Talisker Enters into Option Agreement for Golden Hornet Property
Talisker Enters into Option Agreement for
Golden Hornet Property
TORONTO
,
Feb. 3, 2020
/CNW/ - Talisker Resources Ltd. ("Talisker" or the "Company") (CSE:TSK
| OTCQB:TSKFF) is pleased to announce that the Company has entered into an option agreement
with an arm's length party for the Golden Hornet Project further expanding the Company's land
position in the Bluejay Project. The Golden Hornet Project comprises 13 mineral claims
encompassing 2,206.03 hectares (the "
Property
") and are strategic mineral claims covering known
intrusion related gold vein systems.
Terry Harbort
, President & CEO of Talisker stated, "The Golden Hornet Project, adds an advanced
stage exploration property to our portfolio contiguous with our existing BlueJay project. We plan to
initiate permitting immediately to drill test the main zone and test geochemical anomalies along
strike."
Under the term of the option agreement, Talisker can acquire 100% of the Property in exchange for
payments totaling
$145,000
in cash and 575,000 common shares, payable as to
$10,000
cash on
signing and 50,000 common shares,
$10,000
in cash and 50,000 common shares on the first
anniversary,
$25,000
cash and 75,000 common shares on the second anniversary,
$50,000
cash
and 150,000 common shares on the third anniversary, and
$50,000
cash and 250,000 common
shares on the fourth anniversary and to expend
$60,000
per year over four years. The option
agreement is also subject to a share bonus of one common share per ounce of gold equivalent in the
inferred or greater category to a maximum of 200,000 common shares and a 2% NSR. Talisker has
the right to purchase 100% of the NSR for $1,000,000.
Previous work on the Golden Hornet zone consists of a NW trending sheet vein system with trench
sample intercepts of 21.1g/t gold over 5.1 meters and 4.17 g/t gold over 14 meters. Confirmation
grab sampling of the veins returned values of 26.1g/t and 12g/t gold. The Company notes that these
selected samples are not necessarily representative of the mineralization hosted on the Property.
Limited drilling has been completed within the Project.
The option is subject to the approval of the Canadian Securities Exchange (the "
CSE
").
About Talisker Resources Ltd.
Talisker Resources Ltd. 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 gold producing 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 272,093
hectares over 288 claims, three leases and 154 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.
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.
Sample Preparation and QAQC
Sample preparation and analyses is carried out by ALS Global, at their laboratory in
North
Vancouver, British Columbia
, Canada. Rock 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 (code PREP-31).
Gold in rock samples is analyzed using fire assay of a 50 g sample split with detection by inductively
coupled plasma atomic emission spectrometer (ICP-AES) (code Au-ICP21). Multi-elements are
analyzed by aqua regia digestion of a 0.5 gram sub-sample with detection by inductively coupled
plasma atomic emission spectrometer (ICP-AES) for 51 elements (Au, Ag, Al, As, B, Ba, Be, Bi, Ca,
Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, Hg, 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) (code ME-MS41).
Qualified Person
Luis Arteaga M.Sc.
P.Geo., Exploration Manager is 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:
please contact Terry Harbort, Chief Executive Officer of Talisker, at
[email protected] or (416) 361-2808
CO: Talisker Resources Ltd
CNW 13:09e 03-FEB-20