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Taranis Resources Inc.
Summary
| Project: | Thor | |
|---|---|---|
| Deposit: | Great Northern | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Lead-Zinc-Copper | |
| Date: | 10/3/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2016: Taranis Resources Inc. announces an Exploration/Drilling Update report for its Great Northern deposit at the Thor project. Drilling results incl. 25.6m @ 61.2g/t Ag, 0.66g/t Au, 0.04% Cu, 1.02% Pb, 1.63% Zn from 55.78m. Lakewood, Colorado, Octo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Gardiner, Jim Helgeson (Internal) | |
| ABSTRACT: | Lakewood, Colorado, October 03, 2016 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO] is pleased to announce further results from its 2016 Phase 1 drilling program. Thor is a near surface silver-gold-lead-zinc-copper deposit that has over 200 drill holes completed and considerable exploration upside. Thor-175 was completed east of the Great Northern Mine and encountered wide-scale mineralization over a 25.6m wide interval. The lower portion of this interval included 9.14m of high-grade precious and base metal mineralization. The following table shows the results from drill hole Thor-175 (-900 ). The drill hole intersected the zones normal to the dip of the zones and approximate true thickness. There are two mineralized intervals, one from 49.07-53.49m, and a wider interval from 55.78–81.38m. The lower interval includes a higher-grade section that was 9.14m wide. Mineralization in drill hole Thor-175 shows a close relationship to a large, deep source magnetic anomaly that was first outlined on the property in 2008. Other drill holes in this immediate area have intersected quart-feldspar porphyry (“QFP”) in close vicinity to hole Thor-175, including Thor-61 and Thor-179 (not yet reported) and may be important exploration guides at Thor. | |
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