Talisker Renews Milling Agreement with Nicola Mining Inc. and Initiates Trucking of Mustang Run of Mine Material
Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF) has renewed its milling agreement with Nicola Mining Inc. for processing run of mine material from the Mustang Mine at Nicola's Craigmont Mill in Merritt, British Columbia. The company has begun trucking operations on May 11th, with 640 tonnes of run of mine material already transported to the Craigmont Mill.
Development at the Mustang Mine has reached 286.6 metres across multiple levels, with significant progress on the 1075 level (125.5 metres) and 1105 level (97.1 metres). The company has also finalized agreements with Thyssen Mining Construction for mining services and Stromsten Enterprises in partnership with Bridge River Management Corporation for ore hauling. This new agreement replaces the previous ore purchase agreement with New Gold Inc.
Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF) ha rinnovato l'accordo di lavorazione con Nicola Mining Inc. per il trattamento del materiale estratto dalla miniera Mustang presso il molino Craigmont di Nicola, a Merritt, British Columbia. L'azienda ha iniziato le operazioni di trasporto l'11 maggio, con 640 tonnellate di materiale estratto già consegnate al molino Craigmont.
Lo sviluppo della miniera Mustang ha raggiunto una profondità di 286,6 metri su più livelli, con progressi significativi al livello 1075 (125,5 metri) e al livello 1105 (97,1 metri). L'azienda ha inoltre concluso accordi con Thyssen Mining Construction per i servizi minerari e con Stromsten Enterprises, in collaborazione con Bridge River Management Corporation, per il trasporto del minerale. Questo nuovo accordo sostituisce il precedente contratto di acquisto minerale con New Gold Inc.
Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF) ha renovado su acuerdo de molienda con Nicola Mining Inc. para procesar el material extraído de la mina Mustang en el molino Craigmont de Nicola, ubicado en Merritt, Columbia Británica. La compañía comenzó las operaciones de transporte el 11 de mayo, habiendo trasladado ya 640 toneladas de material extraído al molino Craigmont.
El desarrollo en la mina Mustang ha alcanzado 286,6 metros en múltiples niveles, con avances significativos en el nivel 1075 (125,5 metros) y en el nivel 1105 (97,1 metros). La empresa también ha finalizado acuerdos con Thyssen Mining Construction para servicios mineros y con Stromsten Enterprises, en asociación con Bridge River Management Corporation, para el transporte del mineral. Este nuevo acuerdo reemplaza el anterior contrato de compra de mineral con New Gold Inc.
Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF)는 브리티시컬럼비아 메릿에 위치한 Nicola의 Craigmont 공장에서 Mustang 광산에서 채굴한 원광을 처리하기 위한 제분 계약을 Nicola Mining Inc.와 갱신했습니다. 회사는 5월 11일부터 운송 작업을 시작했으며, 이미 640톤의 원광이 Craigmont 공장으로 운송되었습니다.
Mustang 광산 개발은 여러 층에서 총 286.6미터에 도달했으며, 1075층(125.5미터)과 1105층(97.1미터)에서 상당한 진전이 있었습니다. 회사는 또한 광산 서비스 제공을 위한 Thyssen Mining Construction과 광석 운송을 위한 Bridge River Management Corporation과 협력하는 Stromsten Enterprises와의 계약을 마무리했습니다. 이 새로운 계약은 New Gold Inc.와의 이전 광석 구매 계약을 대체합니다.
Talisker Resources Ltd. (TSX : TSK, OTCQX : TSKFF) a renouvelé son accord de broyage avec Nicola Mining Inc. pour le traitement du minerai extrait de la mine Mustang dans l'usine Craigmont de Nicola à Merritt, en Colombie-Britannique. La société a commencé les opérations de transport le 11 mai, avec déjà 640 tonnes de minerai acheminées vers l'usine Craigmont.
Le développement de la mine Mustang a atteint 286,6 mètres sur plusieurs niveaux, avec des progrès significatifs au niveau 1075 (125,5 mètres) et au niveau 1105 (97,1 mètres). La société a également finalisé des accords avec Thyssen Mining Construction pour les services miniers et avec Stromsten Enterprises, en partenariat avec Bridge River Management Corporation, pour le transport du minerai. Ce nouvel accord remplace l'ancien contrat d'achat de minerai avec New Gold Inc.
Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF) hat seine Mahlvereinbarung mit Nicola Mining Inc. zur Verarbeitung von Rohmaterial aus der Mustang-Mine in der Craigmont-Mühle von Nicola in Merritt, British Columbia, erneuert. Das Unternehmen hat am 11. Mai mit den Transportarbeiten begonnen und bereits 640 Tonnen Rohmaterial zur Craigmont-Mühle transportiert.
Die Erschließung der Mustang-Mine hat eine Gesamtlänge von 286,6 Metern auf mehreren Ebenen erreicht, mit bedeutenden Fortschritten auf der Ebene 1075 (125,5 Meter) und 1105 (97,1 Meter). Das Unternehmen hat außerdem Vereinbarungen mit Thyssen Mining Construction für Bergbaudienstleistungen und mit Stromsten Enterprises in Partnerschaft mit Bridge River Management Corporation für den Erztransport abgeschlossen. Diese neue Vereinbarung ersetzt den vorherigen Erzankaufvertrag mit New Gold Inc.
- Successful initiation of ore transportation with 640 tonnes already moved to Craigmont Mill
- Development showing excellent correlation between reality and modelled vein wireframes
- Partnerships established with experienced mining contractors Thyssen Mining and Stromsten Enterprises
- Significant operational upgrades completed at Nicola's Craigmont Mill facility
- None.
TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that the Company, through its
In addition, on Sunday, May 11th, Talisker initiated the trucking of run of mine vein material extracted from the 1060 and 1075 development levels. To date, a total of 640 tonnes of run of mine material has been transported to the Craigmont Mill. A processing stockpile will be developed at the Craigmont Mill over the next month to allow operational continuity. Milling is expected to proceed soon thereafter.
To date, a total of 286.6 metres of development has been completed at the Mustang Mine including waste development on the 1090, 1085, 1100, 1105 and 1120 levels and development on mineralised vein material on both east and west fronts on the 1060 and 1075 levels. The table below summarises the current state of development.
| Level | Development Advance |
| 1060 | 17.2 metres |
| 1075 | 125.5 metres |
| 1090 | 6.3 metres |
| 1085 | 4.6 metres |
| 1100 | 26 metres |
| 1105 | 97.1 metres |
| 1120 | 9.9 metres |
| Total | 286.6 metres |
Terry Harbort, Talisker’s President and CEO commented, “We are pleased to have reached this significant milestone by trucking our first ore to the Craigmont Mill. Nicola has made significant operational upgrades to the Craigmont Mill facility over the last year and we look forward to working with Peter Espig and his professional team. Development at the Mustang Mine continues as planned with mining showing excellent correlation of reality with modelled vein wireframes and block models.”
This agreement with Nicola replaces the ore purchase agreement with New Gold Inc. Talisker also reports that it has finalized agreements for mining and ore hauling. Mining services are being undertaken at the Mustang Mine by Thyssen Mining Construction of Canada, a well-established underground mining contractor known for its proven track record of delivering high-quality, efficient mining services. Ore hauling from the Mustang Mine to Nicola is being undertaken by Stromsten Enterprises in partnership with Bridge River Management Corporation.
For further information, please contact:
| Terry Harbort President and CEO terry.harbort@taliskerresources.com +1 416 357 0227 |
Qualified Person
The technical information contained in this news release relating to the production results at the Bralorne Gold Project has been approved by William Curry P. Eng (EGBC Membership 61002), Talisker’s General Manager, Bralorne Gold Mines Ltd., who is a “qualified person” within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.
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 has a significant landholding in 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.
FAQ
What is the current development status of Talisker's (TSKFF) Mustang Mine?
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What is the significance of Talisker's (TSKFF) new milling agreement with Nicola Mining?
