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Talisker Announces Further High-Grade Drill Results from the Bralorne Gold Project Resource Conversion Program

Press Release

TORONTO, Jan. 17, 2024 — Talisker Resources Ltd. (“ Talisker ” or the “ Company ”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce additional high-grade drill results highlighted by 36.84 g/t Au over 1.00 metres within a broader interval of 3.71 g/t over 12.50 metres at its 100% owned flagship Bralorne Gold Project.

Key Points:

  • Talisker initiated resource conversion drilling on October 17, 2023 with 15,000 metres of planned drilling.
  • Hole SB-2023-017A intersected 36.84 g/t Au over 1.00 metres within a broader interval of 3.71 g/t Au over 12.50 metres on the BK Vein.
  • Hole SB-2023-007 intersected 16.29 g/t Au over 2.10 metres within a broader interval of 8.18 g/t Au over 4.45 metres on the Alhambra Vein.
  • Hole SB-2023-006 intersected 10.27 g/t Au over 1.9 metres on the BK-9870 Vein.
  • The resource conversion drill program is focused on increasing confidence in the Alhambra and BK Vein.

Felipe Castaneda, Vice President, Technical Services of Talisker, stated, “Our team is very pleased with the high-grade results we continue to receive from the Mustang Mine resource conversion drilling campaign. Hole SB-2023-017A confirms grade continuity within the BK vein’s proposed planned stopes for 2025 and 2026. Hole SB-2023-006 extends the BK-9870 structure up dip approximately 35m from currently planned stopes, while SB-2023-007 extends the Alhambra vein laterally to the southeast. We’re also very excited to see the thickness of the mineralized halo surrounding the vein structures, which will help to reduce dilution and improve overall mineability during test mining.”

SB-2023-006 Description

  • Complete results received.
  • Located in the King block and intersected dioritic intrusive.
  • BK-9870 Vein intersected from 34.55 to 35.55m as a brecciated quartz vein hosting arsenopyrite and pyrite mineralization with moderate silica alteration.

SB-2023-007 Description

  • Complete results received.
  • Located in the King block and intersected dioritic intrusive.
  • Alhambra Vein intersected from 146.55 to 147.65m as a banded brecciated quartz vein hosting visible gold, arsenopyrite and pyrite mineralization.

SB-2023-017A Description

  • Complete results received.
  • Located in the King block and intersected dioritic intrusive.
  • BK Vein intersected from 309.55 to 310.55m as a banded brecciated quartz vein hosting visible gold, arsenopyrite and pyrite mineralization.

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.

Table 1: Bralorne Gold Project – Drill Holes SB-2023-006, 2023-007 and 2023-017A
Diamond Drill Hole Name From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Interpreted Structure
SB-2023-006 29 30 1 0.37 BK-9870 Vein Halo
SB-2023-006 30 30.5 0.5 0.54
SB-2023-006 30.5 31.5 1 0.16
SB-2023-006 31.5 32.55 1.05 0.33
SB-2023-006 32.55 33.15 0.6 0.35
SB-2023-006 33.15 33.65 0.5 0.99
SB-2023-006 33.65 34.55 0.9 3.65 BK-9870 Vein
SB-2023-006 34.55 35.05 0.5 14.95
SB-2023-006 35.05 35.55 0.5 17.50
SB-2023-006 35.55 36.25 0.7 0.52 BK-9870 Vein Halo
SB-2023-006 36.25 37.05 0.8 0.47
SB-2023-006 37.05 37.8 0.75 0.01
SB-2023-007 146.55 147.65 1.1 30.20 Alhambra Vein
SB-2023-007 147.65 148.15 0.5 1.24
SB-2023-007 148.15 148.65 0.5 0.73 Alhambra Vein Halo
SB-2023-007 148.65 149.5 0.85 1.08
SB-2023-007 149.5 150 0.5 0.88
SB-2023-007 150 150.5 0.5 1.22
SB-2023-007 150.5 151 0.5 0.43
SB-2023-017A 301.5 302 0.5 0.22 BK Vein Halo
SB-2023-017A 302 303 1 2.06
SB-2023-017A 303 303.5 0.5 0.60
SB-2023-017A 303.5 304 0.5 0.17
SB-2023-017A 304 305 1 0.06
SB-2023-017A 305 306 1 0.03
SB-2023-017A 306 307 1 1.31
SB-2023-017A 307 308.25 1.25 0.31 BK Vein Halo
SB-2023-017A 308.25 308.8 0.55 2.83
SB-2023-017A 308.8 309.55 0.75 0.86
SB-2023-017A 309.55 310.05 0.5 3.87 BK Vein
SB-2023-017A 310.05 310.55 0.5 69.80
SB-2023-017A 310.55 311.05 0.5 1.45
SB-2023-017A 311.05 312 0.95 0.23 BK Vein Halo
SB-2023-017A 312 312.6 0.6 2.64 BK Vein Halo
SB-2023-017A 312.6 314 1.4 0.31
SB-2023-017A 314 314.5 0.5 0.12
Notes: Diamond drill hole SB-2023-006 has a collar orientation of Azimuth 197; Dip -62. Diamond drill hole SB-2023-007 has a collar orientation of Azimuth 145; Dip -74.5.  Diamond drill hole SB-2023-017A has a collar orientation of Azimuth 244; Dip -54.5. 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.

All reported drill assay results are available on the Company’s website.

For further information, please contact:

Terry Harbort
President and CEO

+1 416 357 0227
Matt Filgate
Vice President, Corporate Development

+1 778 679 3579

IBF4

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