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Talisker Resources Ltd. reports news on gold exploration, development and production activities in British Columbia, Canada. Company updates center on the high-grade, fully permitted Bralorne Gold Project and production at the Mustang Mine, including diamond drilling, resource-conversion programs, underground development, face sampling and assay results from vein systems such as Alhambra, BK and BK-9870.
Recurring developments also include ore purchase and milling arrangements, mine logistics, operating continuity at Bralorne, and exploration activity across areas such as Bralorne West, Olympus, Congress, Pioneer Deeps, Ladner and the Spences Bridge Gold Belt.
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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