Post by
TrumpThis on Nov 26, 2023 5:28pm
#2- Top 10 Reasons to have TRO in Portfolio: THOR Project
The 2nd 'Reason' to buy TRO is like . . . understanding the THOR Project, in SE BC 8km N of Trout Lake which is S of Revelstoke in a small valley E of Arrow Lake.
A New Porphyry District is Emerging in B.C. –The Thor Project is the Elephant in the Room!
Location, History & Overview:
• Location • Good -to -excellent Infrastructure including year -round plowed highways. • Deposit located at 1,700 m ASL with property access by old mining and logging roads. • Local communities are well-versed in mining and are favorable to exploration and development.
• History • Shallow underground mines were explored and mined at a small scale as early as 1895. • These mines follow a northwesterly trending series of near -surface epithermal deposits called the Silver Cup Mining District. • The Thor project includes five historical mines that were identified beginning in 1896.
• Overview • Taranis’ holding of real property at Thor is “grandfathered” as a Fee Simple interest in land via mining Crown grants circa 1896 -1914. The Province does not own the minerals in the ground, and some of the surface rights – Taranis owns these. • Gold, silver, zinc, lead and copper occur in the Thor deposit and are likely to occur within other major exploration targets at Thor like the “Elephant” target – which was delineated via airborne survey in Spring 2022 and explained herein. • The deposit is known to contain economically recoverable amounts of copper, antimony, indium, nickel and cobalt.
• 100% Taranis owned.
• Classified as a precious metal deposit with base and by-product metals (RPA Cash Flow evaluation, 2013).
• 27 mining Crown grants (1890, early 1900’s) purchased from Eaton Family in 2006, many with surface and even water rights. This is the only known instance in British Columbia where a complete mineral deposit is privately held in Fee-Simple.
• Additional 3,100 hectares of overlapping and surrounding Mineral Tenures in good standing to 2028+
Thor: Strategic Plan
Taranis Has Proven There is an Epithermal Mineral Resource at Thor
• Deposit drilled out to NI-43-101 standards over 2.1 km with ~250 drill holes.
• 16.7 M. Oz. Ag equivalent (2013 RPA), and roughly double that with the company’s internal polygonal estimate done in December 2021.
• There is an intrusive that underlies the epithermal system, and the intrusive body has a large zone of thermal alteration around it. Taranis has Discovered this Historic Silver District to Possibly be a New Porphyry District in British Columbia
• A linked epithermal-porphyry deposit similar to Toodoggone (B.C.) and Lepanto (Philippines).
• Taranis has identified some opportunities related to infrastructure and other areas that can be combined to create a major, cost effective, and profitable mine.
Taranis Has Now Split its Exploration into Two Main Directives:
• Existing: Continuing to follow the epithermal deposit along what appears to be a 4 km strike length.
• New: Follow-up exploration, permitting and drilling of Elephant porphyry target. Follow-up exploration, permitting and drilling of FeNiCo and other large disseminated targets outlined by airborne survey.
Taranis Is Set to Capitalize on an Exceptional Knowledge Database of the Area Developed Over 15 years:
• Discretionary: Update old 2013 Resource estimate to increase market value of the company.
• Create explosive growth by drilling a porphyry deposit and other large disseminated-type deposits.
Review https://taranisresources.com/ to get more DD geology info than the vast majority of Jrs, as TRO only wants high-IQ geo investors that can put the pieces of the puzzle together. TRO has the experience with the experienced BoD and are leading the industry in many ways!