Taranis Samples up to 6.7 g/t Gold in Gossanous Seeps Underneath Ferguson Rockslide, 2 km Southeast of Southernmost NI 43-101 Mineralization at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Samples up to 6.7 g/t Gold in Gossanous Seeps Underneath Ferguson Rockslide, 2 km
Southeast of Southernmost NI 43-101 Mineralization at Thor
Estes Park, Colorado, November 25th, 2025 – Taranis Resources Inc. (“Taranis” or the “Company”)
[TSX.V:TRO, OTCQB:TNREF] is providing an update on exploration activities at Thor. The Company is
engaged in efforts to expand the Thor epithermal deposit beyond the boundaries of the published Mineral
Resource. The results discussed here specifically relate to an area south of the Broadview Mine, extending
towards the village of Ferguson.
Rockslides at Thor and Their Importance to Exploration
One of the disciplines where incredible progress has been made at Thor in the past several years is in the
identification of rockslides adjacent to and directly on top of the Thor mineral deposit. Due to the rugged
topography around Thor, geologically-recent debris flows are known to have disrupted and, in some cases,
covered areas of economically significant mineralization. The original discovery of rockslides was made at
the Thunder Zone at the north end of the Thor deposit, where a rockslide moved down the southeast side of
Thor’s Ridge, concealing a previously unknown part of the Thor deposit which now forms part of the NI
43-101 Mineral Resource. Taranis has developed a unique method for exploring these areas, involving the
use of LIDAR, geochemical sampling, and specialized drilling. A diagram showing the Ferguson Rockslide
in relation to the south end of the Thor deposit accompanies this News Release. Additional photographs can
be found at www.taranisresources.com.
Ferguson Rockslide
A volumetrically massive, and previously unrecognized rockslide has been found on the south end of the
Thor deposit. Investigation of this area in 2025 was initiated after a large number of gossanous seeps
appeared along the main access road to Thor. Although smaller gossanous seeps were noted along the access
road in prior years, the summer of 2025 saw a radical increase in the number of iron-rich seeps along an
835m length of the road. The suspected cause of the increase in the number of seeps is the 2024 wildfire
that removed much of the vegetation from the landslide area.
The Ferguson Rockslide extends to the south-southeast from Broadview Mountain, and has a length of 2.3
km and width of 0.8 km. For comparative purposes, this volume of material could easily cover and conceal
the known Thor epithermal deposit with room to spare. LIDAR imagery that has been processed to remove
vegetation features demonstrate s that the rockslide exhibi ts key characteristics of a typical rockslide,
including crown, transverse cracks, and toe. What is impressive about the Ferguson Rockslide is the size of
the feature, representing several hundred million tonnes of rock that have moved down hill towards the
village of Ferguson.
Geochemical Sampling
2
While rockslides are an exploration hindrance in the sense that they can badly complicate surface
prospecting, they are also worthy of extra consideration in mature exploration terranes as they can conceal
undiscovered deposits. Taranis’ experience with these mass-wasting features has also shown that surface of
separation (decollement) at the base of the rockslides is important because it usually directly overlies hard,
resistant weathering rocks that host epithermal mineralization at Thor.
Geochemical sampling of the Ferguson Rockslide was undertaken from a number of gossanous seeps along
the main Thor access road, and from a number of streams that exploit longitudinal cracks extending the
length of the rockslide. Sampling of colluvium was also undertaken upslope of drill hole Thor-255. This
sampling revealed two areas of highly anomalous gold content accompanied by high levels of geochemical
silver in the Ferguson Rockslide and an area of elevated gold in soils 0.5 km northwest of the Borr Zone
discovered in Thor-255 (See Taranis News Release dated 10/27/2025).
The following table summarizes the most important samples from the Ferguson and Borr areas:
Sample
Number
Au (g/t) Ag (g/t) Sample Media Feature Location Location
(UTM Zone
11N WGS84)
X-1 6.690 2.45 Gossanous Seep Lower Ferguson Rockslide 466277E, 5614331N
X-2 1.730 0.743 Gossanous Seep Ferguson Rockslide 466274E, 5614316N
X-19 0.748 0.454 Colluvium Sediment North Borr Zone 466347E, 5616284N
X-20 0.236 0.571 Colluvium Sediment North Borr Zone 466344E, 5616293N
X-23 0.395 0.424 Stream Sediment Middle Ferguson Rockslide 466274E, 5614906N
Comments
Exploration around the east and south sides of the known Thor deposit has led to the discovery of the Borr
Zone 1.4 km southeast of the known deposit in drilling, and the discovery of a large rockslide south of
Broadview that extends to the Village of Ferguson. Anomalous gold has been found in gossanous seeps up
to 6.7 g/t Au at the toe of the Ferguson Landslide, and this suggests there is potential to find a large, gold-
bearing epithermal deposit under the feature. The technology used to identify these types of exploration
targets was simply not available when exploration and mining were last active in the Silver Cup mining
district.
Additionally, highly anomalous gold samples were found in an area uphill of Thor -255, suggesting a
northwest extension of the previously discovered Borr Zone located 500m southeast in drill Hole Thor-256.
This is another area that is covered by colluvium t hat has moved downhole, and the presence of gold and
other pathfinder metals is strongly suggestive of a mineralized bedrock source uphill of hole Thor-255.
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 the principal of John J. Gardiner &
Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner is
the President and CEO of Taranis Resources Inc. and has reviewed and approved the comments contained
within this News Release.
3
Quality Control and Laboratory Methods
All samples for the Thor project were securely delivered to Act labs in Kamloops, British Columbia.
Analytical work was completed both at the Kamloops, and Ancaster, Ontario locations. Actlabs is ISO
17025 accredited.
Gossanous seep material is collected in the field in kraft sample bags and allowed to dry at room temperature
to remove excess water before being transferred to the laboratory. Stream sediment samples are collected
in the field after being sieved and removing oversize material , and placed into kraft sampling bags and
allowed to dry at room temperature prior to processing . Colluvium sampling is essentiall y soil sampling,
and the samples are processed in the same fashion as stream sediments, but do not require drying. Analytical
work at Actlabs was completed using aqua regia digestion followed by inductively coupled plasma - mass
spectrometry analysis (‘Ultratrace 1’).
Taranis currently ha s 102,421,487 shares issued and outstanding ( 119,972,613 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 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.
4