Talisker Provides 2026 Operational Update
Talisker Resources Ltd.
120 Adelaide Street West, Suite 900 Toronto, Ontario M5H 1T1
TSK TSKFF TSX OTCQB
Talisker Provides 2026 Operational Update
Toronto, Ontario, September 14, 2026 – Talisker Resources Ltd. ("Talisker" or the "Company") (TSX: TSK, OTCQB: TSKFF) is pleased to provide an operational update on activities at its Bralorne Gold Project in British Columbia.
Key Highlights
- Gold Production and Sales: Produced approximately 4,884 ounces of gold from 19,014 tonnes mined at an average grade of 7.99 g/t Au up to August 31, 2026. Sold 18,499 tonnes at an average grade of 8.05 g/t Au, representing 4,788 contained gold ounces. In addition, 770 ounces was sold as gold concentrate for a total of 5,558 ounces.
- Ore Inventory: Current inventory of approximately 8,100 tonnes, supporting continued marine shipment schedules through the remainder of 2026.
- Underground Development: Completed 2,265 metres of underground development year-to-date, comprising 1,041 metres of operating development and 1,224 metres of capital development.
- Mustang Production and Growth: Successfully mined the Alhambra vein stopes in the upper Mustang and added new stopes to the mine plan following positive drilling results that extended the Alhambra vein. Production long-hole drilling is underway on the BK-9870 vein system, with stoping scheduled to begin by late Q3 2026.
- Lower Mustang Development: Advanced the Lower Mustang Decline by 329 metres in 2026, opening access to the 1045, 1030 and 1015 levels, supporting development of 13 new mineralized headings, with five currently producing and multiple additional headings planned following positive BK and Alhambra vein intercept drill results.
- Bralorne West Development: Completed 108 metres of capital development on the Bralorne West Decline in 2025 and 296 metres in 2026 for a total of 404 metres. Constructed a resource definition drill bay at the bottom of the ramp, and commenced Phase 3 lateral development on September 3, 2026, to advance towards the centre of the Bralorne West Zone.
- Key Underground Infrastructure: Installed and commissioned a 20-person refuge station, completed the 1045L-to-1030L ventilation raise, and progressed construction of a secondary underground explosives magazine.
- Surface Infrastructure Expansion: Completed major earthworks and site preparation at the Mustang Mine to support future growth, including infrastructure for the crushing and sorting facility, electrical upgrades, maintenance facilities, and waste rock storage expansion.
- Power Upgrades: Installation of a new 1.2 MW power plant with 100% redundancy is underway, with infrastructure in place to expand capacity to 2.4 MW in the future.
- Ventilation Upgrades: Procured two 100-hp primary ventilation fans and completed associated engineering. Ventilation projects at Mustang and Bralorne West remain on schedule for commissioning in October and are expected to deliver approximately 55,000 cubic feet per minute (cfm) of additional airflow to the mine, enabling higher development and production rates.
- Camp Expansion: Commissioned a new 32 bed accommodation facility, commenced removal and replacement of legacy camp infrastructure for a new 42 bed dormitory, mine dry, and recreation facilities.
- Resource Conversion Drilling: Completed 26,730 metres of drilling as of August 31, 2026, including 14,933 metres at the Mustang Mine and 11,797 metres at the Bralorne West Mine. Three drill rigs remain active across the project, with plans to add a fourth drill in Q1, 2027.
- PEA Advancement: Engineering, mine planning, and economic evaluations for the PEA are progressing and remains on schedule, with a completion date targeted for early Q4.
- Permitting Progress: The 750 tonnes per day (tpd) permit amendment was submitted in July and is under review by governing agencies. The Company initiated work on a major joint permitting amendment for production beyond 750 tpd and construction of on-site mill. Baseline studies commenced in August 2026.
- Crushing and Sorting Facility: Detailed engineering is progressing. Major long lead time equipment including the jaw crusher, vibrating screen plant and cone crusher have started to arrive, site earthworks preparation is underway, and construction activities are scheduled to accelerate through Q4 2026.
Terry Harbort, CEO of Talisker, commented, “Congratulations to the Talisker team for successful execution on what has been a very busy year at Bralorne. A focused and combined effort has been undertaken to build the platform for growth, with key advancement on surface infrastructure, ventilation, power, accommodation, permitting, resource conversion and most importantly development, with the opening of three new mining levels at Mustang and the completion of ramp access to our second planned mining centre at Bralorne West. With the upcoming release of our PEA, we look forward to the continued delivery of our objectives.”
Upcoming Webinar
The Company will host a webinar on Thursday, September 17, 2026, at 2:00 pm ET, during which management will review the results outlined in this news release and provide an update on ongoing activities at the Bralorne Gold Project.
Please register here: https://us02web.zoom.us/webinar/register/WN_Rd2ilciTQxqA-rgolzhHnA
The webinar livestream replay will also be available after the event: https://bit.ly/adcap-youtube.
Mining Operations
As of August 31, 2026, Talisker has achieved the following year-to-date operating results:
- 19,014 tonnes mined at an average grade of 7.99 g/t gold, producing approximately 4,884 ounces of gold,
- 20,644 tonnes delivered to the Company's crushing facilities in Lillooet, including approximately 1,137 tonnes of mineralized material mined at the end of 2025,
- 18,499 tonnes sold at an average grade of 8.05 g/t gold, representing approximately 4,788 ounces of contained gold.
At the Mustang Mine, year-to-date mining activities include:
- Successful extraction of the Alhambra stopes between the 1090 and 1120 Levels, located within the upper Mustang Mine Zone.
- Recent diamond drilling results identified additional mineralized material on the western extension of the Alhambra vein, resulting in the addition of new stopes to the mine plan that were not previously forecast. These stopes are expected to be mined following completion of lateral development on the 1105 and 1120 Levels.
- In parallel, production long-hole drilling of the BK-9870 vein network in the upper Mustang Mine is currently underway, with stope extraction scheduled to commence in late Q3 2026 (Figure 3).
- Ore production continues from active on-vein lateral development on the 1060, 1045, 1030, and 1015 Levels. This production is supplemented by high-grade material from legacy mining areas in the upper Mustang, supporting overall production and grade performance.
- Continued advancement of the Lower Mustang Decline has totaled 329 metres in 2026, providing access to the 1045, 1030 and 1015 Levels, with development now progressing toward the 1000 Level.
- Decline development in 2026 provided access to 13 new mineralized headings, with five currently in production, two additional headings planned on the 1015 Level following encouraging results from the BK Vein, and two Alhambra Vein extensions planned on the 1105 and 1120 Levels based on positive drill results.
- Phase 1 and Phase 2 of the Bralorne West Access Decline were completed in 2026, consisting of 296 metres of capital development that extended underground access to the Bralorne West Zone. Subsequent work included construction of an underground diamond drill bay to support resource definition drilling. Phase 3 commenced on September 3, 2026, advancing capital development toward the centre of the Bralorne West Zone, the Black Bird ventilation raise, and future ore headings on the 1060 Level.
- Other key work completed underground includes:
- Installation and commissioning of a 20 person refuge station in the Bralorne West Decline;
- Completion of a ventilation raise connecting the 1045L and 1030L levels at the Mustang Mine;
- Development of a secondary underground explosives magazine, which will be completed by mid- October.
Table 1: Year to Date Mine Operations Metrics
| Description | Lateral Metres | Tonnes | |||
|---|---|---|---|---|---|
| Lateral Development OPEX | 1,041 | 18,477 | |||
| Lateral Development CAPEX | 1,224 | 59,811 | |||
| TOTAL | 2,265 | 86,381 | |||
| Mined Ore - Lateral | - | 12,452 | |||
| Mined Ore - Stoping | - | 6,604 | |||
| Mined Ore - Legacy | - | 920 | |||
| TOTAL | 19,976 |
Talisker continues to accumulate material at its crushing and storage facility in Lillooet, British Columbia, in preparation for its next scheduled shipment. The Company currently has stockpiles totaling 7,606 tonnes, including:
- 7,091 tonnes grading 6.54 g/t gold of crushed mineralized material
- 515 tonnes grading 5.68 g/t gold of uncrushed mineralized material
Trucking operations from the Lillooet crushing facility to the Pembina Port of North Vancouver are ongoing, and the Company anticipates its next marine shipment will depart in late October or early November 2026.
Table 2: Bralorne Gold Project 2026 Crushing, Shipping and Stockpile Metrics.
*Differences in the totals are rounding errors.
| Description | Tonnes (wmt) | Gold Grade (g/t Au) | Gold Ounces Mined | ||||
|---|---|---|---|---|---|---|---|
| First Marine Vessel Shipment | 10,944 | 8.71 | 3,064 | ||||
| Current Lillooet Stockpile | 6,284 | 6.00 | 1,212 | ||||
| Current Pembina Stockpile | 807 | 10.77 | 279 | ||||
| TOTAL | 18,035 | 7.86 | 4,558* | ||||
| Uncrushed Lillooet Stockpile | 515 | 5.68 | 94 |
Figure 1: Overview 3D perspective looking northeast at the King, Mustang, and Bralorne West Mines illustrating mined stopes in green (Mustang Mine only), future planned stopes in blue, future planned lateral development in yellow, and existing development and stopes in grey.
LOOKING: NORTHEAST KING MINE 100 m
MUSTANG MINE
BRALORNE WEST MINE
Mustang Mine Portal
Figure 2: 3D perspective of the Mustang Mine looking northeast, illustrating stopes and lateral development mined in 2025 in red, stopes and lateral
980 Level Portal
development mined in 2026 in green, planned stopes for 2026 in blue, planned lateral development for 2026 in yellow, and legacy development workings and stopes in grey.
Figure 2: 3D perspective of the Mustang Mine looking northeast, illustrating stopes and lateral development mined in 2025 in red, stopes and lateral development mined in 2026 in green, planned stopes for 2026 in blue, planned lateral development for 2026 in yellow, and legacy development workings and stopes in grey.
MUSTANG MINE
1120 Level
1045 Level 1090 Level
1075 Level 1030 Level
1060 Level
1015 Level
1000 Level
980 Level
50 m
Figure 3: Vertical cross-section looking south showing planned production stopes currently being long-hole drilled on the BK-9870 vein network between the 1120 and 1090 Levels of the Upper Mustang Mine.
Figure 4: Plan view of the Mustang Mine, 1105 and 1100 Levels, BK-9870 Vein. Planned stopes in hashed green and blue, rib pillars in hashed yellow, veins in red, existing lateral development outlined in black.
Figure 5: Plan view of the Mustang Mine 1090 Level BK-9870 Vein production stoping. Planned stopes in hashed green and blue, rib pillars in hashed yellow, veins in red, existing lateral development outlined in black.
Figure 6: Plan view of the Mustang Mine 1060 Level lateral development. Existing development outlined in black, with planned development outlined Figure 7: Plan view of the Mustang Mine 1045 Level lateral development. Existing development outlined in black, with planned development outlined Figure 8: Plan view of the Mustang Mine 1030 Level lateral development. Existing development outlined in black, with planned development outlined