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Taranis Intersects 11.17% Zn & 1.26 g/t Au Over 3.57 m in True Fissure Zone, Expands Zone to North
Taranis Intersects 11.17% Zn & 1.26 g/t Au Over 3.57 m in True Fissure Zone, Expands Zone to North.
About this update from Taranis Resources Inc.
[{"type":"text","content":"\n\n\n\nLAKEWOOD, CO, Oct. 24 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:\nTRO), a Colorado-based resource company with a number of gold and silver\nprojects in Nevada, British Columbia and Finland, is pleased to provide an\nupdate of its ongoing exploration activities on the Thor Property, British\nColumbia.\n\n\nTaranis completed a total of 60 drill holes (5,378 m) in a number of\ndifferent areas on the property. Drilling has been conducted within the True\nFissure Zone ("TFZ"), and along extensions to the north (Section 330m North)\nand to the south (Section 330m South). Massive sulphide and/or quartz-\nsulphide mineralization was intersected in all 60 drill holes, although assays\nare available for only 14 drill holes at this time.\n\n\nTaranis owns a 100% interest in the Thor Property which was acquired in\n2006 after due-diligence demonstrated significant precious and base-metal\nmineralization over a strike length of 1.4 km (News Release dated November 16,\n2006). The limited diamond drilling reported in this News Release pertains\nonly to only the TFZ, but at least 4 other zones are known at Thor. Initial\ndrilling was focused on the TFZ, and holes were drilled westerly from multiple\ndrill pads normal to strike and dip of the TFZ, and as such the intercepts\napproximate the true thickness of the TFZ.\n\n\nSection 0m North (Correction)\n\n\nIt was previously reported in a previous News Release (September 5, 2007)\nthat Thor-4 and Thor-5 failed to intersect any significant precious or base\nmetal values. Thor-4 intersected massive sulphide mineralization. This has\ndemonstrated that on Section 0m North the gold and precious metal-bearing TFZ\nhas been extended for over 110 m down-dip. The assays from Thor-5 have not\nbeen received.\n\n\n-------------------------------------------------------------------------\nThor-4\n-------------------------------------------------------------------------\n From To Au Ag Cu Pb Zn Thickness\n (m) (m) (g/t) (g/t) (%) (%) (%) (m)\n-------------------------------------------------------------------------\n 88.70 90.53 0.95 11.98 0.04 0.16 2.81 1.83\n-------------------------------------------------------------------------\nincluding\n-------------------------------------------------------------------------\n 89.00 89.31 4.08 23.96 0.17 0.23 13.01 0.31\n-----------...