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Taranis Resources Inc.
Summary
| Project: | Thor | |
|---|---|---|
| Deposit: | Thor | |
| Location: | Canada | |
| Commodities: | Silver-Gold-Lead-Zinc-Copper | |
| Date: | 10/11/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2016: Taranis Resources Inc. announces an Exploration/Drilling Update report for its Thor deposit at the Thor project. Drilling results incl. 9.05m @ 459g/t AgEq from 34.9m. Lakewood, Colorado, October 11, 2016 – Taranis Resources Inc. (“Taranis”) [ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Gardiner, Jim Helgeson (Internal) | |
| ABSTRACT: | Lakewood, Colorado, October 11, 2016 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO] is pleased to announce further results from its 2016 Phase 1 drilling program. Thor-176 was completed 20 m northwest of drill hole Thor-175 that intersected 9.14 m of 407 g/t Silver Equivalent (See Taranis News Release dated October 3rd, 2016). The following table shows the results from drill hole Thor-176 (-900 ), and intersected the zones normal to the dip of the zones and approximate true thickness. There are two mineralized intervals, one from 34.90-43.95m, and a lower grade interval from 49.90–60.96m. The first interval includes the highest base metal content ever drilled at Thor, and includes 1.50m of 41.54% combined Cu+Pb+Zn, 3.28 g/t gold and 494.4 g/t silver. Thor-176 can be correlated to a similar grade interval found in drill hole Thor-175. All of the sulfide mineralization accompanies sphalerite, chalcopyrite, tetrahedrite and chalcopyrite. Gold and silver occur in close combination with the sulfide minerals. This drilling occurs in an area east of the Great Northern deposit that has not been tested previously with diamond drilling. John Gardiner, President and CEO of Taranis states “Thor-176 is just another example of Thor’s ability to incrementally add value to our Thor deposit with continued exploration drilling. There are several other areas on the property that remain to be drilled prior to assembling a global Resource, including the Broadview Mine area and the Scab Zone. These areas are slated to be drilled in summer of 2017 as a prelude to undertaking the second and final NI 43-101 Resource estimate at Thor”. | |
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