Talisker Resources – Mustang Mine Production Update, Bralorne West and Olympus Development, Upcoming Resource Estimate, 105,000 Meter Drill Program Commenced

Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins us for an production and exploration update at the Mustang Mine, to outline the development towards Bralorne West and over at Olympus, the recently announced 105,000 meter drill program, and to review the work going into the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) at their 100% owned Bralorne Gold Project in British Columbia.

 

Terry outlined the areas of ramp-up in production at the Mustang Mine, currently accessing about 6 ore faces at the 1040 and 1030 levels, with the plan to eventually get down to the 1015 and 980 levels later this year. The mining has been coming from the Alhambra Vein, BK Vein, and BK-9870 Vein, with plans to also begin accessing the Brumbie Vein in the next couple of months.

 

The Company has successfully transitioned over to shipping ore to Ocean Partners in Q1, with over 5,000 tonnes currently being crushed, and market updates on gold payables slated for the next couple of weeks.

 

Development work is continuing from the main area of the Mustang Mine over towards Bralorne West, with about 150 meters to go to be able to start accessing ore faces over in that part of the deposit. 

 

As operations continue ramping up, expanding up to 500 tpd later this year, that the plan is then to keep developing over to increase mining from more areas including from Bralorne West to increase operations to 750-1,000 tpd about 2 years out.

 

Then further out the initiative is to put in a second portal into the historic Pioneer mining area to access the Olympus Mine to the southeast of the Mustang Mine, moving throughput up to the eventual target of 1,500 tpd.

 

Additionally, we explore how the mining process will be further upgraded utilizing ore-sorting technology by Q3 of this year. This ore-sorting will allow for shipping higher-grade material, with less associated waste, making it even more economical to be shipped to Ocean Partners.

 

All 2025 diamond drilling assays have now been received and are being incorporated into the vein model wireframes, which will feed into the upcoming resource estimate and Preliminary Economic Assessment (PEA).

• Talisker has engaged SGS Canada Inc. to complete a National Instrument 43-101 compliant Technical Report incorporating a Mineral Resource Estimate and the PEA for the Bralorne Gold Project.
• The MRE is targeted for Q2, and will update the estimate in the Company’s current Technical Report (completed in 2023) and incorporate an additional 138 drill holes (representing 31,093m of drill core), as well as the depletion of areas already mined by Talisker at the Mustang Mine in 2025.
• In addition, Talisker has engaged third-party consultants to complete studies regarding mining, infrastructure, process, capital and operation costs, as well as economic studies. The information from these studies will be provided to SGS for review and incorporation in the PEA, expected to be completed during Q3 2026.

 

On April 21, 2026, Talisker Resources announced that the Company has increased its diamond drill program from 30,000 metres to 105,000 metres. The program will consist of 83,000 metres of resource conversion drilling at the Mustang, Bralorne West and Olympus areas and 22,000 metres of exploration drilling targeting veins at Congress and Pioneer Deeps.  Terry further unpacks the goals of this largest drill program to date at each of these areas and how this will set the company up for its growth initiatives for years to come.

 

If you have any follow up questions for Terry regarding Talisker Resources, then please email me at [email protected].

 

• In full disclosure, Shad is a shareholder of Talisker Resources at the time of this recording, and may choose to buy or sell shares at any time.

  

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