Talisker Completes Golden Hornet Option Agreement
Talisker Resources Ltd.
130 Adelaide Street West, Suite 3002
Toronto, Ontario M5H 3P5
TSK
TSKFF
TSX OTCQX
Talisker Completes Golden Hornet Option Agreement
Toronto, Ontario, January 30, 2025 – Talisker Resources Ltd. (“ Talisker” or the “ Company”) (TSX: TSK,
OTCQX: TSKFF) is pleased to announce the acquisition of the Golden Hornet Project (“ Golden Hornet”)
post completion of the previously announced option agreement. In connection with the acquisition of
Golden Hornet, Talisker also negotiated the purchase of the 2% Net Smelter Royalty granted to Rich River
Exploration Ltd. in connection with the option agreement for total aggregate consideration of $100,000,
with 1% being purchased for cancellation by Talisker in consideration for the payment of $38,000 in cash
and $12,000 through the issuance of 36,363 shares of Talisker at a price of $0.33 per share (the “Royalty
Purchase”), and the other 1% being purchased by Osisko Gold Royalties Ltd (“Osisko”) pursuant to a first
right of refusal granted under the royalty purchase agreement entered into between, among others, the
Company and Osisko, in December 2021 (the “RPA”) (see news release of December 6, 2021).
In accordance with the terms of the RPA and the completion of the option agreement, Talisker and Osisko
have entered into a royalty agreement whereby Osisko will now hold a 2% net smelter returns royalty on
all production from Golden Hornet, the Blue Jay and the Barnato properties.
Terry Harbort, CEO of Talisker stated, “ Although we remain squarely focused on the transition to gold
production at Bralorne, it is good to remind our shareholders of Talisker’s extensive exploration portfolio
in British Columbia and the excellent results received from Golden Hornet, Talisker’s first greenfields drill
program.”
Golden Hornet is a n advanced stage exploration project where a 2022 drill program intersected high -
grade gold in the first four holes demonstrating the potential for a large, kilometre scale mineralized
system. Highlights of the initial drill program include:
• Discovery of high -grade fault-controlled quartz-sulphide breccias and veins, highlighted by 8.88 g/t
Au, 0.42% Cu and 14.99 g/t Ag over 5.1 metres within a broader zone of 2.59 g/t Au over 21.5 metres
in GH-DDH-21-004.
• Hole GH-DDH-21-003 intercepted 11.58 g/t Au, 0.37% Cu and 11.1 g/t Ag over 1.05 metres.
• Drilling also intersected broader zones of mineralization, including 9.99 g/t Au over 0.5 metres within
0.82 g/t Au over 10.3 metres (GH-DDH-21-003) and 0.96 g/t Au over 6.67 metres (GH-DDH-21-001).
• A total of 4,853 metres of NQ drilling was completed in 14 holes to a maximum depth of 431 metres.
• Ten holes drilled in the central Hornet Zone (3,568 metres) intersected semi -massive sulphide
mineralization in every hole.
• Four holes drilled in the Iron Canyon Zone (1,015 metres), a 1,000 -metre step-out to the northwest,
intersected semi-massive and breccia-hosted sulphide mineralization in every hole.
For further information, please contact:
Terry Harbort
President and CEO
+1 416 357 0227
Qualified Person
The scientific and technical information contained in this press release has been reviewed and 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.
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. Vari ous
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. In
particular, the Company advises that it does not have defined mineral reserves and it has not ba sed its
production decision on a feasibility study of mineral reserves, demonstrating economic and technical
viability, and, as a result, there may be an increased uncertainty of achieving any particular level of
recovery of minerals or the cost of such recovery, including increased risks associated with deve loping a
commercially mineable deposit.
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, development and operation 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 and supply risks, reliance on key p ersonnel, 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 relating to the failure to receive all requisite shareholder and
regulatory approvals. Furthermore, historically, projects that are in production without defined mineral
reserves have a much higher risk of economic and technical failure. There is no guarantee that production
will begin as anticipated or at all or that anticipated production costs will be achieved.
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.