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Taranis Identifies Ridge Target as Potentially Doubling the Strike Length of Thor
(via TheNewswire) Lakewood, Colorado / TheNewswire / March 6, 2017 - Taranis Resources I...
About this update from Taranis Resources Inc.
[{"type":"text","content":"Taranis Identifies Ridge Target as Potentially Doubling the Strike Length of Thor(via TheNewswire)\n\n \nLakewood, Colorado / TheNewswire / March 6, 2017 - Taranis Resources Inc. (\"Taranis\") [TSX.V: TRO] [OTCQB: TNREF] has identified an exploration target northwest of the existing Thor deposit that could potentially double the strike length of the existing 1.8 km long deposit. This target was identified after a comprehensive review of geology, geophysics and structural mapping data under Taranis's 2G exploration program, looking for 'stand-alone' type targets outside of the known deposit.\n\n \n \nGeological Setting of Thor\n\n \n \nThor is interpreted to be a siliclastic-felsic VMS deposit, and the deposit has been subject to folding and other structural deformation that occurred. Age dating and geological mapping at Thor have shown that the deposit lies at the interface between two major rock units, the underlying Sharon Creek Formation (carbonaceous phyllite) and the overlying Broadview Formation (greywacke). Situated along the contact is a volcanic member known as the \"Green Tuff\" in local geology terms, that is now believed to correlate with the Carboniferous-age Jowett Formation. This sequence of rocks is exposed in the Thor Anticline, known to be the equivalent of the Silver Cup Anticline. This is a major geological structure that can be traced for almost 40 km and occurs in proximity to many other precious and base metal deposits in the Silver Cup Mining District. \n\n \n \nRidge Target\n\n \n \nA major topographic ridge occurs north of the old True Fissure millsite, and the receptive contact at Thor is hidden by barren rocks of the Broadview Formation under this prominent ridge. In 2013, several gossans were located 1.2 km northwest of the existing deposit. Recent 3D structural modeling has shown that the northernmost portion of the Thor deposit that is exposed at surface (Blue Bell) dips under these gossans, and the source of the gossan would be from sulphide minerals (pyrite) that occur in the main Thor deposit. The estimated depth to the target is 400m and can only be tested by diamond drilling. Taranis has posted pictures of the gossan, as well as an overview of the target on its website at http://www.jjgmining.com/ridge-target-2017.html\n\n \n \nJohn Gardiner, President and CEO states \"The identification of th...