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Taranis Resources Inc V.TRO

Alternate Symbol(s):  TNREF

Taranis Resources Inc. is a mineral exploration company. The Company is principally engaged in the acquisition, exploration and development of precious and base metal projects. The Company owns a 100% interest in certain mineral rights entitled the Thor Property located in the Revelstoke Mining District of British Columbia, Canada and holds certain contiguous mineral claims. It has drilled over 250 drill holes on the project, defining a near-surface epithermal deposit that is over 2 km long. The Thor project is a collection of over 27 Crown Granted Mineral Claims and approximately 14 Mineral Tenures covering approximately 3,314 hectares, which forms a contiguous property over the Thor precious and base metal Deposit. The Company, together with its subsidiaries, is engaged in acquiring and exploring its mineral properties.


TSXV:TRO - Post by User

Comment by Myner49eron Feb 04, 2022 3:11pm
99 Views
Post# 34399068

RE:RE:Porphyry-Epithermal deposit TBA

RE:RE:Porphyry-Epithermal deposit TBANot quite right. 2021 drilling followed the "main zones" NW and discovered a new (probably epithermal) zone under a landslide. Thunder zone is a discrete ore body that was searched for for over 100 years but never found until last summer. These zones are almost certainly related to the intrusive target but the drill program in 2021 was not targeting that feature.

Targeting the intrusive requires deep geophysics. That drilling will be very deep and needs to be precisely targeted. It is a very large, district-scale target. Other intrusives similar to this that I have seen needed holes over a km in length and often intercepted hundreds and hundreds of meters of low grade. The holes drilled this summer maxed-out around 150m deep and hit high grade epithermal veins: (6.42% Combined Cu+Pb+Zn, 253.8 g/t Ag, 0.61 g/t Au Over 3.96 m).

The epithermal zones are nearer the suface than any intrusive target would be.

MGMT says assays from the Thunder Zone were delayed by a cyberattack at Bureau Veritas. All the work had to be redone so it's taking forever. You can read about it here:

https://www.globenewswire.com/news-release/2021/12/02/2345318/0/en/Update-on-the-cyber-attack.html

My guess is that all the data was encrypted by ransomware and the lab has to re-do all the assays because they didn't pay the ransom. Not fun.

Looking forward to the exploration work seeking a porphyry target! The epithermal zones have built a nice resource but the intrusive target would blow that out of the water by sheer scale and volume of mineralized material.


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