Taranis Resources Inc. Closes Private Placement and Begins Exploration Drilling at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Resources Inc. Closes Private Placement and Begins Exploration Drilling at
Thor
Estes Park , Colorado, August 25, 2020 – Taranis Resources Inc. ( “Taranis” or the “Company” )
[TSX.V: TRO] announces the closing of the private placement announced on July 6, 2020. The private
placement consisted of the sale of 2,520,000 flow -through units at a price of $0.10 each, for gross
proceeds of $252,000. Each flow -through unit consisted of one flow -through common share and one
share purchase warrant, with each warrant entitling the holder to purchas e one additional flow -through
common share at a price of $0.15 until August 25, 2022. All securities issued pursuant to the closing of
the private p lacement, including any shares that may be issued pursuant to the exercise of the share
purchase warrants, are subject to a hold period in Canada until December 26, 2020.
Taranis is also pleased to announce that it has initiated drilling at its 100% owned high-grade, Thor silver-
gold-base metal deposit in southeastern British Columbia.
This exploration is a staged drilling, road, and bridge-building program. The initial phase involves limited
infill drilling south of the True Fissure open pit and deep -drilling on the Ridge Target that is required
prior to updating the NI 43 -101 Resource. The largest phase incudes road and bridge building to access
the Ridge Target northwest of the known de posit. Deep drilling in this area under Thor’s ridge will seek
to expand the deposit to the northwest.
True Fissure / Great Northern Overlap
Several drill setups will be completed in an area south of the True Fissure Open Pit in an area where the
True Fissure deposit overlaps the Great Northern deposit. This drilling will provide data to correctly
model the deposit for future NI 43 -101 Resource definition. This area is an important region in the Thor
deposit since typically high-grade gold zones are found in the transition between different zones/deposits.
Ridge Target
A series of bridges and trails are required to access the Ridge Target north west of the Blue Bell Mine, and
these have already been permitted and bonded . Taranis has engaged an engineering firm to prepare
documents required before installing the bridges. These bridges will be temporary in nature and can be
removed at the end of the 5 year permit period. Once Taranis h as received approval from EMPR for the
bridges, Taranis will install the bridges and complete the road infrastructure required to drill the Ridge
Target. Depending on the timelines, Taranis should be able to complete some deep drill holes on this
exciting target.
About Taranis Resources Inc.
For additional information on Taranis or its 100% -owned Thor project in British Columbia, visit
www.taranisresources.com
Taranis currently has 73,594,500 shares is sued and outstanding ( 87,123,266 shares on a fully -diluted
basis).
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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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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 differ
materially from expected results.