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Taranis Intersects 29% Combined Cu-Pb-Zn, 3.51 g/t Au and 697 g/t Ag Over 2.43 m True Thickness in Deeper Drilling of the Great Northern Zone at Thor Project, British Columbia
LAKEWOOD, CO, Aug. 7 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V: TRO) continues to outline...
About this update from Taranis Resources Inc.
[{"type":"text","content":"\n\n\n\nLAKEWOOD, CO, Aug. 7 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:\nTRO) continues to outline a large precious and base metal bearing deposit\nfound within the Combined Metals Unit ("CMU") at Thor, now extending 1.6 km in\nstrike length. Drilling is progressing with two drills and is expected to\ncontinue until at least the end of September.\n\n\nThe drill results pertain to the Great Northern Zone ("GNZ") where\nTaranis previously reported a number of ore-grade intercepts (see News\nReleases dated November 5, 2007, December 11, 2007 and January 22, 2008).\n\n\n Great Northern Zone\n\n\nTaranis currently has two drills operating on the GNZ drilling the\ndeposit on a spacing approximately 40 m between drill sections. Drilling\ndemonstrates that the zone dips about 50 degrees to the east, and is\ncharacterized by volcaniclastic rocks increasing in thickness down-dip. The\nlithologic change and the increasing Cu/(Cu+Pb+Zn) ratios at depth suggest\nthat the source of the massive sulphide lies progressively deeper towards a\nlaterally extensive low relief subtle positive magnetic anomaly identified in\nthe 2007 exploration program. All drill holes are oriented at an azimuth of\n250 degrees to the CMU and intersect the zone normal to the strike and dip of\nthe zone.\n\n\nSection 250m South\n\n\nDrill Hole Thor-64 (-50 degrees) intersected massive sulphide in the CMU.\n\n\n-------------------------------------------------------------------------\nThor-64\n-------------------------------------------------------------------------\nFrom (m) To Au Ag Cu Pb (%) Zn (%) Thickness\n (m) (g/t) (g/t) (%) (m)\n-------------------------------------------------------------------------\n43.89 45.94 0.56 136.8 0.13 3.12 8.84 2.05\n-------------------------------------------------------------------------\n\n\nDrill Hole Thor-65 (-70 degrees) was drilled from the same setup and\nintersected a wide zone of low-grade massive sulphide located 48 m below the\nsurface.\n\n\n-------------------------------------------------------------------------\nThor-65\n-------------------------------------------------------------------------\nFrom (m) To Au Ag Cu Pb (%) Zn (%) Thickness\n (m) (g/t) (g/t) (%) (m)\n-------------------------------------------------------------------------\n45.99 51.39 0.63 74.8 0.06 1.52 1.25 5.40...