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True Fissure
Zone
Twenty-nine
drill holes have penetrated the TFZ, and Thor-12, 13 and 22 are the last
holes to be reported from the 2007 drilling campaign. The TFZ has been
drilled on 40 m centers and has a number of pre-existing exploration
drifts that have been channel sampled by previous operators. Taranis has
not reported on the previous channel samples, but they are deemed to be
highly reliable and corroborate the Taranis drill results.
Section 120m North
Drill
Hole Thor-12 (-45 degrees) was drilled down-dip of drill hole Thor-11
which previously intersected 1.09 g/t Au, 104.04 g/t Ag, 0.13% Cu, 2.05%
Pb and 2.41% Zn / 6.10 m (see News Release dated September 5, 2007).
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Thor-12
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From (m)
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To (m)
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Au (g/t)
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Ag (g/t)
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Cu (%)
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Pb (%)
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Zn (%)
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Thickness (m)
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13.41
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16.46
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0.49
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82.09
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0.06
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0.40
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4.89
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3.05
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Drill
Hole Thor-13 (-65 degrees) was drilled down-dip of Thor-12 from the same
setup and intersected the downward continuation of the intercept
encountered in drill hole Thor-12.
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Thor-13
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From (m)
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To (m)
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Au (g/t)
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Ag (g/t)
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Cu (%)
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Pb (%)
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Zn (%)
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Thickness (m)
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14.57
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16.28
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1.31
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176.17
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0.21
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2.83
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4.54
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1.71
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Section 80m North
Drill
Hole Thor-22 (-45 degrees) was drilled down-dip of drill holes Thor-9, 10
and 11 (see News Release dated September 5, 2007) and intersected the
TFZ. The intercept has a prevalent fault in the hangingwall and indicates
that the TFZ has likely been dislocated from the structural footwall of
the GNZ.
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Thor-22
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From (m)
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To (m)
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Au (g/t)
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Ag (g/t)
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Cu (%)
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Pb (%)
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Zn (%)
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Thickness (m)
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50.35
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50.60
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1.92
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10.13
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0.01
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0.20
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0.78
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0.25
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50.60
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51.36
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Lost Core
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51.36
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52.64
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0.24
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25.24
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0.01
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1.19
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0.90
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1.28
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and
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54.44
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56.91
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1.02
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45.99
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0.02
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1.15
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1.73
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2.47
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Thor
23 (-65 degrees) and Thor-24 (-85 degrees) were drilled under Thor-22 and
both holes were lost due to caving before intersecting the TFZ.
True Fissure
Zone (Southern Extension)
Five
shallow drill holes were completed on the south extension of the TFZ to
understand the geologic connection between the TFZ and the GNZ. These
drill holes demonstrate that the Combined Metals Unit continues in this
area, and is highly attenuated.
Section 40m South
Drill
hole Thor-42 (-45 degrees) was drilled south of the TFZ open-pit and
indicates that the TFZ continues south of the existing open pit.
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Thor-42
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From (m)
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To (m)
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Au (g/t)
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Ag (g/t)
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Cu (%)
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Pb (%)
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Zn (%)
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Thickness (m)
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53.04
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54.13
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0.95
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30.17
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0.03
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0.02
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0.07
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1.10
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Drill
hole Thor-43 (-65 degrees) was drilled from the same setup as Thor-42 and
intersected the down-dip extension of the TFZ.
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Thor-43
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From (m)
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To (m)
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Au (g/t)
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Ag (g/t)
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Cu (%)
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Pb (%)
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Zn (%)
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Thickness (m)
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47.24
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50.29
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0.29
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23.26
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0.02
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0.65
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1.23
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3.05
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Drill
hole Thor-42 (-85 degrees) was also drilled from the same setup and
demonstrated that the TFZ remains open down-dip.
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Thor-44
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From (m)
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To (m)
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Au (g/t)
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Ag (g/t)
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Cu (%)
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Pb (%)
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Zn (%)
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Thickness (m)
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55.17
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56.39
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1.78
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65.58
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0.12
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0.99
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1.88
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1.22
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Section 80m South
Drill
hole Thor-45 (-45 degrees) was drilled on the southernmost extension of
the TFZ and intersected a thin, but very high-grade intercept. Thor-46
(-65 degrees) drilled from the same setup failed to intersect any
significant mineralization.
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Thor-45
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From (m)
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To (m)
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Au (g/t)
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Ag (g/t)
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Cu (%)
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Pb (%)
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Zn (%)
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Thickness (m)
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36.52
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37.04
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5.49
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577.09
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0.40
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13.83
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3.80
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0.52
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John Gardiner, President and CEO of
Taranis states "the results of these drill holes drilled on the
periphery of the TFZ indicate that that the zones of massive sulphide
found at Thor are prone to structural dislocation, folding (including
thickening and thinning) similar to other deformed Volcanogenic Massive
Sulphide deposits. These are important exploration guidelines that can be
used to find other zones at Thor during the 2008 drilling program."
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).
Drill
core is logged on-site and is sawed in half for analysis.� One half is retained for geologic
records and further assay verification if required.� 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.
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