Taranis Resources Inc.

Published : July 15th, 2009

Identifies Large Copper-Gold Target at Naakenavaara, Finland

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Finland | Gold | Swamp |
 
Magnetometer - VLF SurveyTaranis Identifies Large Copper-Gold Target at Naakenavaara, Finland



Lakewood, Colorado, July 15, 2009 -
Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to announce that it has completed 34.8 km of line cutting, surveying, and ground geophysical surveys (magnetics and electromagnetics) at its 100% owned Naakenavaara copper gold project located in Lapland, Finland.
The geophysical survey has been highly successful in identifying a large, oblate "bull's-eye" magnetic feature that is approximately 1.5 km in diameter east-west and 0.5 km in diameter north-south that is related to a large ultramafic intrusive body (sill?) that intrudes pyrite-bearing phyllites. Immediately east of the Naakenavaara Property is the Siitonen placer gold operation that may be related to the large feature outlined at Naakenavaara. Images of the magnetic feature can be found on the Taranis website at www.taranisresources.com
 
Taranis has also re-logged a number of old drill holes that are available from the Geological Survey of Finland, and these included drill hole R617 which intersected 31.0 m of 0.32% Cu at a depth of 75 m downhole (dip -45.0 degrees) and drill hole R604 that intersected 10.0 m of 1.42 g/t Au at a depth of 164 m downhole (dip -45.4 degrees).
 
As a result of this re-logging, some interesting conclusions can be drawn about the occurrence of Cu and Au at Naakenvaara. The first is that disseminated Cu zones (chalcopyrite stringers) occur at the base of the ultramafic units, in the transition zone between ultramafic rocks and the underlying phyllitic sedimentary rocks. A gold-rich zone located tens of meters below the base of the ultramafic intrusive body was intersected in drill hole R604, but none of the other holes appear to have been drilled deep enough to intersect. Secondly, there is evidence that the Cu grade increases moving progressively eastward towards a small creek that cuts the project roughly in half. There has been no drilling completed on the east side of the creek, and Taranis has identified a number of coincident magnetic/electromagnetic anomalies in this area under a swamp that appear to be related to massive or semi-massive sulphide mineralization.
 
Taranis has re-sampled several of the old drill holes to verify the Cu and Au content and has submitted the samples to ALS Chemex Labs, and these will be reported when available. Taranis has also analyzed the drill core for Pt and Pd, which frequently accompany ultramafic assemblages in Finland and was not reported in any of the previous drilling.
 
John Gardiner, President and CEO of Taranis states "the north edge of this magnetic feature has been subjected to minimal exploration efforts which included some trenching and Diamond drilling, and there appears to have been no drilling conducted on the south side of the magnetic feature. We are confident that Cu/Au mineralization found at Naakenavaara extends well beyond the known areas, and our geophysical surveys have been very successful at demonstrating this. The shallow nature of the overburden found at Naakenavaara makes this property an ideal candidate for cost effective trenching, but will also require drilling to test some of the geophysical anomalies found on the east half of the property".

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 : Finland | All
Gold and Silver Prices for these countries : Finland | All

Taranis Resources Inc.

DEVELOPMENT STAGE
CODE : TRO.V
ISIN : CA87609B1076
CUSIP : 87609B 10 7
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact 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$ 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Taranis Resources Inc.
2007 Annual report
Financings of Taranis Resources Inc.
6/27/2016engages FronTier Merchant Capital Group for Investor Relatio...
1/13/2012Announces Financing and Launches New Website
4/16/2010Closing of Private Placement
9/8/2009Announces Private Placement
2/4/2009Announces Private Placement
5/8/2008announces Closing of a Flow-Through Private Placement with t...
4/25/2008Announces Flow-Through Private Placement with the MineralFie...
4/7/2008Engages Kingsdale Capital to Raise $2,000,000 By Way of Priv...
Project news of Taranis Resources Inc.
1/27/2014Acquires 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...
9/11/2012Identifies Second High-Grade Gold Occurrence 750 m Southeast...
7/19/2012(Thor)Finds New Zones of High-Grade Mineralization at Thor, Britis...
5/10/2012Identifies 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 ...
3/1/2012Engages Computational Geoscience Inc. to Undertake Evaluatio...
2/22/2012Acquires Mavrik Project between Naakenavaara and Riikonkoski...
11/24/2011Identifies Copper-Nickel-Cobalt Target
10/11/2011Intersects 88 meters Composite Total of Mineralization, and ...
9/12/2011Intersects 133.52 meters Composite Total of Mineralization i...
8/23/2011(Kettukuusikko)Completes Detailed Ground Geophysical Survey over Kettukuusi...
8/2/2011Completes 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
5/13/2011Intersects 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 ...
3/18/2011Commences Drilling at Marskinkuusikko and Provides Update of...
2/14/2011Engages 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...
11/5/2007Resources 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.
9/24/2015Taranis Initiates Environmental Baseline Monitoring Program ...
10/22/2014Taranis Acquires Riikonkoski Copper-Gold Deposit in Finland ...
10/20/2014Taranis Samples 30.59 g/t Au over 17.55 m at SIF in Panel Sa...
10/20/2014Taranis Resources Inc. Completes Delineation Drilling, Sampl...
2/27/2014Board 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...
10/22/2013announces Closing of $500,000 Private Placement
9/23/2013announces results of Annual General and Special Meeting of S...
9/18/2013Receives 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...
2/4/2013Completes 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....
9/18/2012Identifies 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...
5/4/2012to be featured on CEO Clips on The Documentary Channel
2/27/2012Visit Taranis at the P.D.A.C March 4th - March 7th in Toront...
2/23/2012Acquires N=E4lk=E4j=E4rvi Copper Prospect in Finland
2/22/2012Announces Closing of Private Placement
1/17/2012Visit Taranis at the Cordilleran Roundup January 25-26th in ...
10/12/2011(Kettukuusikko)Outlines 90,000 Ounces of Gold at Kettukuusikko - Targets Ne...
8/5/2011Documents 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...
2/22/2011to Undertake Airborne Geophysical Survey at Naakenavaara, Fi...
3/2/2010Acquires WSM Gold Property in Nevada
2/3/2010Plans Further Work on Three Areas in Nevada Identified From ...
1/12/2010Visit Taranis at the Cordilleran Roundup January 20-21st in ...
12/31/2009Completes Gravity Surveys on Six Target Areas in Nevada
11/30/2009Commences DiRT Exploration in Nevada
11/12/2009Acquires 3 Gold Projects South Of Kimberley and Completes Ge...
1/23/2009Visit Taranis at the Cordilleran Roundup January 28-29th in ...
1/8/2009Drills 1,008 g/t Ag, 1.22 g/t Au, 0.34% Cu, 8.67% Pb and 10....
12/19/2008Exposes 100 m of South end of Great Northern Zone, and Repor...
12/11/2008Cuts 4.33 m of 2.01 g/t Au, 667.35 g/t Ag, 0.19% Cu, 6.37% P...
4/4/2007Identifies New Copper-Gold Zone in Kettukuusikko Center Zone...
3/14/2007Selects Quantec to Undertake Deep Penetration E.M. Surveys a...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (TRO.V)Other OTC (TNREF)
0.190-2.56%0.140-6.67%
TSX-V
CA$ 0.190
12/01 15:00 -0.010
-2.56%
Prev close Open
0.195 0.195
Low High
0.190 0.195
Year l/h YTD var.
0.080 -  0.240 65.22%
52 week l/h 52 week var.
0.080 -  0.240 137.50%
Volume 1 month var.
32,500 18.75%
24hGold TrendPower© : -5
Produces
Develops Copper - Gold
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/3/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022137.50%0.240.08
2021-40.74%0.140.08
202092.86%0.160.04
20190.00%0.110.05
2018-33.33%0.120.06
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.25-1.23%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 5.37-6.93%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.74-6.92%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.08-11.11%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.01-1.95%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.43-1.40%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.18+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.31+3.33%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.38-4.80%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 66.55-2.79%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+3.45%Trend Power :