Talisker Announces Completion of the Portal and Initiation of Decline Construction at the Mustang Mine, Bralorne Gold Project

Rhea-AI Summary

Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF) completes construction of the Mustang Mine portal at its Bralorne Gold Project. The company is now working on the construction of the Mustang Mine decline, expected to reach the 3900 level by the end of 2023 and be completed by mid-February 2024. Terry Harbort, President and CEO, is confident of meeting further milestones towards commencing production.

TORONTO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce completion of construction of the Mustang Mine portal its 100% owned Bralorne Gold Project. Work has now commenced on the construction of the Mustang Mine decline to equal dimensions of 4 by 4 metres over a distance of 400 metres. The completion of the decline will allow for simultaneous access to planned stopes on the 3700, 3800 and 3900 levels. Decline construction is expected reach the 3900 level by the end of 2023 and to be completed by mid-February, 2024.

Terry Harbort, Talisker’s President and CEO commented, “The completion of the portal construction at Mustang marks Talisker’s first milestone towards production at the Bralorne Gold Project. With our recent excellent drill results and the advance to decline construction we are confident of meeting our further milestones towards commencing production.”

For further information, please contact:

Terry Harbort President and CEO terry.harbort@taliskerresources.com +1 416 357 0227

Matt Filgate Vice President, Corporate Development matt.filgate@taliskerresources.com +1 778 679 3579

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. In particular, this press release contains forward-looking information relating to, among other things, the timing of construction. 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 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, access and supply risks, reliance on key personnel, 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.

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.

FAQ

What is the latest update from Talisker Resources Ltd. (TSK, TSKFF)?

Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF) has completed the construction of the Mustang Mine portal at its Bralorne Gold Project and is now working on the construction of the Mustang Mine decline.

What is the status of the Mustang Mine decline construction at Talisker Resources Ltd. (TSK, TSKFF)?

The Mustang Mine decline construction is expected to reach the 3900 level by the end of 2023 and be completed by mid-February 2024.

Who is leading Talisker Resources Ltd. (TSK, TSKFF) towards production at the Bralorne Gold Project?

Terry Harbort, President and CEO of Talisker Resources Ltd., is leading the company towards production at the Bralorne Gold Project.

How can I get further information about Talisker Resources Ltd. (TSK, TSKFF)?

For further information, you can contact Terry Harbort, President and CEO at terry.harbort@taliskerresources.com or Matt Filgate, Vice President, Corporate Development at matt.filgate@taliskerresources.com.