Talisker Finalizes Contractor and Equipment Mobilization and Pre-operation Activities at the Bralorne Gold Project

Rhea-AI Summary

Talisker Resources (TSX: TSK, OTCQX: TSKFF) has announced significant progress in pre-development activities at its 100% owned Bralorne Gold Project in British Columbia. The company has successfully completed key milestones including:

- Full mobilization of operational staff and mining equipment
- Completion of ground control management and ventilation plans for the Mustang Mine
- Finished mine rescue training for underground teams
- Addition of workshop and storage units
- Near completion of compressed air, water, and power services

Minor ground support rehabilitation and ventilation infrastructure installation are expected to be completed by February end. Development is scheduled to begin in March with an advance rate of 6 metres per day on the Mustang 1060 Level. CEO Terry Harbort noted that with record-high gold prices, these developments mark the beginning of a transformational year for Talisker.

Positive

• All operational staff and equipment successfully mobilized to site
• Development on schedule to begin in March 2025
• Benefiting from all-time high gold prices
• Infrastructure improvements and pre-development activities progressing as planned

Negative

• None.

TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to report on the status of mining contractor mobilization and pre-development activities at the Company’s 100% owned flagship Bralorne Gold Project located in British Columbia.

All operational staff, both contractor and from Talisker have arrived at site with necessary mining equipment. Ground control management and ventilation plans for the Mustang Mine have been finalized. Mine rescue training for the underground teams has been completed. Pre-construction activities are well underway with additions to the workshop and storage units already completed and the re-establishment of compressed air, water and power services on-track to be completed this week. Minor ground support rehabilitation, installation of ventilation and safety infrastructure is expected to be completed by the end of February as planned. Development remains on schedule to begin in March at an advance rate of 6 metres per day on the Mustang 1060 Level.

Terry Harbort, CEO of Talisker stated, “With all time high gold prices we are excited to be finalising our pre-development activities and eagerly look forward to our first blast for 2025 setting the basis for a transformational year for Talisker.”

For further information, please contact:

Terry Harbort
President and CEO
terry.harbort@taliskerresources.com
+1 416 357 0227

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.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker’s current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.

The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

FAQ

When will Talisker Resources (TSKFF) begin development at the Bralorne Gold Project?

Development at the Bralorne Gold Project is scheduled to begin in March 2025, with an advance rate of 6 metres per day on the Mustang 1060 Level.

What is the current status of pre-development activities at Talisker's Bralorne Gold Project?

Pre-development activities are well underway with completed workshop additions, storage units, and near-completion of compressed air, water, and power services. Ground support rehabilitation and ventilation infrastructure installation are expected to be completed by end of February 2025.

What is the planned development rate for Talisker's (TSKFF) Mustang Mine?

Talisker plans to advance development at a rate of 6 metres per day on the Mustang 1060 Level, beginning March 2025.

What pre-operational milestones has Talisker (TSKFF) achieved at the Bralorne Gold Project?

Talisker has completed operational staff mobilization, mining equipment deployment, ground control management, ventilation plans, mine rescue training, and infrastructure improvements including workshop and storage additions.