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Taranis Resources Inc.
Summary
| Project: | Thor | |
|---|---|---|
| Deposit: | Great Northern | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Lead-Zinc-Copper | |
| Date: | 9/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-9-2016: Taranis Resources Inc. announces an Exploration/Drilling Update report for its Great Northern deposit at the Thor project. Drilling results incl. 2.75m @ 193.5g/t Ag, 0.17g/t Au, 0.27% Cu, 3.89% Pb, 10.06% Zn from 34.02m. Lakewood, Colorado, Se | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Gardiner, Jim Helgeson (Internal) | |
| ABSTRACT: | Lakewood, Colorado, September 14, 2016 – Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to announce that the results of a follow-up NQ drill hole that was designed to test the down-dip continuation of two new zones found under the exiting Great Northern deposit at its 100%-owned Thor Ag-Ag-Pb-Zn-Cu deposit in British Columbia. The following table shows the results from drill hole Thor-172 (-65 degrees) that was drilled under drill hole Thor-171 (-50 degrees) east of the Great Northern Mine. The drill hole intersected the zones normal to the dip of the zones and approximates their true thickness. Taranis has now completed a number of holes in this area of the deposit and will continue to report the results as they become available. Taranis has also posted a cross-section on www.taranisresources.com that shows the location of the zones relative to the main Great Northern Zone, and will update this frequently. John Gardiner, President and CEO of Taranis Resources Inc. comments “Thor-172 was successful in extending the high-grade intercepts in the discovery hole Thor-171 for the Great Northern Middle and Lower zones. This shows that the zone has a moderate dip to the northeast similar to the Main Great Northern Zone, and these zones form three parallel zones each separated by about 30m. The occurrence of multiple parallel zones under the known Thor deposit has tremendous implications for the continued growth of the deposit, and the configuration of the zones is certainly amenable using low-cost, open pit mining”. | |
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