TORONTO, Oct. 27, 2020 /CNW/ - Talisker Resources Ltd.
("Talisker" or the "Company") (TSX: TSK) (OTCQX: TSKFF) is pleased
to provide an update on its Greenfield's exploration program at its
Spences Bridge, Remington and
Golden Hornet projects, all located in British Columbia (see Figure 1 – Location
Map). Collectively, the projects comprise 188 claims over a
2,406 square kilometre area (240,602 ha). Over the course of the
2020 summer field season, a team of 20 geologists executed a
comprehensive geochemical program collecting soil (6,020), stream
(273), rock (529) and talus fine (23) samples and 1:5000 scale
geological and reconnaissance mapping across all three project
areas. This included the completion of the Company's Phase 1
program over the entirety of the Spences Bridge Gold Project area,
where 13 prospects have been generated. Talisker has initiated
permitting for the purpose of diamond drilling on the Golden Hornet
Project and Dora target and anticipates receiving approval in early
2021.
Highlights for this year's Greenfield's exploration field season
included the discovery of outcropping, epithermal-style quartz
veins at its Nova and Cyclone prospects (see Figure 1) located on
its Spences Bridge Gold Project where no historic work has been
reported at either prospect previously. Work at the Golden Hornet
Project followed up on historic trench sample assays (up to 30 g/t
gold) with rock chip samples from outcrop yielding gold values up
to 26 g/t (see Figure 1). Follow-up work also brought the
Falcon, Cobra and Dora prospects closer to drill ready status.
Talisker notes that receipt of assay results has been hindered due
to the large volume of samples currently backlogged at analytical
laboratories in British Columbia,
Canada.
Terry Harbort, President and CEO
of Talisker stated, "We are extremely pleased with the progress we
have made on our Spences Bridge,
Remington and Golden Hornet projects this year, particularly the
discovery of epithermal-style quartz veins within some of our key
prospects. Some of the veins encountered in outcrop at our
Nova prospect in particular exhibit classic colloform and opalized
silica vein textures characteristic of classic high-level
epithermal environments. We are currently preparing
geophysical surveys over key areas and soil geochemical surveys at
Golden Hornet and the Nova and Cyclone prospects are well advanced.
We look forward to advancing these exciting new discoveries
alongside our continued drilling campaign at our Bralorne Gold
Project."
The Company anticipates receipt of its soil geochemical survey
at Golden Hornet in the near term, while more assay results from
the Company's drilling program at the Bralorne Gold Project are
expected in the coming weeks. Meanwhile, the mobilization of
two additional drill rigs announced on October 19, 2020 is proceeding on schedule, with
the transport of additional office and accommodation space
currently underway.
Highlights from Talisker's 2020 Greenfields exploration program
include the following:
Spences Bridge Project
Cyclone and Nova
The Cyclone and Nova prospects were discovered through follow-up
work on Phase 1 exploration from the 2019 field season. Both
prospects are highlighted by two newly discovered low-sulphidation
epithermal systems associated with anomalous stream-sediment
samples. The Company notes that no previous work has been
reported at either prospect. Scale mapping (1:5000) with
upper-level epithermal rock textures identified and preliminary
assays returning pathfinder and rock-chip samples are currently
awaiting assaying at the lab (see Figure 2a). While the
extent of these vein systems is not yet fully understood, Talisker
notes that only 5 kilometres separates the Nova and Cyclone target
areas, illustrating the potential for an extensive epithermal
system. These prospects will be the focus of Phase 2 exploration in
2020 and early 2021.
Falcon, Cobra and Dora
Results from the 3,382 soil samples collected earlier in the
2020 field season at the Falcon and Cobra prospects both yielded
gold-in-soil geochemical anomalies that were followed up with
mapping and prospecting. The Falcon soil geochemistry survey
yielded a robust 1500m x 600m, northwest trending coincident gold
(including pathfinder elements) anomaly associated with a
silica-clay altered rhyolite dome hosting colloform and chalcedonic
quartz veins consistent with low-sulphidation epithermal systems
(Figure 2A, 2B). Mapping was
completed at the Dora prospect, where several linear-trending
gold-in-soil anomalies coincident with gold mineralized rhyolitic
dykes of 1 to 6 g/t gold were defined and identified last year.
Meanwhile, results from the soil survey at Cobra defined an
1,800m x 600m multi-element anomaly including gold and
pathfinder elements consistent with skarn systems. Given epithermal
and skarn-type systems require different approaches to exploration,
Talisker is assessing its exploration strategy for all three
prospects which will be drill ready once geophysical surveys have
been completed.
Golden Hornet
Work commenced at the Golden Hornet property, which is under an
option agreement signed by Talisker late January 2020 and included a soil geochemical
survey, geological mapping and rock-chip sampling. Preliminary
rock-chip assay results from outcropping quartz veins returned
values up to 26 g/t gold (Figure 2C), reflecting the historic
trench samples of up to 30 g/t gold associated with massive
sulphide and sheeted quartz veins. Phase 2 soil geochemistry
and detailed geological mapping is complete, however, results from
the soil survey are pending the backlog of samples at the assay lab
in British Columbia.
Remington
Phase 1 exploration work continued at the Remington project,
with 149 stream sediment samples collected, adding to the 227
samples collected last year. A total of 609 first order stream
drainages have been investigated at Remington. Samples were
submitted and remain at the lab awaiting analysis.
Talisker is providing an opportunity for shareholders and other
interested parties to participate in a Webinar to be held at 4 pm
ET on Thursday, October 29,
2020. To register, please click on the following link
- https://us02web.zoom.us/webinar/register/WN_wNh6UIu2QciyTKB9PAlMMQ.
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 Project, an advanced
stage project with significant exploration potential from a
historical high-grade producing gold mine 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 297,644 hectares over 331
claims, six leases and 181 crown grant claims, Talisker is a
dominant exploration player in the south-central British Columbia. The Company is well funded
to advance its aggressive systematic exploration program at its
projects.
Qualified Person
The technical information contained in this new release has been
approved by Luis Arteaga, M.Sc.
P.Geo. Talisker's Exploration Manager, who is a "qualified person"
within the meaning National Instrument 43-101, Standards of
Disclosure for Mineral 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.
Actual future results may differ materially. In particular, this
release contains forward-looking information relating to, among
other things, the operations of the Company and the timing which
could be affected by the current global COVID-19 pandemic. 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.
While Talisker considers these assumptions to be reasonable
based on information currently available, they may prove to be
incorrect. 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 and the COVID-19 pandemic, access and supply risks,
reliance on key personnel, operational risks, and regulatory risks,
including risks relating to the acquisition of the necessary
licenses and permits, financing, capitalization and liquidity
risks.
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.
SOURCE Talisker Resources Ltd