Taranis Discovers New Area of Epithermal Mineralization at Thor 1.4 km Southeast Of Thor Epithermal Deposit
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Discovers New Area of Epithermal Mineralization at Thor 1.4 km Southeast Of Thor
Epithermal Deposit
Estes Park, Colorado, October 27, 2025 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing an update on exploration activities at Thor. This News Release
discusses a new, near -surface area of Epithermal Precious and Base Metal Mineralization called “Borr”
found 1,400m southeast of the south end of the Thor epithermal deposit. This mineralization is located
under a topographic slope west of the main access road and does not outcrop. There are no historic workings
located in the area, and this is a virgin discovery. Please refer to the map that accompanies this News Release
that shows some of the relevant features.
Drill Hole Thor-256
Drill Hole Thor-256 was drill ed to the southwest at a dip of 45 0 towards a deeper geophysical resistivity
anomaly (Z-900/1300) located under a steep hillside. Subsequent News Releases will discuss the source of
this anomaly which is in part associated with a lamprophyre dyke . Shortly after collar ing into bedrock,
Thor-256 intersected epithermal mineralization hosted with in metasedimentary and metavolcaniclastic
rocks. There are photographs posted at www.taranisresources.com. Massive pyrite, sphalerite, galena and
tetrahedrite were visibly identified in the core. The following table details the analytical results.
Thor-256 (Upper Part)
From
(m)
To
(m)
Width
(m)
Ag
(g/t)
Cd
(ppm)
S
(%)
Sb
(ppm)
Sn
(ppm)
Au
(ppb)
Pb
(%)
Zn
(%)
Combined
Pb+Zn (%)
24.13 25.00 0.87 75.2 89.4 1.2 11.7 28.6 50 4.23 1.65 5.88
25.00 26.00 1.00 23.8 82.5 0.7 8.4 11.3 9 1.43 1.59 3.02
26.00 27.00 1.00 19.8 152 1.3 8 14.1 18 1.22 2.72 3.94
27.00 28.00 1.00 5 211 2.1 2.7 62.8 2 0.07 3.76 3.83
28.00 28.86 0.86 2.8 33.9 0.3 1.4 3.5 9 0.18 0.56 0.74
28.86 29.38 0.52 11.2 66.6 20.9 4.6 30.3 766 0.19 1.02 1.21
Average
5.25 26.2 121.0 5.0 7.0 28.7 163 1.39 2.15 3.55
Comment
The Thor-255 epithermal intercept is the only known substantive occurrence of mineralization outside of
the existing Thor NI 43-101 Mineral Resource , and it occurs on the east side of a positive aeromagnetic
feature. The entire existing Thor NI 43-101 Mineral Resource occurs on the west side of the aeromagnetic
feature. The Thor epithermal deposit may form an inverted ‘horseshoe -shaped’ feature around the
aeromagnetic anomaly. Our prior exploration work at Thor has shown that intercepts such as the Thor-256
intercept are part of much larger mineralized systems, and in the future drilling will need to move both north
2
and south from the initial Borr intercept. The Borr area is therefore an opportunity for considerable
expansion of the existing high-grade, near surface Mineral Resource.
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 is
the President and CEO of Taranis Resources Inc. and has reviewed and approved the comments contained
within this News Release.
Quality Control and Laboratory Methods
All samples for the Thor project were securely del ivered to Act labs in Kamloops, British Columbia.
Analytical work was completed both at the Kamloops, and Ancaster, Ontario locations. Actlabs is ISO
17025 accredited.
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.
Taranis currently ha s 102,421,487 shares issued and outstanding ( 119,972,613 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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
3
This News Release may contain forward l ooking 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.
4