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Talisker Intersects 51.50 g/t Gold Over 0.65m Within 29.79 g/t Gold Over 1.15m at the Bralorne Gold Project

Press Release

Toronto, Ontario, February 23, 2021 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK) (OTCQX:TSKFF) is pleased to announce complete and partial drill assay results from its Bralorne Gold Project in British Columbia. Holes SB-02020-023, SB-02020-024, SB-02020-025, SB-02020-026A and SB-02020-027 are part of Talisker’s resource drill out program which is currently underway with four drill rigs on site. Today’s release comprises results from both the near- surface bulk tonnage Charlotte Zone and the high-grade vein that comprise the primary focus of the current drill program at depth (see Figures 1 and 2).

Key Points:

  • Charlotte Zone: Drilling continues to confirm structural continuity of broad, near-surface gold mineralization discovered by Talisker at the Charlotte Zone in 2020. Current dimensions are 600m by 270m by 300m.
  • High-Grade Veins: Drilling has intersected high-grade veins and continues to demonstrate the exceptional structural continuity Bralorne is well-known for.
  • 2021 Drill Program: Talisker currently has four drill rigs on site and has completed 8,200 metres of its current 50,000 metre drill program.
  • Assay Lab Turnaround: A total of 4,965 samples are awaiting assay at the lab.

“Today’s results continue to demonstrate the potential for both near-surface bulk tonnage gold mineralization at the Charlotte Zone and the well- known high-grade gold mineralization located directly below,” stated Terry Harbort, President and CEO of Talisker, who added, “With four drill rigs now operating on site and laboratory turnaround times returning to normal, we anticipate providing our investors more regular updates on our operations including the continued expansion of the Charlotte Zone.”

Charlotte Zone: The Charlotte Zone, which outcrops at surface, is located immediately above the high-grade veins at Bralorne West (see Figure 1) and is comprised of broad intervals of stacked, parallel veins. Holes SB-2020-23 through to SB-2020-26A all intersected significant intervals of gold mineralization through the Charlotte Zone, from depths as shallow as 34 metres downhole. To date, drilling has defined near-surface, bulk tonnage gold mineralization at the Charlotte Zone over a 600m by 270m by 350m zone.

Highlights from the Charlotte Zone include:

  • SB-2020-026A

o 1.26 g/t gold over 10.20m from 336.80m to 347.00m within 0.73 g/t gold over 30.50m from 326.00m to 356.50m.

o  10.05 g/t gold over 1.10m from 138.00m to 139.85m

  • SB-2020-024

o 2.47 g/t gold over 6.00m from 313.90m to 319.90m o 5.40 g/t gold over 2.65m from 149.55m to 152.20m

  • SB-2020-025

o 0.51 g/t gold over 7.15m from 87.10m to 94.25m o 0.83 g/t gold over 9.40m from 149.6m to 159.00m

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