Talisker Completes Golden Hornet Option Agreement
Globenewswire·2025-01-30 12:00

Core Viewpoint - Talisker Resources Ltd. has successfully acquired the Golden Hornet Project and negotiated the purchase of a 2% Net Smelter Royalty, enhancing its exploration portfolio in British Columbia [1][2][3] Group 1: Acquisition Details - The acquisition of the Golden Hornet Project was completed following a previously announced option agreement [1] - Talisker purchased a 2% Net Smelter Royalty for a total of $100,000, with $38,000 in cash and $12,000 through the issuance of shares [1] - Osisko Gold Royalties Ltd. acquired the other 1% of the royalty under a first right of refusal agreement [1][2] Group 2: Exploration and Drilling Results - The Golden Hornet Project is at an advanced exploration stage, with a 2022 drill program showing high-grade gold potential [3] - Initial drilling highlights include intersections of 8.88 g/t Au over 5.1 metres and 11.58 g/t Au over 1.05 metres, indicating a large mineralized system [6] - A total of 4,853 metres of drilling was completed in 14 holes, with significant mineralization found in both the central Hornet Zone and Iron Canyon Zone [6]