Taranis Resources Inc.

Published : August 18th, 2009

Identifies Gold Target at Marskinkuusikko Project, Finland

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Keywords :   Canada | Finland | Gold | Gold Mine | Iron | Swamp |
 
Takakkaw Falls, B.C.Taranis Identifies Gold Target at Marskinkuusikko Project, Finland
 
Lakewood, Colorado, August 18, 2009 -
Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to announce that it has completed 14.7 km of line cutting, surveying, and ground geophysical surveys (magnetics and electromagnetics) at its 100% owned Marskinkuusikko gold project located in Lapland, Finland. The Marskinkuusikko Property occurs 6..9 km southwest of the Kittil� Gold Mine, and despite having excellent infrastructure in the area is very difficult to access. Apart from an aeromagnetic survey completed in the area by the Geological Survey of Finland, there has been no exploration completed on the property and the entire property is covered by swamp and a thin layer of glacial material.
The exploration work was focused on a feature identified from aeromagnetic geophysical maps of the area and occurs on the 'nose' and west limb of a regional-scale "U"-shaped fold structure. The Kittil� Gold Mine occurs on the east limb of the structure and the Marskinkuusikko Project occurs on the west side of the same structure along the same interpreted stratigraphic horizon. Regional exploration suggests that the "U"-shaped feature is a large-scale fold of an iron-rich mafic volcanic sequence seen immediately west of the Kittil� Mine. Geophysical images of the target can be found on the Taranis website at www.taranisresources.com
 
The target now refined at Marskinkuusikko is the contact between iron-rich mafic volcanic rocks and graphitic sedimentary rocks similar to what is seen in the Timmins/Matheson area of Canada. The ground geophysical surveys were able to identify this contact extending northwest throughout the property for a strike length of 2.8 km and has also identified several coincident magnetic/electro magnetic targets potentially related to sulphide mineralization. Numerous gossanous quartz breccia boulders were found in the glacial till that suggests this contact is highly altered and prospective to gold mineralization.
 
John Gardiner, President and CEO of Taranis states "At the Kittil� Gold Mine, Agnico Eagle is mining a large gold deposit along a structural corridor aligned to the northeast. At Marskinkuusikko, we have identified a similar target aligned to the northwest along the same stratigraphic horizon that is parallel to the northwest-trending Sirkka Shear Zone which hosts the majority of gold deposits in this area including Taranis' Kettukuusikko Gold Deposit."

About Taranis Resources Inc. 

 

Taranis currently has 18,707,875 shares issued and outstanding (22,839,215 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 | Finland | All
Gold and Silver Prices for these countries : Canada | Finland | 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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