 | | | Published : April 24th, 2012 | Assembles 73 km2 Copper-Gold Project in Finland Linking the Kettukuusikko, Riikonkoski and Naakenava |
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Montoring a Drill at Naakenavaara | Taranis Assembles 73 km2 Copper-Gold Project in Finland Linking the Kettukuusikko, Riikonkoski and Naakenavaara Mineral Deposits
Lakewood, Colorado, April 24, 2012 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to announce that it has filed Mining Claim Applications over an area in Northern Finland that covers a number of copper-gold mineral deposits, mineral occurrences, and areas of "blue-sky" exploration potential within a contiguous area that measures 73 km2. This area has excellent infrastructure for potential mining operations, and occurs in Finland - A country the Fraser Institute has rated the #1 country in the world for exploration and mining. |
Taranis holdings in Northern Finland now encompass an entire copper-gold district referred to as the Kittil� Copper-Gold Belt ("KCGB") with 3 known copper-gold deposits, and a number of mineral occurrences that have geologic similarities. Taranis owns these properties 100%.
KCGB Highlights
|
Project/Deposit |
Size (km2) |
Resource/Highlights |
|
Naakenavaara |
13.8 |
The "flagship" property in the KCGB. Over 77 drill holes completed (30 by Taranis) that demonstrate copper-gold-cobalt-nickel mineralization extending over at least 6 km2, most of which appears to be "bulk-mineable". Taranis is planning a major drilling program on this project in order to build a large NI 43-101 compliant mineral resource. It has also identified a number of other areas within the Naakenavaara property that are indicative of mineralization far outside the explored areas. |
|
Riikonkoski |
8.7 |
Historic Resource (Geological Survey of Finland):
|
Zone |
% Cu |
Tonnes |
|
It�malmi |
0.48 |
9,560,000 |
|
L�ntinen |
0.68 |
2,450,000 |
|
Kangas |
0.45 |
430,000 |
|
Total |
0.52 |
12,440,000 |
Gold: Taranis re-logged and systematically re-assayed over 17 km of drill core for gold, and this added 20% added-value to the existing copper Resource (see Taranis News Release August 5, 2011).
Riikonkoski is open at depth (below 200 m) and this remains the prime area for expansion of this Resource.
|
|
Kettukuusikko |
4.76 |
NI 43-101 Compliant Resource: (90,000 Oz. Au) in the South Zone. Bulk mineable, open pit target.
|
Category |
Inferred |
Indicated |
|
Cut-Off Au (g/t) |
Tonneage |
Au (g/t) |
Tonneage |
Au (g/t) |
|
0.20 (Base Case) |
390,000 |
0.81 |
2,690,000 |
0.81 |
|
0.40 |
320,000 |
0.91 |
2,240,000 |
0.91 |
|
0.80 |
170,000 |
1.22 |
1,050,000 |
1.27 |
|
1.20 |
50,000 |
1.90 |
390,000 |
1.76 |
|
1.60 |
30,000 |
2.35 |
130,000 |
2.63 |
|
2.00 |
30,000 |
2.35 |
80,000 |
3.11 |
A separate area of mineralization occurs about 600 m north of the South Zone Resource and includes a number of high-grade gold intercepts that have not been delineated. Caracle Creek Consulting has recommended a minimum 3,270 m Diamond drilling program in this area to expand on the known high-grade gold mineralization in this area discovered by Taranis in 2007. |
|
Mavrik |
1.94 |
A "greenfield" exploration target that was identified in 2011 after discovering airborne EM conductors that have coincident ground magnetic features. Subsequent geochemical sampling in the area yielded the highest anomalous concentration of copper in the entire KCGB. |
|
N�lk�j�rvi |
2 |
Geological Survey of Finland drilling highlights:
|
Drill Hole |
Intercept |
|
R-392 |
3.59% Cu / 2.70 m |
|
R-389 |
1.21% Cu / 4.00 m |
N�lk�j�rvi has not been analyzed for gold. Indications from a regional compilation of data are that this prospect was drilled in the wrong direction. |
|
Holkkuanvaara |
35.74
|
A prospective area covering airborne EM conductors located along a favourable geological contact that links the Kettukuusikko and Naakenavaara Projects. Ground geophysical surveying and geochemical surveying that indicated the presence of other copper-gold deposits in the area, including Bolder - a copper showing that has never been drilled. |
|
Matara |
5.78 |
A prospective area also covering several EM conductors located along a favourable geological contact linking the Kettukuusikko and Naakenavaara Projects. |
|
Total |
72.7 km2 |
|
John Gardiner, President and CEO of Taranis Resources Inc. states "Taranis continues to evolve in its understanding of the KCGB. When we examined the other copper-gold prospects in the area (Naakenavaara, Kettukuusikko, Riikonkoski, N�lk�j�rvi, etc.) we discovered that they shared many geological similarities. Our exploration now suggests that they all appear to lie on a single major stratigraphic contact extending throughout the 73 km2 area. This contact has undergone two major episodes of folding, and now forms a large "Z-shaped" belt that hosts the mineral deposits. The stratigraphic contact that hosts the mineralization is relatively flat-lying, making many of the exploration targets very close to surface, and this seems to be a very unique aspect of this area. This becomes a very important consideration at Naakenavaara where the laterally extensive, but low-grade nature of the mineralization is amenable to bulk-mining methods".
Winner of the Samsung MP3 Player at the 2012 PDAC
Angela Carter-McAuslan, a geophysics graduate student at Memorial University of Newfoundland, won this year's prize at the PDAC. Angela's work at Memorial involves the development of automated techniques for interpreting and modelling multiple datasets using techniques like joint inversion, neural networks and self-organizing maps. | |
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About Taranis Resources Inc.
Taranis currently has 34,586,655 shares issued and outstanding (40,630,823 shares on a fully-diluted basis).. | |
| Taranis Resources Inc.
John Gardiner (303)-716-5922
George Kent (416)-323-0783 | |
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Taranis Resources Inc. | 14247 West Iliff Avenue | Lakewood | CO | 80228 | 
Data and Statistics for these countries : Finland | All Gold and Silver Prices for these countries : Finland | All
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Taranis Resources Inc.
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DEVELOPMENT STAGE |
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CODE : TRO.V |
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ISIN : CA87609B1076 |
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CUSIP : 87609B 10 7 |
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ProfileMarket
IndicatorsVALUE :
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reportRISK :
Asset profileContact Cpy |
Taranis Res. is a copper exploration company based in United states of america. Taranis Res. develops copper and gold in Finland, and holds various exploration projects in Finland. Its main asset in development is NAAKENVAARA in Finland and its main exploration properties are WSM, RIIKONDOSKI, KETTUKUUSIKKO, NÄLKÄJÄRVI-RIIKONKUMPU and MARSINKUUSIKKO in Finland and THOR in Canada. Taranis Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 9.7 millions as of today (US$ 7.8 millions, € 6.8 millions). Its stock quote reached its highest recent level on January 23, 2004 at CA$ 0.95, and its lowest recent point on July 24, 2015 at CA$ 0.03. Taranis Res. has 55 450 000 shares outstanding. |
| Annual reports of Taranis Resources Inc. |
| Financings of Taranis Resources Inc. |
| Project news of Taranis Resources Inc. |
| 1/27/2014 | Acquires Key Claims at Willa Deposit in Slocan Mining Divisi... |
| 10/28/2013 | (Thor)Five-Year Exploration Permit Approved for Thor |
| 9/19/2013 | (Thor)Assays 21.25 g/t Au over 11.45 meters at Thor's SIF Prospect... |
| 9/5/2013 | (Thor)Completes Mapping and Panel Sampling of SIF Zone and Identif... |
| 12/12/2012 | (Thor)Outlines Two Large Targets in 2012 Exploration Program at Th... |
| 9/11/2012 | Identifies Second High-Grade Gold Occurrence 750 m Southeast... |
| 7/19/2012 | (Thor)Finds New Zones of High-Grade Mineralization at Thor, Britis... |
| 5/10/2012 | Identifies Six Mag-EM Targets Up To 2.5 km from "Bulls-Eye" ... |
| 4/24/2012 | (Kettukuusikko)Assembles 73 km2 Copper-Gold Project in Finland Linking the ... |
| 3/1/2012 | Engages Computational Geoscience Inc. to Undertake Evaluatio... |
| 2/22/2012 | Acquires Mavrik Project between Naakenavaara and Riikonkoski... |
| 11/24/2011 | Identifies Copper-Nickel-Cobalt Target |
| 10/11/2011 | Intersects 88 meters Composite Total of Mineralization, and ... |
| 9/12/2011 | Intersects 133.52 meters Composite Total of Mineralization i... |
| 8/23/2011 | (Kettukuusikko)Completes Detailed Ground Geophysical Survey over Kettukuusi... |
| 8/2/2011 | Completes Summer Drilling Program at Naakenavaara and Contin... |
| 7/18/2011 | (Nälkäjärvi-riikonkumpu)Taranis Explores Nälkäjärvi-Riikonkumpu Block and Locates Nu... |
| 6/2/2011 | (Naakenvaara)Taranis Commences Drilling at Naakenavaara |
| 5/13/2011 | Intersects Widespread Zones of Iron Formation at Marskinkuus... |
| 5/12/2011 | (Naakenvaara)Completes Geophysical Surveys at Naakenavaara, Expands Surve... |
| 4/28/2011 | (Kettukuusikko)Commences Airborne Surveys in Finland, Prepares Riikonkoski ... |
| 3/18/2011 | Commences Drilling at Marskinkuusikko and Provides Update of... |
| 2/14/2011 | Engages Drillcon-Smoy for Drilling at Marskinkuusikko and Na... |
| 8/11/2010 | (Naakenvaara)Updates Exploration Activities |
| 8/9/2010 | (Naakenvaara)Reports on Regional Exploration Around Naakenavaara Cu-Au-Co... |
| 6/18/2010 | (Naakenvaara)Commences Drilling and Files Additional Mining Claim Applica... |
| 6/17/2010 | (Naakenvaara)Intersects 0.43% Nickel, 0.22% Cobalt in New Massive Sulphid... |
| 6/2/2010 | (Kettukuusikko)Intersects 4.20 g/t Au over 3.06 m under the Kettukuusikko S... |
| 4/20/2010 | (Kettukuusikko)Updates Drilling at Naakenavaara and Kettukuusikko Projects,... |
| 3/4/2010 | (Naakenvaara)Engages SMOY Drilling to Undertake Naakenavaara Exploration |
| 11/18/2009 | (Thor)Activities at the Thor Property, Southeast British Columbia |
| 10/5/2009 | (Naakenvaara)s Exploration Activities in Finland |
| 8/26/2009 | (Naakenvaara)Samples 31 meters of 0.31% Copper, and 0.7 meters of 10.8 g/... |
| 8/18/2009 | (Marskinkuusikko)Identifies Gold Target at Marskinkuusikko Project, Finland |
| 7/15/2009 | (Naakenvaara)Identifies Large Copper-Gold Target at Naakenavaara, Finland |
| 5/28/2009 | (Naakenvaara)Commences Ground Geophysical Surveys at Naakenavaara Gold/Co... |
| 2/24/2009 | (Marskinkuusikko)Acquires Two New Gold Projects in Finland |
| 2/11/2009 | (Thor)Drills 3.05 m of 5.70 g/t Au, 190.4 g/t Ag and 9.47% Cu-Pb-Z... |
| 2/9/2009 | (Thor)Drills 10.51 g/t Au Over 1.53 Meters in the Great Northern Z... |
| 1/21/2009 | (Thor)Drills 880 g/t Ag, 3.34 g/t Au, 15.36% combined Cu-Pb-Zn in ... |
| 11/19/2008 | (Kettukuusikko)Gets Approval for Kettukuusikko Mining Claims in Finland and... |
| 11/17/2008 | (Thor)Intersects 10.86 m of 0.05% Cu, 1.57% Pb, 3.48% Zn, 0.57 g/t... |
| 8/18/2008 | (Thor)Adds Third Core Drill to Thor Project, British Columbia |
| 8/8/2008 | (Thor)Intersects 29% Combined Cu-Pb-Zn, 3.51 g/t Au and 697 g/t Ag... |
| 6/20/2008 | (Thor)Starts Drilling at Thor Project |
| 5/9/2008 | (Thor)Increases Land Position at Thor 370% and Selects Atlas Drill... |
| 3/25/2008 | (Thor)Verifies 38.48 grams/tonne Au Over 1.50 m Prospect between B... |
| 3/11/2008 | (Midway East) Updates Nevada Exploration Activities |
| 3/10/2008 | (Thor)Acquires Metallurgical Data on Thor Project |
| 1/25/2008 | (Thor) Intersects 12.07 m of 0.53 g/t Au in Newly Discovered Anker... |
| 1/24/2008 | (Thor)Intersects 4.54% Zn, 2.83% Pb, 0.21% Cu, 1.31 g/t Au and 176... |
| 1/22/2008 | (Thor)Intersects 12.32% Zn, 3.57% Pb, 0.17% Cu, 1.09 g/t Au and 28... |
| 1/9/2008 | (Midway East) Commences Drilling at Midway East Project, Nevada |
| 1/2/2008 | (Thor) Extends Thor Mineralization 590m North of True Fissure Zone... |
| 12/11/2007 | (Thor) Intersects 5.07% Zn, 4.07% Pb, 0.26% Cu, 1.59 g/t Au and 29... |
| 11/27/2007 | (Thor) Channel Sampling Returns 3.75 m of 7.80% Zn, 7.86% Pb, 0.22... |
| 11/5/2007 | Resources Taranis Intersects 3.29 g/t Au, 305.8 g/t Ag, 0.03... |
| 10/30/2007 | (Thor)Surface Grab Sampling at Thor Returns 2,281.24 g/t Ag, 10.79... |
| 10/25/2007 | Intersects 11.17% Zn & 1.26 g/t Au Over 3.57 m in True Fiss... |
 |
| Corporate news of Taranis Resources Inc. |
| 9/24/2015 | Taranis Initiates Environmental Baseline Monitoring Program ... |
| 10/22/2014 | Taranis Acquires Riikonkoski Copper-Gold Deposit in Finland ... |
| 10/20/2014 | Taranis Samples 30.59 g/t Au over 17.55 m at SIF in Panel Sa... |
| 10/20/2014 | Taranis Resources Inc. Completes Delineation Drilling, Sampl... |
| 2/27/2014 | Board Announces Proposed Change to Share Capital Structure |
| 1/13/2014 | (Thor)Engages ALS Metallurgy for Thor Project, SE British Columbia |
| 12/11/2013 | (Thor)Announces Private Placement and Outlines 5 Phases to Permitt... |
| 11/22/2013 | (Thor)Identifies Two Geochemical Targets Outside of Existing Depos... |
| 10/22/2013 | announces Closing of $500,000 Private Placement |
| 9/23/2013 | announces results of Annual General and Special Meeting of S... |
| 9/18/2013 | Receives Final Approval for Naakenavaara 5-14 Mining Claims ... |
| 8/3/2013 | (Thor)Files NI 43-101 Resource Estimate for Thor |
| 7/17/2013 | (Thor)Completes Geochemical Soil and Environmental Baseline Sampli... |
| 6/20/2013 | (Thor)Completes Initial NI 43-101 Resource Estimate at Thor |
| 4/30/2013 | (Thor)Outlines Advancement at Thor and Provides Update on NI 43-10... |
| 2/4/2013 | Completes Hearings on Naakenavaara 5-14 Exploration Claims |
| 10/30/2012 | (Thor)Engages Roscoe Postle Associates Inc. to Undertake NI 43-101... |
| 10/11/2012 | (Thor)Finds Another New Zone at Thor Assaying up to 6.6 g/t Au, 2.... |
| 9/18/2012 | Identifies Widespread Gold and Silver Mineralization in the ... |
| 8/31/2012 | (Thor)Identifies High-Grade SIF Occurrence Assaying up to 90.1 g/t... |
| 5/24/2012 | (Kettukuusikko)Outlines Five Exploration Targets at Kettukuusikko Gold Prop... |
| 5/4/2012 | to be featured on CEO Clips on The Documentary Channel |
| 2/27/2012 | Visit Taranis at the P.D.A.C March 4th - March 7th in Toront... |
| 2/23/2012 | Acquires N=E4lk=E4j=E4rvi Copper Prospect in Finland |
| 2/22/2012 | Announces Closing of Private Placement |
| 1/17/2012 | Visit Taranis at the Cordilleran Roundup January 25-26th in ... |
| 10/12/2011 | (Kettukuusikko)Outlines 90,000 Ounces of Gold at Kettukuusikko - Targets Ne... |
| 8/5/2011 | Documents Gold Content Associated with Wide Copper Intercept... |
| 5/18/2011 | (Kettukuusikko)Identifies Large EM Target Under High-Grade Gold Zone at Ket... |
| 2/24/2011 | (Kettukuusikko)to Undertake Resource Estimate at the Kettukuusikko Gold Pro... |
| 2/22/2011 | to Undertake Airborne Geophysical Survey at Naakenavaara, Fi... |
| 3/2/2010 | Acquires WSM Gold Property in Nevada |
| 2/3/2010 | Plans Further Work on Three Areas in Nevada Identified From ... |
| 1/12/2010 | Visit Taranis at the Cordilleran Roundup January 20-21st in ... |
| 12/31/2009 | Completes Gravity Surveys on Six Target Areas in Nevada |
| 11/30/2009 | Commences DiRT Exploration in Nevada |
| 11/12/2009 | Acquires 3 Gold Projects South Of Kimberley and Completes Ge... |
| 1/23/2009 | Visit Taranis at the Cordilleran Roundup January 28-29th in ... |
| 1/8/2009 | Drills 1,008 g/t Ag, 1.22 g/t Au, 0.34% Cu, 8.67% Pb and 10.... |
| 12/19/2008 | Exposes 100 m of South end of Great Northern Zone, and Repor... |
| 12/11/2008 | Cuts 4.33 m of 2.01 g/t Au, 667.35 g/t Ag, 0.19% Cu, 6.37% P... |
| 4/4/2007 | Identifies New Copper-Gold Zone in Kettukuusikko Center Zone... |
| 3/14/2007 | Selects Quantec to Undertake Deep Penetration E.M. Surveys a... |
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