Taranis Receives Approval for Second 5 Year, Area-Based Permit at Thor to Explore Ridge Target – Now Permitted to Fully Define Resource at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
14247 West Iliff Avenue
Lakewood, Colorado
80228-5421
www.taranisresources.com
Taranis Receives Approval for Second 5 Year, Area-Based
Permit at Thor to Explore Ridge Target – Now Permitted to
Fully Define Resource at Thor
Lakewood, Colorado, August 17, 2017 – Taranis Resources Inc. ( “Taranis”) [TSX.V: TRO] is
pleased to update exploration developments on its 100%-owned Thor project.
Thor Ridge Exploration Target and Permit
Taranis has received notice that i ts exploration permit application to delineate the Ridge Target
north of the existing Thor deposit has been approved. The Ridge Target is a high -priority target
that has seen no prior explora tion, and potentially hosts the extension of the existing 2 km -long
Thor deposit to the northwest along the Sharon Creek–Broadview Formation contact. Successful
definition of the target c ould extend the deposit upwards of two times its current known strike
length.
The target was identified in early 2017 after an exhaustive review of the geological and
geophysical information on the property. Many of the deposits at Thor lie under positive
topographic features owing to the presence of silicified volcaniclas tic rocks of the Jowett
Formation near Ag-Au-Pb-Zn-Cu deposits. The only area consistent with these features that has
not been explored on the Thor property , aside from the heavily mineralized Broadview area, is
Thor’s Ridge. There are also many other features at Thor’s Ridge that suggest the potential
presence of a large undiscovered deposit including large gossans, magnetic anomalies that could
be related to the buried Jowett Formation, and significant gold occurrences, notably SIF.
As the area has minimal road infrastructure and is d ifficult to access, Taranis has elected to
undertake the exploration program with the use of a helicopter. With the two requisite
exploration permits in hand to complete all the drilling at Thor to fully define the deposit,
Taranis will now examine the funding and timeline to complete the drilling.
Qualified Persons
John Gardiner (P.Geol. ) is the Qualified Person on the Thor Project, and supervised the
preparation and scientific and technical disclosure in this News Release.
About Taranis Resources Inc.
Taranis is an exploration company focused on the development of its 100%-owned Thor project
in southeast British Columbia. The company’s mandate is to recognize mineral deposits early in
the exploration cycle that can be developed through intelligent exploration and business
alliances. For additional information on Taranis or its Thor project, please visit our website at
www.taranisresources.com.
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Taranis currently has 55,451,716 shares issued and outstanding ( 63,376,716 shares on a fully -
diluted basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.),
President and CEO
For further information contact:
John J. Gardiner
14247 West Iliff Avenue
Lakewood, Colorado
Phone: (303) 716-5922
Cell: (720) 209-3049
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