Talisker Announces Preliminary Mine Plan for the Bralorne Gold Project

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Tags

Rhea-AI Summary

Talisker Resources completes preliminary mine plan for Bralorne Gold Project, test mining projected to begin in Q2 2024

Positive

Talisker is commencing the next phase of corporate growth with mine development
Increased dimensions of the portal and decline ramp will allow for greater production rate

Negative

None.

09/13/2023 - 07:00 AM

TORONTO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce completion of the preliminary mine plan for its 100% owned Bralorne Gold Project, defining development for test stopes in Year 1 and Year 2. Talisker will be submitting a Notice of Alteration (“NOA”) for the existing M-207 Major Mines Permit which will include the mine plan and schedule for the Mustang Mine where test mining is projected to begin in Q2 2024.

Next Steps to Test Mining

NOA submittal to contain the preliminary Mine Plan for test mining at the Mustang Mine, in accordance with Talisker’s existing M-207 Major Mines Permit;
Enlarge the portal entrance to 4m x 4m in Q4 2023;
Increase the access ramp dimensions to 4m x 4m upon completion of portal entrance;
New development to gain access to the Alhambra Vein and BK-9870 Vein ore zones on multiple levels, starting in Q1 2024; and
Test mining using long-hole stoping method to begin Q2 2024.

Terry Harbort, President and CEO of Talisker, stated, “We are excited to be commencing this next phase of corporate growth at Talisker with mine development to gain access to our next couple of years of production. The increased dimensions of the portal and decline ramp will allow Talisker to move to a greater production rate in a shorter timeline than previously planned.”

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 of gold projects in British Columbia, Canada. Talisker’s projects include 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 291,392 hectares over 487 claims, three leases and 197 crown grant claims, Talisker is a dominant exploration player in south-central British Columbia.

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.