Talisker hires SGS to complete Bralorne 43-101 report

Executive Summary

• Talisker Resources Ltd. has engaged SGS Canada Inc. to prepare a National Instrument 43-101-compliant technical report for its Bralorne gold project.
• The report will include an updated Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA).
• The updated MRE will incorporate data from 138 additional drill holes (31,093 meters of core) and account for the depletion of areas mined at the Mustang mine in 2025.
• The technical report is expected to be completed in Q2 2026.

Key Details

• Engagement: SGS Canada Inc. selected to complete the NI 43-101 technical report.
• Scope of Work:
  • Update the existing Mineral Resource Estimate (last completed in 2023).
  • Conduct a Preliminary Economic Assessment (PEA).
  • Incorporate design and infrastructure criteria for the expansion of the Mustang mine and the new Olympus mine.
• Data Inputs:
  • Addition of 138 drill holes.
  • Total of 31,093 meters of drill core added to the database.
  • Depletion of areas already mined by Talisker at the Mustang mine in 2025.
• Supporting Studies: Third-party consultants are completing studies on mining, infrastructure, process, capital, and operation costs, which will be reviewed and incorporated by SGS into the PEA.
• Standards Compliance:
  • MRE prepared in accordance with Canadian Institute of Mining (CIM) estimation of mineral resources and mineral reserves best practice guidelines (2019).
  • Classification consistent with CIM definition standards for mineral resources and mineral reserves (2014).
  • Compliance with all disclosure requirements for mineral resources set out in NI 43-101.
• Timeline: Completion expected during Q2 2026.
• Operational Context: Operations at the Bralorne gold project are currently in the commissioning/ramp-up phase.

Notable Quotes

• "We are pleased to have engaged a strong multidisciplinary group such as SGS to conduct our mineral resource estimate update and preliminary economic assessment. The PEA will incorporate design and infrastructure criteria for the expansion of our Mustang mine and the new Olympus mine, providing an independent NI 43-101-compliant framework to support our current operations and future growth plans. This is the beginning of an exciting year for Talisker!" — Terry Harbort, President and CEO