Taranis Submits Joint Application for Mines Act & Environmental Permitting Act for 10,000 t Bulk Sample at Thor
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Submits Joint Application for Mines Act & Environmental
Permitting Act for 10,000 t Bulk Sample at Thor
Estes Park , Colorado, October 15 , 2018 – Taranis Resources Inc. (“Taranis” or the “Company ”)
[TSX.V: TRO] enthusiastically announces a major development milestone at Thor. The Company has
filed a Joint Application under the Mines Act and Environmental Management Act (the “Joint
Application”) with the Ministry of Energy and Mines . Approval of the Joint Application will position
Taranis to become the next producing mine in the Kootenay area of British Columbia , and unique in the
application of on-site ore concentration in Western Canada.
The Joint Application outlines detailed plans to construct a processing facility onsite that will pre-
concentrate polymetallic ore from the Resource. Pre-concentration of ore drastically reduce s the amount
of material that must be transported from the mine site for subsequent upgrading. High-grade concentrates
will be processed at a hydrometallurgical plant for further upgrading before being sent to a smelter for
refining. The concentrate will contain silver, gold, lead, zinc, copper and indium. Processing 9,500 tonnes
of polymetallic ore plus 500 tonnes of monometallic gold ore are expected to yield enough valuable data
to move forward into full-scale mining at Thor.
Metallurgical testing of the polymetallic Resource has determined that it is suitable for upgrading by
gravity. Gravity concentration technologies have evolved rapidly in the past decade and ha ve unique
applicability to mining operations at Thor . The proposed f acility exhibits 9 5% conservation of water
resources and has minimal footprint on the environment.
There have been two historic operating mines at Thor , and both operations sought to fully process ore
directly on-site. Taranis has opted to take a radically different approach using new technology that
incorporates minimal infrastructure on -site. The process is also expected to have a major impact on
Resource calculation, as the system can process low-grade ore and upgrade it directly on-site.
Some key elements that have been undertaken for the Joint Application include:
Periodic water chemistry and stream sediment baseline sampling in the True Fissure and
Broadview Creek watersheds commencing in 2017.
Topographic and geophysical surveys over t he proposed location of the Millsite ( the old True
Fissure mill site).
Two years of weather station monitoring to examine long -term local weather trends that play a
role in mining and engineering operations.
Extensive metallurgical and environmental testin g of ore from two available stockpiles on the
property that will be processed in the gravity separation plant.
Engineering considerations of design and plant site location selection and water management.
Engineering design of on-site storage facilities for waste rock.
2
John Gardiner, President and CEO of Taranis Resources Inc. states “ The Joint Application is a major
milestone at Thor for all of our shareholders. As a n exploration and mining company that values
forbearance and responsible development, we have taken steps to formulate a plan that will see successful
commercial development of Thor . While the bar is set very high for mine development in British
Columbia, the Joint Application that we have designed is a very thorough and well thought-out plan that
is data driven. Since acquiring the property in 2006, we have advanced Thor to a point where it now has
over 250 drill holes and it is our hope that we will start producing valuable mineral concentrates with the
successful implementation of the Joint Application and its successors”.
Qualified Person
Exploration activities at Thor were overseen by John Gardiner (P. Geol.), who is a Qualified Person under
the meaning of Canadian National Instrument 43-101.
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’s mandate is to recognize mineral deposits early in the
exploration cycle that can be developed through intelligent exploration and business alliances. For
additional information on Taranis or its Thor project, please visit our website at
www.taranisresources.com.
Taranis currently has 64,113,067 shares is sued and outstanding ( 77,946,733 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
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.