Talisker Initiates 2020 Greenfields Exploration Program
Talisker Initiates 2020 Greenfields Exploration
Program
TORONTO
,
June 18, 2020
/CNW/ - Talisker Resources Ltd. ("Talisker" or the "Company") (CSE:
TSK) (OTCQB: TSKFF) is pleased to announce that the Company has initiated its 2020 greenfields
exploration program at its wholly-owned
Spences Bridge
and Remington Gold Projects.
A team of 20 geologists will implement the program that will focus on the completion of the regional
stream sediment geochemical program initiated in 2019 (Phase 1). In addition, the team will conduct
a systematic evaluation of the over 100 new geochemical anomalies generated from the 2019
exploration program. This Phase 2 program will consist of 6,500 soil samples planned to cover
three large prospect areas defined by multi-element, multi-basin anomalies. In addition, the
Company plans on completing permitting for a planned drill program at the Golden Hornet and Dora
Gold Projects late in the 2020 field season. Drilling at the Dora Gold Project will target low
sulphidation epithermal veining associated to contact breccias on the margins of hyperbyssal felsic
intrusives.
Historical work on the Golden Hornet zone identified of a NW trending sheet vein system with trench
sample intercepts of 27 g/t Au over 2 meters; 22.1 g/t Au over 5.2 meters; 4.17 g/t Au over 14
meters; and 1.32 g/t Au over 17 meters, among others. 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 Golden Hornet property and limited
drilling has been completed.
Terry Harbort
, President & CEO of Talisker commented, "We are very excited to have our team
back in the field following the postponement of work due to the Covid-19 crisis. We look to continue
the success of our aggressive 2019 program and advancing our extensive pipeline to drill stage."
The Company is also pleased to announce that it has entered into a definitive purchase agreement
with an arm's length vendor to purchase the SC Property (166.24 hectares) which is contiguous to
the Dora Gold Project. Talisker plans to include the SC Property in the Dora Gold drill permit
application. The SC Property contains a large gold in soil anomaly directly above a mapped rhyolitic
body hosted within the Spences Bridge Volcanics. The historical trenches exposed strongly silicified
rhyolite, hosting stockwork banded low-sulphidation veins and anomalous values up to 1.7 g/t Au.
The SC property extends the geochemical anomaly present at Dora which includes historical rock
samples as high as 7.68 g/t Au and represents an additional target within the Dora project. Under
the terms of the purchase agreement, Talisker has agreed to pay
$30,000
cash and will issue
150,000 shares to the vendor along with a 1% NSR in return for 100% ownership of the SC
Property. The NSR can be purchased by Talisker for
$500,000
. The common shares issued will be
subject to a four month hold period pursuant to applicable securities laws.
About Talisker Resources Ltd.
Talisker (
taliskerresources.com
)
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 291,339 hectares over 321 claims, six leases and 181 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.
Qualified Person
The technical information contained in this news release has been reviewed and approved by
Luis
Arteaga
, M.Sc. P.Geo., Talisker's Exploration Manager, 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.
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. Actual future results may differ materially. In particular, this release contains forward-
looking information relating to, among other things, the 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 assumptions 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 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 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.
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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For further information:
please contact: Terry Harbort, Chief Executive Officer,
[email protected],+1 416 361 2808; Carrie Howes, Director, Investor Relations,
[email protected], +1 416 837 0075
CO: Talisker Resources Ltd
CNW 07:00e 18-JUN-20