Taranis Resources Inc.

Published : October 20th, 2014

Taranis Samples 30.59 g/t Au over 17.55 m at SIF in Panel Sampling at Thor Deposit (pdf format)

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Keywords :   Canada | Gold | K Street | Lead | Silver | Zinc |

Taranis Samples 30.59 g/t Au over 17.55 m at SIF in Panel Sampling at Thor Deposit (pdf format)

Microsoft Word - tro_October_20_2014nrV2.doc

FOR IMMEDIATE RELEASE

Taranis Resources Inc.

14247 West Iliff Avenue

Lakewood, Colorado

80228-5421 www.taranisresources.com

Taranis Samples 30.59 g/t Au over 17.55 m at SIF in Panel

Sampling at Thor Deposit

Lakewood, Colorado, October 20th, 2014 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to announce results from ongoing exploration at its 100%-owned Thor Silver-gold- lead-zinc deposit located 8 km north of Trout Lake, British Columbia.

SIF Zone - Taranis previously outlined high-grade quartz-gold occurrences in the SIF Zone (See Taranis News Release dated September 19, 2013), and recent excavation of the outcrop has extended the gold-bearing zone to the northwest, west and south. A total of 15 lines have been sampled perpendicular to the strike of the anticline feature and are spaced 2.0 meters apart, and have now demonstrated continuous gold mineralization over a strike length of 30 m.

The following table shows the panel sample results for the SIF zone and are arranged in order from south to north:

Line Gold ‐ Grade (g/t)

Width

(Meters)

19

0.91

4.00

20

3.76

5.30

1

9.92

6.00

2

10.70

9.00

3

25.41

10.50

4

13.66

12.00

5

35.64

13.50

6

30.59

17.55

7

6.81

12.00

8

10.95

11.65

9

11.72

10.90

10

15.39

11.20

11

23.45

9.60

12

20.57

4.00

13

3.69

2.70

Simple Average grade (g/tonne)

14.88

A total of fourteen EW-core holes have been drilled into the SIF Zone, and all of the holes have intersected quartz veining, Results of these drill holes will be made available in the near future. Taranis has also completed transit level, differential surveying and specific gravity measurements that will enable the SIF Zone to be categorized as a NI 43-101 compliant resource.
2

Quality Control and Analytical Procedures

Samples were analyzed by Acme Labs in Vancouver, Canada. The samples were prepared using method M150 that produces two size fractions for analysis (one +150 Mesh "Plus" and the other
-150 Mesh "Minus"). 150 Mesh corresponds to approximately 0.105 mm. The Plus fraction is analyzed in its entirety with gravimetric finish and is reported as +Au. The minus fraction is analyzed by fire assay with AA finish and is reported as -Au. - Au fractions that exceed 10 ppm Au are re-analyzed using a 30 gram fire assay.
All of the sampling and gold determinations are subject to a rigorous quality control program that includes the placement of standards and blanks a minimum of every tenth sample. WCM Minerals of Burnaby, British Columbia has been engaged to supply the quality control materials for the Thor Project.

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
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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...
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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
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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
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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...
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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