Taranis Resources Inc V.TRO

Drill is on the Mountain for EXCITING 2021 Expansion = VALUE

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"The Ridge Target" -- Exploration for Immediate Growth

 

Taranis has prioritized and received permit approval for an area on the north end of the deposit that contains a previously unrecognized drilling target named simply the “Ridge Target”. Detailed geological modeling has shown that the receptive Sharon Creek/Broadview Formation contact (mineralized) continues under Thor’s Ridge in the hanging-wall of the Thor Fault Zone. The contact plunges shallowly NNW under Thor’s Ridge.

No mineralization is exposed on Thor’s Ridge; this historical mystery is now explained because the receptive contact occurs at greater depth than is immediately evident. Samples taken 1 km northwest of Thor’s Ridge have shown that at that distance there is still hydrothermal alteration along this feature. The source of this gold-rich mineralization has only been found in float, and the bedrock source remains unexplored to date. With drilling permits in hand for the Ridge Target, that's all about to change.

Based on mapping and geophysical surveys completed in the summer of 2018, Taranis has refined the target located under "Thor's Ridge" and potentially extended the high-grade SIF gold occurence to the area known as SIF North, almost 1.1 km away. Previous sampling at SIF North obtained gold values up to 0.60 g/t Au (sample 862172) and Westmin Resources obtained gold values up to 3.85 g/t Au.

 

In this 3D cut-away, the Ridge Target is shown in red wireframe on the left side of the image (north), and the main Thor deposit is shown in red. There are many compelling reasons to believe the Thor continues to the north under Thor's Ridge and it is a top priority of Taranis to explore this with diamond drilling.

 

Further evidence of a sizeable deposit under Thor's Ridge:

• The presence of a major topographic feature indicating Broadview Formation in the hanging-wall of the Thor Fault Zone
• The presence of the SIF North Zone with highly anomalous gold mineralization that indicates the top of the hydrothermal system in the Thor fault Zone.
• The presence of a new zone in the hanging wall of the Blue Bell deposit found at surface and sampled in 2019 that appears to be the southeast terminus of a new zone. This zone has also been intersected in a drill hole Thor-101 and has extensive seeps that are highly anomalous in copper (indicative of tetrahedrite).
• 2 EM-37 lines that show conductors (600N and 700 North); they show weak to moderate EM anomalies north of the Blue Bell deposit. These conductors have never been drilled and almost certainly are sulfides, and represent the most northern lines of EM-37 surveying on the Thor project.
• Karous VLF modeling that shows a number of conductive bodies in the area under Thor’s Ridge. Despite limited depth estimates (~80m), these are related to conductive bodies, that are either lithologic or sulfide in origin.

The topography in this area is challenging, road construction will be required to achieve access. In light of the importance of this new target and the confidence gained in the geological model of this area, Taranis has accelerated permitting of new drill roads and infrastructure leading to the drill site. These permits have been sent to Taranis for review and assent to terms as of January 2020.