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Taranis Completes Geophysical Surveys at Naakenavaara, Expands Survey Over Other Key Areas
May 11, 2011 (TheNewswire.ca) -- Lakewood, Colorado, May 11, 2011 - Taranis Resources Inc. (...
About this update from Taranis Resources Inc.
[{"type":"text","content":"\nTaranis Completes Geophysical Surveys at Naakenavaara, Expands Survey Over Other Key Areas\n\n May 11, 2011 (TheNewswire.ca) -- Lakewood, Colorado, May 11, 2011 - Taranis Resources Inc. (TSXV:TRO) (\"Taranis\") [TSX.V: TRO] is pleased to provide an update of activities completed on its Finnish exploration projects in April of 2011. A total of 270.98 km of airborne electromagnetic and magnetic surveying was completed on both existing and prospective projects in the Kittilä area.Naakenavaara (Cu-Au-Co-Ni): A SkyTEM heliborne deep penetration EM and magnetic survey totalling 175.19 km was completed at Naakenavaara on 100 m line spacings. The results of this survey show that the mineralization at Naakenavaara occurs within a large ‘canoe'-shaped synclinal feature measuring 4.4 km by 2.7 km and contains many previously unknown EM targets. The entire district-scale feature is confined to Taranis Mining Claims 1-4 and the pending Mining Claim applications 5-14. All of the known mineralization that Taranis has drill tested has been related to a much smaller parasitic syncline on the north side of the basin known as the \"Naakenavaara Bulls-eye\". The results of this survey show that the area contains a much larger major syncline (roughly 5 times the size of the \"Bulls-Eye\") that has received no exploration, and will form the locus for future exploration at Naakenavaara.Preliminary results indicate a number of new massive sulphide-type targets, and also successfully identified areas of widespread disseminated mineralization including the OKI and CHIISAI Zones that are known to be copper, gold, cobalt and nickel-bearing. This survey will enable Taranis to link together all of the pre-existing mineralization, into a much larger regional scale target and allow it to plan delineation drilling that could establish a large deposit.Riikonkoski (Cu-Au): Five lines totalling 9.08 km of SkyTEM were completed over the deposit in order to gauge the ability of this airborne system and EM in general in detecting the deposit. Information shows several large EM anomalies that are associated with the copper-gold mineralization. Additional geophysical data was purchased from the Geological Survey of Finland that will also aid in the design and implementation of deep penetration geophysical surveys that could be useful in significantly expa...