Taranis Further Refines Geological Model for Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Further Refines Geological Model for Thor
Estes Park , Colorado, November 6, 201 9 – Taranis Resources Inc. (“Taranis” or the
“Company”) [TSX.V: TRO, OTCQB: TNREF ] is pleased to provide updates pertaining to the
ongoing activity on its 100% -owned Thor Mine and Exploration Project located in Trout Lake,
British Columbia.
Structural and Geological Modeling of Thor Deposit
Taranis completed an extensive mapping program aimed at detailing structural geology of Thor
in summer 2019 . This program was developed to improve the current understanding of the
deposit in relation to its host r ocks, and to prepare for exploratory drilling in the area northwest
of the known deposit . The mapping and drill program are being used to expand the existing
deposit underneath Thor’s Ridge.
Data collected includes thousands of structural measurements tracing various folds, bedding,
faults and slickensides, some of which have been summarized on the Taranis website
(https://www.jjgmining.com/thor-structural-geology.html). The following table lists some of the
major findings of the mapping program.
The geology is dominated by a complex northwest -trending series of folded rocks of
three major Formations (Broadview, Jowett, and Sharon Creek Formation). The
Formations are encountered in order from youngest to oldest.
The Thor deposit is hosted within a corridor of faulting (“Thor Fault Zone”), and within a
series of en-echelon veins/fault zones that trend north-northwesterly, as such these cross-
cut, and post-date, the major regional folding event.
The Thor Fault Zone strikes north-northwest and dips moderately (45o) t o the east -
northeast at. Th e Thor Fault Zone is a normal fault, but the last movement was largely
horizontal and sinistral, and it was during this last phase the polymetallic veins were
emplaced. This final movement has caused dilation zones to develop in the Thor Fault
Zone that contain the precious and base-metal rich lodes.
The lodes are found where the Jowett Formation (that is found at the interface of the
Broadview and S haron Creek Formations) intersects the Thor Fault Zone. This explains
the largely horizontal nature of the deposit at Thor, but it also contains numerous
undulations where the folds intersect the Thor Fault Zone.
The footwall of the Thor Fault Zone contains conductive carbonaceous rocks (Sharon
Creek) juxtaposed against resistive rocks of the Broadview Formation in the hanging
wall. This explains the presence of a massive EM -37 anomaly along this contact, and the
anomaly defines the Thor Fault Zone.
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Exploration Implications
It is now known for certain that the Thor deposit and the most northerly Blue Bell portion
thereof extend northwest under Thor’s Ridge. In fact, mapping has identified a new en -
echelon portion of the deposit in this area at surf ace that exhibits anomalous precious and
base metal content.
The geological model explains why the Thor Fault Zone that hosts the Thor deposit was
intersected in the lowest level of the mine ( Morgan Tunnel) but was largely devoid of
mineralization since th e receptive Broadview/Sharon Creek contact is located further
above that level.
One remaining enigma is a mine rock unit that is referred to as the “Green Tuff”, that is
tentatively correlated with the Jowett Formation. This distinctive rock is highly alte red
(ammonium-illite) and has a volcaniclastic appearance. There are two varieties – one
with no measurable magnetic susceptibility, and another with extremely high magnetic
susceptibility (8,000 SI units). The latter green-tuff magnetic sub-unit has been easily
outlined in ground geophysical surveys. It is quite possible that th e Green Tuff rock
represents hydrothermal alteration along the Broadview/Sharon Creek Formational
contact by fluids that have moved along the Thor Fault Zone , and which introduced
precious and base metals in the Thor deposit. The age of this mineralizing event appears
to be Mississippian based on K-Ar age dating.
Finally, and most importantly, future exploration along the Thor Fault Zone needs to be
directed where the Broadview/Sharon Creek contact intersects the Thor Fault Zone plane.
This lithological contact is receptive to mineralization and widespread alteration. It is
now established that this target feature is located under Thor’s Ridge.
It has also been documented that the structure that hosts mineralization at Nettie L to the
southeast, and the Beatrice Mine to the northwest , does not occur on the Thor Fault . These are
separate and parallel structures.
Qualified Person
John Gardiner (P.G eol.) is the Qualified Person on the Thor Project and supervised the
preparation and scientific and technical disclosure in this News Release.
About Taranis Resources Inc.
Taranis is an exploration company focused on the development of its 100%-owned Thor project
in southeast British Columbia . The Company has a clear growth strategy that involves the
ongoing growth of the mineral Resource at Thor, and commercial mining of the deposit . For
additional information on Taranis or its Thor project, please visit our website at
www.taranisresources.com.
Taranis currently has 68,931,142 shares issued and outstanding ( 80,589,908 shares on a fully -
diluted basis).
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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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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.