Taranis Secures Permit to Drill Ridge Target, Advances 10,000 tonne Bulk Sample Mining Permit Application
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Secures Permit to Drill Ridge Target, Advances 10,000 tonne Bulk
Sample Mining Permit Application
Estes Park, Colorado, January 20, 2020 – Taranis Resources Inc. ( “Taranis”) [TSX.V: TRO ,
OTCQB: TNREF] is pleased to announce that it has received a permit to drill high-value
exploration targets associated with the polymetallic mineral resource at its 100%-owned Thor
property located near Trout Lake, British Columbia.
Ridge Drilling Target and Drilling Permit
Taranis has identifie d, modeled, and prioritized an area of known, outcropping mineralization
that extends at least 1.2 km to the north of the existing deposit. In March of 2019, Taranis’
permitting team filed a Notice of Work application to construct and drill relatively deep holes
from drill sites on a major topographic feature known as Thor’s Ridge. The program is designed
to follow t he Thor deposit to the northwest. The NOW also included a proposal to test several
targets towards the south end of the True Fissure portion of the deposit that are not presently
included in the substantial resource calculation.
With the gra nting of the N otice of Work permit, Taranis is poised to make major strides in
outlining the extent of the ore body at Thor. Mineralization under Thor’s Ridge has long been
theorized but has never been drill tested; Taranis’ drill permits cover the entire strike length (1.5
km) of the new target.
Thor 10,000 tonne Bulk Sample Metallurgical Application
Taranis has recently furnished the British Columbia Ministry of Energy, Mines and Petroleum
Resources (“MEMPR”) with several reports contributing to Technical Review of the 10,000
tonne bulk sample application including an independent engineering assessment of the proposed
water treatment plant, and an Archeological Overview Assessment . Later this week, a benthic
invertebrate fauna study of True Fissure, Broadview and Ferguson Creeks will also be submitted
that was performed in September 2019.
Technical Review for Joint Environmental/Mines Act “JEMA” permits are typically expected to
take 60 days per MEMPR; current review for the 10,000 tonne bulk sample has taken more than
120 days. Taranis’ Qualified Persons and permitting team are working diligently to ensure that
the review is completed punctually and with consideration to the scale of the project. Taranis and
its Qualified Persons are satisfied that these reports, in tandem with the Joint Application
document, create a compelling and well -supported rationale for the project . Mine permitting
standards in British Columbia have evolved to require extensive preliminary data, and execution
of the bulk sample is a major step forward in collecting important data to make Thor into a safe,
environmentally conscious commercial mining operation.
John Gardiner , CEO, remarks: “…this is an exciting project for Taranis and for this area of
British Columbia, as it tests gravity pre-concentration as a means of processing polymetallic ores
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at Thor. The approach minimizes environmental impact, and in addition will clean -up the impact
of several pre-existing stockpiles that remain o n surface. Information from the operation of this
plant would be used in a mining feasibility study of mining the main deposit at Thor . It’s a win-
win for everyone”.
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 has a clear growth strategy that involves the
ongoing growth of the mineral Resource at Thor, and commercial mining of th e deposit . For
additional information on Taranis or its Thor project, please visit our website at
www.taranisresources.com.
Taranis currently has 71,074,500 shares issued and outstanding ( 82,733,266 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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