Taranis Resources Inc.

Published : December 19th, 2008

Exposes 100 m of South end of Great Northern Zone, and Reports Channel Sample Results Up to 5.24 g/t

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Keywords :   Canada | Diamond | Gold | Silver |
Tuffaceous Sediments - Thor ProjectTaranis Exposes 100 m of South end of Great Northern Zone, and Reports Channel Sample Results Up to 5.24 g/t Au and 1,067 g/t Ag at Thor Project, British Columbia.
 
Lakewood, Colorado, December 19, 2008 - - Taranis Resources Inc. ("Taranis") [TSX.V: TRO]  continues to received analytical results from its 2008 summer exploration program. The following results are related to a channel sampling program that exposed less than 20% of the south end of the Great Northern Zone ("GNZ") at surface (99 m of a total of 600 m). The GNZ is one of four zones that were explored in the summer of 2008.

General

 

A systematic trenching program at the south end of the GNZ has exposed continuous high-grade silver and gold mineralization in outcrop within the Combined Metals Unit ("CMU"). The CMU was not able to be followed to the north to connect up with the Great Northern Workings owing to thick colluvium (in excess of 3 m). It appears to thin to the south of Section 499 m South.

 

Great Northern Zone - Surface Trenching

 

Prior indications of a gold-rich zone were known from the "Switchback Zone" (See News Release dated March 25, 2008) where a Columbia Metals channel sample assayed 34.48 g/t Au and 508.89 g/t Ag over 1.50 m, from an unknown exact location Prospecting along a drill road led to the discovery of boulders of massive sulphide in the summer of 2008, and a backhoe was used to excavate shallow colluvium uncovering the target for a strike length of 99 meters. A total of 30 channel samples were completed using a Diamond saw, and the trench was photographed and mapped.

 

The intercepts below are tabulated from north to south over the trench length, and the Section Number can be used to correlate the surface samples with drill holes reported in previous News Releases.

 

Section

Number

Channel

From (m)

To (m)

Thickness True, (m)

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

405 m South

T-24

0.00

1.62

1.62

0.67

293

0.46

10.10

2.39

408 m South

T-23

0.94

1.86

0.92

1.10

556

0.41

13.73

5.03

410 m South

T-22

0.00

1.77

1.77

0.50

229

0.36

3.67

3.22

414 m South

T-21

0.55

1.71

1.16

0.08

36

0.04

3.23

0.19

418 m South

T-20

0.46

1.31

0.85

2.06

581

0.20

23.61

2.48

421 m South

T-19

0.00

2.07

2.07

0.33

818

0.20

23.90

0.90

From 421 m South to 443 m South, drill road obscures trench

443 m South

T-18

0.61

1.49

0.88

0.97

44

0.01

0.29

0.09

445 m South

T-17

1.22

1.83

0.61

2.12

47

0.01

0.27

0.16

448 m South

T-16

0.61

1.13

0.52

0.71

33

0.00

1.13

0.08

450 m South

T-15

0.34

0.76

0.42

2.00

39

0.01

0.53

0.05

453 m South

T-14

1.04

1.52

0.48

0.52

6

0.01

0.08

0.15

456 m South

T-13

1.10

2.07

0.97

0.88

655

0.10

8.67

0.15

458 m South

T-12

No Significant Values, zone faulted out under trench floor

460 m South

T-11

0.43

1.37

0.94

2.42

321

0.05

7.26

2.06

463 m South

T-10

0.70

1.30

0.6

1.21

434

0.04

14.16

0.02

465 m South

T-9

No Significant Values, zone under the trench floor

468 m South

T-8

No Significant Values, zone under the trench floor

470 m South

T-7

0.00

0.34

0.34

0.11

149

0.10

1.06

0.13

472 m South

T-6

1.34

1.52

0.18

3.36

1,067

0.37

12.52

1.37

474 m South

T-5

0.64

0.82

0.18

0.73

444

0.05

7.13

0.52

475 m South

T-4

0.91

1.68

0.77

1.80

395

0.10

10.00

0.20

478 m South

T-3

0.00

1.34

1.34

2.11

314

0.11

7.95

0.33

479 m South

T-2

0.61

1.55

0.94

5.24

109

0.04

0.54

0.25

480 m South

T-1

0.61

1.77

1.16

2.53

497

0.04

14.94

0.13

From 480 m South to 493 m South, drill road obscures trench

493 m South

T-30

0.37

1.01

0.64

0.20

240

0.07

1.13

0.27

496 m South

T-29

0.79

1.19

0.4

1.04

99

0.05

0.06

7.94

498 m South

T-28

0.52

0.94

0.42

0.66

73

0.01

1.96

1.03

499 m South

T-27

0.76

1.28

0.52

0.45

34

0.02

0.09

0.07

502 m South

T-26

0.00

0.88

0.88

0.20

4

0.00

0.02

0.03

504 m South

T-25

0.67

1.49

0.82

0.48

6

0.00

0.01

0.02

 

 Quality Control and Analytical Procedures
 
Analytical work for the Thor project was completed by Acme Analytical Laboratories Limited ("Acme") of Vancouver, Canada that is accredited to BS EN ISO 9001:2000. In addition to the numerous internal quality control checks undertaken within Acme, Taranis also submits a series of external standard samples to ensure accurate analytical reporting, and also uses external laboratories (ALS Chemex) to verify the integrity of sample results. Channel Samples are collected normal to the strike and dip of the Zone using a gas-powered Diamond saw.  Exploration activities on the Thor property were overseen by John Gardiner (P. Geol.) and Jim Helgeson (P. Geo.), both Qualified Persons under the meaning of Canadian National Instrument 43-101..

About Taranis Resources Inc.

 

Taranis currently has 18,207,875 shares issued and outstanding (21,839,216 shares on a fully-diluted basis).

Taranis Resources Inc.
John Gardiner (303)-716-5922
George Kent (416)-323-0783
 
.
Taranis Resources Inc. | 14247 West Iliff Avenue | Lakewood | CO | 80228
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Taranis Resources Inc.

DEVELOPMENT STAGE
CODE : TRO.V
ISIN : CA87609B1076
CUSIP : 87609B 10 7
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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$ 10.5 millions as of today (US$ 8.4 millions, € 7.4 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.

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