Talisker Resources (CSE: TSK) is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker's projects include the Bralorne gold complex, an advanced-stage project with significant exploration potential from a historical high-grade producing gold mine, as well as its Spences Bridge project, where the company holds approximately 85 per cent of the emerging Spences Bridge gold belt. Currently the company has 212M shares outstanding, and is trading in-between $0.40-$0.50 over the last 30 days. As of today, the market cap of the company is $85M.

Further to its earlier news release, the company has agreed with Sprott Capital Partners LP and PI Financial Corp., as co-lead underwriters and co-bookrunners, to increase the size of the bought deal private placement due to the high level of interest. The company will now issue 28,260,870 units, priced at 46 cents per unit ($13-million) and 15,625,000 charity flow-through (FT) share units, priced at 64 cents per charity FT unit ($10-million), for total gross proceeds of $23-million.

A notable deal that just happened close by to Talisker is Artemis Gold’s takeover of the Blackwater Gold Project in British Columbia from New Gold, with an initial payment of $140 million. In conjunction with the transaction, Artemis closed a $175M private placement on July 7th 2020. Artemis shares last traded at $4.80.

The company has been making steady progress with their Bralorne Gold Project. Per there latest press release, the company drilled 3.45 m of 7.2 g/t Au, 5.96 g/t Au over 1m, 3.18g/t Au over 0.95m, and 31.1 g/t Au over 0.65m.

Terry Harbort, president and chief executive officer of Talisker, commented: "These holes, the first stepping out along strike and downdip, strengthen our view of the structural and grade continuity of the Bralorne deposit, showing up to 180 m of vertical and 100 m of horizontal high-grade continuity. We are particularly encouraged by the confirmation of the extension of high-grade close to surface mineralization previously intersected in hole 5A also intersected in hole 7. These confirmatory results further support our model and our decision to increase the size of our drill plan."

Further drilling, and assaying could be promising for Talisker. With the latest drill hole success, and huge support from the investment community, Talisker could potentially be the next player in North America, while being in one of the safest mining countries in the world.

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