Taranis Updates Exploration of South Broadview Conductivity Target and the Status of the Private
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
681 Conifer Lane
Estes Park, Colorado
80517
www.taranisresources.com
Taranis Updates Exploration of South Broadview Conductivity Target and the Status of the Private
Placement announced June 28, 2022
Estes Park, Colorado, August 11, 2022 – Taranis Resources Inc. (“Taranis” or the “Company”) [TSX.V:
TRO, OTCQB: TNREF ] has launched drilling and surface exploration campaigns on its 100% -owned
“Thor” Silver-Zinc-Gold-Lead-Copper polymetallic project in southeastern British Columbia.
Three Major Conductivity Trends
The airborne MT survey identified three major WNW-trending conductive features that emanate from the
west side of the NW -striking Elephant intrusive target, and are known as the Broadview South, Western
Deeps, and Thunder North targets. The reason for the elevated conductivity of these features is unknown,
but the ir spatial configuration suggests they are associated with large faults /intrusions that may host
significant concentrations of precious and base metals. Taranis is nearing completion of its field
investigation on the Broadview South Conductivity Target, and some of the field results are discussed
below.
Broadview South Conductivity Target
Line cutting, m agnetometer a nd V ery Low Frequency (“VLF”) surveys have been completed over the
Broadview South Conductivity feature. The results of this survey were able to identify deposits in /around
the main Broadview Mine, but the VLF survey has also identified a strong bedrock conductor to the south
of the Broadview Mine that was previously unknown. This conductor is faulted off from the main
Broadview Shaft area along a high -angle post mineral fault to the southwest 65 m. The NNW-striking
conductor then continues to the SE for at least 400 m where it merges onto the NW -striking Broadview
South MT anomaly. This area is of extreme interest to Taranis because it appears to mark the transition
from the prospective Elephant Intrusive into the well-known Thor epithermal deposit.
Geologic Mapping and Prospecting
One of the most distinctive characteristics of the Broadview South Area is a number of small hills in the
area that are underlain by weak magnetic anomalies. Contact metamorphic alteration has been identified in
the siliclastic rocks and consists of widespread hornfelsing including porphyroblasts of a mineral tentatively
identified as cordierite. This distinctive rock unit is referred to as ‘pebble dykes’ in the field by Taranis as
they consist of quartz and cordierite eyes and is believed to be related to high -temperature contact
metamorphic alteration of the Broadview Formation.
Taranis has also identified a small boulder field of ‘granitoid’ rocks but has been unable to locate the source
of the boulders. Prospecting efforts are ongoing to locate the bedrock source of the float as this would
constitute definitive evidence for an underlying intrusive at Thor. The granitoid rocks contain many
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similarities to the epithermal deposit including pronounced epidote alteration, including sphalerite that
suggest a causal link to the epithermal deposit.
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.
Status of Private Placement announced June 28, 2022
Pursuant to applicable TSX Venture Exchange policy, Taranis has received an extension until September
9, 2022 for the closing of the 2,000,000 flow -through unit private placement at a price of $0.20 per flow -
through unit originally announced on J une 28, 2022. Each flow -through unit will consist of one flow -
through share and one share purchase warrant, with each warrant to entitle the holder to purchase one non-
flow-through share at a price of $0.20 for a period of two years from closing. Further information regarding
this matter will be disseminated in due courrse.
About Taranis Resources Inc.
Taranis Resources Inc. is a well-positioned exploration company that is exploring and developing its 100%-
owned Thor precious-base metal project in British Columbia. Taranis has drilled over 250 drill holes on the
project, defining a near-surface epithermal deposit that is over 2 km long to NI 43 -101 standards . The
Company refers to the epithermal trend as the “Trunk”, invoking the anatomy of an elephant to portray the
large structures which appear to be connected at depth to the ep ithermal zones. Recent exploration work
has identified a large porphyry -type exploration target (“Elephant’s body”) underlying the epithermal
deposit which has clear links to the overlying epithermal deposit. Limited drilling of the “Elephant” target
completed to date shows the target is mineralized. Three other large geophysical targets occur peripheral to
the Elephant in two trends - these are large disseminated -type sulfide -type targets (Western Deeps,
Broadview South and Thunder North – “Tusks”).
For additional information on Taranis or its 100% -owned Thor project in British Columbia, visit
www.taranisresources.com
Taranis currently has 83,098,017 shares issued and outstanding (93,735,017 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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