InvestmentPitch Media Video Discusses Talisker Resources’ Update on Progress of its Maiden Resource at its 100%-Owned Flagship Bralorne Gold Project in British Columbia
04 Mai 2022 - 12:00PM
Talisker Resources (TSX:TSK) (OTCQX:TSKFF), a junior resource
company involved in the exploration of gold projects in British
Columbia, has provided an update on progress on the development of
its maiden resource at its 100%-owned flagship Bralorne Gold
Project. The Bralorne Gold Project, acquired from Avino Silver and
Gold Mines in December 2019, is renowned as one of the
highest-grade, longest producing mines in British Colombia.
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The Bralorne Mine Complex consists of three
historic mines, the Bralorne, the Pioneer and the King, which
produced a total of 4.2 million ounces of gold at an average
recovered grade of 17.7 grams per tonne. Production closed in 1971
due to low gold prices of US$35 per ounce, or US$220 per ounce in
current dollar value. On average, production at the Pioneer and
Bralorne produced 2,300 ounces per vertical metre mined.
Eleven veins are expected to form the basis of the
upcoming resource, six from the Bralorne area, two from King and
three from the Pioneer area, where the weighted average grades for
the veins ranged from 6.2 g/t to 16.6 g/t with an overall average
of 9.6 g/t gold. Average vein widths range from 1.1 metres to 2.1
metres with an average of 1.6 metres, with all defined veins
located from the surface to a depth of 700 metres. The defined
veins are extensions of known veins and are mostly located within
the gaps between the historic mines. All reported drill assay
results are available on the company's website.
Multiple other veins have been intersected during
the drill program however the company has not yet confirmed if
these veins will have a sufficient number of pierce points or
sufficient pierce point spacing to be included in the upcoming
maiden resource statement.
Terry Harbort, President & CEO, stated: "We
are very pleased with the progress of the resource highlighted by
the 55HW and 77 veins which returned weighted average grades of
15.2 g/t and 16.6 g/t gold, respectively. We are particularly
encouraged by the increased average width of our drilled veins when
compared to the historically known averages. The strike and plunge
dimensions of the veins defined by our drilling strongly confirm
the historically demonstrated structural continuity of the host
structures. As a fully permitted high grade project in a Tier 1
jurisdiction, we look forward to the completion of our drill
program and finalizing our maiden resource."
In addition to the Bralorne Gold Complex and the
Ladner Gold Project, both advanced stage projects with significant
exploration potential from historical high-grade producing gold
mines, the company holds approximately 85% of the emerging Spences
Bridge Gold Belt and several other early-stage Greenfields
projects. With its properties comprising 299,789 hectares over 484
claims, three leases and 197 crown grant claims, Talisker is a
dominant exploration player in the south-central British
Columbia.
The company is well funded to advance aggressive
systematic exploration programs at its projects.
The shares are trading at $0.24. For more
information, please visit the company’s website
www.TaliskerResources.com, contact Terry Harbort, President and
CEO, at 416-357-0227 or by email
terry.harbort@taliskerresources.com. For investor relations,
contact Matt Filgate, VP Corporate Development at 778-679-3579 or
by email at matt.filgate@taliskerresources.com.
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