Taranis Resources Inc.

Published : October 20th, 2014

Taranis Resources Inc. Completes Delineation Drilling, Sampling, and Gravity Testing of Gold-Rich Portion of Thor Deposit (pdf format)

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Keywords :   Diamond | Gold | K Street | Recovery |

Taranis Resources Inc. Completes Delineation Drilling, Sampling, and Gravity Testing of Gold-Rich Portion of Thor Deposit (pdf format)

Microsoft Word - tro_October_15_2014nrv3.doc

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

14247 West Iliff Avenue

Lakewood, Colorado

80228-5421 www.taranisresources.com

Taranis Resources Inc. Completes Delineation Drilling, Sampling, and Gravity Testing of Gold-Rich Portion of Thor Deposit

Lakewood, Colorado, October 15th, 2014 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to provide a summary of exploration activities completed on the Thor deposit located near the town of Trout Lake, British Columbia. Metal Mining Consultants, Inc. ("MMCI") of Highlands Ranch, Colorado has been engaged to oversee the Independent NI 43-101 verification of the gold zones at Thor, as well as the surface stockpiles. MMCI conducted a site visit in August of 2014.

Gold Exploration - Exploration included 29 shallow Diamond drill holes, trenching, surface stockpile sampling and geological mapping aimed at expanding the known NI 43-101 Resource. Drilling was focused on two high-grade gold areas known as the SIF and SIF-Carbon zones believed to form part of a much larger gold deposit that is peripheral to the existing Roscoe Postle Associates ("RPA") NI 43-101 Resource released in June of 2013. The current NI 43-101

Resource at Thor is 640,000 tonnes Indicated at 0.88 g/t Au, 187 g/t Ag, 0.14% Cu, 2.51 % Pb and 3.51% Zn plus 424,000 tonnes at 0.98 g/t Au, 176 g/t Ag, 0.14 % Cu, 2.26% Pb and 3.20% Zn.
Taranis completed the 2014 exploration work at Thor with the successful gravity processing of two metallurgical samples from the SIF and SIF Carbon zones. Gold at SIF shows gravity recoveries of at least 75% with both coarse and fine native gold reporting to the shaker table concentrate. Gold recovery at SIF Carbon is dependant on gravity separation of pyrite, and investigations are ongoing as to the gold grade recovered in the pyrite concentrate.
Both SIF and SIF Carbon are prospective bulk sampling targets, and are geologically related to the much larger, unexplored (200 by 150 m) Scab Zone that occurs in the center of the Thor deposit.

Stockpile Sampling - Numerous sources of high-grade material have been stockpiled at surface at Thor since the early 1900's, and include the Broadview, Great Northern and True Fissure stockpiles. In 2013, RPA completed an internal review of the stockpiles, including cash flow analyses of their extraction and processing. At the time, the stockpiles were not sampled subject to rigorous NI 43-101 standards and the results cannot be publicly disclosed. In the summer of

2014, Taranis systematically surveyed the stockpiles to assess the volume and trenched them to NI 43-101 standards. In contrast to the gold-bearing SIF and SIF Carbon Zones, these dumps will require flotation processing and show excellent recoveries as outlined in the 2013 ALS metallurgical study.

Overview - John Gardiner, President and CEO of Taranis states "Results from both the gold exploration and stockpile sampling will be made available as the analytical results are received, evaluated, and subjected to strict quality control measures. We are very excited about the possibility of bulk sampling the SIF and SIF Carbon Zones in 2015, and Taranis has sourced a

2
gravity plant that is capable of processing a 10,000 tonne bulk sample from these two high-grade gold portions of the Thor deposit. There is excellent potential to create immediate cash-flow from the processing of these high-grade gold zones, and also help fund the development of a much larger mine at Thor without subjecting the company to share dilution. The funds from this smaller mining operation would then be used for the acquisition of resources necessary to enable commercial mining of the much larger sulphide deposit. Successful permitting of this operation requires an in-depth knowledge of the geology, Resource and environmental characteristics of the gold-rich deposit and this was fulfilled in the 2014 exploration program. Taranis is looking at a number of options for the processing of the material on-site, but all would utilize the excellent road infrastructure and pre-existing mill site, and could also make use of underground tailing disposal options that already exist on the property."

Qualified Person(s) - Exploration activities at Thor were overseen by John Gardiner (P. Geol.) and James Helgeson (P. Geo.), each of whom is a Qualified Person under the meaning of Canadian National Instrument 43-101.

About Taranis Resources Inc.

Taranis currently has 43,474,989 shares issued and outstanding (55,379,989 shares on a fully- diluted basis).
TARANIS RESOURCES INC. Per: John J. Gardiner (P. Geol.),
President and CEO

For further information contact:

John Gardiner
14247 West Iliff Avenue Lakewood, Colorado Phone: (303) 716-5922
Cell: (720) 209-3049 [email protected]
George Kent
Suite 1406, 130 Carlton Street
Toronto, Ontario
Phone: (416) 323-0783
Cell: (416) 697-0783 [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.

Read the rest of the article at www.noodls.com

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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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...
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TSX-V (TRO.V)Other OTC (TNREF)
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