Taranis Identifies Widescale Geochemical Zonation Characteristic of an Intrusive over the I-1 & Z-900/1300 Geophysical Targets
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Identifies Widescale Geochemical Zonation Characteristic of an Intrusive over the I-1 &
Z-900/1300 Geophysical Targets
Estes Park, Colorado, March 11, 2025 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing the third in a series of News Releases that detail exploration for a
deep, underlying mineralized intrusive body at Thor. Taranis completed comprehensive geochemical
studies of drill core using Gresens method. This method quantifies metasomatism (hydrothermal alteration)
and the changes to the rock using immobile elements, typically rare earth elements. Intrusive bodies invoke
widespread chemical changes in the host rocks that extend hundreds of meters around the intrusive body.
As such, geochemical alteration studies are important guides to targeting a potentially mineralized intrusive
body not exposed at surface. This News Release accompanies a schematic cross -section through the area
that shows the alteration features in conjunction to the Z-900/1300 and I-1 geophysical targets.
Barren Host Rocks at Thor (Non-Altered)
Most of the host rocks at Thor are barren of mineralization, and consist of metagreywackes and
metavolcaniclastics of regional greenschist metamorphic grade . These rocks were analyzed to establish
baseline geochemistry for the rocks distal to the mineralized area at Thor. They contain on average: 70.7%
SiO2, 1.8% Na2O, 1.3% CaO, 2.5% K2O, 0.07% P2O5, 1.5% MgO and no graphite.
Altered Host Rocks
Weak to Distal Alteration of Host Rocks (Sericitization) - Some of the effects of alteration in
metasediments and metavolcaniclastics are the introduction of small amounts of cesium , tin, niobium and
tantalum. P2O5 is also introduced into the rock where it is weakly altered. Na2O and CaO is depleted relative
to the unaltered rocks, and this is indicative that these rocks have sericitic alteration. The weakly sericitized
rocks contain small amounts of graphite (<0.5%).
Intense Alteration of Host Rocks (Intense Sericitization) - Host rocks more proximal to the I-1 and Z-
900/1300 Target are intensely altered and start to exhibit widespread introduction of low-levels of zinc and
lead, P2O5 and niobium. Highly-altered rocks show depletion of Na 2O and CaO. Many of the other trace
metals such as arsenic, nickel, copper, barium and tungsten are depleted. These rocks contain <0.5% carbon
as graphite.
Bomb Unit (Carbonatization, Sericitization) - This unit was evaluated with a deep drill hole (Thor-242)
as it forms a major geophysical feature at Thor, and occurs at a depth of 500m below the surface. The Bomb
Unit is suspected to be an alteration halo around a deep -seated intrusive ( I-1). These rocks are intensely
altered and contain pyritic clasts. Its most distinctive feature is the amount of graphitic carbon (average of
4.43%) which explains the conductive nature of the unit. It is depleted in SiO2, MgO, Na2O, CaO, K2O and
barium, but also contains anomalous lead, zinc, copper, cobalt, nickel and antimony suggesting connection
to the I-1 Intrusive.
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Intrusive and Contact-Related Rocks
I-2 “Dyke” Intrusive Rocks (Chloritization & Albitization) - These rocks included a series of units that
are related to two linear magnetic highs that trend NNW across the property. The presence of magnetite
makes this unit easily identifiable on magnetic surveys. This intrusive unit is zoned from intrusive breccia
in the center, to albite -grossular-andradite, and finally into massive chlorite along the edges of the dyke.
The core of the dyke is enriched in strontium, vanadium, chromium, niobium, zinc, nickel, cobalt and
copper. I-2 is also enriched in P2O5, MgO, Na2O and Fe2O3, all diagnostic of the mafic composition of the
unit. I-2 does not contain any gold or arsenic (or metals contained in the Thor epithermal deposit), and it is
very depleted in barium.
I-1 Intrusive Related Rocks (Carbonatization & Albitization) - The I-1 intrusive-related rocks are found
below and east of the I-2 Intrusive in the bottom of drill holes Thor-246, 247 and 248. I-1 is anomalous in
the same metals found in I-2, but is also enriched in carbonate (CaCO3), P2O5, CaO, MgO, Fe2O3 and Na2O.
Most important, it has highly anomalous boron, gold, zinc, arsenic and tungsten.
Widescale Strontium and Barium Zonation
The alteration study of the deep drilling has shown that strontium occurs in elevated concentration around,
and within the I-1 and I-2 intrusive rocks. Strontium has the most persistent and widescale alteration pattern
found in the mass balance modeling. Strontium becomes more enriched with depth ( getting closer to the
concealed I-1 intrusive body) and an analogous situation is documented at the Lornex Copper Mine in
British Columbia. Conversely, barium is very depleted within and around the I-1 and I-2 intrusive features,
and this is consistent with what has been seen in other porphyry deposits in British Columbia (Valley
Copper).
Comment
John Gardiner, President and CEO of Taranis comments “Thor is a different animal than other intrusive -
hosted ore deposits in British Columbia because it is not hosted within volcanic rocks. The intrusive part
is totally concealed, and the alteration system has restricted spatial extent due to the presence of non-porous
metasedimentary/metavolcaniclastic rocks encasing the intrusive target. The rocks encountered in the 2024
drilling at Thor exposed four types of alteration including sericitization, chloritization, carbonatization and
albitization. A fifth type of alteration (silicification accompanying sericitization) is widespread throughout
the epithermal deposit. The presence of a circular resistive body (I-1) under the epithermal deposit that is
interpreted to be an intrusive is consistent with the geochemical alteration patterns. Since I-2 has intruded
and disrupted the epithermal deposit at Thor, it indicates I-1 was the important event that formed the
epithermal deposit at Thor. The presence of garnet, albite, amphiboles and pyroxenes are indicative the host
rocks have been exposed to cont act-metamorphic alteration. Looking forward, we have some particularly
good geochemical data that can be used in conjunction with the geophysical survey program plan for the
summer of 2025. Most importantly, we have removed the land constraints around the eastern side of the
Thor project area which will enable us to put this data to work to find the source of the Thor mineralization”.
About Taranis and Thor
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Taranis Resources is a Canadian mineral exploration company . The Thor Project is in southeast British
Columbia. Taranis has completed upwards of 250 drill holes , linking all previously known mines into a
single, near-surface epithermal deposit that has been recently updated into an NI 43-101 Mineral Resource
Estimate (see Taranis News Release dated April 11, 2024). In the summer of 2024, Taranis initiated deep
drilling aimed at finding the source of the 2 km long epithermal deposit.
Quality Control and Laboratory Methods
All samples for the Thor project were securely delivered to Actlabs in Kamloops, British Columbia.
Analytical work was completed both at the Kamloops and Ancaster, Ontario locations. Actlabs is ISO 17025
accredited. Taranis completed two types of geochemical analysis on the drill core.
The first of these was for major oxide geochemistry and quantitative graphite and carbonate determinations.
This sampling was completed systematically on drill holes to determine alteration of rock units. Major
oxides and trace elements were determined by lithium metaborate/tetraborate fusion and analysis by
Inductively Coupled Plasma (“ICP”), Optical Emission Spectrometry (“OES”) and Mass Spectrometry
(“MS”). Graphite and Carbonate determinations were made using Infrared (“IR”) Spectrometry.
Secondly, 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.
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 operat es in British Columbia under Firm Permit Number 1002256. Mr. Gardiner
has reviewed and approved the comments contained within this News Release.
Taranis currently ha s 100,348,854 shares issued and outstanding ( 113,827,227 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
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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 ac tual results may differ
materially from expected results.
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