District-Scale Play in the Spences Bridge Gold Belt
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Talisker Resources Ltd. (CSE:TSK) is a junior resource company with a dominant land position in the emerging Spences Bridge gold belt in south-central British Columbia, Canada. The property’s location in south-central British Columbia offers Talisker a year-round exploration season and low-cost opportunities that many of its peers don’t have in the northern half of the province. With road access and use of existing infrastructure in nearby towns, Talisker has ensured it is putting its funds into the ground rather than spending it airlifting supplies into base camp.
The Spences Bridge gold belt is prospective for low-sulfidation epithermal gold systems. Talisker has commenced a systematic regional geochemical exploration program consisting of 4500 stream sediment samples at Spences Bridge in one of the largest greenfields exploration programs ever conducted by a junior in BC. Once the program is complete, the company intends to advance numerous anomalies and targets to the drill ready stage.
Talisker’s management team brings a wealth of discovery experience to the company. The team has explored over 10 million hectares of land and discovered over 40 million ounces. The team has also been responsible for “cracking the code” at Barker Gold Mines Ltd.’s (TSXV:BGM) Barkerville deposit at the Cariboo gold project and Osisko’s (TSX:OR) Windfall deposit on the Windfall Lake project.
Talisker Resources Company Highlights
- Talisker is operating in a top mining jurisdiction in Canada.
- Talisker has a dominant land position (70 percent) in the emerging Spences Bridge gold belt in south-central British Columbia.
- A regional geochemical exploration program is currently underway at Spences Bridge.
- Talisker has a strategic alliance in place with WestHaven.
- Proven management and technical team that has explored over 10 million hectares and made 40 million ounces in discoveries.
Spences Bridge Project
The 226,881-hectare Spences Bridge regional project covers over 70 percent of the emerging Spences Bridge gold belt in south-central British Columbia and represents the largest single ground staking in BC history. The project is within five kilometers of WestHaven Ventures Inc.’s (TSXV:WHN) Shovelnose project. WestHaven has recovered values of up to 285 g/t gold at its discovery area, which has a width of up to 46 meters on a defined strike length of 720 meters.
Talisker has formed a strategic alliance with WestHaven. Under the terms of the agreement, any ground staked by Talisker within five kilometers of WestHaven’s existing projects will be subject to a 2.5 percent NSR. West Haven also has a 30-day right of first refusal on any of Talisker’s properties outside of the five-kilometer radius.
Talisker staked the 31,651-hectare Remington claim package and Lola claim in April 2019. The new addition to the Spences Bridge property was based on upper level epithermal geochemical signatures identified in historical government and assessment data in the area. The property lies upon the Bridge River formation, an underexplored 30-kilometer long by 10-kilometer wide belt that could be prospective for low-sulfidation epithermal gold systems. According to government data, historical geochemical work at the Lola claim identified mercury, antimony, gold and silver signatures on the claim, which could be indicative of low sulfidation gold systems.
In June 2019, Talisker entered into three agreements to expand its land position in the Spences Bridge gold belt further. The company acquired the Blustery Mountain project and the Dora-Merritt project.
Regional geochemical exploration program
Talisker has commenced a systematic regional geochemical exploration program at Spences Bridge. The company and its team of 22 geologists will be collecting approximately 4,500 samples from silt fraction and drainage basins across the property. The team will also be mapping alteration and lithology as well as reviewing existing mineral occurrences and historical government stream anomalies.
Once the program is complete, Talisker intends to advance numerous anomalies and targets to the drill ready stage.
Terry Harbort — CEO, President and Director
Terry Harbort has a Ph.D. in Structural Geology and Tectonics. He is a recognized senior member of the discovery team of AngloGold’s Ashanti’s La Colosa and Gramalote deposits. He’s a specialist in mapping and interpretation of ore geometries and ore controls covering various types of geological environments with direct applications to mineral economics from target generation, target definition and evaluation and project management. He is the Co-founder and VP Exploration of Talisker Exploration Services. Currently, he is the Chief Geoscientist for Barkerville Gold Mines Ltd.
Ruben Padilla — VP Exploration
Ruben Padilla has a Ph.D. from the University of Arizona. With over 30 years of experience in the mineral exploration industry, Dr. Padilla has completed important research at the La Escondida deposit. With AngloGold Ashanti Ltd., he acted as exploration country manager in Peru and in Colombia and was chief geologist for the Americas Exploration Group. He was part of the team that discovered the Colosa and Gramalote deposits in Colombia. He is the founder and chief geologist for Talisker Exploration Services Inc. Dr. Padilla is also a director of UniGold Inc. and Minera Alamos Inc.
Luis Arteaga, M.Sc., P.Geo., QP — Exploration Manager
Luis Arteaga is a professional geologist with over 13 years of experience in precious metals exploration in a wide range of mineral deposits. He has worked for various major and junior companies, including five years with AngloGold Ashanti in Colombia and Brazil. Arteaga joined Talisker Exploration Services in 2011 as Senior Geologist where he worked in Mexico, Peru, Northern Ireland and Canada on behalf of the Osisko group of companies. He holds a B.Sc. in geology from Universidad Nacional de Colombia and an M.Sc. degree from Laurentian University. He is a P.Geo and member in good standing with the APGO in Ontario and holds a temporary permit from the OGQ in Quebec.
Andres Tinajero — CFO and Director
Andres Tinajero holds an MBA and is a Member of the Canadian Institute of Chartered Professional Accountants, the Certified Practicing Accountants of Australia and is a Certified member of the Institute of Corporate Directors. He has served as CFO and Vice President of Finance of several medium-sized public companies across Canada.
Tom Obradovich — Chairman
Tom Obradovich has over 30 years of experience in mining exploration, development and financing. He is President and Chief Executive Officer of Canadian Continental Exploration Corp. He was a key individual behind Aurelian Resources (acquired by Kinross Gold Mines for $1.2 billion in 2008), which discovered the Fruta Del Norte gold deposit in Ecuador. He is also a co-founder of Canadian Royalties Inc., which discovered and developed the Raglan south nickel belt and acquired most of the Matachewan gold camp by an RTO of Young-Davidson Mines Ltd. which was subsequently acquired by Northgate Minerals in 2005. He serves on the board of Barkerville Gold Mines Ltd. and Dalradian Resources Inc.
Brent Gilchrist — Director
Brent Gilchrist is an accomplished finance executive with extensive experience in the investment and banking sectors. He is currently the President of JDS Resources Inc., the JDS Group of Companies’ venture capital and private equity arm responsible for investment management, acquisitions and project financing. He is also the President and Co-founder of JDS Silver Inc., the owner and operator of the Silvertip mine located in Northern British Columbia.
Paul Wood — Director
Paul Wood has led and executed numerous transactions across the globe in numerous sectors including tech, finance, manufacturing and mineral exploration. He currently is a strategic advisor to several listed and privately held companies and is a university guest lecturer in China. He is an independent investor and strategic advisor specializing in corporate development and structuring transactions at Kappa Advisors Ltd. and Chief Executive Officer and Director of BTU Metals Corp., a TSXV-listed company. Prior positions include Corporate Development at Celestica, a multinational electronics manufacturer, and at Spar Aerospace, an aerospace, defence and communications company. Prior to working on the corporate side, he held M&A positions at Ernst & Young (Toronto) and CIBC Wood Gundy (UK). He received his BA from Dalhousie University and his MBA from the University of Toronto Rotman.
Blair Zaritsky — Director
Blair Zaritsky is a chartered professional accountant with over 15 years of professional experience, primarily in the mining sector. He has been Chief Financial Officer of Osisko Mining Inc. since June 2011, and was Chief Financial Officer and director of Oban Exploration Limited until 2014. He possesses over 10 years of Canadian public practice experience with exposure to various types of engagements and clients, gained through managing audit engagements of publicly listed companies traded on the TSX, TSXV and Canadian National Stock Exchange. He obtained his Chartered Professional Accountant designation in 2003 and holds two Bachelor of Arts degrees in accounting and economics from Brock University and Western University, respectively.
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