TORONTO, Feb. 17,
2022 /CNW/ - Talisker Resources Ltd.
("Talisker" or the "Company") (TSX: TSK) (OTCQX:
TSKFF) is pleased to announce the initiation of engagement,
engineering and permitting for expanded mine development and
production at the Company's wholly owned Bralorne Gold Project
("Bralorne"). Talisker is currently completing an extensive
drill program at Bralorne and is working to release its maiden
resource statement.
Background
Bralorne currently holds a Major Mine Operating Permit, M-207
(the "Mine Permit"), issued under the Mines Act
(British Columbia). The Mine
Permit, which was amended and updated in 2017 (before it was
acquired by the Company in 2019), allows for an operations area of
approximately 683 hectares and includes a tailings storage
facility, mill site and associated surface and underground
facilities. The Mine Permit also provides for an underground mining
and surface processing operation at an average production rate of
100 tonnes per day or an annual maximum of 36,500 tonnes.
Bralorne also holds a permit under the Environmental
Management Act (British
Columbia) (the "EMA Permit") allowing for the
management, treatment and discharge of process and contact water
from the site.
Proposed Expansion and Permit Amendment
Talisker has initiated work to update Bralorne's underground
mine plan to support an increase in production to a proposed 1,500
tonnes per day. This expanded production would come from within the
existing permitted mine boundary and take advantage of both
underground and surface infrastructure already in place at the
site. Material extracted from this expanded production rate is
proposed to initially be hauled offsite for processing at one of
the nearby permitted custom milling facilities in the Province.
Talisker has also initiated discussions with the BC Ministry of
Energy, Mines and Low Carbon Innovation (EMLI) on steps to complete
a permit amendment process for the existing Mine Permit to support
the proposed expanded mine production. This review process is
expected to advance formally in the near term.
Terry Harbort, CEO of Talisker,
commented, "As we near the end of our drill program and build our
resource base for Bralorne, the expansion and amendment of our Mine
Permit lays the future pathway for a robust 100,000 ounce per year
producer. These next steps are key to unlocking the enormous value
in the Bralorne camp for all of our stakeholders."
Indigenous Relationships and Engagement
Talisker prides itself on the meaningful and constructive
relationships that have been built with Indigenous communities
throughout the southern parts of British
Columbia. This includes members of the St'át'imc nations
whose lands the Bralorne Gold Mine property is a part of, the
St'át'imc are the original inhabitants of the territory which
extends north to Churn Creek and to South French Bar; northwest to
the headwaters of Bridge River; north and east toward Hat Creek
Valley; east to the Big Slide; south to the island on Harrison Lake
and west of the Fraser River to the headwaters of Lillooet River,
Ryan River and Black Tusk.
Talisker has an Exploration Agreement and close working
relationship with one of the St'át'imc communities, the Bridge
River Indian Band ("Xwisten"), whose traditional territory
includes Bralorne (see the press release dated September 14, 2020). In the context of the future
expansion and development of Bralorne and consistent with
commitments under the existing Exploration Agreement, Talisker
intends to work with the leadership of Xwisten to advance the
development of an Impact Benefit Agreement between Xwisten and
Talisker.
Chief Ina Williams of Xwisten
commented, "We are pleased with Talisker's meaningful engagement
and commitment to building a trusting and long-lasting
relationship."
All activities being proposed by Talisker in its expansion and
permit amendment process will continually be shared with and
discussed with the management, technical advisors and leadership of
Xwisten to ensure all necessary measures are in place to protect
the natural environment, culture and heritage of the Bridge River
area.
About Xwísten
Xwísten is part of the St'át'imc Nation, whose territories
extend from Pavilion in the northeast to Skookumchuck and Port Douglas in the south.
The traditional territory of Xwísten includes the entire watersheds
of the Yalakom and Bridge Rivers between Mission Ridge on one side
and the Blackhills Creek and along Camelsfoot Range on the other.
Currently, Xwísten has 460 registered members led by one Chief and
four Councillors who oversee Xwísten's area of interest on behalf
of their community.
Community Engagement
Talisker also prides itself on having strong relationships with
the communities of southern British
Columbia in which the Company operates. This includes
Bralorne, the Bridge River Valley and the other communities of the
Squamish Lillooet Regional District. The approach of the Company
throughout considering the future of the Bralorne mine complex will
be to engage openly and transparently, seek input through the
conceptualization, design and permitting process, listen and act on
concerns when they are brought forward from the
community.
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior
resource company involved in the exploration of gold projects in
British Columbia, Canada.
Talisker's projects include two advanced stage projects, the
Bralorne Gold Complex and the Ladner Gold Project, both
advanced stage projects with significant exploration potential from
historical high-grade producing gold mines, as well as its Spences
Bridge Project where the Company holds ~85% of the emerging Spences
Bridge Gold Belt and several other early-stage Greenfields
projects. With its properties comprising 296,983 hectares over 346
claims, three leases and 198 crown grant claims, Talisker is a
dominant exploration player in the south-central British Columbia. The Company is well funded
to advance its aggressive systematic exploration program at its
projects.
Caution Regarding Forward-Looking Information
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance and include statements related to:
completion of the drill program and release of a maiden resource;
expanding production and amendments to the Mine Permit; and
Talikser's future plans. 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.
Actual future results may differ materially. 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.
While Talisker considers these statements to be reasonable based
on information currently available, they may prove to be incorrect.
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 market risks
and the demand for securities of the Company, 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 and the
COVID-19 pandemic, access and supply risks, reliance on key
personnel, operational risks, and regulatory risks, including risks
relating to the acquisition of the necessary licenses and permits,
financing, capitalization and liquidity risks.
The forward-looking information contained in this news 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.
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SOURCE Talisker Resources Ltd