Taranis Resources Inc.

Published : March 25th, 2008

Verifies 38.48 grams/tonne Au Over 1.50 m Prospect between Broadview and Great Northern Zone

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Gold | Lead | Silver | Zinc |
Galena Pocket adit

Taranis Verifies 38.48 grams/tonne Au over 1.50 meter Prospect between Broadview and Great Northern Zones at Thor, British Columbia

 

 
Lakewood, Colorado, March 25, 2008 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] has completed analyzing the results from the 2007 surface sampling program, and has been able to re-locate a gold-rich zone that was discovered in 1970 by Columbia Metals Corporation Limited ("Columbia Metals"). The Switchback Zone occurs within the Combined Metals Unit ("CMU") approximately half-way between the Great Northern Zone ("GNZ") drilled in 2007, and the Broadview Zone ("BZ") located 530 m south of the south end of the GNZ.

Columbia Metals Work on the "New" Zone (1969-1972)

 

Columbia Metals prospected an area west of Taranis' 2007 summer exploration drilling in June 1969,and identified a gold-rich zone at surface called the "New" Zone ("NZ"). In a report dated 1972, Columbia Metals stated that the NZ was located 152 m south of the TFZ #1 portal, and mineralized grab samples from this area over a 34 m strike length yielded the following assays:

 

 

Columbia

Sample No.

Gold (grams/ton)

Silver (grams/tonne)

Lead (%)

Zinc (%)

A

6.22

2,575

28.3

2.5

B

4.98

1,599

28.5

4.5

C

3.42

1,313

15.0

0.8

 

Bulldozer excavations undertaken in December, 1970  exposed a strong fault zone striking NNW and dipping 60 degrees east, between 0.3 and 4.0 m thick, carrying variable amounts of pyrite, galena, sphalerite and chalcopyrite. The zone was shown to have a strike length of 120 m, although the bulldozer was unable to expose the zone for any great distance due to thick cover. A single drill hole (DH-1) to a depth of 33 m in 1970 failed to test the showing since the hole was located too far to the east. Since none of the 2007 drill holes tested this area, it is difficult to say if this is a portion of the CMU, or a parallel body located further west of the CMU.

 

Switchback Zone

 

Another zone, 366 m south of the NZ was also discovered in 1970 in a road-cut on the Northern Light Crown Grant Claim. This area is 290 m south of the southernmost section of holes drilled in the GNZ in 2007 that intersected widespread mineralization (see News Release dated Nov 5, 2007), and 280 m north of the northernmost exposure of the BZ. Two chip samples taken by Columbia Metals in 1970 (the second one being a duplicate sample) taken across the zone assayed as follows:

 

 

Columbia

Sample No.

Gold (grams/tonne)

Silver (grams/tonne)

Lead (%)

Zinc (%)

Width (m)

Chip-1

38.48

508.89

1.55

0.70

1.50

Chip-2 (dup)

37.32

918.49

Trace

Nil

1.50

 

Taranis conducted a widespread, limited surface prospecting and rock-sampling program in 2007, and re-sampled the zone. One grab sample was taken on the surface showing confirmed the presence of high-grade gold at the Switchback Zone ("SW").

 

Taranis Sample No.

Gold (grams/tonne)

Silver (grams/tonne)

Copper (%)

Lead (%)

Zinc (%)

308048

12.54

208.0

0.56

1.98

3.89

 

The SW is dominated by quartz-rich rock and corresponds to the gold-rich cherty exhalite portions of the CMU found at the TFZ.

 

John Gardiner, President and CEO of Taranis states "The ongoing assessment of Thor and part of the recent technical data acquired by Taranis, continues to reveal additional mineralized zones that apparently have never been tested by drilling. The SW is important since it lies in the CMU halfway between the Broadview and Great Northern Zone where Taranis has been able to document widespread precious and base metal mineralization suggesting that the CMU is mineralized in its entirety. Sampling by both Taranis and Columbia Metals in the SW has documented an extremely high gold content, and a high level of priority will be given to drilling this area in the summer of 2008."

 

Reliability of Data

 

While Taranis was not responsible for the collection of some of the data in this News Release, it does consider the data highly reliable and will be used to guide its exploration activities on the Thor project.  Review of the data was completed by John Gardiner (P. Geol.) who is a Qualified Person under the meaning of Canadian National Instrument 43-101.

 

Analytical work completed by Taranis 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). Grab sampling undertaken in the surface exploration program was completed by taking representative samples from the surface, and accurately recording the location and hand specimen descriptions of the samples. Exploration activities on the Thor property were overseen by John Gardiner (P. Geol.) and Jim Helgeson (P. Geo.), both Qualified Persons under the meaning of Canadian National Instrument 43-101.

About Taranis Resources Inc.

 

Taranis currently has 14,847,008 shares issued and outstanding (16,530,376 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
Update Profile/Email Address | Instant removal with ™ | Privacy Policy.
Taranis Resources Inc. | 14247 West Iliff Avenue | Lakewood | CO | 80228
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | 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$ 12.5 millions as of today (US$ 9.2 millions, € 8.2 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)
0.225-13.46%0.180-10.00%
TSX-V
CA$ 0.225
09/18 16:59 -0.040
-13.46%
Prev close Open
0.260 0.240
Low High
0.225 0.240
Year l/h YTD var.
0.160 -  0.340 12.50%
52 week l/h 52 week var.
0.130 -  0.340 32.35%
Volume 1 month var.
67,302 -16.67%
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
202412.50%0.340.16
202317.65%0.250.11
2022112.50%0.240.08
2021-40.74%0.140.08
202092.86%0.160.04
 
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$ 7.08+0.50%Trend Power :
OceanaGold(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
 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$ 8.91-2.73%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 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%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
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%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 ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%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$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.