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Taranis Resources Inc.
Summary
| Project: | Thor | |
|---|---|---|
| Deposit: | Thor | |
| Location: | Canada | |
| Commodities: | Silver-Gold-Lead-Zinc-Copper | |
| Date: | 10/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2016: Taranis Resources Inc. announces an Exploration/Drilling Update report for its Thor deposit at the Thor project. Drilling results incl. 2.22m @ 465.8g/t Ag, 2.79g/t Au, 0.97% Cu, 0.13% Pb, 0.19% Zn. Lakewood, Colorado, October 17, 2016 – Taran | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Gardiner, Jim Helgeson (Internal) | |
| ABSTRACT: | Lakewood, Colorado, October 17, 2016 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO] is pleased to announce further results from its 2016 Phase 1 drilling program at Thor. Thor-173 and Thor-178 were drilled on a geological cross-section through the deposit, adjacent to drill holes Thor-171 and Thor-172 whose results were previously announced (September 14th, 2016). and are summarized in this news release for comparative purposes. Thor-178 was drilled at an angle of -450 and was drilled up-dip of Thor-171. This drill hole intersected the continuation of the newly discovered Great Northern Middle Zone. Of particular interest in this hole is the high level of gold and silver compared to base metal content. These holes in conjunction with other holes completed on the same section document a metal zonation where the silver and gold content increases up-dip in the Great Northern Zone. The intercept in Thor-178 occurs only 5 m below surface and it is possible that the target can be exposed with the use of an excavator. Drill Hole Thor-173 (-900 ) was drilled down-dip of the previously reported drill holes Thor-171 and Thor-172. This drill hole intersected all three of the Great Northern Zones. | |
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