Taranis Reports Further Exploration Results from the Horton Prospect at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Reports Further Exploration Results from the Horton Prospect at Thor
Estes Park, Colorado, December 19th, 2023 – Taranis Resources Inc. (“Taranis” or the “Company”)
[TSX.V: TRO, OTCQB: TNREF] is pleased to provide further exploration results on the Horton exploration
target at Thor. Exploration work in this area included further boulder sampling, stream sediment, and ground
electromagnetic surveys. The initial boulder sampling in this area is discussed in a News Release
(November 6, 2023).
Horton has attracted attention by Taranis because it lies west of the known epithermal trend, and this would
suggest that the deposit is not confined to the known epithermal deposit. A map highlighting the 2023 results
from the Horton Target accompanies this New s Release , and can also be found on the website at:
https://www.jjgmining.com/uploads/2/7/0/2/27029932/horton_final_map.jpg
Additional Mineralized Boulders at Horton
Analytical results from surface prospecting found at Horton are shown in the table below. These float
samples contain minor levels of pyrite, and several contain appreciable levels of silver and gold. Antimony,
silver, gold, copper, lead and zinc accompany the samples with high precious metal content. Tetrahedrite
can be identified in samples with high silver content.
Additional 2023 Horton Sample Analyses
(Surface Mineralized Boulders)
Sample
No.
Rock Description Au
(g/t)
Ag
(g/t)
Cd
(ppm)
Cu
(%)
Pb
(%)
Zn
(%)
Sb
(%)
S
(%)
3241351 Qtz-carbonate vein, vuggy
FeOx
0.05 bdl bdl tr tr tr tr 0.05
3241352 Gossan, greywacke with
qtz stringers, FeOx,
tetrahedrite
1.24 853.0 10.1 0.42 8.89 0.83 0.39 2.51
3241353 Qtz-sediment Breccia, mn
pyrite
0.05 1.6 bdl tr 0.02 tr tr 0.81
3241354 White qtz, highly altered
wall rock fragments
0.04 1.2 bdl tr tr tr tr 0.04
3241355 Fine-grained pyrite in FeOx
Quartz
0.26 0.5 bdl tr tr tr tr 2.59
3241356 White qtz, FeOx styolitic
stringers
0.67 3.4 1 0.05 0.07 0.08 tr 0.09
3241357 Vuggy FeOx SIF-type
boxwork, 'frothy'
6.44 286.0 1.9 0.13 0.03 0.02 0.80 1.92
3241358 Massive white qtz, mn
FeOx
0.02 0.9 bdl tr tr tr tr 0.01
3241359 Massive Qtz, FeOx 0.02 0.5 bdl tr tr tr tr bdl
3241360 White qtz, manganese
oxide
0.01 bdl bdl tr tr tr tr bdl
D923785 Qtz Breccia with pyritized
sediment clasts
0.03 4.8 19.1 tr tr 0.30 0.00 0.55
D923786 Qtz Breccia with highly
altered sedimentary
fragments
0.15 bdl bdl tr tr tr tr 0.01
‘bdl’ – below detection limit
Stream Sediments and VLF Surveys
A series of eight stream sediments were taken from the area, and the easternmost two samples show elevated
silver, gold, lead, zinc, copper and antimony. The western six samples are not anomalous and indicate the
source of the boulder samples is confined to a small area . The anomalous stream sediment samples also
overlap the mineralized bo ulder field. A Very Low Frequency (“V LF”) electromagnetic survey shows
several conductive anomalies within the Horton target that warrant investigation in 2024. A feature of
geological interest that can be identified on both lidar and orthophoto images are two concentric circular
features that have a close spatial relationship to the mineralized float samples. It is unknown why these
circular features exist, but possible explanations include an underlying breccia pipe or buried intrusive
feature.
Comment
John Gardiner, President and CEO of Taranis comments, “Taranis will aggressively explore Horton in 2024
and seek to locate the bedrock source of the mineralized boulders discovered in 2023. The high gold and
silver content relative to the Thor epithermal d eposit, and the possibility of finding a previously unknown
area of mineralization related to the Thor deposit make this an important exploration target. It is noteworthy
that on the east side of the main Horton feature, the main Thor deposit has four stac ked portions of the
deposit including the Great Northern Upper and Lower Zones, and 44 Upper and Lower Zones that are
suggestive of a nearby source for mineralization. This may in fact be a deeper intrusive body that is
evidenced on airborne MT data, and i s planned to be tested in the deep drilling program currently being
permitted”.
Quality Control
Sampling and collection of samples was undertaken and completed by John Gardiner. Float samples from
the Thor Project were shipped to ALS Geochemistry (“ALS”) Kamloops for preparation. Analyses are
completed by ALS in Vancouver, which is accredited to ISO/IEC 17025:2017 general requirements for the
competence of testing and calibration laboratories. Gold is determined using a one-tonne fire assay method,
with a n atomic absorption finish. Silver content is determined using Inductively Coupled Plasma
Spectroscopy (“ICP”), and in cases where silver content exceeds 100 ppm, samples are gravimetrically
reanalyzed where over limits are required. The content of other metals is also determined using ICP, and in
cases where the metal content exceeds analytical limits, the sample is analyzed using ICP with a different
set of calibration standards.
Qualified Person
Exploration activities at Thor were overseen by John Ga rdiner (P. Geo.), who is a Qualified Person under
the meaning of Canadian National Instrument 43-101. Mr. Gardiner is responsible for, and approves of the
technical content in this News Release. John Gardiner is a principal of John J. Gardiner & Associates, LLC
which operates in British Columbia under Firm Permit Number 1002256.
For additional information on Taranis or its 100% -owned Thor project in British Columbia, visit
www.taranisresources.com
Taranis currently has 94,587,027 shares issued and outstanding (109,262,027 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 actual results may di ffer
materially from expected results.