TORONTO, Jan. 14, 2021 /CNW/ - Talisker Resources Ltd.
("Talisker" or the "Company") (TSX: TSK) (OTCQX: TSKFF) is pleased
to announce it has commenced the first stage of its resource
delineation drill program at its 100% owned Bralorne Gold
Project.
Key Points:
- Program targets conversion to inferred category of veins
validated during 2020 drill program
- Stage one (50,000m) focuses on
veins located within 700m from
surface
- Four drill rigs will be active during winter months increasing
to eight rigs after Spring freshet
- All drilling to be conducted from surface drill pads
- Talisker is fully funded to complete program
Stage 1 will consist of 50,000 metres of drilling and will
target veins validated during the 2020 season (Table 1 below) from
depths from 50m below surface to
700m below surface. Due to the
shallow depth of the target areas, all holes will be drilled from
surface locations. A total of four drill rigs are currently active
at Bralorne and this number will be increased to eight in the
Spring of 2021 following freshet and the planned upgrade of
accommodation and logging infrastructure. Talisker is fully funded
to execute the program.
"To be drilling out our maiden resource within two years of
forming the Company is a significant achievement for Talisker and
clearly demonstrates the quality and potential of the Bralorne
asset," commented Terry Harbort,
President and CEO of Talisker. who added, "In addition to the now
active resource drill program, Talisker is also evaluating multiple
high-grade satellite targets along strike of the prolific
30-kilometre Cadwallader Break, in-line with our aggressive plans
to develop Bralorne as a mineral district."
2021 Phase 1
Resource Drilling Plan at Bralorne
|
Zone
|
Vein
|
Historic Mine
Area
|
Average
width
(m)
|
Strike
Length
(m)
|
Plunge
Length
(m)
|
Average
grade
(g/t)
|
No of Historic
Samples
|
2020 Drillhole
Inter-sections *
|
< 300 m
Depth
|
Charlotte
|
Bralorne
|
6.0
|
690
|
700
|
2.1
|
39
|
12
|
Empire
|
Bralorne
|
2.0
|
400
|
700
|
3.1
|
15
|
8
|
TOTAL /
AVERAGE
|
4
|
545
|
700
|
2.6
|
54
|
20
|
300 - 700 m
Depth
|
55
|
Bralorne
|
1.0
|
64
|
212
|
9.2
|
1164
|
11
|
53
|
Bralorne
|
1.4
|
53
|
111
|
16.9
|
913
|
5
|
51
|
Bralorne
|
1.0
|
62
|
206
|
8.1
|
1020
|
3
|
52
|
Bralorne
|
1.0
|
78
|
260
|
10.2
|
314
|
|
73
|
Bralorne
|
0.9
|
56
|
193
|
9.1
|
493
|
3
|
77
|
Bralorne
|
0.8
|
36
|
221
|
10
|
254
|
|
North
|
King
|
0.8
|
60
|
201
|
9.2
|
174
|
|
King
|
King
|
0.8
|
81
|
184
|
6.7
|
202
|
|
Shaft
|
King
|
0.8
|
28
|
289
|
16.6
|
45
|
|
Peter
|
King
|
2.1
|
46
|
203
|
4.8
|
76
|
|
75
|
Bralorne
|
0.8
|
45
|
84
|
16.6
|
29
|
|
2
|
King
|
0.9
|
52
|
206
|
4.2
|
51
|
|
TOTAL /
AVERAGE
|
1
|
55
|
197
|
11
|
4735
|
22
|
OVERALL TOTAL /
AVERAGE
|
3
|
300
|
448
|
7
|
4789
|
42
|
* Average potential
grade based on historic samples and Talisker drilling
|
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, 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 278,364 hectares over 256
claims, three leases and 198 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 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.
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