Talisker Acquires Congress Property Further Extending the Bralorne Gold Project
Talisker Acquires Congress Property Further
Extending the Bralorne Gold Project
TORONTO
,
April 9, 2020
/CNW/ - Talisker Resources Ltd. ("Talisker" or the "Company")
(CSE:TSK) (OTCQB:TSKFF) is pleased to announce that the Company has entered into an
agreement with Discovery Metals Corp. to acquire a 100% interest in the Congress Property located
contiguous to the Company's Bralorne Gold Project in southwestern British Columbia.
The Congress Property is located directly north of the historic Bralorne-Pioneer mine and consists of
20 mineral claims, three mining leases and eight crown grants totaling 2,675.50 hectares. The
property contains a historic indicated and inferred resource of 192,638 tonnes grading at 9.24 g/t for
57,234 oz (Mine Development Assessment Process – Congress Project Stage 1 Report,
September
1988
) defined by underground sampling and surface and underground drilling. As the report was
prepared prior to NI 43-101 standards for disclosure, Talisker does not know the relationship of the
historic resource categories. Talisker has no knowledge of the reliability of the historic resource.
Additional drilling and sampling and quality control will be required to verify and upgrade the historical
estimate. Talisker's qualified person has not done sufficient work to classify the historical estimate
as a current mineral resource and the Company is not treating the historical estimate as a current
mineral resource.
Several highly prospective exploration targets are present on the ground including the Lou zone with
historic drilling intersecting zones ranging from 1.4 to 4 meters with grades between 5 and 11 g/t Au.
Eight separate vein zones have been identified away from the Congress and Lou zones. The
Company notes that a qualified person has not verified the data disclosed in respect of the property,
including sampling, analytical and test data underlying this information. The data comes from historic
reports prepared by previous owners. The acquisition is subject to the approval of the Canadian
Securities Exchange.
Under the terms of the purchase agreement, Talisker will issue 1,000,000 common shares to
Discovery Metals Corp. in return for 100% ownership of the Congress Property. The common
shares are subject to a four month hold period pursuant to applicable securities laws and further
subject to certain resale restrictions for up to one year.
Terry Harbort
, President & CEO of Talisker commented, "With the acquisition of the Congress
Property and the previously announced acquisitions of the Royalle Claims and Naikun Crown Grants,
the Bralorne Gold Project now comprises 7,791 hectares over 51 mineral claims, three mining
leases and 181 Crown grants. Talisker will be aggressively exploring to unlock the mineral potential
along the entire 33 kilometres trend now 100% controlled by the Company."
About Talisker Resources Ltd.
Talisker (
taliskerresources.com
)
is a junior resource company involved in the exploration of gold
projects in
British Columbia, Canada
. Talisker's projects include the Bralorne Gold Complex, an
advanced stage project with significant exploration potential from a historical high-grade producing
gold mine as well as its Spences Bridge Project where the Company holds ~85% of the emerging
Spences Bridge Gold Belt and several other early stage Greenfields projects. With its properties
comprising 277,292 hectares over 312 claims, six leases and 181 crown grant claims, Talisker is a
dominant exploration player in the south-central
British Columbia
. The Company is well funded to
advance its aggressive systematic exploration program at its projects.
Qualified Person
The technical information contained in this news release 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.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the
CSE) accepts responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the information
contained herein.
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. 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. Actual future results may differ materially. In particular, this release contains forward-
looking information relating to, among other things, the operations of the Company and the timing
which could be affected by the current global COVID-19 pandemic. 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.
While Talisker considers these assumptions to be reasonable based on information currently
available, they may prove to be incorrect. 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 and the COVID-19
pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory
risks, including risks relating to the acquisition of the necessary licenses and permits, financing,
capitalization and liquidity risks.
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.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the
CSE) accepts responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the information
contained herein.
SOURCE
Talisker Resources Ltd
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For further information:
Terry Harbort, Chief Executive Officer,
[email protected], +1 416 361 2808 or Carrie Howes, Director, Investor
Relations, [email protected], +1 416 837 0075
CO: Talisker Resources Ltd
CNW 12:00e 09-APR-20