Taranis Resources Inc.

Published : October 30th, 2007

Surface Grab Sampling at Thor Returns 2,281.24 g/t Ag, 10.79 g/t Gold

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Keywords :   Canada | Diamond | Finland | Gold | Silver | Water |
Taranis Resources Surface Grab Sampling at Thor Returns 2,281.24 g/t Silver, 10.79 g/t Gold
 
 

Lakewood, Colorado, Oct 29, 2007 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] reports further to its News Release dated 10/24/2007, that it has completed a total of 60 Diamond drill holes (5,378 m) on the Thor Property B.C. in a number of different areas. Drilling has been completed within the True Fissure Zone ("TFZ"), and along extensions of the zone both to the north (Section 330m North) and to the south (Section 330m South) as shown on the accompanying map. Massive sulphide ("MS") and/or quartz-sulphide ("QS") mineralization occurs within the Combined Metals Unit ("CMU"), a laterally extensive horizon enriched in precious and base metals. The property was also gridded and surveyed by electromagnetic and magnetic methods in 2007.

 

Taranis owns a 100% (no encumbrances) interest in the Thor Property which was acquired in 2006 after due-diligence that demonstrated significant precious and base-metal mineralization over a strike length of 1.4 km (News Release dated 11/16/2006). The following tables summarize surface grab sampling (north to south) from a number of zones that were not drilled this summer owing to difficult access and a short season.

St. Elmo Mine (Section 350m North)

 

Precious and base metal values are hosted within both massive and in quartz sulphide breccia of the CMU.

 

 

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

Rock Type

 

2.334

2,212.41

1.12

13.56

35.27

MS

 

2.695

1,749.96

0.50

1.80

2.07

QS

 

1.456

1,865.75

1.17

11.20

32.47

MS

 

1.576

1,894.08

1.19

11.56

23.49

MS

 

4.876

2,281.24

1.12

15.33

12.81

MS

 

2.246

492.2

0.03

2.01

0.24

QS

Min

1.456

492.20

0.03

1.80

0.24

 

Max

4.876

2,281.24

1.19

15.33

35.27

 

Average

2.531

1,749.27

0.86

9.25

17.73

 

 

Water-Box Zone (Section 350m North)

 

A newly discovered zone located on a hillside was found between the St. Elmo and Blue Bell Mines. Mineralization occurs within the CMU in both massive sulphide and quartz-sulphide breccia.

 

 

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

Rock Type

 

2.924

773.56

0.24

16.33

2.79

MS

 

3.08

267.85

0.07

0.99

0.12

QS

 

2.239

913.67

0.96

2.10

11.19

QS

 

10.786

378.65

0.03

15.23

5.71

QS

 

3.958

342.29

0.06

9.95

2.09

MS

Min

2.239

267.85

0.03

0.99

0.12

 

Max

10.786

913.67

0.96

16.33

11.19

 

Average

4.597

535.20

0.27

8.92

4.38

 

 

Back-Breaker (Section 180m North)

 

The Back-Breaker Zone lies between the north end of the TFZ and the Galena Pocket Zone. It is part of the CMU, with both massive sulphide and quartz-sulphide breccia zones identified.

 

 

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

Rock Type

 

0.218

230.02

0.04

2.58

0.26

QS

 

0.246

15.07

0.11

0.27

10.51

QS

 

0.767

348.28

0.29

14.04

17.49

MS

Min

0.218

15.07

0.04

0.27

0.26

 

Max

0.767

348.28

0.29

14.04

17.49

 

Average

0.410

197.79

0.14

5.63

9.42

 

 

Galena Pocket Zone (Section 140m North)

 

This area discovered in 2007 exposes the CMU. The first sample is quartz-sulphide breccia and the 2nd and 3rd are massive sulphides.  Sampling demonstrates that quartz-sulphide breccia is enriched in Au, while the massive sulphide is enriched in Au, Ag, Cu, Pb and Zn.

 

 

 

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

Rock Type

 

4.365

22.12

0.02

0.09

0.01

QS

 

2.537

348.97

0.11

12.42

19.25

MS

 

3.684

175.32

0.22

10.64

5.49

MS

Min

2.537

22.12

0.02

0.09

0.01

 

Max

4.365

348.97

0.22

12.42

19.25

 

Average

3.529

182.14

0.12

7.72

8.25

 

 

 

Ridgeline Zone (Section 150m South)

 

The Ridgeline Zone occurs between the TFZ and the Great Northern Zone, and is poorly exposed. The area is highly graphitic, and hosts numerous quartz-rich pods enriched in silver. Its relationship to the CMU is as yet unknown.

 

 

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

Rock Type

 

0.201

54.7

0.02

0.56

0.07

QS

 

0.023

5.7

0.00

0.08

0.03

QS

 

0.012

2.99

0.00

0.02

0.02

QS

 

0.112

33.1

0.01

0.35

0.02

QS

 

0.113

3.81

0.00

0.03

0.01

QS

 

0.007

1.89

0.00

0.01

0.02

QS

 

0.051

3.29

0.00

0.01

0.01

QS

 

0.238

13.68

0.01

0.22

0.02

QS

 

0.609

131.17

0.05

0.71

0.11

QS

 

0.123

435.47

0.01

11.01

0.03

QS

Min

0.007

1.89

0.00

0.01

0.01

 

Max

0.609

435.47

0.05

11.01

0.11

 

Average

0.149

68.58

0.01

1.30

0.03

 

 

Analytical work was completed by the AccurAssay Laboratories in Thunder Bay, Ontario that is accredited to Standards Council of Canada, Scope of Accreditation 434 (Conforms with requirements of CAN−P−4D (ISO/IEC 17025), and CAN−P−1579).  The certification also complies with the Standards Council of Canada (CAN-P-1579).  Grab sampling is conducted by collecting representative samples at surface, and hand specimen descriptions are then completed for each of the samples accurately documenting the mineralogy and other characteristics of the samples. A hand-held GPS is used to locate the samples in the field. Exploration activities on the Thor Property were overseen by John Gardiner (P. Geol.) and Jim Helgeson (P. Geo.), are both Qualified Persons under the meaning of Canadian National Instrument 43-101.

About Taranis Resources Inc.

 

Taranis is a precious metal resource company that owns 100% interests in three regions: 1) Three properties in Nevada, including Midway East, Tybo West and Pioche. 2) The advanced-stage Kettukuusikko property located in Lapland, Finland, that was explored and explored and drilled in 2007 by Taranis and Royal Gold, Inc. of Denver and 3) The Thor property located in British Columbia.  Taranis currently has 14,847,008 shares issued and outstanding (17,256,626 shares on a fully-diluted basis).

 
Taranis Resources Inc.
John Gardiner (303)-716-5922
George Kent (416)-323-0783
This email was sent to .com, by johnjgardiner@earthlink.net
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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.

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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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Annual reports of Taranis Resources Inc.
2007 Annual report
Financings of Taranis Resources Inc.
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2/4/2009Announces Private Placement
5/8/2008announces Closing of a Flow-Through Private Placement with t...
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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
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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...
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3/14/2007Selects Quantec to Undertake Deep Penetration E.M. Surveys a...
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