Taranis Restarts Exploration Activities at Thor After Wildfire
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Restarts Exploration Activities at Thor After Wildfire
Estes Park, Colorado, July 29th, 2024 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing an update on the 2024 exploration program at Thor.
A large wildfire that burned through the entire Thor epithermal deposit has subsided to a point where
exploration activities can be reinitiated on a limited basis. The wildfire caused significant damage to trees
and other vegetation in the area, and roughl y 75% of the core part of the Thor epithermal deposit was
burned.
The Company anticipates that drilling activities will restart Tuesday, once the areas where the drills are
located are secured. The prime risk at this point is from falling trees, and to mi tigate this concern an
excavator was mobilized to the site to knock burned trees down and remove trees from some of the main
access roads.
Despite the ferocity of the wildfire, none of Taranis’ core infrastructure was damaged onsite. The core
library, exp loration camp and bridges constructed last summer were unaffected . One exploration drill
obtained fire damage, but repairs are almost complete, and it is expected to be up and running today.
The B.C. wildfire service estimated the size of the burn six days ago at 596 Hectares. The affected area is
being monitored daily by the government , and B.C. wildfire personnel have been extinguishing hotspots
along the main access road to Thor. Taranis would like to thank the B.C. wildfire service for all its hard
work monitoring and combating the fires in the Trout Lake area, and an Evacuation Alert remains in effect
from July 23 that underscores the threat.
About Taranis and Thor
Taranis Resources is a Canadian mineral exploration company . The Thor Project is in southeast British
Columbia and is comprised of 3,807 hectares of Mineral Tenures and 27 Crown Grant titles to precious and
base minerals, many of which include surface rights . Taranis has completed upwards of 250 drill holes ,
linking all previously known mi nes into a single, near -surface epithermal deposit that has been recently
updated into an NI 43-101 Mineral Resource Estimate (see Taranis News Release dated April 11, 2024).
Qualified Person
Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under
the meaning of Canadian National Instrument 43-101. John Gardiner is a principal of John J. Gardiner &
Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner
has reviewed and approved the comments contained within this News Release.
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For additional information on Taranis or its 100% -owned Thor project in British Columbia, visit
www.taranisresources.com
Taranis currently ha s 98,960,915 shares issued and outstanding ( 112,009,803 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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This News Release may contain forward l ooking 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.