TSK.TO · 2022-02-28 12:00:00

Talisker Announces High Grade Results from the Pioneer Zone

Drill Results

Talisker Announces High Grade Results from the

Pioneer Zone

TORONTO

Feb. 28, 2022

/CNW/ - Talisker Resources Ltd. ("

Talisker

" or the "

Company

") (TSX: TSK) (OTCQX:

TSKFF) is pleased to announce further high-grade results from multiple drill holes highlighted by

38.00 g/t Au over 1.00

metres within 13.51 g/t Au over 3.00 metres

(SBP-2021-010) and

26.00 g/t Au over 1.00 metres

(SBP-2021-011) at

its 100% owned flagship Bralorne Gold Project.

Key Points:

The holes in this release are located within the Pioneer Block. The principal targets were the 77 and 51BFW veins.

Hole SBP-2021-008 intersected high-grade gold on the two veins highlighted by

27.30 g/t Au over 1.00 metres

within 14.20 g/t Au over 2.00 metres (New Vein) and 10.46 g/t Au over 1.00 metres (52 Vein).

Hole SBP-2021-010 intersected

38.00 g/t Au over 1.00 metres within 13.51 g/t Au over 3.00 metres

in a new

vein.

Hole SBP-2021-011 intersected

26.00 g/t Au over 1.00 metres within 14.10 g/t Au over 2.00 metres

in a new

vein.

All new veins are currently being modelled to understand the strike and dip potential.

Talisker drilling to date at the Bralorne Gold Project has produced 282 vein intersections with a combined weighted

average diluted grade of 8.32 g/t over an average intersection length of 1.86 metres.

Terry Harbort

, President and CEO of Talisker, commented, "The drill results coming out of the northwestern portion of the

Pioneer Block are opening up an underexplored historic ownership gap zone, showing high-grade veins with good

mineralization widths. We see this area as having significant potential to substantially increase the resource base moving

forward."

Seven diamond drills are now operating at the Bralorne Gold Project. A total of 116,030 metres (227 holes) has been

drilled since Talisker initiated drilling at the Bralorne Gold Project in

February 2020

. Currently, there are 5,221 samples at

the assay laboratory, which are expected to be received by the Company shortly.

Hole Descriptions:

SBP-2021-008 Hole Description

Complete preliminary results received

Located in the Pioneer Block and intersected granitic intrusive

52 vein intersected from 159.50 to

160.50 m

New vein intersected from 387.00 to

388.00 m

SBP-2021-010 Hole Description

Complete preliminary results received

Located in the Pioneer Block and intersected granitic intrusive and basalt

222 vein intersected from 165.50 to

166.00 m

New vein intersected from 182.50 to

183.5 m

New vein intersected from 192.00 to

193.00 m

SBP-2021-011 Hole Description

Complete preliminary results received

Located in the Pioneer Block and intersected basalt and granitic intrusive

New vein intersected from 199.00 to

200.00 m

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.

All reported drill assay results are available on the Company's website at the following link:

https://taliskerresources.com/bralorne-gold-project-released-drill-results/

Table 1: Bralorne Gold Project - Drill Holes SB-2021-008, 010, 011

RC Drill Hole

Name

From

(m)

Interval

(m)

(g/t)

Zone

Method Reported

SBP-2021-008

159.5

160

0.5

1.51

52 Vein

Au-AA26

SBP-2021-008

160

160.5

0.5

19.40

Au-AA26

SBP-2021-008

160.5

161

0.5

0.48

Halo

Au-AA26

SBP-2021-008

387

388

27.30

New Vein

Au-AA26

SBP-2021-008

388

389

1.09

Halo

Au-AA26

SBP-2021-008

389

390

0.21

Au-AA26

SBP-2021-008

390

391

0.32

Au-AA26

SBP-2021-008

391

392

0.34

Au-AA26

SBP-2021-008

392

393

0.61

Au-AA26

SBP-2021-010

165.5

166

0.5

11.10

222 Vein

Au-AA26

SBP-2021-010

166

166.5

0.5

2.62

Halo

Au-AA26

SBP-2021-010

166.5

167

0.5

1.60

Au-AA26

SBP-2021-010

182.5

183

0.5

8.40

New Vein

Au-AA26

SBP-2021-010

183

183.5

0.5

2.15

Au-AA26

SBP-2021-010

183.5

184

0.5

2.69

Halo

Au-AA26

SBP-2021-010

184

184.5

0.5

1.72

Au-AA26

SBP-2021-010

192

193

38.00

New Vein

Au-AA26

SBP-2021-010

193

194

1.15

Halo

Au-AA26

SBP-2021-010

194

195

1.39

Au-AA26

SBP-2021-010

195

196

0.12

Au-AA26

SBP-2021-011

199

200

26.00

New Vein

Au-AA26

SBP-2021-011

200

201

2.20

Halo

Au-AA26

SBP-2021-011

201

202

0.24

Au-AA26

Notes: RC drill hole SBP-2021-008 has a collar orientation of Azimuth 176; Dip -57. RC drill hole SBP-2021-010 has a collar

orientation of Azimuth 176; Dip -45. RC drill hole SBP-2021-011 has a collar orientation of Azimuth 177; Dip -59. 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.

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 exploring gold projects in

British Columbia,

Canada

. Talisker's projects include two advanced-stage projects, the Bralorne Gold Complex and the Ladner Gold

Project, both advanced-stage projects with significant exploration potential from historical high-grade producing gold

mines, 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 296,983 hectares over 346 claims,

three leases and 198 crown grant claims, Talisker is a dominant exploration player in south-central

British Columbia

. The

Company is well funded to advance its aggressive, systematic exploration program at its 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

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 Information

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 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 statements 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 market risks and the demand

for securities of the Company, 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 news 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: SBP-2021-008, 010 and 011 hole location within the Pioneer Block. (CNW Group/Talisker Resources Ltd)

Figure 2: SBP-2021-008 and 010 cross section with vein intersections and grade. (CNW Group/Talisker Resources Ltd)

Figure 3: SBP-2021-011 cross section with vein intersections and grade. (CNW Group/Talisker Resources Ltd)

View original content to download multimedia:

https://www.prnewswire.com/news-releases/talisker-announces-high-grade-results-from-the-pioneer-zone-301491426.html

SOURCE

Talisker Resources Ltd

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/February2022/28/c9266.html

%SEDAR: 00005798E

For further information:

Terry Harbort, President and CEO, [email protected], +1 416 361 2808

CO: Talisker Resources Ltd

CNW 07:00e 28-FEB-22

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