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Taranis Resources Inc.
Summary
| Project: | Thor | |
|---|---|---|
| Deposit: | Thor | |
| Location: | Canada | |
| Commodities: | Silver-Gold-Lead-Zinc-Copper | |
| Date: | 8/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-8-2018: Taranis Resources Inc. announces an Exploration/Drilling Update report for its Thor deposit at the Thor project. Drilling results incl. 2.38m @ 149.1g/t Ag, 0.24g/t Au, 0.08% Cu, 2.32% Pb, 3.40% Zn from 15.94m. Estes Park, Colorado, August 20, | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Gardiner (Internal) | |
| ABSTRACT: | Estes Park, Colorado, August 20, 2018 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO] updates activity related to its 100%-owned Thor project. 2018 exploration activity is continuing and includes drilling aimed at Resource expansion, permitting, and engineering studies related to a 10 tonne per hour Gekko plant, and detailed geophysical surveying. In addition to this, Taranis is continuing metallurgical studies of the 2017 gold plant; Kingston Process Metallurgy Inc. is currently roasting the concentrates for final gold smelting. Exploration Drilling at the South End of the Thor Deposit Taranis has completed eleven core holes at the south end of the Thor deposit, and continues to move the drill south towards the Broadview Mine area. Results are available for the initial three holes. The objective of the 2018 drilling program is to connect the existing NI 43-101 Resource to the relatively unexplored Broadview Mine area. All mineralization encountered to date has been within 80m of surface. Initial drill holes were able to confirm the presence of two parallel dipping zones to the east. The Upper Zone appears to be a very high-grade horizon that contains chalcopyrite and tetrahedrite, commonly known as massive sulphide. It also contains a large amount of siderite that is intergrown with quartz. The Lower Zone lies 60 m below the Upper Zone and is more characteristic of a large quartz vein with massive and disseminated pyrite. This lower zone was only recently discovered and exposed in trenching (see Taranis News Release (November 28, 2017). The 2018 drilling program seeks to develop the understanding of these zones and their relationship to the overall Resource. | |
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