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Taranis Completes Initial NI 43-101 Resource Estimate at Thor
(via Thenewswire.ca) Lakewood, Colorado - June 20, 2013 - Taranis Resources Inc. (TSX-V:...
About this update from Taranis Resources Inc.
[{"type":"text","content":"Taranis Completes Initial NI 43-101 Resource Estimate at Thor(via Thenewswire.ca)\n \n \nLakewood, Colorado - June 20, 2013 - Taranis Resources Inc. (TSX-V: TRO) (\"Taranis\") is very pleased to announce the first independent Resource estimate undertaken at its 1,800 hectare, 100%-owned Thor Property located in Southeast British Columbia. The Resource estimate is based on 2007 and 2008 drilling programs completed by Taranis that included 152 diamond drill holes, trenches and channel samples. Thor is interpreted as a highly-deformed exhalative-type deposit with a copper-rich base (Broadview) at the south end and a precious metal rich cap at the north end (SIF and Blue Bell Zones) that collectively lie on the east limb of the Thor Antiform.\n\n \n \nThe Resource estimate was prepared by RPA Inc. (\"RPA\") who examined the Resource from both an open pit and underground Resource potential. The Resource estimate was prepared under the supervision of Barry McDonough, P. Geo. of RPA. Mr. McDonough is an independent Qualified Person in accordance with NI 43-101 and has reviewed and approved the information regarding the Resource estimate in this News Release. A NI 43-101 Technical Report supporting the Resource estimate will be filed on SEDAR within 45 days of this News Release.\n\n \n \nMineral Resources are estimated at a net smelter return (NSR) cut-off value of US$50/t for potential open pit and US$100/t for potential underground. A preliminary Whittle pit was applied to constrain the potential open pit resource.\n\n \n \n\n ---------------------------------------------------------------------\n |THOR MINERAL RESOURCE |  |  |  |  |  |\n |ESTIMATE SUMMARY*     | | | | | |\n |-------------------------------------------------------------------|\n | Zone and |NSR |tonnes |Au (g/t)|Ag (g/t)|Cu (%)|Pb (%)|Zn (%)|\n |Category |Cut-off| | | | | | |\n |-------------------------------------------------------------------|\n |Potentially |$50 |471,000|0.91 |204 |0.14 |2.77 |3.68 |\n |Open Pit | | | | | | | |\n | Indicated | | | | | | | |\n |-------------------------------------------------------------------|\n |Inferred |$50 |189,000|1.28 |218 |0.16 |2.70 |3.83 |\n |-------------------------------------------------------------------|\n |Potentially |$100 |168,000|0.81 |141 |0.13 |1.78 |3.03 |\n |Unde...