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Talisker Intersects 41.93 g/t Au over 1.25 Metres Within 9.68 g/t Au over 5.60 Metres at the Bralorne Gold Project

Press Release

Toronto, Ontario, July 7, 2022 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce high-grade results within the Historic Ownership Gap between the Bralorne and Pioneer Mines.

Key Points:

  • Hole SB-2022-016 and SB-2022-012 are located within the Bralorne East Block and focuses on a historic ownership gap between the Bralorne and Pioneer Mines.
    • SB-2022-016 intersected a total of six veins highlighted by:

o  41.93 g/t Au over 1.25 metres within a broader zone of 9.68 g/t Au over 5.60 metres (202

Vein)

o 12.91 g/t Au over 1.50 metres (77 Vein) o 11.93 g/t Au over 1.50 metres (New Vein) o 7.31 g/t Au over 1.75 metres (New Vein)

  • Hole SB-2022-012 intersected two veins highlighted by: o 92 g/t Au over 1.15 metres (New Vein)

o  16.04g/t Au over 1.05 metres (New Vein)

  • True widths are estimated at 70 – 90% of intercept lengths and are based on oriented core measurements where available.
  • Talisker drilling to date at the Bralorne Gold Project has produced 397 vein intersections with a combined weighted average diluted grade of 9.50 g/t over an average intersection length of 1.73 metres.

Terry Harbort, President and CEO of Talisker, commented, “We are greatly encouraged by the development of new resource targets in the historic ownership gaps that exist between the old King, Bralorne and Pioneer mines. Delivering consistent high-grade and intercept thickness, these holes will add nicely to our upcoming resource estimate in this new, previously unexplored, and historically unmined area. We are waiting for our final 620 drill hole assay results from the laboratory so we can complete and release our eagerly awaited resource at Bralorne.”

A total of 140,671 metres (290 holes) has been drilled since Talisker initiated drilling at the Project in February 2020. Currently, there are 620 samples at the assay laboratory, which are expected to be received by the Company shortly.

SB-2022-012 Hole Description:

  • Complete assay results received
  • Located in the Bralorne East block and hosted in granite and diorite
  • Taylor Vein intersected from 224.30 to 224.80 metres
  • New vein intersected from 451.95 to 452.45 metres with visible gold
  • New vein intersected from 455.10 to 455.65 metres
  • New vein intersected from 461.60 to 462.75 metres with visible gold

SB-2022-016 Hole Description:

  • Complete assay results received
  • Located in the Bralorne East block and hosted in granite and diorite
  • New vein intersected from 135.10 to 135.60 metres with visible gold
  • 51B FW intersected from 204.30 to 204.80 metres with visible gold
  • New vein intersected from 294.55 to 295.05 metres
  • 77 Vein intersected from 317.85 to 319.05 metres with visible gold
  • New Vein intersected from 417.30 to 418.30 metres with visible gold
  • 202 Vein intersected from 591.20 to 591.95 metres with visible gold

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.

All  reported  drill  assay  results  are  available  on  the  Company’s  website  at  the  following  link:

https://taliskerresources.com/bralorne-gold-project-released-drill-results/.

Table 1: Bralorne Gold Project – Drill Holes SB-2022-012 and SB-2022-016

Diamond Drill From To Interval Au Interpreted Method Reported
Hole Name (m) (m) (m) (g/t) Structure
SB-2022-012 219.9 221.3 1.4 0.30 Au-AA26
SB-2022-012 221.3 222.7 1.4 0.35 Vein Halo Au-AA26
SB-2022-012 222.7 223.6 0.9 0.86 Au-AA26
SB-2022-012 223.6 224.3 0.7 0.11 Au-AA26
SB-2022-012 224.3 224.8 0.5 6.87 Taylor Vein Au-AA26
SB-2022-012 224.8 225.5 0.7 0.51 Vein Halo Au-AA26
SB-2022-012 451.45 451.95 0.5 0.51 Vein Halo Au-AA26
SB-2022-012 451.95 452.45 0.5 33.00 New Vein Au-AA26
SB-2022-012 452.45 453 0.55 0.62 Au-AA26
SB-2022-012 453 453.5 0.5 0.38 Vein Halo Au-AA26
SB-2022-012 453.5 454.6 1.1 0.01 Au-AA26
SB-2022-012 454.6 455.1 0.5 0.33 Au-AA26
SB-2022-012 455.1 455.65 0.55 2.14 New Vein Au-AA26
SB-2022-012 455.65 456.15 0.5 0.16 Au-AA26
SB-2022-012 456.15 456.65 0.5 0.05 Au-AA26
SB-2022-012 456.65 458 1.35 0.03 Au-AA26
SB-2022-012 458 458.8 0.8 0.01 Vein Halo Au-AA26
SB-2022-012 458.8 459.5 0.7 0.10 Au-AA26
SB-2022-012 459.5 460.5 1 0.19 Au-AA26
SB-2022-012 460.5 461.1 0.6 0.37 Au-AA26
SB-2022-012 461.1 461.6 0.5 0.36 Au-AA26
SB-2022-012 461.6 462.25 0.65 40.00 New Vein Au-AA26
SB-2022-012 462.25 462.75 0.5 0.72 Au-AA26
SB-2022-012 462.75 463.3 0.55 0.01 Vein Halo Au-AA26
SB-2022-012 463.3 464 0.7 0.28 Au-AA26

Table 1: Bralorne Gold Project – Drill Holes SB-2022-012 and SB-2022-016

Diamond Drill From To Interval Au Interpreted Method Reported
Hole Name (m) (m) (m) (g/t) Structure
SB-2022-012 464 464.75 0.75 0.23 Vein Halo Au-AA26
SB-2022-016 133.85 134.6 0.75 0.91 Vein Halo Au-AA26
SB-2022-016 134.6 135.1 0.5 0.01 Au-AA26
SB-2022-016 135.1 135.6 0.5 24.20 New Vein Au-AA26
SB-2022-016 203.8 204.3 0.5 0.20 Vein Halo Au-AA26
SB-2022-016 204.3 204.8 0.5 7.52 51BFW Au-AA26
SB-2022-016 294.05 294.55 0.5 1.85 Vein Halo Au-AA26
SB-2022-016 294.55 295.05 0.5 5.97 New Vein Au-AA26
SB-2022-016 315.5 317 1.5 0.22 Vein Halo Au-AA26
SB-2022-016 317 317.85 0.85 0.90 Au-AA26
SB-2022-016 317.85 318.55 0.7 0.54 77 Vein Au-AA26
SB-2022-016 318.55 319.05 0.5 34.90 Au-AA26
SB-2022-016 319.05 319.55 0.5 2.85 Vein Halo Au-AA26
SB-2022-016 319.55 320.05 0.5 0.99 Au-AA26
SB-2022-016 416.25 416.8 0.55 0.33 Vein Halo Au-AA26
SB-2022-016 416.8 417.3 0.5 1.64 Au-AA26
SB-2022-016 417.3 417.8 0.5 15.75 New Vein Au-AA26
SB-2022-016 417.8 418.3 0.5 18.40 Au-AA26
SB-2022-016 586.35 586.85 0.5 1.05 Au-AA26
SB-2022-016 586.85 587.85 1 0.36 Au-AA26
SB-2022-016 587.85 588.35 0.5 0.94 Au-AA26
SB-2022-016 588.35 589.55 1.2 0.01 Vein Halo Au-AA26
SB-2022-016 589.55 590.05 0.5 0.60 Au-AA26
SB-2022-016 590.05 590.7 0.65 0.20 Au-AA26
SB-2022-016 590.7 591.2 0.5 0.42 Au-AA26
SB-2022-016 591.2 591.95 0.75 69.60 202 Vein Au-AA26

Notes: Diamond drill hole SB-2022-012 has a collar orientation of Azimuth 179; Dip -57.5. Diamond drill hole SB-2022-016 has a collar orientation of Azimuth 177; Dip -55. True widths are estimated at 70 – 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.

Terry Harbort, President and CEO, and Matt Filgate, VP Corporate Development of Talisker will provide an update on the ongoing drill program and upcoming resource update during a webinar hosted by Adelaide Capital on Monday, July 11th at 12 pm ET. If you would like to participate you can register here: https://us02web.zoom.us/webinar/register/WN_6_BvI1MCTUypvvEYTPXy7Q.

The webinar will also be live streamed on the Adelaide Capital YouTube Channel here: https://www.youtube.com/channel/UC7Jpt_DWjF1qSCzfKlpLMWw. A replay will be made available on that channel after the event.

Read More: https://taliskerresources.com/wp-content/uploads/2022/07/TSK-Press-Release_2022_07_07_Bralorne-Drill-Program_Holes_012_016.pdf

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