Taranis Produces Gold Gravity Concentrates at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Produces Gold Gravity Concentrates at Thor
Estes Park , Colorado, February 20, 2018 – Taranis Resources Inc. (“Taranis” or the
“Company) [TSX.V: TRO] is pleased to update activity related to its 100%-owned Thor project.
Gold Concentrate Upgrading from Gold Pilot Plant
Met-Solve Laboratories Inc. has provided the final results of its metallurgical test work of the
Super Concentrates and Concentrate products from the 2017 Gold Pilot plant. Work consisted of
processing the field concentrates and upgrading them through a variety of methods including
sieving, re -tabling and magnetic sep aration. The products obtained during the analysis were
assayed and the gold recovered, and this enabled a mass calculation to be completed that
summarizes the overall grade of the products and the recoveries. The mass balance sheets are
posted at www.taranisresources.com
The following table summarizes the results of the Gold Mass Balance on the Super Concentrates
and Concentrate products derived from the Mt. Baker processing plant in the summer of 2017 .
Additional information is available on the website:
Gold Pilot Plant Product Mass Distribution of
Feed Material (%)
Gold
Grade
(g/t)
Super Concentrate (no upgrade tabling)
Calculated Feed Grade 100 9,398
-0.85 mm (1) 25.6 31,587
+0.85 m – 3.35 mm (2) 15.0 8,645
Total Percent of Feed Mass 40.6% 23,111
Concentrate (no upgrade tabling)
Calculated Feed Grade 100 1,729
-0.85 mm fine shaking table concentrate (3) 10.3 9,025
+0.85 mm coarse shaking table concentrate
(4)
2.0 26,805
Total Percent of Feed Mass 12.3% 11,916
Super Concentrate
(1) - Subsequent shaker table upgrading (fine shaker table and cleaner shaker table) of the -0.85
mm fraction was able to upgrade the super -concentrate to 388,636 g/t Au . The tails were floated
and further gold was recovered.
(2) - The coarse fraction was refined over a coarse shaker table and this produced a concentrate
that grades 12,055 g/t Au.
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Concentrate
(3) - Subsequent shaker table clean up of this product produced a concentrate with 22,491 g/t Au.
(4) - The coarse fraction was refined over a shaker table and this produced a concentrate of
30,320 g/t Au in the -1.7 mm fraction.
Recovery of Gold from Remaining Concentrate Products
The remaining concentrates will be processed to remove the gangue material (black sand, quartz,
etc.) using the Met-Solve Laboratories process flow-sheet to optimize the recovery of the gold.
Other Developments
Taranis has added 102.32 hectares of mineral tenure cells to an area west of Megagossan called
the Katie Carmack claim. This covers a prospective concealed target on the west side of the Thor
Anticline north of the existing mine development property that is a potential source for a prolific
area of iron-oxide staining.
A review of historic documents on the property (HB & O Engineering feasibility report, March
1973) has shed more light on some of the high -grade gold zones at Thor. In this report, a
summary is provide d of a prospective area called the “New Showing” yielding the following
historic assays:
Sample No. Au (Oz/ton) Ag (Oz/ton) Pb (%) Zn (%)
5202 0.20 82.8 28.3 2.55
5203 0.16 51.4 28.5 4.56
5204 0.11 42.2 15.0 0.75
- These analyses have not been verified by a Taranis Qualified Person to National
Instrument 43-101 standards.
The samples were taken from what is described as a gouge -breccia that was highly mineralized.
One drill hole (DH -1, 32.6m, -450) was drilled to test the target from the northeast but failed to
hit the zone and the HB & O report concluded that the hole length was too short to intersect the
target. This area remains to be tested at depth and along strike.
Taranis has completed no drilling in this area, which it lies directly between the Gold Pit area of
high-grade mineralization located 375 m to the southeast ( see Taranis News Release date d
November 14, 2017) and the SIF outcrop 398 m to the northwest which is an area of high -grade
gold monometallic mineralization.
This discovery of historic data opens the possibility that all three of these zones are inter -
connected. It has also become evident that high -grade gold targets at Thor occur either on the
west limb of the Thor Anticline, or near the apex of the anticline suggesting that the New
Showing could in fact have a steep dip to the we st. VLF geophysical data is being reviewed that
could shed more light on this exciting discovery.
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Analytical and Metallurgical Work
All test work completed on the 2017 Gold Pilot Plant concentrate was conducted by Met-Solve
Laboratories Inc. (Langley, British Columbia) and MS Analytical, ISO certified 17025 .
Concentrate is stored at a secure site in Langley.
Qualified Person
Exploration activities at Thor were overseen by John Gardiner (P. Geol.) , who is 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 southeast British Columbia. The Company’s mandate is to recognize mineral deposits early in
the exploration cycle that can be developed through intelligent exploration and business
alliances. For additional information on Taranis or its Thor project, please visit our website at
www.taranisresources.com.
Taranis currently has 58,785,382 shares issued and outstanding ( 68,419,048 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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DEFINED IN THE POLICIES OF THE TSX VEN TURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This News Release may contain forward looking statements based on assumptions and judgments of manageme nt
regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and
actual results may differ materially from expected results.