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Taranis Resources Inc.
Summary
| Project: | Thor | |
|---|---|---|
| Deposit: | Thor | |
| Location: | Canada | |
| Commodities: | Silver-Gold-Lead-Zinc-Copper | |
| Date: | 11/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-11-2016: Taranis Resources Inc. announces an Exploration/Drilling Update report for its Thor deposit at the Thor project. Drilling results incl. 2.50m @ 400.8g/t Ag, 0.55g/t Au, 0.13% Cu, 2.38% Pb, 3.19% Zn from 54.89m. Lakewood, Colorado, November 14, | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Gardiner, Jim Helgeson (Internal) | |
| ABSTRACT: | Lakewood, Colorado, November 14, 2016 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO] is pleased to announce further results from its 2016 exploration program at its Thor project in southeast British Columbia. The results outlined in this News Release pertain to an area that is located on the southeast end of the Great Northern Zone, transitional into the Broadview Mine located 460 m to the southeast of the drill hole. This area had received almost no drilling prior to 2016. Drilling planned for 2017 will attempt to connect these two deposit areas and is expected to add substantial tonnage to the existing Resource. Drill hole Thor-177 was drilled in an area that is transitional between the Great Northern Zone and the Broadview Mine area. This intercept is particularly noteworthy in that it intersected three zones that may in fact be the same zone folded into a tight, recumbent ‘S-shaped’ fold structure. This leads to a pronounced right handed shift of the zones in this area, and it now appears that the Great Northern Zone and Broadview Zones are in fact the same zones. It is not known how the historic Broadview Mine area is connected to the high-grade Great Northern Zone. Drill holes Thor-177 & 179 have identified a tight fold in this area that has repeated the same mineralized horizon three times. Additional drilling will be required to accurately define the fold structure. | |
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