Taranis Identifies New High-Grade Gold-Bearing Zone at Thor Parallel to the Thor Ag-Au-Pb-Zn-Cu Deposit, Channel Samples 28.79 g/t Au / 3.72 m True Thickness
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
14247 West Iliff Avenue
Lakewood, Colorado
80228-5421
www.taranisresources.com
Taranis Identifies New High-Grade Gold-Bearing Zone at Thor
Parallel to the Thor Ag-Au-Pb-Zn-Cu Deposit, Channel
Samples 28.79 g/t Au / 3.72 m True Thickness
Lakewood, Colorado, September 25 , 2017 – Taranis Resources Inc. ( “Taranis” or the
“Company”) [TSX.V: TRO] is pleased to update exploration activity related to its 100%-owned
Thor project.
Excavation of ore for the gold pilot p lant at Thor has uncovered the continuation of high-grade
gold mineralization at the SIF Zone in an area now referred to as the SIF-Extension. The original
SIF zone occurs west of the m ain Ag-Au-Pb-Zn-Cu deposit within the top of an anticline fold
structure, but it is now known that the zone rolls onto the west side of the anticline structure and
continues to plunge moderately (450) to the northwest.
Taranis will issue a separate News R elease concerning the mining activity , and gold recovery of
the original SIF Zone once it has ceased processing ore.
Channel Sampling
Excavation of the SIF-Extension below the mined-out SIF Zone has allowed Taranis to complete
nine lines of channel sampl ing across the exposure , each representative of the true thickness of
the zone. The sampled exposure shows the true thickness of the zone, and all sampling is directly
taken on surface. ICP analyses are pending, and will be released at a later date. Channel sample
lines are spaced 1.5 m apart, and are normal to the dip of the gold-bearing zone.
Channel
Sample Line
True
Thickness
(m)
Gold (g/t)
1 1.98 7.03
2 1.28 4.35
3 2.10 23.18
4 3.26 9.10
5 2.93 4.21
6 3.72 28.79
SIF-Extension Geology
The SIF-Extension zone contains visible gold similar to broken ore from the SIF Zone that is
currently being processed in the gold pilot plant . In contrast to the main Thor Ag -Au-Pb-Zn-Cu
deposit that includes abundant sulphide minerals , the SIF and SIF -Extension Zones consist of
massive quartz with brecciated textures , and most distinctly a reddish iron oxide mineral that
forms prominent gossans. Visible gold is commonly found in the zone, and it occurs with small
amounts of magnetite, pyrite and within vuggy cavities in the rock.
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The SIF-Extension is up to 3.72 m thick, and folded into an “s -shaped” fold plunging steeply to
the northwest, and dipping to the southwest along the Sharon Cre ek / Broadview Formation
contact identical to the main Thor Ag -Au-Pb-Zn-Cu deposit. This is consistent with a VMS
deposit setting where it is common to find gold distal to the base -metal enriched core of the
deposit, but within the same stratigraphic horizon.
The stratabound nature of the mineralization indicates that th e SIF -Extension gold target is
potentially very large, and it has been subsequently modified by extensive folding and north -
northwest high-angle faulting. The southwest side of the outcrop exposes a southwest dipping
fault that appears to abruptly truncate the SIF -Extension zone, and opens the possibility that the
zone is faulted-off from a currently unlocated gold zone . Additional evidence for this is shown
by a thickening of the zone and increasing gold content towards the fault.
Geophysical Survey Tracing SIF Extension to Northwest
Previous geophysical surveys (2014) identified a strong VLF conductor in this area that extends
for 120m to the northwest under a land slide infilling a valley , and this area has not been te sted
with any diamond drilling. Taranis has completed a detailed grid over the northwest continuation
of the zone and has identified a strong conductive feature that is related to the newly discovered
SIF Extension.
Quality Control
Samples are delivered by Taranis via courier to MS Analytical Labs in Langley, British
Columbia. MS Analytical Labs is an ISO-9001:2008 certified analytical laboratory. The
Company inserts external standards every 10th sample for quality control in addition to the
stringent internal checks completed at MS Analytical. Samples are dried, crushed, split and
pulverized. Analysis for gold is done by 30 gram fire assay with ICP and gravimetric finish.
Qualified Person
John Gardiner (P.Geol.) is the Qualif ied Person on the Thor Project, and supervised the
preparation of the 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.
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
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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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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.