Business
Taranis Intersects Widespread Zones of Iron Formation at Marskinkuusikko with Low Levels of Gold
May 13, 2011 (TheNewswire.ca) -- ----- | | | ----- Lakewood, Colorado, May 13, ...
About this update from Taranis Resources Inc.
[{"type":"text","content":"\nTaranis Intersects Widespread Zones of Iron Formation at Marskinkuusikko with Low Levels of Gold\n\n May 13, 2011 (TheNewswire.ca) -- \n\n-----\n| | |\n-----\nLakewood, Colorado, May 13, 2011 - Taranis Resources Inc. (TSXV:TRO) (\"Taranis\") [TSX.V: TRO] provides the following update of its activities relating to the diamond drilling of the Marskinkuusikko Property located in Lapland, Finland.Five diamond drill holes were completed on the project (564.35 m). The target was a single stratigraphic horizon with EM targets located along the west limb of a large synclinal structure. These features are almost certainly the stratigraphic equivalent of rocks that host the Kittilä Gold Mine located 7 km northeast of Marskinkuusikko. Four of the five holes intersected semi-massive/massive sulphide mineralization over a strike length of over 2 km accompanied by weakly anomalous levels of gold mineralization. No other elements of significance were identified from the multi-element analyses.Drill Hole M-1 (-50O)Drill Hole M-1 was targeted on a coincident magnetic and VLF anomaly and intersected a succession of silicate and sulphide-rich iron formation hosted within a sequence of highly altered, sericitic fragmental volcanic rocks. The sulphide-rich iron formation exhibited sedimentary banding characterized by beds of chert and pyrite.Interval: 87.16-91.15 m: This interval of both semi-massive and massive sulphide within iron formation and a graphitic fault with traces of galena, chalcopyrite and sphalerite.\n\n-------------------------------------------------------\n|From (m)|To (m)|Meters|Gold (ppb)|Pyrite (%)|As (ppm)|\n|-----------------------------------------------------|\n|87.16 |91.15 |3.99 |60 |26.18 |127 |\n-------------------------------------------------------\nDrill Holes M-2 (-50O) & M-3 (-50O)Drill Hole M-2 was drilled 1.2 km northwest of drill hole M-1 and intersected two zones of anomalous gold. The upper interval (37.49-41.60 m) consisted of sulphide-rich iron formation dominated by pyrite. These second interval (51.78-52.15 m) consisted of a second, separate interval of pyritic iron formation that exhibited strong stratigraphic banding.\n\n-------------------------------------------------------\n|From (m)|To (m)|Meters|Gold (ppb)|Pyrite (%)|As (ppm)|\n|-----------------------------------------------------|\...