Taranis Engages Norwest Corporation to Permit Second Mining Operation at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
14247 West Iliff Avenue
Lakewood, Colorado
80228-5421
www.taranisresources.com
Taranis Engages Norwest Corporation to Permit Second
Mining Operation at Thor
Lakewood, Colorado, December 6, 2017 – Taranis Resources Inc. ( “Taranis”) [TSX.V: TRO ]
is pleased to update exploration and mining activity related to its 100%-owned Thor Project in
southeastern British Columbia.
Pursuant to the successful permitting, execution and closure of the Gold Pilot Plant at Thor (MX-
5-062), Taranis is moving forward with the permitting of a Density Media Separation plant at
Thor (10 tonnes/hours) . The endeavor will seek to permit and process several high-grade
stockpiles at Thor that date from the early 1900’s and 1970’s.
Thor Stockpiles
Taranis undertook a detailed examination of the Thor stockpiles commencing in 2012 that
included volume and grade calculations, environmental baseline monitoring and Acid Rock
Drainage (“ ARD”) characterization with full knowledge that stockpiles contained a valuable
resource of metals. All work was done to NI 43-101 standards.
The stockpile s were mined from the main Thor deposit, and consequently the grade and
metallurgy are repre sentative of the main Thor Ag -Au-Pb-Zn-Cu deposit itself. The stockpiles
are already broken and at surface, so no drilling and blasting is required.
Permitting of Stockpiles
The permitting application will be undertaken in two stages. The first will outline the concept
and present it to the government permitting agencies , and develop a timeline . The second stage
will incorporate the specifics of the operation including operation, design specifications,
processing specifications and environmental monitoring to ensure the successful operation of the
mine.
There are five very unique aspects of this second mining operation at Thor:
It involves removing several ARD-producing stockpiles from the surface, some of which
have been there for over 100 years.
The processing involves gravity concentration of the ore and will produce two products.
The first of these is concentrate that will contain almost all the sulphide minerals and
economic value , and this will be shipped offsite for furt her processing/smelting . The
second will be spoils that will be essentially quartz and gangue minerals that have no
economic value.
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Taranis has received testing results from the gravity separation metallurgical tests that
shows separation of most of the ARD-producing material into the concentrate that will be
shipped offsite, and the spoils having minimal ARD producing characteristics.
The spoils are planned to be disposed of underground in a pre-existing tunnel that was
developed in the 1930’s and will have no surface exposure.
All stockpiles lie in areas where Taranis holds the Crown Grants and mineral tenures.
Comments
Taranis worked with Norwest Corporation on the closure of the Gold Pilot Plant tailings site.
Norwest Corporation is an internationally-recognized leader in providing consulting expertise to
the energy, mining, and natural resources industries , and they have worked with Taranis to raise
the bar for environmental practices at Thor, and Taranis looks forward to working with i t on this
permit application.
While Taranis is still processing the concentrates from the summer operation and recovering the
gold, the plant was an enormous success and it allowed Taranis to get a much better
understanding of the high-grade gold zones at Thor. It also led to the discovery of the continued
extension of the deposit to the northwest and the SIF -Extension, which is an important
exploration target in the future.
John Gardiner, President and CEO states “Taranis has adopted a staged approach to mining Thor
that runs in tandem with continued exploration and expansion of the main in -situ deposit .
Permitting is arguably the most difficult aspect of any mining operation in British Columbia, and
the standards for permitting, mining and closure requi re detailed baseline environmental studies.
We have been doing environmental work for upwards of five years at Thor in conjunction with
our normal exploration activities, and this work has included ARD characterization, climate and
water flow monitoring an d baseline water and soil geochemistry. Taranis takes permitting very
seriously.”
Qualified Person - Exploration activities at Thor were overseen by John Gardiner (P. Geol.)
who is a Qualified Person under the meaning of Canadian National Instrument 43-101.
About Taranis Resources Inc.
Taranis is an exploration and mining company focused on the development of its 100% -owned
Thor project in southeast British Columbia. In 2017, Taranis undertook a f ully permitted mining
operation on the property aimed at recovering gold and gaining a better understanding of the
newly discovered gold zones at Thor. Taranis is pursuing two parallel and distinct strategies at
Thor: one focused on continuing to mine the deposit in a series of three steps, and the other is the
continued growth and expansion of the existing deposit. P lease visit our website at
www.taranisresources.com for more information.
Taranis currently has 56,785,049 shares issued and outstanding ( 65,043,382 shares on a fully -
diluted basis).
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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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