Taranis Identifies a Hydrothermally Altered, Sulfide-Bearing Intrusive Stock Associated with Historic Gold-Silver Occurrence and Connected to Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Identifies a Hydrothermally Altered, Sulfide-Bearing Intrusive Stock Associated with
Historic Gold-Silver Occurrence and Connected to Thor
Estes Park, Colorado, August 5, 2026 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing some initial findings from the expanded exploration program
currently underway on the company’s 6,400 Ha exploration project located in Southeast British Columbia.
Taranis has located an intrusive body in outcrop on its new ly acquired Mineral Tenures, which were
appended to Taranis’ mineral property in January 2025. This new, definitive identification of an intrusive
body is of major significance to the company’s ongoing investigations of the Silver Cup mineral district for
linked porphyry-epithermal systems potential.
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The intrusive stock (“GUS”) is located 3.7 km southeast of the Borr epithermal zone discovered in 2025,
which is itself located 1.3 kilometers to the southeast of Taranis’ NI 43 -101 Thor Mineral Resource . All
three of these features are connected by the Thor Lamprophyre Dyke, a conspicuous aeromagnetic feature
that can be traced throughout Taranis’ property and upwards of 16 km in total length where it is closely
affiliated to historical past-producing mines.
Geological Significance of GUS
Phaneritic intrusive rocks have not previously been identified at Thor, but airborne geophysics identified a
large, circular resistive anomaly (I-1) that has been interpreted as a deep-seated, blind intrusive target. Deep
drilling aimed at this feature in 2025 intersected the Thor Lamprophyre intrusive beneath Thor, and it is
believed the lamprophyre is located directly on top of the postulated I-1 intrusive body.
Approximately 6.4 km southeast of Thor is the GUS prospect. At GUS, an intrusive body (syenite) and
associated skarn alteration bears remarkable similarity to the alteration found in deep drilling near the Thor
deposit. The metasedimentary rocks on the west side of GUS are grossular-andradite skarn, exhibiting
intense white-blue/green bleaching. Contact alteration extends for approximately 340m to the west of the
GUS intrusive, and currently it is unclear if the alteration is due to contact metamorphism from the GUS
intrusive body itself, or if it comes from the Thor Lamprophyre Dyke. In 1984, Moly Gold Resources drilled
one shallow drill hole (dip -450, strike 0300 - TD 31.39m) in the metasedimentary skarn 126 m to the west
of the GUS intrusive, intersecting 13.37 g/t Gold, 1.98% Zinc, 1.58% Lead, and 85.62 Oz/ton Silver over
1.83m*. Intrusive rocks at GUS contain both unaltered syenite, and endoskarn that consists of irregular
iron-oxide quartz veinlets with 3 -4% pyrrhotite, and green -coloured alteration. Numerous lamprophyre
rocks were identified in float in the area, although the source of the lamprophyre has not been identified.
*Note: The Company has not independently verified the historical drill hole sampling, assay results, or
QA/QC protocols associated with th is drill hole . While the Company co nsiders these historical results
relevant for guiding future exploration work, readers are cautioned not to place undue reliance on them.
There can be no assurance that historical grades or mineralization widths will be replicated in future
diamond drilling or exploration programs.
Discussion
This is the first time phaneritic intrusive rocks have been identified on the Thor Property, and they appear
to be directly associated with alteration identical to what has been documented in the main Thor NI 43-101
Mineral Resource area. Review of the recently compiled aeromagnetic maps of the expanded Thor property
show at least five circular magnetic highs that are prospective intrusive stocks. These geophysical anomalies
are currently being ground proofed to see if they are in fact important intrusive stocks.
GUS is connected to Thor by a lamprophyre dyke that forms a north -west trending linear feature on
aeromagnetic maps. Numerous airborne electromagnetic anomalies are associated with the margins of the
lamprophyre dyke and satellite mapping (iron alteration indices) can be correlated with the lamprophyre.
These are highly prospective targets for gold mineralization and additional field work is ongoing to evaluate
these important anomalies.
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The intrusive rocks found at GUS will be analyzed in detail , as they are probably representative of the
‘engine’ to the widespread mineralization in the Silver Cup mining district. Based on what has been found
at GUS, it is highly probable t hat there is an undiscovered deep i ntrusive at Thor , and that the intrusive
rocks are intimately related to the Thor lamprophyre dyke . The deepest hole drilled in the Thor
Lamprophyre dyke at Thor showed shallow iron-sulphide transitioning to pyrrhotite at depth, and this,
viewed in conjunc tion with other drill holes , shows that there is an important mineral zonation at Thor
where pyrite dominates near surface, and that mineralization changes to high-temperature pyrrhotite 400m
below the Thor deposit . There is also a zonation in the Thor dep osit itself, where the upper parts of the
deposit are silver, gold and base metal-rich, but , transition into pyrite and copper at depth. All of this
evidence viewed collectively is indicative of a large intrusive stock (similar to GUS) underlying Thor.
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.
About Taranis Resources Inc.
Taranis Resources (TSX.V: TRO | OTCQB: TNREF) has evolved beyond the profile of a traditional junior
explorer. After 15 years of methodical exploration and compiling a massive database from over 250 drill
holes to define a 43 -101 Mineral Resource at Thor and recently completing a 10 0% consolidation of the
historic Silver Cup Mining District, the company is transitioning from "understanding the Thor deposit" to
"unlocking district-scale” discovery potential.
Taranis’ core values include scientific rigor , highlighting exploration driv en by state of art predictive
targeting, 3-D geophysical inversions, and carefully controlled use of AI, as opposed to traditional surface-
level prospecting. The Company prioritizes methodological, h igh-quality exploration over promotional
shortcuts, and allocates funds “into the ground”. Taranis’ leadership has unmatched shareholder alignment,
and our Management Team has been intact for 20 years with substantial insider ownership. Taranis
exercises responsible stewardship and is committed to defining legitimate ownership through active labour,
stringent reclamation programs, and transparent First Nations and local community engagement.
Taranis currently ha s 104,452,053 shares issued and outstanding ( 122,608,613 shares on a fully -diluted
basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geo.),
President and CEO
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For further information contact:
John J. Gardiner
681 Conifer Lane
Estes Park, Colorado 80517
Phone: (720) 209-3049
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