Business
Taranis Intersects 279.6 g/t AgEq over 2.86 m in Thunder Zone, and Gains Insight into Deeper Targets at Thor
ESTES PARK, CO / ACCESSWIRE / December 4, 2023 / Taranis Resources Inc. ("Taranis" or the "Compa...
About this update from Taranis Resources Inc.
[{"type":"text","content":"Taranis Intersects 279.6 g/t AgEq over 2.86 m in Thunder Zone, and Gains Insight into Deeper Targets at Thor ESTES PARK, CO / ACCESSWIRE / December 4, 2023 / Taranis Resources Inc. (\"Taranis\" or the \"Company\") (TSX.V:TRO)(OTCQB:TNREF) is pleased to report on the first of five drill holes that were completed in the Thunder Zone at Thor in 2023.Exploratory drilling sought to improve understanding of the unique breccia-type mineralization found in the Thunder Zone, and its relationship to an underlying conductive body found on an airborne Mag/MT survey. Drilling in the Thunder Zone has been confined to a depth of 180 m below surface, and the top to the conductivity feature is estimated to lie 300 m below the surface. Although testing of the deeper target was planned for 2023, ongoing delays associated with a Notice of Work permit precluded exploration of this important target.Thor-235 (-900)Drilling in the Thunder Zone continued to intersect mineralization under a rockslide on the south side of Thor's Ridge. Thor-235 was completed between previously reported drill holes Thor-231 (221 g/t AgEq over 17.9 m - including 1,355 g/t AgEq over 2.63 m) and Thor-220 (551.2 g/t AgEq over 3.96 m). Drilling in this area of the Thor deposit is difficult, and drill holes are commonly lost in the transition from rockslide to bedrock. The following table shows Thor-235 primarily intersected gold and zinc-related mineralization.From (m)To (m)Interval (m)Au (g/t)Ag (g/t)Cu(%)Pb(%)S(%)Sb(%)Zn(%)AgEq(g/t)98.8899.270.393.273.80.0010.0251.480.0010.290109.599.2799.850.580.1261.90.0010.0161.870.0010.0087.699.85100.190.341.625143.00.0511.23010.950.0010.030107.8100.19100.520.330.1968.20.0020.1093.800.0000.0039.1100.52100.860.340.2112.50.0010.0165.700.0380.0017.8100.86101.190.333.2296.00.0590.48423.500.00226.5495.2101.19101.740.551.246.60.0040.0454.040.0010.13262.798.88-101.742.861.3231.490.010.236.490.013.13279.6Indium is not included in the results, and results are pending.Re-Examination of Drill Hole Thor-74Drill Hole Thor-74 was drilled in 2008 and targeted a positive magnetic anomaly that is adjacent to the Thor epithermal deposit. The drill hole failed to intersect any source responsible for the magnetic anomaly, and subsequent probing of the hole using a downhole magnetometer showed that Thor-74 passed directly over the source. Petrophysical testin...