Talisker Announces Further High-Grade Drill Results from the Bralorne Gold Project Resource Conversion Program
Talisker Resources Ltd.
130 Adelaide Street West, Suite 3002
Toronto, Ontario M5H 3P5
TSK
TSKFF
TSX OTCQX
Talisker Announces Further High-Grade Drill Results from the
Bralorne Gold Project Resource Conversion Program
Toronto, Ontario, January 17, 2024 – Talisker Resources Ltd. (“ Talisker” or the “ Company”) (TSX:TSK |
OTCQX:TSKFF) is pleased to announce additional high-grade drill results highlighted by 36.84 g/t Au over
1.00 metres within a broader interval of 3.71 g/t over 12.50 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-2023-017A intersected 36.84 g/t Au over 1.0 0 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.
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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-sericite±mariposite alteration halos.
Table 1: Bralorne Gold Project - Drill Holes SB-2023-006, 2023-007 and 2023-017A
Diamond Drill Hole Name From
(m)
To
(m)
Interval
(m)
Au
(g/t) Interpreted Structure
SB-2023-006 29 30 1 0.37
BK-9870 Vein Halo
SB-2023-006 30 30.5 0.5 0.54
SB-2023-006 30.5 31.5 1 0.16
SB-2023-006 31.5 32.55 1.05 0.33
SB-2023-006 32.55 33.15 0.6 0.35
SB-2023-006 33.15 33.65 0.5 0.99
SB-2023-006 33.65 34.55 0.9 3.65
BK-9870 Vein SB-2023-006 34.55 35.05 0.5 14.95
SB-2023-006 35.05 35.55 0.5 17.50
SB-2023-006 35.55 36.25 0.7 0.52
BK-9870 Vein Halo SB-2023-006 36.25 37.05 0.8 0.47
SB-2023-006 37.05 37.8 0.75 0.01
SB-2023-007 146.55 147.65 1.1 30.20 Alhambra Vein
SB-2023-007 147.65 148.15 0.5 1.24
SB-2023-007 148.15 148.65 0.5 0.73
Alhambra Vein Halo
SB-2023-007 148.65 149.5 0.85 1.08
SB-2023-007 149.5 150 0.5 0.88
SB-2023-007 150 150.5 0.5 1.22
SB-2023-007 150.5 151 0.5 0.43
SB-2023-017A 301.5 302 0.5 0.22
BK Vein Halo
SB-2023-017A 302 303 1 2.06
SB-2023-017A 303 303.5 0.5 0.60
SB-2023-017A 303.5 304 0.5 0.17
SB-2023-017A 304 305 1 0.06
SB-2023-017A 305 306 1 0.03
SB-2023-017A 306 307 1 1.31
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Table 1: Bralorne Gold Project - Drill Holes SB-2023-006, 2023-007 and 2023-017A
Diamond Drill Hole Name From
(m)
To
(m)
Interval
(m)
Au
(g/t) Interpreted Structure
SB-2023-017A 307 308.25 1.25 0.31
BK Vein Halo SB-2023-017A 308.25 308.8 0.55 2.83
SB-2023-017A 308.8 309.55 0.75 0.86
SB-2023-017A 309.55 310.05 0.5 3.87
BK Vein SB-2023-017A 310.05 310.55 0.5 69.80
SB-2023-017A 310.55 311.05 0.5 1.45
SB-2023-017A 311.05 312 0.95 0.23 BK Vein Halo
SB-2023-017A 312 312.6 0.6 2.64
BK Vein Halo SB-2023-017A 312.6 314 1.4 0.31
SB-2023-017A 314 314.5 0.5 0.12
Notes: Diamond drill hole SB-2023-006 has a collar orientation of Azimuth 197; Dip -62. Diamond drill hole SB-2023-007
has a collar orientation of Azimuth 145; Dip - 74.5. Diamond drill hole SB -2023-017A has a collar orientation of Azimuth
244; Dip -54.5. 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 Harbort
President and CEO
+1 416 357 0227
Matt Filgate
Vice President, Corporate Development
+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.
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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 a s 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 a nd 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 f raction. 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 ti ming 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 impl ied 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
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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 rela ting 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 b y 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.
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Figure 1: Plan view section of holes SB-2023-006, 2023-007 and 2023-17A drilling within the proposed Mustang Mine footprint.
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Figure 2: Hole SB-2023-006 intersection on the BK Vein.
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Figure 3: Hole SB-2023-007 intersection on the Alhambra Vein.