18:49:44 EDT Thu 02 May 2024
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Talisker Resources Ltd (2)
Symbol TSK
Shares Issued 88,122,090
Close 2024-01-17 C$ 0.305
Market Cap C$ 26,877,237
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Talisker drills one m of 36.84 g/t Au at Bralorne

2024-01-17 10:34 ET - News Release

Mr. Terry Harbort reports

TALISKER ANNOUNCES FURTHER HIGH-GRADE DRILL RESULTS FROM THE BRALORNE GOLD PROJECT RESOURCE CONVERSION PROGRAM

Talisker Resources Ltd. has released additional high-grade drill results, highlighted by 36.84 grams per tonne gold over 1.00 metre within a broader interval of 3.71 grams per tonne gold over 12.50 metres, at its 100-per-cent-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-2023-017A intersected 36.84 g/t Au over 1.00 metres within a broader interval of 3.71 g/t Au over 12.50 metres on the BK Vein.
  • Hole SB-2023-007 intersected 16.29 g/t Au over 2.10 metres within a broader interval of 8.18 g/t Au over 4.45 metres on the Alhambra Vein.
  • Hole SB-2023-006 intersected 10.27 g/t Au over 1.9 metres on the BK-9870 Vein.
  • The resource conversion drill program is focused on increasing confidence in the Alhambra and BK Vein.

Felipe Castaneda, Vice President, Technical Services of Talisker, stated, "Our team is very pleased with the high-grade results we continue to receive from the Mustang Mine resource conversion drilling campaign. Hole SB-2023-017A confirms grade continuity within the BK vein's proposed planned stopes for 2025 and 2026. Hole SB-2023-006 extends the BK-9870 structure up dip approximately 35m from currently planned stopes, while SB-2023-007 extends the Alhambra vein laterally to the southeast. We're also very excited to see the thickness of the mineralized halo surrounding the vein structures, which will help to reduce dilution and improve overall mineability during test mining."

SB-2023-006 Description

  • Complete results received.
  • Located in the King block and intersected dioritic intrusive.
  • BK-9870 Vein intersected from 34.55 to 35.55m as a brecciated quartz vein hosting arsenopyrite and pyrite mineralization with moderate silica alteration.

SB-2023-007 Description

  • Complete results received.
  • Located in the King block and intersected dioritic intrusive.
  • Alhambra Vein intersected from 146.55 to 147.65m as a banded brecciated quartz vein hosting visible gold, arsenopyrite and pyrite mineralization.

SB-2023-017A Description

  • Complete results received.
  • Located in the King block and intersected dioritic intrusive.
  • BK Vein intersected from 309.55 to 310.55m as a banded brecciated quartz vein hosting visible gold, arsenopyrite and pyrite mineralization.

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-sericiteplus or minusmariposite alteration halos.

All reported drill assay results are available on the Company's website.

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 60degreeC, 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

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