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Taranis Identifies Several New Targets at Thor Including 0.136 Oz/t Gold Found by Westmin Resources Inc. on Ridge Target 1 km North of Existing Deposit
(via TheNewswire) Lakewood, Colorado / TheNewswire / May 15th, 2017 - Taranis Resources ...
About this update from Taranis Resources Inc.
[{"type":"text","content":"Taranis Identifies Several New Targets at Thor Including 0.136 Oz/t Gold Found by Westmin Resources Inc. on Ridge Target 1 km North of Existing Deposit(via TheNewswire)\n \n \nLakewood, Colorado / TheNewswire / May 15th, 2017 - Taranis Resources Inc. (\"Taranis\") [TSX.V: TRO] is pleased to update findings of an exhaustive geological study that was recently completed at Thor. Taranis has posted the most important findings on its website at www.taranisresources.com. One conclusion drawn from this study is that the existing Thor deposit is dominated by a very large volcanic/hydrothermal system that measures at least 2 km by 1 km in size, and probably much larger. Precious-base metal deposits are confined to a single stratigraphic contact that is a time equivalent of the Jowett Formation (Carboniferous in age) and are associated with the edges of the volcanic pile. The mineralized horizons have been isoclinally folded along the edges of the volcanic pile, and high-grade gold deposits such as the SIF Zone and Gold Pit are found along these distant peripheries of the main Ag-Au-Pb-Zn-Cu deposit. These observations are consistent with the interpretation that Thor and many of the other deposits in this largely unexplored belt are felsic-siliciclastic volcanogenic massive sulphide deposits.\n\n \n \nThe recent study identified other targets on the main Thor property that have seen no drilling. The following table contrasts the size of these targets with the known deposit, and serves as an objective measure of the exploration potential at Thor.\n\n \n\nTarget Area\n\n\n\n\nFootprint of Target (km2)\n\n\n\n\nSize Compared to Existing Deposit\n\n\n\n\nExisting Deposit (including Blue Bell, True Fissure, Great Northern and Broadview Mines) 240 drill holes, 80 trenches\n\n\n\n\n0.60\n\n\n\n\n-\n\n\n\n\nNettie L. Horizon Target\n\n\n\n\n4.14\n\n\n\n\n7 X\n\n\n\n\nEast side of TVC (\"Deep Intrusive Target\")\n\n\n\n\n0.36\n\n\n\n\n0.6X\n\n\n\n\nMegagossan\n\n\n\n\n0.16\n\n\n\n\n0.3X\n\n\n\n\nRidge Target\n\n\n\n\n0.80\n\n\n\n\n1.34X\n\n\n\n\nGold Pit\n\n\n\n\n0.04\n\n\n\n\n0.06X\n\n\n \n \nNettie L. Horizon Target\n\n \n \nTaranis has traced the stratigraphic horizon that hosts the Nettie L. Mine (historic production of 460,000 Oz. of silver at average grade of 35 Oz/t) across Ferguson Ck. onto the Thor property under the east side of Thor's R...