Taranis Drills 10.64 m of 0.49 g/t Gold, 249.4 g/t Silver, and 7.7% Combined Pb+Zn+Cu
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Drills 10.64 m of 0.49 g/t Gold, 249.4 g/t Silver, and 7.7% Combined
Pb+Zn+Cu
Estes Park , Colorado, November 30, 2020 – Taranis Resources Inc. ( “Taranis” or the “Company” )
[TSX.V: TRO] is pleased to report on assay results from another hole drilled during its 2020 summer drilling
program.
Drill Hole Thor-214
The geology of Thor-214 is typical of most holes drilled in the Thor deposit to date, consisting of intervals
of massive sulphide intercalated with quart z-sulphide breccia. There is evidence of faulting, and the
geological units include intervals of distinctive pistachio-green coloured hydrothermal alteration thought to
be genetically related to a large intrusive body underlying the intercept (Jowett Formation).
Sample Number From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu(%) Pb(%) Zn(%)
B0012401 40.63 41.09 0.46 1.84 9.7 0.02 0.08 0.02
B0012402 41.09 41.61 0.52 2.10 173.0 0.11 0.67 2.50
B0012403 41.61 42.03 0.42 0.89 202.0 0.31 5.92 9.54
B0012404 42.03 44.81 2.78 0.09 36.7 0.07 0.74 0.85
B0012405 44.81 46.18 1.37 1.16 1003.0 1.35 14.90 15.80
B0012406 46.18 47.25 1.07 0.09 32.6 0.04 0.95 3.76
B0012407 47.25 48.65 1.40 0.14 123.0 0.04 2.60 3.24
B0012408 48.65 49.56 0.91 0.15 112.0 0.04 0.15 0.19
B0012409 49.56 49.99 0.43 1.37 1547.0 0.42 13.80 11.08
B0012410 49.99 51.27 1.28 0.08 19.6 0.01 0.15 0.16
Average
10.64 0.49 249.4 0.24 3.41 4.05
The intercept also contained 0.05% Antimony, 2.52 ppm Indium and 8.45 ppm Tin. These elements have
not been systematically analyzed at Thor and may constitute additional by -product metals that will be
evaluated in more detail in the upcoming 10,000 t onne bulk sampling program that is currently awaiting
permit approval.
Comments
This hole is remarkably similar in grade to drill hole Thor-210 that was reported in Taranis’ news release
(dated November 12, 2020) that intersected three separate zones and demonstrates strong lateral continuity
in the deposit grade. It also shows vertical zonation, with the hanging-wall of the deposit enriched in gold
relative to the bottom. Thor-214 appears to be the coalescence of three separate zones found in Thor-210 to
form a single zone. As further analytical results are received from the 2020 drilling, we will be able to
model the mineralized zone in this important area in much greater detail.
Qualified Person and Quality Control
2
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. Drill core is logged and sawed onsite, and one-half
is retained for reference and further analytical work including specific gravity determinations. The
remaining half core is delivered by Taranis via courier to Bureau Veritas Commodities Canada Ltd.
(“Bureau Veritas”) in Vancouver, British Co lumbia. Bureau Veritas is an ISO 9001 certified analytical
laboratory. Taranis inserts standards every 10th sample for quality control in addition to the stringent
internal checks completed at Bureau Veritas . Samples are dried, crushed, split and pulverize d at the
Vancouver location, and analyzed for silver, copper, lead, zinc and related trace elements done by modified
aqua regia digestion with ICP finish. Gold is analyzed using a 30-gram fire assay with ICP finish.
About Taranis Resources Inc.
For additi onal information on Taranis or its 100% -owned Thor project in British Columbia, visit
www.taranisresources.com
Taranis currently has 73,594,500 shares issued and outstanding (84,973,266 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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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.