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Toronto, Ontario, January 24, 2023 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to provide the Company’s first Mineral Resource Estimate (“MRE”) at its 100% owned Bralorne Gold Project in Southern, British Columbia (“Bralorne Gold Project” or the “Project” ). The MRE is reported in accordance with the Canadian Institute of Mining (CIM), Metallurgy and Petroleum Definition Standards (2014) incorporated by reference in National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and the 2019 CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines.
Terry Harbort, President and CEO of Talisker, commented, “We are very happy with our inaugural MRE and that it landed solidly within our expected range. We are especially pleased to see the grade of the indicated mineral resource tracking significantly higher with increased drill hole density. With 400,000 to 700,000 ounces of drill hole constrained exploration targets defined immediately along strike from the resource and mineralization open further along strike and already confirmed to 2 kilometre depth below, we see tremendous upside and believe the Project can quickly grow to be one of the largest permitted gold deposits in western Canada.” Exploration targets are not mineral resource estimates, potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the exploration targets being delineated as a mineral resource.
Talisker is providing an opportunity for shareholders and other interested parties to participate in a Webinar to be held at 1 pm ET on Wednesday, January 25, 2023. To register, please click on the following link – https://us02web.zoom.us/webinar/register/WN_xIvqzNd8Q7O_p39vX5hm0A.
Table 1: Bralorne Gold Project 2023 Mineral Resource Estimate
|Bralorne Gold||Category||Cut-off Grade||Tonnes||Grade||Ounces|
|Project||(g/t Au)||(t)||(g/t Au)||(oz Au)|
|King||Indicated||Long Hole > 2.65||111,300||8.61||30,800|
|Cut and Fill > 3.10||5,900||13.45||2,600|
|Inferred||Long Hole > 2.65||1,598,400||5.76||296,200|
|Cut and Fill > 3.10||76,000||7.89||19,300|
|Bralorne||Inferred||Long Hole > 2.65||3,958,100||7.02||893,200|
|Cut and Fill > 3.10||82,500||7.95||21,100|
|Pioneer||Inferred||Long Hole > 2.65||1,436,500||5.72||264,400|
|Cut and Fill > 3.10||16,700||14.93||8,000|
|Charlotte||Inferred||Long Hole > 2.65||859,600||4.70||129,900|
|Cut and Fill > 3.10||5,600||4.54||800|
The 2023 Bralorne Gold Project MRE incorporates the Bralorne, King, Charlotte, and Pioneer Deposits. The resource is defined approximately over a strike length of 4.5 kilometres within the Bralorne Gold Project’s 33-kilometre-long land package with a maximum width of approximately 750 metres, down to a maximum depth of 700 metres, with an average depth of 300 metres below surface.
The MRE for the Bralorne Gold Project is comprised of modern data collected by Talisker and validated historic data collected by previous operators. A total of 660 diamond drill holes (modern and historic), 13 modern reverse circulation drill holes, 9 modern surface channel samples and 1724 validated historic underground channel samples were used to constrain, model, and calculate the resource bodies. A strong understanding of the controls of mineralization enabled the Company’s technical team to construct a MRE constrained by lithology, alteration, structure, and mineralization. The MRE is supported by a robust 3D litho-structural model of the gold-bearing orogenic vein system.
Next Steps – Exploration Targets
Infill and exploration drilling are ongoing on the Project. The Company believes that exploration potential exists as proximal extensions of currently defined mineralized zones, laterally and at depth, and may yield somewhere between 2.0 and 2.5 million tonnes at grades between 6.0 and 9.0 g/t gold for 400,000 – 700,000 ounces gold. This exploration potential is supported by the drill hole and channel sample data used for the 2023 MRE at drill hole spacings greater than the inferred category resources. These targets are not mineral resource estimates, potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the exploration targets being delineated as a mineral resource.
Table 2: Exploration Targets
|Million Tonnes||Grade (g/t Au)||Au (oz)|
|2–2.5||6.0 – 9.0||400,000 – 700,000|
In addition, there are 23 veins with one or more conceptual targets that have been identified based on non-compliant historic data. Non-compliant data does not meet the CIM requirements for the NI 43-101 standards of disclosure and may include assays from a lab that is not ISO certified, or drill holes without downhole survey data. These conceptual targets have not yet been drill tested by Talisker.
Talisker would like to thank present and past Bralorne Gold Mines exploration staff whose hard work and dedication made this inaugural resource possible. We appreciate your efforts in helping to revitalize BC’s highest grade and largest producing gold mine. We look forward to a bright future for the Bralorne Camp.
A technical report for the Bralorne Gold Project and the MRE, prepared in accordance with NI 43-101, will be filed under the Company’s profile on SEDAR at www.sedar.com within 45 days of this news release. Readers are encouraged to read the technical report in its entirety, including all qualifications, assumptions, exclusions and risks that relate to the MRE. The technical report is intended to be read as a whole, and sections should not be read or relied upon out of context.
The technical information contained in this news release relating to the Mineral Resource Estimate results at the Bralorne Gold Project has been approved internally 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.
The independent qualified persons responsible for the MRE of the Bralorne Gold Project, as defined in NI 43 -101, are Mr. Carl Pelletier, P. Geo., Mr. Vincent Nadeau-Benoit, P. Geo., and Mr Eric Lecomte, P.Eng., of InnovExplo Inc. Mr. Pelletier, Nadeau-Benoit, and Lecomte have read and approved the scientific and technical information relating to the MRE contained in this press release.
For further information, please contact:
President and [email protected]
+1 416 361 2808
Vice President, Corporate Development
+1 778 679 3579
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