Talisker Samples Up to 97.7 g/t Au at the Ladner Gold Project
Press Release
TORONTO, April 15, 2024 — Talisker Resources Ltd. (“ Talisker ” or the “ Company ”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce results from its summer 2023 mapping and surface sampling campaign at the Ladner Gold Project.
A total of 175 rock samples were collected between mid June and mid September 2023 by a small mapping team. The focus of the mapping was centered on the areas of known mineralization adjacent to the historic Carolin underground mine and the McMaster prospect. Mapping and sampling targeted major lithological contacts between the lower Ladner Group sediments, the Spider Peak volcanic succession, and the Coquihalla serpentine unit.
Of the 175 rock samples collected, 137 samples (78.3%) were anomalous for gold, 88 samples (50.3%) yielded above 0.1 g/t Au, 40 samples (22.8%) yielded above 0.5 g/t Au and 24 samples (13.7%) yielded more than 1.50 g/t Au. The top 24 samples are displayed in Table 1 and include six samples (3.4%) that showed gold values above 6 g/t gold. The top result was a composite sample of sheeted quartz veins in aphanitic andesite which produced 97.70 g/t Au.
The 2023 samples were collected from quartz vein structures, semi-massive to massive sulfide occurrences, or strong alteration zones. The veins on the Ladner Gold Project are observed to be coarse-crystalline mesothermal veins with a low percentage of sulfide minerals. The dominant alteration assemblage associated with gold is silica, albite, iron-carbonate, and sericite. The dominant sulfides associated with gold are pyrite>arsenopyrite>pyrrhotite, which combined average less than 2% in observed veins, and greater than 15% in massive sulfide zones.
Structural observations and data collection show an architecture of isoclinal folding in the Ladner sediments and Spider Peak volcanics. Quartz veins infill a variety of low-pressure zones including bedding-parallel, bedding oblique due to progressive shearing, within the plunge of fold hinges, and axial planar to the isoclinal folds. Additionally, preliminary observations suggest a later fold event resulting in broad open folds of low amplitude in the bedding strike orientation. The above observations are key to expanding known mineralization and targeting new ore zones in the historic Ladner Gold Project.
Terry Harbort, Talisker’s President and CEO commented, “We are very pleased with these preliminary results from Ladner and the demonstrated consistency of gold grades across a broad area. Our sampling indicates there are additional mineralized zones in the same setting as the Caroline mine, along strike, yet to be fully explored. Once we have brought our flagship Bralorne Gold Project into production, we are looking forward to returning to the Ladner Gold Project to expand the known mineralization.”
| Table 1: Ladner Gold Project – 2023 Rock Samples >1.5 g/t Au | |||
| Sample Number | Gold (g/t) | Analytical Method | Sample Type |
| C315037 | 97.70 | Au-GRA21 | Composite |
| C315045 | 13.40 | Au-GRA21 | Select |
| C315047 | 11.60 | Au-GRA21 | Chip-Channel |
| C315026 | 9.85 | Au-AA23 | Select |
| C315107 | 7.39 | Au-AA23 | Select |
| C315038 | 6.46 | Au-AA23 | Select |
| C315046 | 5.34 | Au-AA23 | Chip-Channel |
| C315139 | 5.07 | Au-AA23 | Composite |
| C315006 | 4.68 | Au-AA23 | Select |
| C315114 | 4.30 | Au-AA23 | Select |
| C315073 | 3.96 | Au-AA23 | Select |
| C315027 | 3.88 | Au-AA23 | Select |
| C315168 | 3.86 | Au-AA23 | Select |
| C315111 | 3.33 | Au-AA23 | Select |
| C315092 | 3.08 | Au-AA23 | Composite |
| C315128 | 3.07 | Au-AA23 | Composite |
| C315025 | 2.77 | Au-AA23 | Composite |
| C315122 | 2.72 | Au-AA23 | Select |
| C315048 | 2.39 | Au-AA23 | Chip-Channel |
| C315169 | 2.36 | Au-AA23 | Select |
| C315181 | 2.09 | Au-AA23 | Composite |
| C315049 | 1.85 | Au-AA23 | Chip-Channel |
| C315115 | 1.80 | Au-AA23 | Select |
| C315053 | 1.66 | Au-AA23 | Chip-Channel |
Qualified Person
The technical information contained in this news release relating to the sample results at the Ladner 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
President and CEO
terry.harbort@taliskerresources.com
+1 416 357 0227
Matt Filgate
Vice President, Corporate Development
matt.filgate@taliskerresources.com
+1 778 679 3579
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.
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