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Taranis Assays 1,558 g/t Silver Equivalent over 2.95 m in Underground Channel Sampling at Blue Bell Mine and announces the closing of Private Placements
(via Thenewswire.ca) Lakewood, Colorado / TheNewswire / November 2, 2016 - Taranis Resou...
About this update from Taranis Resources Inc.
[{"type":"text","content":"Taranis Assays 1,558 g/t Silver Equivalent over 2.95 m in Underground Channel Sampling at Blue Bell Mine and announces the closing of Private Placements(via Thenewswire.ca)\n \n \nLakewood, Colorado / TheNewswire / November 2, 2016 - Taranis Resources Inc. (\"Taranis\") [TSX.V: TRO] is pleased to announce further results from its 2016 exploration program at its Thor project in southeast British Columbia. These results outlined in this News Release pertain to an area that contains elevated levels of gold mineralization at Thor, in a topographically steep area that lies between SIF, St. Elmo and the Blue Bell Mines along the north end of the undrilled Scab Zone.\n\n \n \nSIF is a well-documented, native gold occurrence that was discovered in 2013 by Taranis that will undergo onsite metallurgical processing in the summer of 2017. Based on 2016 exploration work, native gold at SIF is related to a series of vertical, northeast trending faults (True Fissure Fault Zone \"TFFZ\") that crosscut the main sulphide deposit. The TFFZ has offset the main Thor sulphide deposit and is now the main watercourse for True Fissure Creek. The TFFZ extends through SIF, northeast into St. Elmo and further downhill into the south part of the Blue Bell Mine. Where the TFFZ intersects these sulphide zones, there is elevated gold content in the main Thor sulphide deposit.\n\n\n \n\n\n\n \nUG Channel Sampling at Blue Bell Mine\n\n \n \nThe Upper Blue Bell Mine workings was partially sampled by Taranis in 2007, and outlined wide zones of mineralization in the southern 18 m of the drift (BB-XC-1&2). However, the Blue Bell Zone is exposed for another 30 m to the northwest, and was sampled in 2016. Only the stratigraphic base of the Blue Bell Zone is exposed in the drift that was sampled in the 2016 work. The following table outlines channel sampling continuing to the north, and has now continuously exposed the Upper Blue Zone for a 60m strike length.\n\n \n\nChannel Sample & Zone\n\n\n\n\nMine Section\n\n\n\n\nFrom (m)\n\n\n\n\nTo (m)\n\n\n\n\nInterval (m)\n\n\n\n\nSilver (g/t)\n\n\n\n\nGold (g/t)\n\n\n\n\nCopper (%)\n\n\n\n\nLead (%)\n\n\n\n\nZinc (%)\n\n\n\n\nSilver Equivalent (g/t)\n\n\n\n\nBB-2016-1\n\n\n\nBlue Bell\n\n\n\n\n5617452\n\n\n\n\n0.00\n\n\n\n\n2.90\n\n\n\n\n3.30\n\n\n\n\n14.4\n\n\n\n\n0.23\n\n\n\n\n0.00\n\n\n\n\n0.32\n\n\n\n\n0.28\n\n\n...