Drilling at Talisker Resources’ (CNSX: TSK; US-OTC: TSKFF) 42-sq.-km Bralorne gold project in British Columbia has returned high-grade gold from new veins as well as from existing structures.
Of the three holes for which results were released, two returned high-grade intercepts. Hole 2020-004 was drilled around the past-producing Pioneer mine and returned 0.5 metre of 27.6 grams gold per tonne starting at 321 metres as well as 0.5 metre of 12.65 grams gold per tonne from 374 metres. Both of the intersections are from the P Main vein and its splays down-dip.
Hole 2020-005A, completed in the Bralorne area, assayed 5 metres of 19.97 grams gold starting at 103 metres, which included higher-grade intervals, and 1 metre of 5.81 grams gold from 563 metres. The intercepts above 500 metres depth are from a new vein and its halos.
“Hole 5A returned our highest-grade and widest mineralized intercept to date,” Terry Harbort, the company’s president and CEO, said in a news release. “We are also very pleased to be encountering numerous previously unknown mineralized structures, with these additional veins highlighting the growing potential of the Bralorne project.”
An 11,200-metre drill program is underway at Bralorne, with a focus on high-grade veins. Hole 5A was the first drill hole completed as part of the company’s second-stage plan, which is targeting structures around historic workings based on historic exploration results. These targets extend to a depth of 750 metres and 1,500 metres.
While hole 5A was terminated early at 737 metres in March, due to the COVID-19 pandemic, drilling restarted in May, and the hole was completed down to a depth of 1,013 metres. The assays above are from the upper portion of this hole while assays from the lower part are pending.
The Bralorne project includes three historic mines: Pioneer, Bralorne and King. These were in production for over 50 years and generated 7.3 million tonnes grading 17.7 grams gold from 30 veins.
There are an additional 33 veins traced at the site and according to Talisker, all 63 of these appear to be open at depth and most are also open for expansion along strike. This past-producing site features a drift sample database with 45,000 assays as well as a database of 1,931 drill holes.
In November 2019, Talisker entered into a purchase agreement with Avino Silver & Gold Mines (TSX: ASM; NYSE-AM: ASM) to acquire a 100% interest in Bralorne.
In addition to Bralorne, Talisker holds the 2,260.4-sq.-km Spences Bridge project, covering about 85% of the emerging Spences Bridge gold belt in southern British Columbia. The company’s properties in the south-central part of the province cover a total of 2,911.7 square kilometres.
At press time in Toronto, Talisker was trading at 40¢ within a 52-week trading range of 13¢ and 65¢.
— This article first appeared in our sister publication, Canadian Mining Journal.