Talisker Resources (TSK.TO) on Wednesday reported the development on the newly established 1045 Level along the BK Vein at the Mustang Mine where it has successfully intersected a continuous 60-meter strike length of high-grade mineralization.
The company said the zone comprises a "well-defined" banded quartz vein averaging 27 grams per tonne (g/t) gold across an average width of 0.85 metres with a total of 384 visible gold occurrences across 17 of the 25 faces channeled on the structure.
"This result highlights the strong continuity of the mineralized structures within the Mustang Mine and further supports Talisker's geological model," said Talisker Resources in a statement. "Ongoing development continues to demonstrate the robustness and expansion potential of the BK Vein system, reinforcing confidence in the asset's ability to deliver consistent high-grade material."
Talisker also reported that new development along the BK Vein on the 1060 Level at the Mustang Mine has intersected a "high-grade" ore shoot, located about 15m beyond previously developed workings. The company said this discovery "underscores the significant upside potential for continued resource expansion at depth and along strike within the BK Vein system."
Shares of the company closed unchanged at $1.48 on Tuesday on the Toronto Stock Exchange.