Talisker Signs Milling Agreement with Nicola Mining Inc.

Rhea-AI Summary

Talisker Resources announces a milling agreement with Nicola Mining Inc., enhancing ore processing capabilities at the Bralorne Gold Project. The agreement allows Nicola to process up to 6,300 tonnes of stockpile mined at Bralorne Gold Project, providing flexibility and contingency for Talisker. Terry Harbort, Talisker's President and CEO, expresses satisfaction with the partnership.

TORONTO, April 09, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that the Company, through its 100% owned subsidiary, Bralorne Gold Mines Ltd., has signed a milling agreement (the “Agreement”) with Nicola Mining Inc. (“Nicola”). As part of the Agreement, Nicola will process up to 6,300 tonnes of stockpile mined at the Bralorne Gold Project and process it at Nicola’s Craigmont Mill located in Merritt, British Columbia.

Terry Harbort, Talisker’s President and CEO commented, “This Agreement with Nicola gives Talisker increased flexibility and contingency for our upcoming ore processing from the Mustang Mine at Bralorne. We are pleased to be working with Peter and his professional team in the near future.”
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. 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 agreement did Talisker Resources announce?

Talisker Resources announced a milling agreement with Nicola Mining Inc.

How many tonnes of stockpile will Nicola process at the Bralorne Gold Project?

Nicola will process up to 6,300 tonnes of stockpile mined at the Bralorne Gold Project.

Where is Nicola's Craigmont Mill located?

Nicola's Craigmont Mill is located in Merritt, British Columbia.

Who is the President and CEO of Talisker Resources ?

Terry Harbort is the President and CEO of Talisker Resources

How can Terry Harbort be contacted for further information?

Terry Harbort can be contacted at terry.harbort@taliskerresources.com or +1 416 357 0227.