Taranis Issued Exploration Permit That Will Allow Efficient Drilling of Intrusive Target from Main Access Road at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Issued Exploration Permit That Will Allow Efficient Drilling of Intrusive Target from
Main Access Road at Thor
Estes Park, Colorado, June 9th, 2025 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing an update on exploration activities at Thor. These updates pertain to
ongoing engineering work associated with Taranis’ permitted 10,000t Bulk Sample, a Notice of Work
(“NoW”) permit associated with deep drilling of the I-1 and Z-900/1300 geophysical targets, and ongoing
geological/geochemical exploration activity aimed at understanding the geology at Thor.
2025-01 NoW Permit Issued
Taranis acquired more property near the I-1 and Z-900-1300 exploration targets after 2024 diamond drilling
revealed intrusive rocks and widespread propylitic alteration associated with a suspected deeply buried
intrusive body named I-1. The analysis of 2024 exploration data suggested drilling from Thor's main access
road was much preferable to drilling from the top of Broadview Mountain . The new NoW Permit (2025 -
01) which was issued on June 5, 2025 has a duration of 5 years and will allow this drilling to take place
from the main access road
10,000t Bulk Sample Update
Novus Engineering (“Novus”) is nearing completion of an Operating Expen diture (“OPEX”) and Capital
Expenditure ( “CAPEX”) assessment for the permitted Bulk Sample at Thor. Gekko Systems (Ballarat,
Australia) and other B.C-based engineering/contracting firms were engaged by Novus to provide budgetary
cost estimates for construction and operation of the plant. The 10,000t Bulk Sample will provide crucial
hard data related to the range of possible metallurgical recoveries of both precious and critical minerals
from the Thor deposit using onsite gravity p re-concentration. The Thor deposit contains many valuable
critical minerals, including but not restricted to : copper, indium, zinc, and antimony , in addition to the
valuable precious metals (silver and gold) found in the epithermal deposit.
Novus has also contacted the Ministry of Critical Minerals in Cranbrook (“MCM”) to provide an initial
review of the Bulk Sampling project, and to help coordinate consultation moving forward with First Nations
and local communities. Similarly, in light of the substantial financial commitment required to undertake the
bulk sampling project and prior experiences with the ministry, Taranis wrote the Honourable Jagrup Brar,
Minister of MCM in March of 2025, asking government to advise if it has any inherent concerns or
reservations with a mineral development project at our Trout Lake location proceeding to a full mining
operation. To date Taranis has not received any response indicating any such concern.
Site Specific and Regional Exploration
Taranis has been investigating a number of exploration undertakings that could provide added value to the
Thor deposit. Most conventional porphyry exploration programs are undertaken in the interior of British
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Columbia where the porphyry deposits themselves are ho sted within volcanic rocks. At Thor, Taranis has
found evidence of an underlying intrusive that is hosted within a series of much older metasedimentary and
metavolcaniclastic rocks. Classic volcanic-hosted porphyry alteration models and their affiliated
mineralogy differ significantly from the geologic environment found at Thor. Evidence of this can be seen
at the nearby Max -molybdenum porphyry deposit where hydrothermal alteration associated with a
Cretaceous-age porphyry body is developed entirely within metasedimentary rocks described as ‘skarn’ that
includes garnet, diopside and other minerals formed in the host rocks. Taranis has been able to document
the presence of a large propylitic alteration shell at Thor that will be drill-tested using the new NoW permit,
and drilling has also indicated the presence of an inner phyllic and potassic alteration assemblage.
The Company is planning to undertake systematic X-Ray Fluorescence (“XRF”) studies on the existing drill
core at Thor that will enable it to further quantify alteration both in the epithermal deposit and in the
underlying intrusive rocks . XRF c ould aid in understanding the link between the existing near surface
epithermal deposit and the underlying I-1 and Z-900/1300 targets. This program will also include
systematic photography of all of the old drill core, and the movement of the drill core from the property to
a storage facility in order to advance development of the bulk sampling plant.
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.
Taranis currently ha s 100,348,794 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
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.