- Talisker Resources (CSE:TSK) has announced the assay results from its Bralorne Gold Project in British Columbia
- Highlight results from the assay include 17.35 grams per tonne gold over 0.80 metres
- The ongoing drill program totals 11,200 metres of work
- Talisker Resources (TSK) is down 19.9 per cent at $0.25 per share, and has a market cap of $32 million
Talisker Resources (CSE:TSK) has announced the initial assay results from its Bralorne Gold project in British Columbia.
The company released the results from the first hole it drilled on site last week. There was mineralisation of 27.3 grams per tonne gold over 6 metres and 16.45 grams per tonne gold over 0.5 metres.
The program’s highlight from newly released hole 2 included 17.35 grams per tonne gold over 0.80 metres, 247 metres down. Other results included 32.20 grams per tone gold over 0.97 metres from 414 metres down.
Talisker believes it has unearthed significant gold mineralisation in the altered halos surrounding veins in the foot and hanging wall of the mineralised zone.
The market however, has not taken the news well, with Bralorne stock falling 20 per cent this morning. With the significant depth of mineralisation and the relatively short intersections, the market has not agreed with the company’s assessment.
Talisker’s CEO, Terry Harbort, said “Hole 2 gives us a good indication of down dip structural continuity extending intercepts from hole 1; 87 metres from the P Main, 60 metres for the J vein and 30 metres for the PHW vein.
“We are encouraged again by the high-grade gold results and the persistence of the mineralised halo adjacent to the veins” he added.
Talisker is drip-feeding the Bralorne Gold Projects assays to the market, due to COVID-19’s effect on site work.
The company’s work at the site had to stop in April due to coronavirus fears. Talisker employees a large indigenous workforce, and the company did not want to put them or their communities at risk.
Talisker Resources (TSK) is down 19.9 per cent to C$0.25 per share at 12:08pm EDT.