{"id":1151174,"date":"2019-11-21T15:45:43","date_gmt":"2019-11-21T21:45:43","guid":{"rendered":"https:\/\/www.mining.com\/?p=1007390"},"modified":"2019-11-21T15:45:43","modified_gmt":"2019-11-21T21:45:43","slug":"talisker-buys-bralorne-project-from-avino-announces-financing","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1151174","title":{"rendered":"Talisker buys Bralorne project from Avino, announces financing"},"content":{"rendered":"<p>Talisker Resources announced it has entered into a purchase agreement with Avino Silver and Gold Mines to acquire a 100% interest in the 4,200 hectare Bralorne gold project 248 km northeast of Vancouver.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Upon closing of the transaction, Talisker will issue Avino a cash payment of C$8.7 million as well as 9.9% of the pro-forma Talisker common shares outstanding. The company will also issue half the number of warrants relative to shares and make a $2.5 million payment upon commercial production at Bralorne and assume project restoration and reclamation obligations.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> The project produced 4.2 million oz. of gold from three mines between 1928 and 1971 at a head grade of 17.7 g\/t gold <\/p>\n<\/blockquote>\n<\/figure>\n<p>Bralorne measured and indicated resources stand at 247,773 tonnes grading 11.46 g\/t gold for a total of 91,527 oz. with additional inferred resources of 329,786 tonnes at 7.91 g\/t gold for 83,900 ounces.<\/p>\n<p>The project produced 4.2 million oz. of gold from three mines between 1928 and 1971 at a head grade of 17.7 g\/t gold. Past production was from 30 veins with over 60 veins identified to date.<\/p>\n<p>Talisker has also announced a financing of up to C$10.2 million, consisting of a private placement of up to C$4 million and the sale of a 1.2% royalty on the project to Osisko Gold Royalties for C$6.2 million.<\/p>\n<p>Talisker\u2019s land holdings in southern B.C. currently total 231,413 ha. and cover the majority of the Spences Bridge gold belt. Bralorne grounds are adjacent to these holdings.<\/p>\n<p><em>(This article first appeared in the <\/em><a aria-label=\"Canadian Mining Journal (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"http:\/\/www.canadianminingjournal.com\/\" ><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talisker will issue Avino a cash payment of C$8.7 million as well as 9.9% of the pro-forma Talisker common shares outstanding.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1151174"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1151174"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1151174\/revisions"}],"predecessor-version":[{"id":1151175,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1151174\/revisions\/1151175"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1151174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1151174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1151174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}