Talisker Signs Ore Sale Letter of Intent (LOI) for Bralorne Gold Project
25 October 2023 - 10:00PM
Talisker Resources Ltd. (“
Talisker” or the
“
Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to
announce that the Company has signed a non-binding LOI with New
Gold Inc. (“New Gold”) to enter into an ore purchase agreement (the
“Ore Purchase Agreement”) in respect of Talisker’s Bralorne Gold
Project (the “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 CEO
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 up front
capital expenditure and start up timelines for Bralorne.”
For further information, please contact:
Terry HarbortPresident and
CEOterry.harbort@taliskerresources.com+1 416 357 0227 |
Matt FilgateVice President,
Corporate Developmentmatt.filgate@taliskerresources.com+1 778 679
3579 |
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 holds ~85% of
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.
The forward-looking information contained in
this 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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