Taranis to Explore New Properties East of Thor Mineral Resource
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis to Explore New Properties East of Thor Mineral Resource
Estes Park, Colorado, June 2 4, 2025 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF] is providing an update on planned exploration in the Silver Cup Mining District
of southeastern British Columbia. Having substantially completed the consolidation of historica l
exploration data, the Company will use its Thor deposit as a guide to expand the project into a district-scale
exploration opportunity.
After more than a century of mining and exploration in the Silver Cup Mining District, Taranis believes it
may be the first exploration company to have identified the genetic origins of the area’s historic mines. The
Company has found a close, repeated association between historically significant mineral deposits and a
previously unrecognized, undocumented intrusive rock unit: a series of lamprophyre dykes extending north-
northwest through the entire district.
Taranis recently acquired numerous Mineral Tenures adjacent to the Thor Mineral Resource, covering 11
kilometers of highly prospective geology including the lamprophyre dyke system (see Taranis News
Release dated 01/20/2025). Historical records show at least eight prospects and mines along the margins of
the Thor Lamprophyre dyke system within the Company’s new tenures. Taranis plans to test the apparent
association between mineralization and lamprophyre in summer 2026. If confirmed, this relationship could
support numerous new discoveries across the Silver Cup Mining District.
Taranis identified this district-defining lamprophyre dyke system through care ful and ongoing integration
of dozens of historical and recent small -scale exploration reports into a single coherent database, and by
building on its intricate knowledge of the Thor epithermal deposit. This work has also yielded four
unexplored, high -priority exploration targets around the Thor deposit itself. These targets will require
extensive drilling in the future (Drill Targets - Thor Project - YouTube).
Identification of the Previously Unknown Lamprophyre Gold Trend
The lamprophyre intrusive – while clearly spatially associated with mineralized zones - is distinct from the
better-known epithermal trends within the Silver Cup district. The epithermal trend encompassing the Gyp,
IXL, Nettie L., and Ajax mines lies approximately 2 km northeast of the Thor lamprophyre dyke, while
Thor lies on its opposite side.
Lamprophyre dykes at Thor were first identified in 2024 during drilling of a deep geophysical
magnetotelluric anomaly. Although the dykes themselves are not known to be extensively mineralized, gold
mineralization is strongly associated with their margins, where the surrounding wall rocks are intensely
carbonatized (ankerite/siderite). These margins display distinctive mineralogy, including magnetite,
fuchsite, garnet, and chlorite. Near the Thor epithermal resource, dyke margins have returned highly
2
anomalous gold geochemical values across significant widths (>33 m) in areas with elevated carbonate and
fuchsite.
Downhole analysis of 2025 drill holes intersecting the Thor Lamprophyre dyke indicates that it is typically
highly magnetic, depleted in silica , and enriched in magnesium, potassium, and Fe 2O3. Together with
downhole magnetic susceptibility measurements, these results show that the lamprophyre dykes can be
readily traced using airborne magnetic surveys. Taranis’ compilation work has stitched seve ral
aeromagnetic surveys together and successfully traced the lamprophyre dyke system across each, forming
the basis of the expanded 2026 exploration program.
3
Mineral Occurrences Associated with the Thor Lamprophyre Dyke
Airborne magnetic data and known mineral occurrences show that nearly all identified occurrences lie on
the southwest side of the Thor Lamprophyre Dyke (see accompanying figure). These include historical drill
holes, rock samples, and soil samples indicating the dyke margin is highly pros pective for gold
mineralization along much, and potentially all, of its 11 km length. The occurrences are summarized below
from northwest to southeast and are also shown in the figure accompanying this News Release.
Table 1 – Mineral Occurrences In the 11km long Thor Lamprophyre Trend
Mineral Occurrence Name
and Date of Discovery/Most
Recent Work
Description/Highlights Distance Southeast
of Thor (km)
Thor Deposit (1895-2025) NI 43-101 Mineral Resource with well-documented gold content. Deep drilling has
returned highly anomalous gold values over wide intervals (Thor -246, 374.00-
407.34m) on the footwall (west side) of the lamprophyre dyke.
0
Green & Gold (2025) Surface occurrence with fuchsite on southwest edge of Thor Lamprophyre dyke
mapped in 2024 south of the Thor deposit.
2.24
Fergie North Stream Sediment
Sampling (2025)
Sampling in an a rea immediately west of “Gary’s Corner ” where the Thor
Lamprophyre Dyke is exposed along a prominent topographic feature . Stream
sediment samples returned gold values of 0.395 g/t Au (See Taranis News Release
dated November 25, 2025)
2.82
Fergie North Fe-Au Gossans
(2025)
Sampling of a large gossanous area exposed along the main access road to Thor
returned gold values of 6.69 g/t and 1.73 g/t Au in soil sampling of the iron gossan
seeps. (See Taranis News Release dated November 25, 2025).
2.24
Abrahamson (1893) * Abrahamson was the subject of intense exploration after the Crystal Showings
were discovered. The Crystal showings were described as grading 26.05 g/t gold
and 3,428 grams per tonne silver. The North Star showings produced 72.6 g/t gold
and 788 grams per tonne silver and the Queen of the Hills contained 21.94 g/t gold
and 5,246 grams per tonne silver in the late 19th century. Numerous EM anomalies.
4.24
Slash (1995) * This was explored in 1995 by Contiki Resources who defined a silver soil anomaly.
This was subsequently explored with shallow drill holes but drilling failed to
intersect bedrock. Analysis of this anomaly by Taranis indicates that it occurs in a
rockslide, and is located down slope of the Thor Lamprophyre Dyke. Numerous
airborne EM anomalies.
5.27
Gus (1984) * A single drill hole (Hole 2-7, 31.39m) was drilled near a caved adit. A 1.83m zone
was intersected from 7.01m - 8.84m that contained 10.53 g/t Au, 103 g/tonne Ag,
1.58% Pb and 1.98% Zn.
5.88
California (2022) * Prospecting and rock sampling located near the California prospect (with results
of up to 7.894 g/t Au, up to 544 g/t Ag and 22.20% Pb), the J Pit prospect (with
results up to 1.93 g/t Au and 234 g/t Ag) and additional old workings.
10.84
Note - The Company has in part relied upon historical drill results and data compiled from previous
operators, and in the above table these have marked with an asterisk (*). The Company has not
independently verified these historical core assays, drill logs, or other survey data, and they were not
completed in accordance with current NI 43 -101 and CIM Definition Standards. While the historical data
is considered relevant to guiding ongoing and future exploration programs, it should not be unduly relied
upon by investors.
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A Historic Lack of Perspective
One of the Silver Cup Mining District’s most defining features has also contributed to its long -term
underdevelopment. The district’s most successful past-producing mines were exceptionally high-grade and
located at or near surface, triggering a gold -rush pattern in which hundreds, and possibly thousands, of
individual claims were staked by companies that largely operated in competition. Collaboration was
minimal, and exploration results became highly fragmented. As Taranis’ Mineral Tenure holdings have
expanded, the need for a unified geological model has become paramount. Taranis has searched for
historical documentation of the lamprophyre system; although several parties, including the Geological
Survey of Canada, referred to a “green intrusive” , it was never meaningfully nor systematically linked to
mineralization. In Taranis’ view, the consolidated data now provides a coherent explanation for the district
and a template to find further deposits.
The Thor deposit and its NI 43-101 Mineral Resource provide an important key to identifying additional
deposits in the Silver Cup Mining District. Using aeromagnetic data, the previously unrecognized Thor
Lamprophyre intrusive dyke can be accurately projected across Taranis’ 6,400 -hectare property. The
presence of lamprophyre indicates deep-mantle melting, and b ecause lamprophyres are rich in volatiles
(water and carbon dioxide), they can serve as “plumbing systems” that transport valuable metals, including
gold and silver toward the surface. The lamprophyre provides the structural pathway and heat source, while
fuchsite marks the footprint of mineral-rich fluids that deposited metals into the surrounding rocks.
Where lamprophyre and gold occur together, the association is a recognized indicator of intrusive-related
gold systems. In 2026, Taranis plans to evaluate whether the entire 11 km intrusive dyke is receptive to
gold deposition. Together with the existing NI 43 -101 Mineral Resource and four high -priority targets
adjacent to the deposit, this makes Thor one of British Columbia’s most compelling exploration projects.
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.
Taranis currently ha s 103,739,487 shares issued and outstanding ( 122,608,613 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
5
Estes Park, Colorado 80517
Phone: (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.