Taranis Resources Inc V.TRO

TWO Intrusive Targets: Jumbo & Horton - discovered 2022

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JUMBO & HORTON

The Jumbo intrusive target (1km2 in size) is located immediately west and underneath the Blue Bell, SIF, and True Fissure Mines. Jumbo is flanked on one side by the Thor Fault Zone, in an arrangement which is structurally analogous to other linked porphyry/epithermal systems such as the Lepanto and Far Southeast deposits of the Philippines. Analysis of historical drilling suggests that the Blue Bell and True Fissure fault-hosted deposits skirt the outer edge of a large, rounded feature – ostensibly, these mineralized zones form an arcuate feature which mantles the edge of the Jumbo intrusive target.
 
Geological mapping at the southern edge of the roughly circular Jumbo feature revealed tight folds that wrap concentrically around Jumbo; these are interpreted to be related to the forceful emplacement of The Jumbo intrusion below the surface and are referred to as ‘rim folds’.

Horton is located to the south-southeast of Jumbo, and measures approximately 623 m2. This target may be contiguous with Jumbo but at this time is considered an independent feature. Horton has two distinct geophysical characteristics, the first being a circular magnetic low, and the second being an airborne magnetotelluric (“MT”) anomaly that wraps around the southwest edge of the magnetic low. Horton appears to form the topographic structure known as Broadview Basin (a large area of comparatively flat topography), due west of the high-grade Gold Pit Au-Ag occurrence. Like Jumbo, Horton consists of a circular feature prominent on LiDAR maps and is 100% concealed under colluvium. The southeast corner of Horton comes in close proximity to the Broadview Mine.