TSK.TO · 2021-10-18 12:00:00

Talisker Intersects High Grade Gold on Newly Defined 227 Vein at Bralorne West

Drill Results

Talisker Intersects High Grade Gold on Newly

Defined 227 Vein at Bralorne West

TORONTO

Oct. 18, 2021

/CNW/ - Talisker Resources Ltd. ("

Talisker

" or the "

Company

") (TSX:

TSK) (OTCQX: TSKFF) is pleased to announce high grade results from drill hole SB-2021-054 at its

100% owned flagship Bralorne Gold Project. Five diamond drill rigs are currently drilling at Bralorne.

A total of 65,789 metres consisting of 118 holes of a planned and fully funded 100,000 metre drill

program has been drilled at the Bralorne Gold Project this year with a total of

87,960m

(154 holes)

since Talisker initiated drilling in

February 2020

. There are currently 24 holes consisting of 8,594

samples at the assay laboratory that the Company expects to be received shortly.

Talisker is concurrently drilling a high-grade narrow vein resource within

700m

from surface at

Bralorne and a close to surface (<

350m

) bulk tonnage resource at Pioneer.

Key Points:

Intersected a new vein highlighted by 148.5 g/t Au over

0.5m

within 49.6 g/t Au over

1.5m

Successful intercept targeting of the 101 Vein, 55 Vein and 55FW Vein returning 37.9 g/t Au

over

0.5m

within 6.73 g/t over

3.0m

(101 Vein), 9.8 g/t Au over

0.5m

(55 Vein) and 12.05 g/t Au

over

0.5m

(55FW Vein).

SB-2021-054 intersected near surface low-grade bulk-mineralization within the northwest

extension of the Pioneer granite grading 0.93 g/t Au over

27m

from 16 to 43 metres and 0.8 g/t

Au over

11m

from 83 to

94m

Previous intercepts in the 101 Vein include 7.79 g/t Au over

2.15m

(SB-2020-024) and 6.76 g/t

Au over

2.0m

(SB-2020-028).

This hole increases the number of intercepts for the 101 Vein to 14.

Previous intercepts on the 55 Vein include 43.64 g/t Au over

1.20m

(SB-2020-015), 9.54 g/t Au

over

1.90m

(SB-2021-017) and 12.75 g/t Au over

0.5m

(SB0-2021-058).

This hole increases the number of intercepts for the 55 Vein to 31.

The 55FW Vein is currently being modelled and is highlighted by 8.53 g/t Au over

1.0m

(SB-

2021-058).

Terry Harbort

, President and CEO stated, "The high-grade results highlighted by a more than five

ounces per tonne intercept on the 227 vein, a vein not historically mined, shows the immediate

upside potential at Bralorne being unlocked by our current drill program. We expect to receive more

similar results as congestion eases at the laboratory."

SB-2021-058 Hole Description:

Complete results have been received for this hole.

Located in the Bralorne West block on the northwest margin of the granitic intrusive.

Intersected multiple plugs of granitic intrusive hosted within diorite to

368.5m

followed by diorite

to completion at

707.2m

227 Vein intersected from 272.35 to

723.85 m

with visible gold.

101 Vein intersected from 523.3 to

523.8m

with visible gold.

55 Vein intersected from 615.5 to

616.5m

with visible gold.

55FW Vein intersected 628.3 to

628.8m

with visible gold.

Veins considered classic Bralorne crack-seal quartz-carbonate veins with densely banded

sulphide septae hosting fine-grained arsenopyrite and pyrite mineralization with strong silica-

sericite alteration halos.

Table 1: Bralorne Gold Project - Drill Hole SB-2021-054

Diamond Drill

Hole Name

From

(m)

Interval

(m)

(g/t)

Zone

Method Reported

SB-2021-054

16.5

0.5

0.90

Near Surface

Bulk Zone

Au-AA26

SB-2021-054

16.5

17.5

0.13

Au-AA26

SB-2021-054

17.5

1.5

0.05

Au-AA26

SB-2021-054

19.5

0.5

0.35

Au-AA26

SB-2021-054

19.5

0.5

0.59

Au-AA26

SB-2021-054

20.5

0.5

1.21

Au-AA26

SB-2021-054

20.5

0.5

0.87

Au-AA26

SB-2021-054

21.5

0.5

0.40

Au-AA26

SB-2021-054

21.5

0.5

2.03

Au-AA26

SB-2021-054

22.5

0.5

1.04

Au-AA26

SB-2021-054

22.5

0.5

0.89

Au-AA26

SB-2021-054

23.5

0.5

1.51

Au-AA26

SB-2021-054

23.5

0.5

1.32

Au-AA26

SB-2021-054

24.5

0.5

2.01

Au-AA26

SB-2021-054

24.5

0.5

3.51

Au-AA26

SB-2021-054

25.5

0.5

6.13

Au-AA26

SB-2021-054

25.5

0.5

6.52

Au-AA26

SB-2021-054

26.5

0.5

3.66

Au-AA26

SB-2021-054

26.5

0.5

1.18

Au-AA26

SB-2021-054

27.85

0.85

0.87

Au-AA26

SB-2021-054

27.85

28.35

0.5

0.05

Au-AA26

SB-2021-054

28.35

28.85

0.5

0.05

Au-AA26

SB-2021-054

28.85

29.5

0.65

0.33

Au-AA26

SB-2021-054

29.5

0.5

0.48

Au-AA26

SB-2021-054

30.5

0.5

1.10

Au-AA26

SB-2021-054

30.5

0.5

0.83

Au-AA26

SB-2021-054

31.5

0.5

0.65

Au-AA26

SB-2021-054

31.5

0.5

0.59

Au-AA26

SB-2021-054

32.5

0.5

0.83

Au-AA26

SB-2021-054

32.5

0.5

0.41

Au-AA26

SB-2021-054

33.5

0.5

0.65

Au-AA26

SB-2021-054

33.5

0.5

0.96

Au-AA26

SB-2021-054

34.5

0.5

0.52

Au-AA26

SB-2021-054

34.5

0.5

0.39

Au-AA26

SB-2021-054

35.5

0.5

0.64

Au-AA26

SB-2021-054

35.5

36.5

0.44

Au-AA26

SB-2021-054

36.5

0.5

0.14

Au-AA26

SB-2021-054

37.6

0.6

VOID

Au-AA26

SB-2021-054

37.6

38.2

0.6

1.40

Au-AA26

SB-2021-054

38.2

0.8

0.41

Au-AA26

SB-2021-054

0.28

Au-AA26

SB-2021-054

0.42

Au-AA26

SB-2021-054

0.22

Au-AA26

SB-2021-054

0.11

Near Surface

Bulk Zone

Au-AA26

SB-2021-054

84.5

1.5

0.56

Near Surface

Bulk Zone

Au-AA26

SB-2021-054

84.5

1.5

0.92

Au-AA26

SB-2021-054

87.5

1.5

2.66

Au-SCR24

SB-2021-054

87.5

1.5

0.61

Au-AA26

SB-2021-054

89.5

0.5

0.74

Au-AA26

SB-2021-054

89.5

0.5

0.12

Au-AA26

SB-2021-054

0.51

Au-AA26

SB-2021-054

92.5

1.5

0.38

Au-AA26

SB-2021-054

92.5

1.5

0.12

Au-AA26

SB-2021-054

272.35

272.85

0.5

0.23

227 Vein

Au-AA26

SB-2021-054

272.85

273.35

0.5

0.07

Au-AA26

SB-2021-054

273.35

273.85

0.5

148.50

Au-GRA22

SB-2021-054

522.5

523.3

0.8

0.33

101 Vein

Au-AA26

SB-2021-054

523.3

523.8

0.5

37.90

Au-SCR24

SB-2021-054

523.8

524.3

0.5

0.04

Au-AA26

SB-2021-054

524.3

525.5

1.2

0.80

Au-AA26

SB-2021-054

615

615.5

0.5

0.13

55 Vein

Au-AA26

SB-2021-054

615.5

616

0.5

0.35

Au-AA26

SB-2021-054

616

616.5

0.5

9.80

Au-SCR24

SB-2021-054

627.75

628.3

0.55

0.57

55FW Vein

Au-AA26

SB-2021-054

628.3

628.8

0.5

12.05

Au-SCR24

Notes: Diamond drill hole SB-2021-054 has collar orientation of Azimuth 180; Dip -55. 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 the exploration of 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 the

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 project is drilled in HQ to NQ size ranges (63.5mm and 47.6mm

respectively). Drill core samples are minimum 50 cm and maximum 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 make up 9% of the samples submitted to the lab for holes reported in this release.

Sample preparation and analyses is carried out by ALS Global 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 analysed 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 analysed 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, among other things, effective time of the rights provided to New Gold

under the Investor Rights Agreement, the completion of New Gold's strategic investment; the

completion of the Offering, the use of proceeds, 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 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: SB-2021-054 hole location within the Bralorne West Block. (CNW Group/Talisker

Resources Ltd)

Figure 2: SB-2021-054 cross section intersecting the 227 vein, 101 vein, the 55 vein and the 55FW

vein hosted within Diorite. (CNW Group/Talisker Resources Ltd)

SOURCE

Talisker Resources Ltd

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/October2021/18/c3185.html

%SEDAR: 00005798E

For further information:

Terry Harbort, President & CEO, [email protected],

+1 416 361 2808

CO: Talisker Resources Ltd

CNW 07:00e 18-OCT-21

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