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Taranis Confirms Porphyry Target at Thor Beneath Epithermal Zones, Notes Similarities to the Toodoggone and Lepanto Linked Epithermal-Porphyry Deposits
(TheNewswire) Estes Park, Colorado – TheNewswire - May 16th, 2...
About this update from Taranis Resources Inc.
[{"type":"text","content":"Taranis Confirms Porphyry Target at Thor Beneath Epithermal Zones, Notes Similarities to the Toodoggone and Lepanto Linked Epithermal-Porphyry Deposits\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Estes Park, Colorado –\n \n \n TheNewswire -\n \n \n May 16th, 2022 –\n \n \n Taranis Resources Inc.\n \n (“Taranis” or the “Company”)\n \n (\n \n TSXV:TRO\n \n )\n \n ,\n \n (\n \n OTC:TNREF\n \n )\n \n is pleased to\nprovide an update on its 100%-owned “Thor” precious-base metal\ndeposit with respect to a feature that has been historically referred\nto as the “Intrusive Target”. To date, Mineral Resource\ndiscoveries at Thor have been largely confined to epithermal-type\nlodes, but a newly discovered intrusive body under the epithermal\ndeposit has been investigated with an airborne magnetotelluric\n(“MT”) and magnetic (“Mag”) system, operated by Expert\nGeophysics of Newmarket, Ontario. This News Release discusses only a\nportion of the recent airborne results; full review of the survey data\nis ongoing and will be summarized in future News Releases.\n \n \n The geophysical survey was completed over the existing epithermal\nMineral Resource and its immediate environs. Mag has identified a\nblind, positive magnetic feature that is at least 1,800m in strike\nlength and approximately 300m in width. Previous exploration drilling\nand surface mapping data have confirmed this to be almost certainly\nrelated to a\n \n porphyry body\n \n . The closest drill hole to this feature is\nThor-193; its importance is discussed below. Taranis has named the\nporphyry exploration target “\n \n The\n \n \n Elephant\n \n ” as the company believes the\nepithermal lodes at Thor are analogous to the trunk of the elephant,\nwith the underlying intrusive feature representing the body or bulk of\nthe elephant.\n \n \n \n Importance of Hole Thor-193\n \n \n \n In hindsight, Drill hole Thor-193 (TD 82.91m), completed in 2018, may\nhave been the first and only hole to have yet intersected the\nElephant; and even so it was at its extreme northern edge, 1.2km from\nthe center of the magnetic high. Thor-193 identified two intervals of\nintrusive-related lithologies. The first of these is from 23.29-28.90m\nwhere the core hole intersected crystalline fe...