Talisker Resources – Comprehensive Exploration And Development Update As The Mustang Mine Is Moving Towards Near-term Production At The Bralorne Gold Project
Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins me for a comprehensive update on the confidence in the mineral resources, ongoing exploration and development work, and the near-term pathway towards moving into gold production at the Mustang Mine, located on their Bralorne Gold Project in British Columbia.
Terry outlines the mineral inventory that their team has delineated after 150,000 meters of exploration drilling, and then an additional 15,000 meters drill last year to upgrade categories and confidence in the resource estimate and model. We review that main area of focus for the development declines and work up until this point in time has been in the unmined area, between the historically mined Bralorne and King mines, now referred to as the Mustang Mine. In addition to being amenable to toll mining at nearby processing centers with spare capacity, there have been studies underway looking at upgrading the ore on site using ore-sorting technology, so that higher-grade material, with less associated waste would make it more economical to be shipped to additional processing centers.
We shift over to the remaining work there to be completed, a rough idea of the sustaining capital that will be needed to put the Mustang Mine into production imminently and start ramping up the throughput from 100 tonnes per day (tpd) in the next couple months, to 175 tpd after that, and then up to 250 tpd by year-end. Moving into next year it is anticipated that throughput can rise up to 500 tpd and then eventually 750 tpd in the years thereafter. That will involve pulling in material from the unmined areas between the historic Bralorne and Pioneer mines as a second eventual area of focus.
Wrapping up we discuss the health of their treasury, the strength of the management and operational teams, and the key milestones and news on tap for the balance of this year.
- If you have any follow up questions for Terry then please email me at Shad@kereport.com.
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