Talisker Announces High-Grade Drill Results from the Bralorne Gold Project Resource Conversion Program

Rhea-AI Summary

Talisker Resources Ltd. (TSX:TSK | OTCQX:TSKFF) announced high-grade drill results at its Bralorne Gold Project, including 47.60 g/t Au over 1.20 metres and 118.50 g/t Au over .50 metres. The resource conversion drill program aims to increase confidence in the Alhambra and BK Vein. The company's President and CEO, Terry Harbort, expressed optimism about the results and the continuous stream of upcoming results.

Positive

• High-grade drill results with 47.60 g/t Au over 1.20 metres and 118.50 g/t Au over .50 metres
• 15,000 metres of planned drilling initiated on October 17, 2023
• Focus on increasing confidence in the Alhambra and BK Vein
• President and CEO optimistic about the results and upcoming results

Negative

• None.

TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce high-grade drill results highlighted by 47.60 g/t Au over 1.20 metres within a broader interval of 8.99 g/t over 6.80 metres at its 100% owned flagship Bralorne Gold Project.

Key Points:

• Talisker initiated resource conversion drilling on October 17, 2023 with 15,000 metres of planned drilling.
• Hole SB-2023-003 intersected 47.60 g/t Au over 1.20 metres within a broader interval of 8.99 g/t Au over 6.80 metres on the Alhambra Vein.
• Hole SB-2023-004 intersected 118.50 g/t Au over .50 metres within 27.48 g/ton Au over 2.25 metres on the BK Vein and 11.72 g/t Au over 1.50 metres on the Alhambra Vein.
• The resource conversion drill program is focused on increasing confidence in the Alhambra and BK Vein.

Terry Harbort, President and CEO of Talisker, stated, “These first results from our Mustang infill drill program continue to clearly demonstrate the grade and continuity we have come to expect from the Bralorne Gold Project. With a significant number of drill holes currently at the laboratory, we will be receiving a constant stream of results over the coming months.”

SB-2023-003 Description

• Partial results received; two samples pending re-run.
• Located in the King block and intersected dioritic intrusive.
• Alhambra Vein intersected from 110.7 to 111.9m as a banded brecciated quartz vein hosting visible gold and arsenopyrite and pyrite mineralization and moderate silica alteration.
  

SB-2023-004 Description

• Complete preliminary results received.
• Located in the King block and intersected dioritic intrusive.
• Alhambra Vein Splay intersected from 81.7 to 82.42m as a banded brecciated quartz vein hosting arsenopyrite and pyrite mineralization.
• Alhambra Vein intersected from 95.11 to 97.24m as a banded brecciated quartz vein hosting visible gold and arsenopyrite and pyrite mineralization and moderate silica / mariposite alteration.

Major vein structures intersected are considered classic Bralorne crack-seal quartz-carbonate veins with densely banded sulphide septae. Crack-seal septae host fine-grained arsenopyrite and pyrite mineralization. Alteration halos consist of strong silica-sericite±mariposite alteration halos.

Table 1: Bralorne Gold Project - Drill Holes SB-2023-003 and SB-2023-004
Diamond Drill Hole Name	From (m)	To (m)	Interval (m)	Au (g/t)	Interpreted Structure	Method Reported
SB-2023-003	109.2	109.7	0.5	0.24	Alhambra		Au-AA26
SB-2023-003	109.7	110.2	0.5	0.34			Au-AA26
SB-2023-003	110.2	110.7	0.5	1.11			Au-AA26
SB-2023-003	110.7	111.3	0.6	28.50			Au-AA26
SB-2023-003	111.3	111.9	0.6	66.70			Au-AA26
SB-2023-003	111.9	112.4	0.5	0.43			Au-AA26
SB-2023-003	112.4	112.9	0.5	0.28			Au-AA26
SB-2023-003	112.9	113.4	0.5	1.15			Au-AA26
SB-2023-003	113.4	114	0.6	1.55			Au-AA26
SB-2023-003	114	115	1	0.24			Au-AA26
SB-2023-003	115	116	1	1.05			Au-AA26
SB-2023-004	37.25	37.75	0.5	0.45	BK		Au-AA26
SB-2023-004	37.75	38.25	0.5	118.50			Au-GRA22
SB-2023-004	38.25	38.75	0.5	1.37			Au-AA26
SB-2023-004	38.75	39.25	0.5	0.71			Au-AA26
SB-2023-004	39.25	40	0.75	2.05			Au-AA26
SB-2023-004	95.1	95.8	0.7	1.34			Alhambra		Au-AA26
SB-2023-004	95.8	96.3	0.5	3.09					Au-AA26
SB-2023-004	96.3	96.8	0.5	26.90					Au-AA26
SB-2023-004	96.8	97.3	0.5	5.17					Au-AA26
SB-2023-004	97.3	97.8	0.5	1.19					Au-AA26
SB-2023-004	97.8	98.3	0.5	0.13					Au-AA26
SB-2023-004	98.3	99	0.7	0.13					Au-AA26
Notes: Diamond drill hole SB-2023-003 has a collar orientation of Azimuth 167; Dip -75. Diamond drill hole SB-2023-004 has a collar orientation of Azimuth 154; Dip -70.5. 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.

All reported drill assay results are available on the Company’s website.

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

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 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.

Sample Preparation and QAQC

Drill core at the Bralorne Gold Project is drilled in HQ to NQ size ranges (63.5mm and 47.6mm, respectively). Drill core samples are a minimum of 50 cm and a maximum of 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 3m 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 makeup 9% of the samples submitted to the lab for holes reported in this release. ALS Global performs sample preparation and analyses 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 analyzed 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 analyzed 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 Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance and include statements regarding the Royalty Transaction, including the expected closing date. 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. 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.

Figure 1: Plan view of holes SB-2023-003-004 intersecting the Alhambra and BK Veins within the proposed Mustang Mine.

Figure 2: Holes SB-2023-003-004 intersections of BK and Alhambra veins within the Mustang area.

Figure 3: Resource conversion drilling, holes SB-2023-003-004 with year 1 and year 2 stopes in the proposed Mustang Mine.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/aaa6edb3-77b2-43e3-90b1-9c44b29bfa17

https://www.globenewswire.com/NewsRoom/AttachmentNg/aaa6304c-384b-4597-9a56-8914d2bcb7e9

https://www.globenewswire.com/NewsRoom/AttachmentNg/2bbde96b-a91d-497b-884a-029762d50b4e

FAQ

What are the recent high-grade drill results announced by Talisker Resources Ltd. (TSX:TSK | OTCQX:TSKFF)?

Talisker announced high-grade drill results at its Bralorne Gold Project, including 47.60 g/t Au over 1.20 metres and 118.50 g/t Au over .50 metres.

What is the aim of Talisker's resource conversion drill program?

The resource conversion drill program aims to increase confidence in the Alhambra and BK Vein.

Who expressed optimism about the results and the continuous stream of upcoming results?

Terry Harbort, the President and CEO of Talisker, expressed optimism about the results and the continuous stream of upcoming results.

When was the 15,000 metres of planned drilling initiated?

The 15,000 metres of planned drilling was initiated on October 17, 2023.