- Talisker Resources Ltd (CSE:TSK) has announced their partial results from their first drill hole at the Bralorne Gold Project in BC.
- Talisker is undertaking some 11 km of drilling at the sight
- Drilling is targeting high grade gold veins already identified on the property.
- results have returned 11.3 g/t gold over 0.9 m from 237m
- Talisker Resources Ltd (TSK) is down 2 per cent at C$0.23 per share with a market cap of $20 million
Talisker Resources Ltd (CSE:TSK) has announced results from its first drill hole at its Bralorne Gold Project in British Columbia.
Talisker have intersected 11.3 g/t gold over 1 metre from 237 metres down on their PHW Vein.
The hanging wall and the footwall of the PHW vein are the main drill targets.
Talisker is undertaking some 11 km of drilling at the site in 2020.
These are the first results to come out of the project since they acquired the Bralorne project in December of 2019.
The company located a void where they anticipated their main vein to be.
In addition, significant gold mineralisation was identified for the first time in the altered halos surrounding the veins in both the footwall and the hanging wall, both locations associated with intense silica alteration.
President and CEO of Talkiser, Terry Harbort, said the company was very happy with the results.
“Initial results from our first hole at Pralorne…clearly demonstrated our proof of concept intersecting the veins as interpreted and returning high grade gold results as anticipated.
“We are additionally encouraged by the identification of mineralised halos adjacent to the veins. This new observation has potential to allow us to decrease dilution during the resource modelling phase,” he said.
Talisker only recently purchased Bralorne, a historic gold site in British Columbia.
Bralorne has a historically high grade of return, and the company believes significant mineralisation still remains on the site.
The company is also advancing its Spences Bridge project, a Greenfield property in which it owns an 85 per cent interest.
Talisker Resources (TSK) is down 2 per cent at $0.23 per share, as of 2:24pm EST.