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Talisker Intersects 42.61 g/t Au over 1.3 Metres Within 15.51 g/t Au over 3.70 Metres at the Bralorne Gold Project

Press Release

Toronto, Ontario, October 27, 2022 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce high-grade results from the North Vein located within the historic King mining block. The results are the final assays received from the 2022 pre-resource drill program that were re-assayed following initial laboratory failure of QAQC.

Key Points:

  • Holes SB-2022-032, 036, 044, 053, 063 and 068A are located within the King Mining Block and focuses on the King, North and C Veins.
  • Hole SB-2022-053 is highlighted by:

o  42.61 g/t Au over 1.30 metres within 15.51 g/t Au over 3.70 metres (North Vein)

  • Hole SB-2022-032 intersected a total of three veins highlighted by:

o  12.04 g/t Au over 3.60 metres within a broader zone of 2.44 g/t Au over 22.50 metres (New

Vein)

o 13.72 g/t Au over 1.20 metres (243 Vein) o 12.14 g/t Au over 1.00 metres (North Vein)

  • Hole SB-2022-068A is highlighted by:

o  19.17 g/t Au over 2.35 metres (North Vein)

  • Hole SB-2022-063 is highlighted by:

o 11.48 g/t Au over 1.00 metres (King Vein) o 6.15 g/t Au over 1.50 metres (King Splay)

  • Talisker drilling to date at the Bralorne Gold Project has produced 401 vein intersections with a combined weighted average diluted grade of 9.45 g/t over an average intersection length of 1.73 metres.

Terry Harbort, President and CEO of Talisker, commented, “These final results continue to demonstrate the consistent high-grade nature of the veins at the Bralorne Gold Project. Despite delays caused by these assay re-runs and the new requirement to conduct stope optimization of inferred resource to meet the “Reasonable Prospects for Eventual Economic Extraction” guidelines, we expect to release our maiden resource statement in November and to meet our anticipated range. With the entire resource located from surface to 700m depth, approximately 70% represents brand new discovered ounces with minimal or no historic activity, 20% represents resource along strike from historic stopes and 10% is remnant ore bodies. Of the 86 veins now identified at Bralorne, 74 are open in all directions indicating the clear near-term resource expansion upside.”

A total of 140,476 metres (286 holes) has been drilled since Talisker initiated drilling at the Project in February 2020.

Talisker is providing an opportunity for shareholders and other interested parties to participate in a Webinar to be held at 1 pm ET on Tuesday, November 1st, To register, please click on the following link

https://us02web.zoom.us/webinar/register/WN_CsU7_-SMR–TrsHxr0f9Fw

SB-2022-032 Hole Description:

  • Complete assay results received
  • Located in the King block and hosted in diorite and sediment
  • New vein intersected from 12.8 to 13.15 metres with visible gold
  • 243 vein intersected from 273.58 to 274.56 metres with visible gold
  • North Vein intersected from 341.85 to 342.05 metres with visible gold

SB-2022-036 Hole Description:

  • Complete assay results received
  • Located in the King block and hosted in diorite and sediment
  • C vein intersected from 383.18 to 384.38 metres with pyrite and arsenopyrite

SB-2022-044 Hole Description:

  • Complete assay results received
  • Located in the King block and hosted in diorite and sediment
  • North vein intersected from 334.35 to 336.05 metres with pyrite and arsenopyrite

SB-2022-053 Hole Description:

  • Complete assay results received
  • Located in the King block and hosted in and diorite and sediment
  • North vein intersected from 273.00 – 273.92 metres with pyrite and arsenopyrite
  • Shaft vein intersected from 371.00 – 371.30 metres with pyrite and arsenopyrite

SB-2022-063 Hole Description:

  • Complete assay results received
  • Located in the King block and hosted in diorite and sediment
  • King vein intersected from 540.1 to 541.7 metres with pyrite and arsenopyrite
  • Splay of the King vein intersected from 562.7 to 562.92 metres with pyrite and arsenopyrite

SB-2022-068A Hole Description:

  • Complete assay results received
  • Located in the King block and hosted in diorite and sediment
  • North vein intersected from 277.55 to 277.7 metres with pyrite and arsenopyrite

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:

Table 1: Bralorne Gold Project – Drill Holes SB-2022-032, 036, 044, 053, 063, 068A

Diamond Drill From To Interval Au Interpreted Method Reported
Hole Name (m) (m) (m) (g/t) Structure
SB-2022-032 12.8 13.3 0.5 32.70 New Vein Au-AA26
SB-2022-032 13.3 14 0.7 0.17 Vein Halo Au-AA26
SB-2022-032 14 15 1 0.14 Au-AA26
SB-2022-032 15 16.5 1.5 0.14 Au-AA26
SB-2022-032 269 270 1 2.76 Vein Halo Au-AA26
SB-2022-032 270 271 1 11.85 243 Vein Au-AA26
SB-2022-032 271 271.5 0.5 24.90 Au-AA26
SB-2022-032 271.5 272 0.5 14.00 Au-AA26
SB-2022-032 272 272.5 0.5 12.00 243 Vein Au-AA26
SB-2022-032 272.5 273 0.5 4.50 Au-AA26
SB-2022-032 273 273.6 0.6 6.33 Au-AA26
SB-2022-032 273.6 274.55 0.95 0.69 Au-AA26
SB-2022-032 274.55 275.3 0.75 0.34 Vein Halo Au-AA26
SB-2022-032 340.9 341.7 0.8 0.33 Vein Halo Au-AA26
SB-2022-032 341.7 342.2 0.5 23.90 North Vein Au-AA26
SB-2022-032 342.2 342.7 0.5 0.37 Vein Halo Au-AA26
SB-2022-036 383 383.85 0.85 2.90 Vein Halo Au-AA26
SB-2022-036 383.85 384.35 0.5 14.65 C Vein Au-AA26
SB-2022-036 384.35 384.85 0.5 0.43 Vein Halo Au-AA26
SB-2022-044 334.35 334.85 0.5 6.51 Au-AA26
SB-2022-044 334.85 335.5 0.65 3.43 North Vein Au-AA26
SB-2022-044 335.5 336.05 0.55 4.42 Au-AA26
SB-2022-053 269.25 270 0.75 0.49 Au-AA26
SB-2022-053 270 271 1 0.46 Au-AA26
SB-2022-053 271 271.8 0.8 0.25 Vein Halo Au-AA26
SB-2022-053 271.8 272.45 0.65 0.31 Au-AA26
SB-2022-053 272.45 272.95 0.5 0.43 Au-AA26
SB-2022-053 272.95 273.75 0.8 65.90 North Vein Au-AA26
SB-2022-053 273.75 274.25 0.5 5.35 Au-AA26
SB-2022-053 274.25 275.25 1 0.22 Vein Halo Au-AA26
SB-2022-053 275.25 276.2 0.95 0.36 Au-AA26
SB-2022-053 370.4 370.9 0.5 1.04 Vein Halo Au-AA26
SB-2022-053 370.9 371.4 0.5 8.60 Shaft Au-AA26
SB-2022-063 536.9 537.65 0.75 1.27 Au-AA26
SB-2022-063 537.65 538.45 0.8 0.98 Au-AA26
SB-2022-063 538.45 539 0.55 0.95 Vein Halo Au-AA26
SB-2022-063 539 539.6 0.6 2.61 Au-AA26
SB-2022-063 539.6 540.2 0.6 1.67 Au-AA26
SB-2022-063 540.2 540.7 0.5 1.25 King Vein Au-AA26
SB-2022-063 540.7 541.2 0.5 19.50 Au-AA26

Table 1: Bralorne Gold Project – Drill Holes SB-2022-032, 036, 044, 053, 063, 068A

Diamond Drill From To Interval Au Interpreted Method Reported
Hole Name (m) (m) (m) (g/t) Structure
SB-2022-063 541.2 541.7 0.5 3.45 Au-AA26
SB-2022-063 541.7 542.35 0.65 2.35 Au-AA26
SB-2022-063 542.35 542.9 0.55 2.81 Vein Halo Au-AA26
SB-2022-063 542.9 543.6 0.7 1.80 Au-AA26
SB-2022-063 543.6 544.5 0.9 0.20 Au-AA26
SB-2022-063 544.5 545.25 0.75 0.85 Au-AA26
SB-2022-063 545.25 546.3 1.05 0.27 Au-AA26
SB-2022-063 546.3 547.05 0.75 0.25 Vein Halo Au-AA26
SB-2022-063 547.05 547.65 0.6 0.22 Au-AA26
SB-2022-063 560.6 561.5 0.9 0.52 Au-AA26
SB-2022-063 561.5 562.25 0.75 4.50 King Splay Au-AA26
SB-2022-063 562.25 563 0.75 7.79 Au-AA26
SB-2022-068A 277.5 278 0.5 88.70 North Vein Au-AA26
SB-2022-068A 278 278.8 0.8 0.07 Au-AA26
SB-2022-068A 278.8 279.3 0.5 0.45 Vein Halo Au-AA26
SB-2022-068A 279.3 279.85 0.55 0.77 Au-AA26

Notes: Diamond drill hole SB-2022-032 has a collar orientation of Azimuth 180; Dip -52.5. Diamond drill hole SB-2022-036 has a collar orientation of Azimuth 145; Dip -69. Diamond drill hole SB- 2022-044 has a collar orientation of Azimuth 194; Dip -61. Diamond drill hole SB-2022-053 has a collar orientation of Azimuth 202; Dip -56. Diamond drill hole SB-2022-063 has a collar orientation of Azimuth 151; Dip -63. Diamond drill hole SB-2022-068A has a collar orientation of Azimuth 140; Dip – 47. 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.

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.

For further information, please contact:
Terry Harbort Matt Filgate
President and CEO Vice President, Corporate Development
[email protected] [email protected]
+1 416 361 2808 +1 778 679 3579

IBF4

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