Taranis Details Z-900/1300 and Underlying I-1 Intrusive Target Including 53m of Anomalous Gold
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Details Z-900/1300 and Underlying I-1 Intrusive Target Including 53m of Anomalous Gold
Estes Park, Colorado, February 25, 2025 – Taranis Resources Inc. (“Taranis” or the “Company”)
[TSX.V: TRO, OTCQB: TNREF] is providing the second in a series of News Releases that detail
exploration for a deep, underlying mineralized intrusive body at Thor. This News Release documents two
drill holes (Thor-246 and Thor-247) that were drilled from a single setup 0.6 km southeast of the Broadview
Mine. Both drill holes returned anomalous gold (up to 0.452 g/t Au) over substantial widths . These
intercepts were drilled west of the Z-900/1300 anomaly (see attached plan map) and provides compelling
information that the main body of the feature is mineralized. Taranis has provided a cross-section of these
drill holes that shows the location of the section relative to the important geophysical anomalies , and it
appears on the website www.taranisresources.com
Gold and Zinc Zones in Thor-246 and Thor-247
Taranis undertook systematic geochemical analysis of the holes including major oxide alteration
geochemistry, rare-earth element analysis, gold and ICP -MS geochemistry. As the holes were targeti ng
airborne geophysical features, inversion models derived from the surveys were compared with physical data
collected in the drill holes. As these were the first holes to go into this critical area of Thor, the analyses of
drill cores was designed to identify geochemical-levels of mineralization that can provide valuable targeting
information. Scanning Electron Microscopy (“SEM”) analysis was used to identify minerals that included
albite, garnet, amphiboles , ankerite, chlorite, biotite and ludwigite . Ludwigite is a boron -rich mineral
typically found in magnesian skarns.
Thor-246 (-700)
Thor-246 intersected a 53.0m wide zone (355.0-408.0m) of geochemical gold, accompanied by elevated
levels of arsenic, tin, tungsten and zinc within a rock type that is distinct from the magnetite-bearing I-2
intrusive dyke. This type of alteration and gold -enrichment is diagnostic of the margins of a large-scale
intrusive-related hydrothermal system. A green mineral that was originally described as ‘epidote’ at Thor
has been determined by SEM to be andradite-grossular garnet, and its presence is also diagnostic of contact
metamorphic zones around an intrusive . The geochemical data from Thor -246 is summarized in the
following table and is also shown graphically on the cross-section on the website.
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Thor-246 (355.0-408.0m) – 53.0m Interval
Au
(ppb)
As
(ppm)
Sn
(ppm)
W
(ppm)
Zn
(ppm)
Average 24 140 0.9 0.5 69
No. Samples 54 54 54 54 54
Minimum 5 1 <0.1 <0.1 21
Maximum 452 838 7.7 1.7 149
Standard Deviation 64 198 1.2 0.5 30
The association of arsenic and gold is a correlation well-documented in the overlying epithermal deposit at
Thor, and provides some level of causal connection with Thor-246. Tin and tungsten are also weakly
anomalous and are considered pathfinder elements for gold deposits associated with intrusives. One of the
peculiar aspects is the lack of silver, copper and lead that are major components of the overlying epithermal
deposit, and this may be related to geochemical zonation.
Thor-247 (-650)
Thor-247 was drilled up -dip from Thor -246 to establish the geometry of the geological formations
encountered in Thor-246. This hole intersected anomalous gold in two intervals within identical albite and
carbonate-bearing rocks found in Thor -246. The upper intercept included elevated levels of zinc
mineralization from 301.0 to 306.8m. Although the gold content and thickness are less than those found in
the underlying Thor-246 drill hole, both holes viewed collectively show increasing gold and arsenic tenors
with depth.
Thor-247 (278.3 – 314.0m) – 35.7m Interval
Au
(ppb)
As
(ppm)
Sn
(ppm)
W
(ppm)
Zn
(ppm)
Average 9 46 1.2 1.7 527
No. Samples 35 35 35 35 35
Minimum 5 1 <0.1 <0.1 64
Maximum 26 214 4.0 5.5 6,670
Standard Deviation 4 43 1.3 1.9 1,255
The lower intercept was in albite -carbonate breccia that had a creamy beige color. The SEM identified
albite, ankerite, clays (kaolinite?), quartz, chlorite, amphibole, garnet and ludwigite in this interval.
Thor-247 (351.0-379.9) – 28.9m Interval
Au
(ppb)
As
(ppm)
Sn
(ppm)
W
(ppm)
Zn
(ppm)
Average 16 35 1.4 3.4 104
No. Samples 13 13 13 13 13
Minimum 5 11 0.2 <0.1 53
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Maximum 61 61 4.3 22.2 244
Standard Deviation 18 17 1.4 6.3 53
Comment
John Gardiner, President and CEO of Taranis comments “drill holes Thor -246 and Thor -247 have
intersected a completely different part of the hydrothermal system that is not exposed at surface at Thor,
yet has obvious geological connections to the overlying epithermal deposit . While the gold content is
obviously not ‘ore-grade’, the persistent and wide geochemical levels of gold seen in both drill holes in
association with arsenic, tin , tungsten and zinc strongly suggests that these holes are proximal to a
mineralized alkalic intrusive body. The presence of andradite-grossular garnet and ludwigite are also
hallmarks of a contact alteration aureo0le related to an intrusive body. Both the 246 and 247 gold -arsenic
intercepts are located west of the Z -900/1300 feature, but provide valuable insight into this important
resistivity anomaly. Taranis is currently making plans to evaluate both this target and the underlying I-1
intrusive target that appear to be the source of the substantial overlying epithermal deposit at Thor”.
About Taranis and Thor
Taranis Resources is a Canadian mineral exploration company . The Thor Project is in southeast British
Columbia. Taranis has completed upwards of 250 drill holes , linking all previously known mines into a
single, near-surface epithermal deposit that has been recently updated into an NI 43-101 Mineral Resource
Estimate (see Taranis News Release dated April 11, 2024). In the summer of 2024, Taranis initiated deep
drilling aimed at finding the source of the 2 km long epithermal deposit.
Quality Control and Laboratory Methods
All samples for the Thor project were securely delivered to Actlabs in Kamloops, British Columbia.
Analytical work was completed both at the Kamloops and Ancaster, Ontario locations. Actlabs is ISO 17025
accredited. Taranis completed two types of geochemical analysis on the drill core.
The first of these was for major oxide geochemistry and quantitative graphite and carbonate determinations.
This sampling wa s completed systematically on drill holes to determine alteration of rock units. Major
oxides and trace elements were determined by lithium metaborate/tetraborate fusion and analysis by
Inductively Coupled Plasma (“ICP”), Optical Emission Spectrometry (“OE S”) and Mass Spectrometry
(“MS”). Graphite and Carbonate determinations were made using Infrared (“IR”) Spectrometry.
Secondly, visibly (or potentially mineralized sections of core) were systematically sampled after sawing the
core in half onsite. Samples were analyzed for 42 elements by 4 -Acid Digestion / Inductively Coupled
Plasma - Mass Spectrometry (“ICP -MS”) and for gold by 30g Fire Assay / Atomic Absorption
Spectrophotometry (“AAS”). Where overlimit values were encountered in the analysis of these samples,
ore-grade’ determinations were made using subsequent ICP analysis and gravimetric methods. As a Quality
Control (“QC”) measure, Taranis also submitted analytical standards into the sample stream every tenth
sample in addition to the laboratory’s own quality control methods.
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SEM was completed at the Colorado School of Mines in the Automated Mineralogy Laboratory. The
TESCAN Integrated Mineral Analyzer ( “TIMA”) is a fully automated SEM -based analysis system that
provides quantitative mineralogical and textural data on the basis of automated point counting. The
instrument contains a custom -built electron-beam platform equipped with four energy dispersive X -ray
spectrometers for mineral and compound identification within a wide range of sample types.
Qualified Person
Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under
the meaning of Canadian National Instrument 43-101. John Gardiner is the principal of John J. Gardiner &
Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner
has reviewed and approved the comments contained within this News Release.
Taranis currently ha s 100,348,854 shares issued and outstanding ( 113,827,227 shares on a fully -diluted
basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geo.),
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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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 di ffer
materially from expected results.
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