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Talisker Extends High-Grade Gold Mineralisation 750m Down Plunge at King Block, Bralorne Gold Project

Press Release

Toronto, Ontario, April 7, 2021 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK) (OTCQX:TSKFF) is pleased to announce complete and partial drill assay results from its ongoing Stage One 50,000m drill program at the Bralorne Gold Project in British Columbia (Figure 1). Results have been received from the King Block (SB-2020-29), the Bralorne West Block (SB-2021-003A, SB-2021-004, SB-2021-005 and SB-2021-006) and the Bralorne East Block (SB-2021-001).

Key Points:

  • Drilling continues to demonstrate excellent gold grade and structural continuity.
  • Hole SB-2021-029 intersected previously unknown high-grade gold mineralisation ~750 metres below and along strike of the historic King Mine.
  • Talisker currently has four drill rigs on site and has completed 18,111 metres of its current 50,000 metre drill program.
  • A total of 4,965 samples are awaiting assay at the lab.

Today’s results comprise assay results from the bottom half of hole SB-2020-29, the first hole drilled by Talisker in the King Block. Significantly, this hole demonstrates the potential for high-grade gold mineralisation below and along strike of the historic King Mine (Figure 2). From the Bralorne West Block, the bottom half of hole SB-2021-002, partial assay results from holes SB-2021-004, SB-2021-005 and SB-2021-006 and the complete set of assay results for hole SB-2021-003A were received. Also received were the bottom half of SB- 2021-001 from the Bralorne East Block. All holes returned significant high-grade gold mineralisation further demonstrating the structural continuity of gold-bearing quartz veins along strike of the historic underground mines at the Bralorne Gold Project and will be incorporated into the dataset that will be used to define a resource estimate expected in 2022.

King Block

The first hole drilled by Talisker at the King Block suggests significant potential for high-grade gold mineralisation. Following on from the 5.09 g/t gold over 8.40m intersected in the top half of hole SB-2020-029 at King (press release March 16, 2021), the bottom half of the hole intersected high-grade gold mineralisation over 750m beyond the historic underground mine at King (Figure 2, Figure 3a and Table 1). More drilling is required to determine the continuity of these high-grade intersections.

Highlights from the King Block include:

  • SB-2020-029
  • 95 g/t gold over 0.90m from 827.90m to 828.80m

Bralorne East Block

Hole SB-2021-001 was the first hole drilled to the east of the Empire fault and was designed to target near-surface gold mineralisation within the Bralorne East Block, and today’s results represent the second half of the hole following the release of the first half in the Company’s press release of March 16, 2021. High-grade gold mineralisation intersected at 514m downhole is ~300m from the nearest high-grade intersection (Figure 2, Figure 3b and Table 1), further expanding high-grade gold mineralisation to the southeast.

Highlights from the Bralorne East Block include:

  • SB-2021-001
  • 90 g/t gold over 0.50m from 514.75m to 515.25m
  • 85 g/t gold over 0.50m from 1,120.35m to 1,120.85m

Bralorne West Block

Drilling continues to demonstrate structural continuity along strike of the historic underground mine within the Bralorne West Block (Figure 2, Figure 3c and Table 1).

Highlights from the Bralorne West Block include:

  • SB-2021-003A
    • 30 g/t gold over 0.70m from 537.80m to 538.50m
  • SB-2021-004
    • 10 g/t gold over 1.00m from 380.70m to 381.70m
  • SB-2021-005
    • 55 g/t gold over 0.60m from 407.05m to 407.65m
  • SB-2021-006
    • 85 g/t gold over 0.60m from 556.60m to 557.20m

“Together with the consistency of the received gold grades, these results show significant down plunge extensions of the high-grade vein potential, particularly below the historic King Mine which was only mined to 350m from surface,” commented Terry Harbort, President and CEO of Talisker, who added, “With each stepout hole we are seeing the dimensions of the system increasing from our initial view and we plan to increase our drill program to accommodate the new target areas.”

Drill Hole Data

SB-2020-029 – King Block

  • Complete preliminary assay results have been received for this hole.
  • Talisker’s first hole drilled proximal to the historic King Mine.
  • Previously released: The C Vein was intersected at 322.30m and produced an intercept of 8.42 g/t Au over 5.00m, including high values of 37.4 g/t Au over 0.50m from 323.10m, and 31.60 g/t Au over 0.50m from 326.80m depth.
  • The King Vein was intersected at 548.00m and produced an intercept of 4.49 g/t Au over 2.00m, including 6.12 g/t Au over 1.00m from 548.00m.
  • An Unknown Vein was intersected at 755.95m and produced an intercept of 5.37 g/t Au over 0.80m.
  • The BK Vein was intersected at 827.40m and produced an intercept of 6.71 g/t Au over 1.40m, including 9.95 g/t Au over 0.90m from 827.90m.
  • The Alhambra Vein was intersected at 935.90m and produced an intercept of 8.07 g/t Au over 0.60m.
  • This hole was suspended between December 14, 2020 and January 8, 2021 during a holiday break. SB-2020-029 was drilled to a final depth of 1,217.40m on February 18, 2021.

SB-2021-001 – Bralorne East Block

  • Complete preliminary assay results have been received for this hole.
  • Previously released: Unknown Vein produced 82.00 g/t Au over 0.50m from 171.40m depth.
  • The 77 Vein was intersected at 513.00m and produced an intercept of 4.98 g/t Au over 2.75m, including 13.90 g/t Au over 0.50m from 514.75m.
  • An Unknown Vein was intersected at 566.50m and produced an intercept of 4.46 g/t Au over 1.60m.
  • The 222 Vein was intersected at 1118.95m and produced an intercept of 5.24 g/t Au over 1.90m, including 12.85 g/t Au over 0.50m from 1120.35m.
  • This hole drilled to a final depth of 1,178.40m on February 3, 2021.

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