Taranis Completes 30 Hole, 1,983 m Drilling Program at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Completes 30 Hole, 1,983 m Drilling Program at Thor
Estes Park, Colorado, October 2, 2018 – Taranis Resources Inc. (“Taranis” or the “Company”)
[TSX.V: TRO] updates activity related to its 100%-owned Thor project.
The Company completed a number of exploration objectives at Thor through mid-September
2018. These exploration efforts were aimed at continuing to outline NI 43 -101 Resources at
Thor, and to process a 10,000-tonne bulk sample using an In line Pressure Jig from the main Ag -
Au-Pb-Zn-Cu-In deposit.
Core Diamond Drilling
Taranis completed a 1, 983 m (30 hole) NQ drilling program on the property , bringing the
number o f drill holes completed by the C ompany at Thor to over 250 . All drill holes were
located southeast of the existing Great Northern deposit. Results of this drilling are pending and
will be released up conclusion of the analytical work and interpretation of the data. All drill holes
were subjected to rigorous NI-43-101 quality control methods and were surveyed with a
downhole magnetic tool upon completion. Drill core was also subjected to on -site specific
gravity measurements.
Schlumberger Resistivity Surveys
Taranis completed 3.5 km (22 lines) of detailed (5m spacing) resistivity profiling at areas of the
Thor deposi t to better define structure, stratigraphy and potential new targets . Some of the
highlights of this surveying include:
Discovery of the southeast extension of the deposit southeast under Broadview
Creek that was subsequently confirmed with diamond drilling.
Discovery of a large area of quartz -veining 250 m northwest of th e SIF gold zone
that lies under conductive black schists and appears to be the faulted -off parent
portion of SIF gold zone , which exhibits extremely high gold grades . This newly
discovered area referred to as the “crossover” also seems to connect the existing
Thor deposit to an area to the northwest that has never been drilled called the
Megagossan.
Re-discovery of an extension of the Great Northern Zone to the northwest that has
not been drilled but was originally discovered in the early 1970’s by Columbia
Metals. In the 1970’s t his area was trenched and referred to as the “New Zone”
and sampling returned gold values in excess of 1 Oz/ton Au. This is like other
gold-rich areas at Thor that typically occur along the terminations of sulphide
bodies that highly enriched in quartz.
Magnetic & VLF Surveys
Additional ground magnetic and electromagnetic surveys were completed in the area directly
over SIF and to the northwe st of SIF to gain better understanding of the complex structural
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geology of this area. Although this data has not been finalized, it shows that the SIF Gold Zone
has been dissected by a dextral fault along the west side and that the possible continuation of SIF
is located to the northwest. Prolific areas of quartz veining were discovered 250 m northwest of
SIF that resemble the SIF deposit including vugging and extensive iron -oxide alteration. Grab
samples were collected at surface as an effort to identify anomalous gold mineralization, and the
area was subjected to stream sediment sampling.
Enhanced Environmental Baseline Monitoring
The Company completed an enhanced baseline sampling program for the upcoming 10,000-
tonne bulk sample application. This included:
Periodic silt sampling at a number of locations in the Broadview and True Fissure
Creeks.
Continued periodic sampling of water at stations located along Broadview and True
Fissure Creeks, including discharge from old mining adits.
Continued water flow monitoring of Broadview and True Fissure Creeks including
detailed cross-section measurements of flow stations.
Ground magnetic and gradiometer surveys at the old True Fissure Millsite designed to
assess the extent of scrap iron and other material con tained in the surface material that
was left onsite from previous milling operations.
Receipt and integration of the final report from Brodie Consulting Ltd. for the 10,000
tonne Bulk Sample Water and Waste Management Conceptual Plan.
Qualified Person and Quality Control
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 company focused on the development of its 100%-owned Thor project
in southeast British Columbia . Its mandate is to recognize mineral deposits early in the
exploration cycle that can be developed through intelligent exploration and business alliances.
For additional information o n Taranis or its Thor project, please visit our website at
www.taranisresources.com.
Taranis currently has 64,113,067 shares issued and outstanding ( 77,946,733 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
681 Conifer Lane
Estes Park, Colorado
80517
Phone: (303) 716-5922
Cell: (720) 209-3049
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