Talisker Advances Lola and Dora Projects to Stage 2 Exploration, Initiating Drill Permitting Process
Talisker Advances Lola and Dora Projects to
Stage 2 Exploration, Initiating Drill Permitting
Process
TORONTO
,
Aug. 28, 2019
/CNW/ - Talisker Resources Ltd. ("Talisker" or the "Company")
(CSE:TSK | OTCQB:TSKFF) is pleased to announce the initiation of Phase 2 exploration on the Lola
and Dora Projects in south central
British Columbia
. The Company will concurrently initiate the drill
permitting process on these projects in anticipation of a successful Phase 2 exploration program.
The Lola Project consists of four free staked claim blocks totalling 4,949 hectares and is located
approximately 36 kilometers northwest of
Lillooet
. Preliminary mapping and rock sampling (assays
pending) have identified multiple northwest trending structures (see map) with low to intermediate
sulphidation characteristics. Historical data shows a strong geochemical signature of epithermal
pathfinders Hg, Sb and Ag, typical of high level (above potential "bonanza" zone) epithermal
systems.
A soil sampling program will begin in
September 2019
consisting of approximately 1,400 samples on
NE-SW trending lines at 50 meters sample spacing and 200 meters line spacing to evaluate the full
extent of the Lola structures and aid in drill targeting.
The Dora Project located 23 kilometers southwest of
Merritt
was recently optioned by Talisker (see
June 18, 2019
press release) and consists of six claim blocks totalling 374.01 hectares surrounded
by Talisker's claims. Historical soil samples identified a N-S trending strongly silicified rhyolite dome
with stockwork of chalcedonic silica veins. Historical trench samples over the rhyolite identified
multiple zones of mineralization with local gold values up to 7.8 g/t associated with silica veining.
Talisker has initiated a soil sampling program on E-W trending lines, which includes 747 samples.
Sample spacing is 50 meters on the E-W line, 100 meters on the N-S line covering the entirety of the
claim group. Detailed mapping of the Dora project was completed in early August, outlining two
more prospective rhyolite units.
"We are accelerating these projects directly to drill phase based on the exceptional expression of
veining and alteration observed at surface," commented
Terry Harbort
, President & CEO of Talisker,
who added, "The soil programs will assist us with delineating drill targets and defining the footprint of
these projects. In parallel we will be aggressively following up on our recently generated stream
sediment anomalies to quickly advance to drill stage."
Talisker has scheduled an update call for interested parties at 12:00 pm ET on
Thursday, August 29,
2019
hosted by
Terry Harbort
, President & CEO. To participate, click on the following link – call in
details will be available once you log in -
https://www.gotomeet.me/talisker-resources
.
About Talisker Resources Ltd.
Talisker Resources Ltd. is a junior resource company involved in the exploration and development of
projects in
British Columbia, Canada
. Talisker's projects consist of several early to advanced stage
projects including in south central BC, the Spences Bridge Regional Program, a 230,261 hectare
land package comprising the Company's
Spences Bridge
, Blustry Mountain, Lola and Remington
properties, that together cover ~85% of the Spences Bridge Gold Belt as well as the Tulox Property
and the WCGC Properties. The Toodoggone projects located in the prolific Golden Triangle include
the past producing Baker Gold/Silver Project, the Shasta Mine and Baker mill infrastructure and
equipment, the Chappelle (Baker and Multinational Mines) Property, the Mets Lease and the Bot
Property.
Lola Project (CNW Group/Talisker Resources Ltd)
Qualified Person
Luis Arteaga M.Sc.
P.Geo. Exploration Manager for Sable Resources and the Company's Qualified
Person as defined by NI 43-101 has reviewed and approved the technical information in this news
release.
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 listing of the common shares of
Talisker on the CSE. 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 contained in this news release is based on certain factors and
assumptions. While
Talisker considers these assumptions to be reasonable based on information
currently available to them, 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. 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.
SOURCE
Talisker Resources Ltd
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For further information:
on this press release, please contact Terry Harbort, Chief Executive
Officer of Talisker at [email protected].
CO: Talisker Resources Ltd
CNW 07:00e 28-AUG-19