Talisker Expands Land Position at Bralorne Gold Project and Appoints Vice President, Exploration & Resource Development
Talisker Expands Land Position at Bralorne
Gold Project and Appoints Vice President,
Exploration & Resource Development
TORONTO
,
March 26, 2020
/CNW/ - Talisker Resources Ltd. ("Talisker" or the "Company") (CSE:
TSK) (OTCQB: TSKFF) is pleased to announce that the Company has expanded its land position in
the Bralorne Gold Camp with the acquisition of the Royalle property increasing the strike length of
Talisker's 100% owned Bralorne Gold Project. Under the terms of the agreement, Talisker has
agreed to pay
$60,000
cash and to issue 600,000 common shares of Talisker. The Vendor will
retain a 1% NSR that Talisker can purchase for
$1,000,000
.
The Royalle property consists of four claim blocks comprising 3,827 hectares (the "Property"). The
claims sit directly south of the historic Bralorne-Pioneer mine along strike of the Cadwaller break and
host eight exploration targets including mesothermal gold and silver veins and skarn style
mineralization. The main target is the Piebiter zone with historic adit sampling returning gold grades
of 4.3 g/t over 21 meters and selective grab samples of up to 227 g/t Au. The Chopper silver vein
has been delineated for 2,400 meters and with selective grab samples up to 1,585 g/t Ag. The
Company notes that these selected samples are not necessarily representative of the mineralization
hosted on the Property and limited drilling has been completed on the Property. A qualified person
has not verified the data disclosed in respect of the Property, including sampling, analytical and test
data underlying this information. The data comes from historic reports prepared by previous owners.
The acquisition is subject to the approval of the Canadian Securities Exchange.
Talisker also announces the appointment of
Leonardo de Souza
as Vice President, Exploration and
Resource Development.
Ruben Padilla
, the Company's former Vice President, Exploration has been
appointed Director of Geology.
Leonardo holds a Bachelor of Science from the Universidade de
Brasilia, Brazil
. He has 35 years of
experience in mineral exploration and 21 years in mineral resource estimation. In exploration, his
majority experience is in brownfields exploration for gold and copper, having participated in the
addition of over 9 Moz of gold resources in the operations of AngloGold in
South America
, and over
2 Moz of gold plus 4.6 Blbs of copper in resources of the Salobo project in
Brazil
for
Anglo
American
. In resource estimation, Leonardo's experience spans a range of commodities and deposit
styles in a number of countries, performing resource evaluations from grassroots opportunities to
feasibility studies and mining operations. Leonardo is a Certified Professional (CP) and member of
the Australian Institute of Mining and Metallurgy (AusIMM).
"The acquisition of the Royalle property increases the regional upside potential of the Bralorne Gold
Camp with known mesothermal vein systems and characteristics similar to the Bralrone-Pioneer
deposit, adding upside potential to the Bralorne Gold Project as a whole," stated
Terence Harbort
,
President and CEO, who added on the appointment of
Leonardo de Souza
, "Leonardo provides a
wealth of targeting and resource development experience in vein systems similar to Bralorne such as
the world class Cuiabá, Corrego do Sitio and Serra Grande Mines in
Brazil
and most recently by
leading the resource modelling at Barkerville Gold Mines' Cariboo Project delivering over 4Moz in
resources."
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 producing gold 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 274,432
hectares over 292 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.
Related Links -
taliskerresources.com
Qualified Person
The technical information contained in this news release 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.
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.
SOURCE
Talisker Resources Ltd
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%SEDAR: 00005798E
For further information:
please contact Terry Harbort, Chief Executive Officer of Talisker, at
[email protected] or (416) 361-2808.
CO: Talisker Resources Ltd
CNW 14:27e 26-MAR-20