Talisker is not
obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein.
Figure 1: Plan view section of holes SB-2023-012
and 2023-023 drilling within the proposed Mustang Mine
footprint.
Figure 2: Hole SB-2023-012 intersection on the
BK Vein.
Figure 3: Hole SB-2023-023 intersections on the
BK and Alhambra Veins.
Photos accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/1bd7ac0f-9b75-429c-ab7f-b7ff9fe3f977https://www.globenewswire.com/NewsRoom/AttachmentNg/6fd95f21-e5eb-4d13-acc1-ddd6a9c6b974https://www.globenewswire.com/NewsRoom/AttachmentNg/8d93c04f-c2e9-4ac7-a238-7ba52d406406
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