Dig Deeper for Valuable Enhancements to your InvestmentInfo I re-read from the MD&A of June 30/021:
Updating of Modeling of Deposit and In-House Resource Estimate The last NI 43-101 Mineral Resource estimate was completed in 2013 by Roscoe Postle Associates (“RPA”). Since that time, Taranis has completed a further 100 drill holes on the project which has had substantial impact on the Resource. In addition to this, a number of other refinements were available in 2020 that were not available in 2013, the most notable of which was the completion of a Lidar survey that provided accurate drill collar elevations and topographic control.
Geologic modeling was completed in-house and is referred to as an ‘In-House Resource Estimate’ (“IHRE”) by the Company. Although the IHRE is not NI 43-101 compliant and it cannot be disclosed publicly, it provides useful guidance to management particularly for planning further drilling. A similar IHRE was completed in 2012 prior to RPA undertaking its Resource assessment and proved to be extremely valuable.
In conjunction with the IHRE, extensive geological modeling was undertaken including maps that showed zonation, isopach (thickness) and commodity value estimates. Two areas of exploration growth are being targeted as a result of the IHRE. These are the Ridge Target and the Intrusive Target. The following sections describe these two areas that will become the focus of exploration at Thor in the near future:
Ridge Target: The Ridge Target is an area that has been identified based on prior work including drilling, surface mapping/sampling and geophysical surveys. Exploration of this area is a priority because of the discovery of a new zone that occurs 60 m in the hanging-wall of the Blue Bell Zone – the last and most northern of the mineralized zones at Thor. Previous drill holes Thor-110, 104 and 101 all unexpectedly encountered a mineralized zone near the collars of the holes. The target of the original drill holes was to intersect the Blue Bell Zone at depth far below the collars of the drill holes. These intercepts, now known to be within the Ridge Zone are also exposed in a broad area of surface outcropping. It is expected that these zones extend far under Thor’s Ridge to the NNW of the existing deposit. The area is difficult to access owing to the steep terrain, and an access road was installed in 2020 that will have the ability to access a number of drill sites that are planned for the area.
Intrusive Target: Future deep drilling will test for the presence/characteristics of an intrusive body that is found under the Thor deposit. This is an important feature since the presence of this body would suggest it is the ‘heat engine’ for the entire Thor deposit, and secondly – and most importantly, that the intrusive body itself could be mineralized. The presence of the body is an interpretation is based on ground magnetic surveying and petrology investigations by the Colorado School of Mines that was completed on some “porphyritic” rocks found in Broadview Creek. This petrographic work identified ‘hornfels’ – a rock associated with contact metamorphism around intrusive bodies. This hornfels also appeared to be mineralized with sulfide minerals including pyrite, tetrahedrite?/galena and it is known that sphalerite occurs in ‘dyke rocks’ further up Broadview Creek in previous drill holes. 6 Diamond drilling will test the magnetic body at two levels. The intrusive body that was modeled from the ground magnetics appears to have a juncture between two portions – an upper part that strikes NNW and a lower part that strikes almost east-west. This juncture causes a significant magnetic feature at this location, and it is almost certainly related to intrusive rocks. Exploration drilling will target the magnetic body where it appears that the Great Northern Zone projects down into the magnetic body, and there is a large conductive area lying on the top of the magnetic body.
<<old, faithful shareholders are looking forward to the release of assays from the 2021 drilling - as older results have always shown high-grade>>
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