Talisker Intersects 42.61 g/t Au over 1.3 Metres Within 15.51 g/t Au over 3.70 Metres at the Bralorne Gold Project

Rhea-AI Summary

Talisker Resources Ltd. (TSKFF) reported high-grade assay results from its North Vein in the King mining block, part of the Bralorne Gold Project. Key highlights include:

• SB-2022-053: 42.61 g/t Au over 1.30 metres.
• SB-2022-032: 12.04 g/t Au over 3.60 metres.
• Overall, 401 vein intersections with an average diluted grade of 9.45 g/t Au.

The Company anticipates releasing its maiden resource statement in November, showing significant resource expansion potential with 86 identified veins, of which 74 are open in all directions.

Positive

• High-grade gold assays reported, including 42.61 g/t Au over 1.30 metres (SB-2022-053).
• 401 vein intersections at Bralorne yielding an average diluted grade of 9.45 g/t Au.
• Upcoming maiden resource statement expected to show significant resource expansion potential.

Negative

• Delays caused by assay re-runs and the necessity for stope optimization.

TORONTO, Oct. 27, 2022 /PRNewswire/ - Talisker Resources Ltd. ("Talisker" or the "Company") (TSX: TSK) (OTCQX: TSKFF) is pleased to announce high-grade results from the North Vein located within the historic King mining block. The results are the final assays received from the 2022 pre-resource drill program that were re-assayed following initial laboratory failure of QAQC.

Key Points:

• Holes SB-2022-032, 036, 044, 053, 063 and 068A are located within the King Mining Block and focuses on the King, North and C Veins.
• Hole SB-2022-053 is highlighted by:
• 42.61 g/t Au over 1.30 metres within 15.51 g/t Au over 3.70 metres (North Vein)
• Hole SB-2022-032 intersected a total of three veins highlighted by:
• 12.04 g/t Au over 3.60 metres within a broader zone of 2.44 g/t Au over 22.50 metres (New Vein)
• 13.72 g/t Au over 1.20 metres (243 Vein)
• 12.14 g/t Au over 1.00 metres (North Vein)
• Hole SB-2022-068A is highlighted by:
• 19.17 g/t Au over 2.35 metres (North Vein)
• Hole SB-2022-063 is highlighted by:
• 11.48 g/t Au over 1.00 metres (King Vein)
• 6.15 g/t Au over 1.50 metres (King Splay)
• Talisker drilling to date at the Bralorne Gold Project has produced 401 vein intersections with a combined weighted average diluted grade of 9.45 g/t over an average intersection length of 1.73 metres.

Terry Harbort, President and CEO of Talisker, commented, "These final results continue to demonstrate the consistent high-grade nature of the veins at the Bralorne Gold Project. Despite delays caused by these assay re-runs and the new requirement to conduct stope optimization of inferred resource to meet the "Reasonable Prospects for Eventual Economic Extraction" guidelines, we expect to release our maiden resource statement in November and to meet our anticipated range. With the entire resource located from surface to 700m depth, approximately 70% represents brand new discovered ounces with minimal or no historic activity, 20% represents resource along strike from historic stopes and 10% is remnant ore bodies.  Of the 86 veins now identified at Bralorne, 74 are open in all directions indicating the clear near-term resource expansion upside."

A total of 140,476 metres (286 holes) has been drilled since Talisker initiated drilling at the Project in February 2020.  

Talisker is providing an opportunity for shareholders and other interested parties to participate in a Webinar to be held at 1 pm ET on Tuesday, November 1^st,  To register, please click on the following link https://us02web.zoom.us/webinar/register/WN_CsU7_-SMR--TrsHxr0f9Fw

SB-2022-032 Hole Description:

• Complete assay results received
• Located in the King block and hosted in diorite and sediment
• New vein intersected from 12.8 to 13.15 metres with visible gold
• 243 vein intersected from 273.58 to 274.56 metres with visible gold
• North Vein intersected from 341.85 to 342.05 metres with visible gold

SB-2022-036 Hole Description:

• Complete assay results received
• Located in the King block and hosted in diorite and sediment
• C vein intersected from 383.18 to 384.38 metres with pyrite and arsenopyrite

SB-2022-044 Hole Description:

• Complete assay results received
• Located in the King block and hosted in diorite and sediment
• North vein intersected from 334.35 to 336.05 metres with pyrite and arsenopyrite

SB-2022-053 Hole Description:

• Complete assay results received
• Located in the King block and hosted in and diorite and sediment
• North vein intersected from 273.00 – 273.92 metres with pyrite and arsenopyrite
• Shaft vein intersected from 371.00 – 371.30 metres with pyrite and arsenopyrite

SB-2022-063 Hole Description:

• Complete assay results received
• Located in the King block and hosted in diorite and sediment
• King vein intersected from 540.1 to 541.7 metres with pyrite and arsenopyrite
• Splay of the King vein intersected from 562.7 to 562.92 metres with pyrite and arsenopyrite

SB-2022-068A Hole Description:

• Complete assay results received
• Located in the King block and hosted in diorite and sediment
• North vein intersected from 277.55 to 277.7 metres with pyrite and arsenopyrite

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.

All reported drill assay results are available on the Company's website at the following link: https://taliskerresources.com/bralorne-gold-project-released-drill-results/.

Table 1: Bralorne Gold Project - Drill Holes SB-2022-032, 036, 044, 053, 063, 068A
Diamond Drill Hole Name	From (m)	To (m)	Interval (m)	Au (g/t)	Interpreted Structure	Method Reported
SB-2022-032	12.8	13.3	0.5	32.70	New Vein	Au-AA26
SB-2022-032	13.3	14	0.7	0.17	Vein Halo	Au-AA26
SB-2022-032	14	15	1	0.14		Au-AA26
SB-2022-032	15	16.5	1.5	0.14		Au-AA26
SB-2022-032	269	270	1	2.76	Vein Halo	Au-AA26
SB-2022-032	270	271	1	11.85	243 Vein	Au-AA26
SB-2022-032	271	271.5	0.5	24.90	243 Vein	Au-AA26
SB-2022-032	271.5	272	0.5	14.00		Au-AA26
SB-2022-032	272	272.5	0.5	12.00		Au-AA26
SB-2022-032	272.5	273	0.5	4.50		Au-AA26
SB-2022-032	273	273.6	0.6	6.33		Au-AA26
SB-2022-032	273.6	274.55	0.95	0.69		Au-AA26
SB-2022-032	274.55	275.3	0.75	0.34	Vein Halo	Au-AA26
SB-2022-032	340.9	341.7	0.8	0.33	Vein Halo	Au-AA26
SB-2022-032	341.7	342.2	0.5	23.90	North Vein	Au-AA26
SB-2022-032	342.2	342.7	0.5	0.37	Vein Halo	Au-AA26
SB-2022-036	383	383.85	0.85	2.90	Vein Halo	Au-AA26
SB-2022-036	383.85	384.35	0.5	14.65	C Vein	Au-AA26
SB-2022-036	384.35	384.85	0.5	0.43	Vein Halo	Au-AA26
SB-2022-044	334.35	334.85	0.5	6.51	North Vein	Au-AA26
SB-2022-044	334.85	335.5	0.65	3.43		Au-AA26
SB-2022-044	335.5	336.05	0.55	4.42		Au-AA26
SB-2022-053	269.25	270	0.75	0.49	Vein Halo	Au-AA26
SB-2022-053	270	271	1	0.46		Au-AA26
SB-2022-053	271	271.8	0.8	0.25		Au-AA26
SB-2022-053	271.8	272.45	0.65	0.31		Au-AA26
SB-2022-053	272.45	272.95	0.5	0.43		Au-AA26
SB-2022-053	272.95	273.75	0.8	65.90	North Vein	Au-AA26
SB-2022-053	273.75	274.25	0.5	5.35	Vein Halo	Au-AA26
SB-2022-053	274.25	275.25	1	0.22		Au-AA26
SB-2022-053	275.25	276.2	0.95	0.36		Au-AA26
SB-2022-053	370.4	370.9	0.5	1.04	Vein Halo	Au-AA26
SB-2022-053	370.9	371.4	0.5	8.60	Shaft	Au-AA26
SB-2022-063	536.9	537.65	0.75	1.27	Vein Halo	Au-AA26
SB-2022-063	537.65	538.45	0.8	0.98		Au-AA26
SB-2022-063	538.45	539	0.55	0.95		Au-AA26
SB-2022-063	539	539.6	0.6	2.61		Au-AA26
SB-2022-063	539.6	540.2	0.6	1.67		Au-AA26
SB-2022-063	540.2	540.7	0.5	1.25	King Vein	Au-AA26
SB-2022-063	540.7	541.2	0.5	19.50		Au-AA26
SB-2022-063	541.2	541.7	0.5	3.45	Vein Halo	Au-AA26
SB-2022-063	541.7	542.35	0.65	2.35		Au-AA26
SB-2022-063	542.35	542.9	0.55	2.81		Au-AA26
SB-2022-063	542.9	543.6	0.7	1.80		Au-AA26
SB-2022-063	543.6	544.5	0.9	0.20		Au-AA26
SB-2022-063	544.5	545.25	0.75	0.85		Au-AA26
SB-2022-063	545.25	546.3	1.05	0.27	Vein Halo	Au-AA26
SB-2022-063	546.3	547.05	0.75	0.25		Au-AA26
SB-2022-063	547.05	547.65	0.6	0.22		Au-AA26
SB-2022-063	560.6	561.5	0.9	0.52	King Splay	Au-AA26
SB-2022-063	561.5	562.25	0.75	4.50		Au-AA26
SB-2022-063	562.25	563	0.75	7.79		Au-AA26
SB-2022-068A	277.5	278	0.5	88.70	North Vein	Au-AA26
SB-2022-068A	278	278.8	0.8	0.07	Vein Halo	Au-AA26
SB-2022-068A	278.8	279.3	0.5	0.45		Au-AA26
SB-2022-068A	279.3	279.85	0.55	0.77		Au-AA26

Notes: Diamond drill hole SB-2022-032 has a collar orientation of Azimuth 180; Dip -52.5.  Diamond drill hole SB-2022-036 has a collar orientation of Azimuth 145; Dip -69.  Diamond drill hole SB-2022-044 has a collar orientation of Azimuth 194; Dip -61. Diamond drill hole SB-2022-053 has a collar orientation of Azimuth 202; Dip -56.  Diamond drill hole SB-2022-063 has a collar orientation of Azimuth 151; Dip -63. Diamond drill hole SB-2022-068A has a collar orientation of Azimuth 140; Dip -47. 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 304,931 hectares over 500 claims, three leases and 197 crown grant claims, Talisker is a dominant exploration player in south-central British Columbia.

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. 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). Gold in diamond drill core is analyzed by fire assay and atomic absorption spectroscopy (AAS) of a 50g sample (ALS code Au-AA26), 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) 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) which has an upper detection limit of 10,000 ppm Au.

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. 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.

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SOURCE Talisker Resources Ltd

FAQ

What were the key assay results from Talisker Resources' recent press release on October 27, 2022?

The results include significant gold grades such as 42.61 g/t Au over 1.30 metres from hole SB-2022-053.

When is Talisker Resources expected to release its maiden resource statement?

Talisker Resources expects to release its maiden resource statement in November 2022.

How many vein intersections have been identified at the Bralorne Gold Project?

Talisker has identified 401 vein intersections at the Bralorne Gold Project.

What is the average grade of gold found in the Bralorne Gold Project?

The average diluted grade of gold from drill results is 9.45 g/t.

What is the significance of the identified veins at Bralorne Gold Project?

Of the 86 veins identified, 74 are open in all directions, indicating potential for resource expansion.