10:45:53 EDT Thu 03 Jul 2025
Enter Symbol
or Name
USA
CA



Talisker Resources Ltd (2)
Symbol TSK
Shares Issued 115,814,294
Close 2025-05-14 C$ 0.49
Market Cap C$ 56,749,004
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Talisker renews milling agreement with Nicola Mining

2025-05-15 10:11 ET - News Release

Also News Release (C-NIM) Nicola Mining Inc (2)

Mr. Terry Harbort of Talisker Resources reports

TALISKER RENEWS MILLING AGREEMENT WITH NICOLA MINING INC. AND INITIATES TRUCKING OF MUSTANG RUN OF MINE MATERIAL

Talisker Resources Ltd., through its 100-per-cent-owned subsidiary, Bralorne Gold Mines Ltd., has renewed the milling agreement with Nicola Mining Inc. in connection with processing run-of-mine material from the Mustang mine at Nicola's Craigmont mill, located in Merritt, B.C.

In addition, on Sunday, May 11, 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 have 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 have been completed at the Mustang mine, including waste development on the 1090, 1085, 1100, 1105 and 1120 levels and development on mineralized vein material on both east and west fronts on the 1060 and 1075 levels. An attached table summarizes the current state of development.

Terry Harbort, Talisker's president and chief executive officer, 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. Also, Talisker 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 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 Corp.

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, PEng (EGBC membership No. 61002), general manager of Bralorne Gold Mines, who is a qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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 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.

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