Taranis Outlines Potential Source of Thor Deposit, and Details Additional Zones at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Outlines Potential Source of Thor Deposit, and Details Additional
Zones at Thor
Estes Park, Colorado, February 11, 2020 – Taranis Resources Inc. (“Taranis”) [TSX.V: TRO,
OTCQB: TNREF] is excited to present some of the recent developments from computer
modeling at its Thor property in the Trout Lake area of southeastern British Co lumbia that have
yielded some major surprises. This modeling only became possible after completion of the 2019
LiDar survey that was able to provide precise elevation control to the extensive drill hole,
geophysical, and historical information. Th e results are summarized in greater detail at
www.taranisresources.com, and includes highly informative images from the modeling.
‘Intrusive Target’ – Geophysical inversion modeling of a large positive magnetic featu re has
detailed a potential buried intrusive target at depth and to the east and down-dip of the existing
Thor deposit. This feature measures approximately 2 km in strike length, 700 m in width and is
buried at a depth of about 500 m below surface. The mai n Thor Fault Zone that hosts the Thor
deposit extends into the apical portion of the buried intrusive target. The Thor Fault Zone is now
interpreted to be a conduit through which hydrothermal fluids escaped from the ‘Intrusive
Target’ and were deposited in the existing Thor deposit. Consequently, the ‘Intrusive Target’ is
now considered the source of epithermal mineralization within the Thor Fault Zone. The buried
‘Intrusive Target’ is perhaps the most important exploration target at Thor outside of the Rid ge
Target, as typically in any porphyry -intrusive mineral system the actual intrusive is mineralized
itself and can host very large mineral deposits.
Other Zones Within the Thor Deposit – Recent computer modeling of the mineralized zones at
Thor using the new elevation data has now conclusively shown that there are at least eleven
coherent zones located in the Thor deposit, and the geometry indicates that they are frequently
overlapping. This spatial arrangement is very typical of epithermal deposits that are hosted
within fault structures. These zones are described in more detail on the Taranis website.
John Gardiner, Taranis CEO states “In porphyry -epithermal mineral systems, there is typically a
source, fluid pathway and depositional site. The existing Thor deposit at surface occurs within
the epithermal part of this system. Based on the modeling, we are now starting to view this as the
distal expression of a potentially mineralized porphyry system at depth. There is considerable
data to support this int erpretation including zonation of metals within the Thor deposit,
mineralized porphyry intersected in 2018 drilling in an area over the ‘Intrusive Target’, and very
wide-scale sericite alteration intersected in deep drill holes over the ‘Intrus ive Target’ (drill hole
Thor-74 intersected 1,000 m of intensely altered rock now known to be ammonium -illite
alteration). The most compelling piece of information however is the spatial distribution of the
existing Thor deposit showing its geometry around this buried intrusive target.”
Mr. Gardiner goes on to state “The Trout Lake area is known for intrusive-hosted mineralization
(Max molybdenum deposit that occurs 8 km southwest of Thor ) and our modeling suggests that
Thor itself, and perhaps some of the larger prec ious/base metal deposits in this area , may be
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related to deeper intrusive (porphyry) bodies that could themselves be mineralized. If this is the
case, it opens a new horizon for exploration at Thor.”
Qualified Person
Exploration and modeling on the Thor property were overseen by John Gardiner (P. Geol.), a
Qualified Person under the meaning of Canadian National Instrument 43-101.
About Taranis Resources Inc.
Taranis is an exploration company focused on the development of its 100% -owned Thor project
in sout heast 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 71,074,500 shares issued and outstanding ( 82,733,266 shares on a fully -
diluted basis).
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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