RE:RE:Awesome DDH results on Jan 19 NRYes schocor, the geology is ". . . let's say complicated", as the saying goes. Since 2006 and drilling over 250 holes the picture is getting clearer with all these epithermal zones showing varing percentages of base & PMs. The advancement in MT, spectometer, modeling etc continues to widen, lengthen and deepen the Thor project to predict that this is an 'Elephant' monster. The detailed accuracy will help pinpoint the deep drill points this year so the expected intrusion is 'hit' as is very expensive. The Geo team is uniquely being very careful with expenditures for us SH and has kept the SO to <90M - not blowing their brains out with raises and dilution. (review the FS showing no wasted $ on CEOs & G&A).
As the impressive Jan 19th NR shows: "i
s pleased to report on a new type of mineralization at its 100%-owned Thor project and is the most northern intercept to date on the 2.1 km long epithermal Thor deposit."
THOR AG-AU-PB-ZN-CU DEPOSIT
The Thor project includes a collection of 27 contiguous Crown Grant mining claims (Fee-Simple), plus over 3,172 hectares of Mineral Tenure cells, all 100% owned by Taranis Resources Inc. Five small historic precious and base metals mines have been amalgamated into Thor; Broadview, Great Northern, True Fissure, Blue Bell, and St. Elmo. These mines operated between 1898 and 1973, and were handicapped by the terrain, logistical problems, and archaic metallurgy. It was long theorized among the original explorers of the deposit that all of the mines were situated on a single structural trend.
Exploration at Thor is now broken down into three main targets:
- The first of these are the epithermal deposits that have been the historic focus for over 120 years. These are contained within a 4km long linear trend, but have only been drilled-out for half that strike length.
- The second is an intrusive target, which was orignally called the "Elephant" that was theorized to underly the epithermal deposits. This has recently been refined to include two targets, one called "Jumbo" and the other called "Horton".
- Finally, the third are a series of dissemianted-sulfide type targets that were identified in the May 2022 airborne survey, and include the Western Deeps, Thunder North and Broadview South Zones.
New technologies and mining methods will enable Taranis to fully develop the Thor deposit in a way once thought to be science fiction (Newton Emmens, "The Mining World" May 7, 1910). Early and extensive test work has confirmed the effectiveness of gravity processing as a viable method of pre-concentrating ore onsite
without the use of chemicals, large amounts of water, and extensive infrastructure. This process will be used to collect physical and chemical characteristics of the Mineral Resource. Compared to historical applications of hydrometallurgy being used on-site, or removal of high-grade ore for off-site processing, this relatively simple and time-honored method will allow Taranis to obtain a bulk sample for grade and metallurgical testing. This data will be incorporated into a Pre-Feasibility study.
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The Thor deposit occurs within the historic Silver Cup Mining District which includes a number of other mines including the Silver Cup, the Nettie L., and other mines that were processed extensively in the early 1900's. Thor remains the only Resource that has not seen mining, and the Resource remains intact in the ground making it a very attractive near-term project. There are a number of processing opportunities in the area that are currently being evaluated.
One of the crucial aspects of any ore deposit is the continuity of the mineralization. At Thor, the sulfide mineralization is tabular in geometry and is known to extend for 2+ km. A large portion of the deposit has been drilled-off on 40 m spaced sections and constitutes all of the Resource included in the NI 43-101 completed by by RPA in 2013. This resource was updated in 2021 with an IHRE. |