Taranis Executes Drilling Contract to Conduct Deep Drilling at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Executes Drilling Contract to Conduct Deep Drilling at Thor
Estes Park, Colorado, June 11, 2024 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing an update on its 2024 exploration program at Thor.
Deep Drilling Program
The Company has engaged Atlas Diamond Drilling (“Atlas”, of Kamloops, British Columbia) to conduct
drilling at Thor on several deep-seated drill targets. Atlas completed drilling in 2018 at Thor and is familiar
with the terrain and project conditions.
There are two primary targets that will be explored with deep drilling; both having the potential to discover
large, bulk mineable deposits:
• Intrusive Target – A large 1,300 m x 1,000 m diameter priapic-shaped magnetic-low
capped by a magnetite -rich cupola. Limited outcropping related to the periphery of this
feature in Broadview Creek show extensive epidote and chlorite alteration accompanied by
banded magnetite and amphibole minerals. This unit is also characterized by potassium
enrichment, and various feldspar minerals including plagioclase and orthoclase.
• Tusks – Two conductive features approximately 3 km long each are spatially located around
the Intrusive Target. The conductive Tusks do not outcrop at surface, and their geometric
disposition suggests they are hypogene alteration related to the Intrusive Target, such as
carbonate and sulfide mineralization. These conductive Tusks frequently exhi bit bulges
upwards into areas of high-grade mineralization such as at the Broadview Mine suggestive
of a connection between the epithermal mineralization, the Tusks and also the intrusive
Target.
About Taranis and Thor
Taranis Resources Inc. is a Canadian mineral exploration company. The Thor Project is located in southeast
British Columbia, and is comprised of 3,807 hectares of Mineral Tenures and 27 Crown Grant titles to
precious and base minerals , many of which include surface rights . Thor is a brownfield mine site, having
been mined on a small-scale since as early as 1896. Taranis has demonstrated via extensive diamond drilling
that the historical mines are connected as part of a much larger mineralized system. Taranis has completed
upwards of 250 drill holes and linked all of the previously known mines into a single, near -surface
epithermal deposit that has been recently updated into a NI 43-101 Mineral Resource Estimate. Taranis is
now undertaking deep drilling which aims to prove or disprove the presence of a large intrusion-related
deposit connected to the known near-surface epithermal veins. Such linked epithermal-porphyry deposits
are often world-class sources of critical and precious metals.
2
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 a 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.
For additional informatio n on Taranis or its 100% -owned Thor project in British Columbia, visit
www.taranisresources.com
Taranis currently has 9 7,087,027 shares issued and outstanding (109,262,027 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.
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.