05:19:53 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



New Gold Inc
Symbol NGD
Shares Issued 684,297,824
Close 2023-10-24 C$ 1.49
Market Cap C$ 1,019,603,758
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Talisker signs Bralorne ore purchase LOI with New Gold

2023-10-25 09:51 ET - News Release

See News Release (C-TSK) Talisker Resources Ltd (2)

Mr. Terry Harbort of Talisker reports

TALISKER SIGNS ORE SALE LETTER OF INTENT (LOI) FOR BRALORNE GOLD PROJECT

Talisker Resources Ltd. has signed a non-binding LOI (letter of intent) with New Gold Inc. to enter into an ore purchase agreement in respect of Talisker's Bralorne gold project. The parties will use commercially reasonable efforts to diligently and, in good faith, negotiate and enter the ore purchase agreement, whereby New Gold proposes to purchase up to 300,000 tonnes of ore from the project to process at the mill located at its New Afton mine.

Terry Harbort, Talisker's president and chief executive officer, stated: "We are excited to be partnering with New Gold as we take the next steps towards production at the Bralorne gold project. The ability to process our ore at the world-class New Afton facility provides a unique advantage to Talisker in both reducing upfront capital expenditure and start-up timelines for Bralorne."

About Talisker Resources Ltd.

Talisker 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 a historical high-grade producing gold mine, and the Spences Bridge project, where the company holds approximately 85 per cent of the emerging Spences Bridge gold belt, and several other early-stage greenfield projects.

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