Taranis Outlines Four High-Priority Targets Around Thor and Thirty Prospects and Old Mines Located within 6,470 Ha Property
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Outlines Four High-Priority Targets Around Thor and Thirty Prospects and Old Mines
Located within 6,470 Ha Property
Estes Park, Colorado, June 2, 2026 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is updating its exploration targeting at Thor and the larger Silver Cup Mining
District Property. The Company has finalized four outstanding drill tar gets around the Thor epithermal
deposit based on multiple sources of data. In addition to this, it is compiling a regional exploration map of
the 6,469.6 Ha expanded property and upwards of 30 old prospects, mines and mineral occurrences that
have only received minor exploration in the last 100 years.
Four High-Priority Drill Targets Immediately Around Thor Deposit
A series of videos are currently being produced and will be posted on the website that provide an overview
of four high-priority drill targets: Ram, Borr, One O’Clock and Nortran . These targets are derived using
geology, geophysics, geochemistry, lidar and satellite imagery. Taranis has conducted a detailed review of
British Columbia A ssessment files (“Minfile”) and integrated some of this data into its extensive
exploration database.
The following table summarizes these targets:
Target Area
Location Relative to Existing Thor NI
43-101 Mineral Resource
Highlights
Nortran West Series of unexplored aerial EM conductors and apparent
source of Horton boulders and Mega Gossan. Downfaulted
west extension of Thor deposit.
Ram Northwest, over Thor’s Ridge and north
of the Thunder Zone
Soil and Till Samples with extremely anomalous levels of
silver northwest of Thunder Zone originating from a
rockslide.
Borr Zone East of the Thor deposit and Thor
Lamprophyre Dyke.
Discovered in 2025, and first documented intercepts on east
side of Thor Lamprophyre Dyke . Probable continuation of
main Thor deposit downdip to the northeast.
One O’Clock East of the Thor Deposit under True
Fissure Creek
3D modeling suggests that this could be the source for the
entire Thor epithermal deposit, and target consists of MT
apparent conductivity anomalies along northeast edge of
large intrusive body.
Over Thirty Old Prospects and Mines Within the 6, 469.6 Ha Expanded Property And Their
Relationship to two Separate Trends
Taranis has also completed its compilation and analysis of the 30+ mineral occurrences that occur within
the 6,469.6 Ha expanded property position . Review of this data has relied on the review of Minfile data.
One of the unexpected findings of this data shows that Mineral Occurrences a t the expanded Silver Cup
Property fall into two main geological trends. There is a map that shows this at www.taranisresources.com
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The Thor Epithermal Deposit Trend are epithermal deposits characteristically rich in silver, gold and
base metals that are associated with structures along the overturned Silver Cup Anticline. East of Ferguson
Creek, these deposits lie near the apex of the Silver Cup Anticline, on the Sharon Creek/Broadview
Formation contact. West of Ferguson Creek, the Thor epithermal deposit lies over the apex of the Silver
Cup Anticline, but in contrast to those east of Ferguson Creek, it is found well up in the stratigraphic
succession of the Broadview Formation. It is noteworthy that the Thor Epithermal Deposit Trend occurs at
the northwest end of a separate lamprophyre dyke system that is visible on the aeromagnetic compilation
map. This suggests that the major hydrothermal structures that created the epithermal deposits in the Silver
Cup Mining District were subsequently intruded by lamprophyre rocks shortly after the formation of the
epithermal deposits. This is also documented at Thor where the lamprophyre dyke intruded the sheeted
epithermal deposit, splitting it into two halves.
The Thor Lamprophyre Trend has only become known to Taranis with the drilling of the intrusive body
at Thor. Many of the Mineral Occurrences that are associated with this intrusive trend are also extremely
high in gold and silver content . These deposits/minera l occurrences are distinct from those in the Thor
Epithermal Trend owing to the presence of magnetite and fuchsite. The occurrence of fuchsite is derived
from the alteration of ultramafic intrusive rocks that are high in chromium and magnesium , and the ever-
present magnetite makes this intrusive easily detectable on airborne magnetic surveys . The Thor
Lamprophyre Trend was discovered after Taranis combined a number of high-resolution old aeromagnetic
surveys with historic mines and prospects.
The following table summarizes the known mineral occurrences within the expanded Thor 6,469.6 Ha
Property.
Table of Prospects and Mines within the Thor 6,300 Ha Extended Property Covered by Taranis Mineral Tenures
IXL* Slash Brow Ramble Parrsboro
Katinka* Abrahamsom Florence Tonowanda Black Eagle
Baltimore Bruce Black Eagle Sharon/Old Reliable Bruce
GYP* Ferguson Fe-Au Canadian California Jumbo
Nettie L* Gus Gold Bug Copper Queen Kootenay
Ajax* Ravine Canadian Boy Mega Gossan Moly
New Zone Copper Sunset
*-Additional third-party land-ownership known at these mineral occurrences
Taranis will also post a video on its website that shows the location and highlights at each of these mineral
occurrences.
CEO Comments
Taranis has identified four high priority drill targets immediately adjoining the known NI 43 -101 Mineral
Resource. Successful exploration at any of these permitted targets has the potential to increase the size of
the known Mineral Resource substantially.
Taranis’ in-depth knowledge of the Thor epithermal deposit (250 drill holes ) has also provided valuable
context for the numerous mineral occurrences and mines within the expanded 6,469.6 Ha property. Thor
lies at the juncture of where the Thor Lamprophyre Trend intersects the Thor Epithermal Deposit Trend,
and also well up the stratigraphic succession from where the other important mines in the area occur. This
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provides convincing evidence that the Thor deposit extends at great depth to the Sharo n Creek/Broadview
Formation contact located deep under the existing deposit.
Qualified Person
Exploration activities at Thor are 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.
Mr. Gardiner has reviewed and approved of the information contained within this News Release.
Taranis currently ha s 103,739,487 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
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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