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Talisker Resources Ltd. (TSKFF) delivers focused mineral exploration through advanced geoscience and systematic project development. This news hub provides investors and industry observers with direct access to official corporate communications and operational updates.
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Talisker Resources (TSX: TSK, OTCQX: TSKFF) has announced significant progress in its operational activities at the Bralorne Gold Project in British Columbia. The company has completed its 2025 Mustang Mine Plan and conducted geotechnical mapping of the Mustang decline and historic 980 level. The Ground Control Management Plan submission is expected by January end.
Mining contractor mobilization is underway and scheduled for completion in late January. February will focus on pre-construction activities at the portal, including workshop upgrades, service re-establishment, and safety infrastructure installation. Development is set to begin in March at 6 meters per day, increasing to 12 meters per day by August. The first long hole stope drilling and blasting is planned for May, with development work targeting the Alhambra, BK, and BK9870 veins.
Talisker Resources (TSX: TSK, OTCQX: TSKFF) has closed a non-brokered private placement of gold-linked notes raising $1,332,000. The proceeds will be used to advance the Company's Bralorne Gold Project in British Columbia and for general corporate purposes. The notes, representing a senior unsecured obligation, bear a 15% annual interest rate and will mature on December 31, 2027.
The principal amount will be used to calculate the Gold Quantity based on a Floor Price of US$2,500 per ounce. The Gold Quantity will be reduced by 15%, 25%, and 60% on December 31 of 2025, 2026, and 2027 respectively. Interest is payable quarterly, calculated on the Deemed Value of the Gold Quantity. The Company paid $65,350 in finder's fees, and an insider participated in the financing.
Talisker Resources announced the results of its Annual General Meeting held on June 27, 2024, with 42% of issued common shares represented. Key approvals included the election of all six management nominees to the board and the appointment of PricewaterhouseCoopers LLP as auditors for the ensuing year. Detailed voting results showed overwhelming support for directors, with all nominees receiving over 98% of votes in favor. Talisker continues its focus on the Bralorne Gold Project, transitioning to underground production at the Mustang Mine, and advancing the Ladner and Spences Bridge Gold Projects.
Talisker Resources (TSX: TSK, OTCQX: TSKFF) has announced a significant update regarding its financing agreement with Sprott Resource Streaming and Royalty Corp. for the Bralorne Gold Project. Sprott has approved the second draw of US$11,750,000, contingent upon the finalization of amended documentation and the satisfaction of closing conditions. The update follows the initial agreement announced on June 12, 2023. The negotiations include an amendment on the timing of the production target of 38,000 ounces of gold. Talisker's CEO, Terry Harbort, expressed confidence in finalizing the deliverables for the second draw and anticipates closing in June.
Talisker Resources announced the signing of an Ore Hauling Agreement for the Bralorne Gold Project in British Columbia. The agreement with Stromsten Enterprises and Bridge River Management involves transporting gold ore from the Mustang Mine to milling facilities for processing. The first shipment of approximately 6,300 tonnes is scheduled for May 15th.
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