Taranis Outlines 90,000 Ounces of Gold at Kettukuusikko – Targets New Trend Found in North Zone

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[{"type":"text","content":"\nTaranis Outlines 90,000 Ounces of Gold at Kettukuusikko – Targets New Trend Found in North Zone\n\n(via Thenewswire.ca)\n\n \nLakewood, Colorado, October 12, 2011 - Taranis Resources Inc. (\"Taranis\") [TSX.V: TRO] is pleased to report on the results of an National Instrument 43-101 (\"NI 43-101\") compliant Resource estimate completed on the Kettukuusikko South Zone (\"KSZ\") and the Kettukuusikko North Zone \"(KNZ\") at its 100%-owned Kettukuusikko Property located in Lapland, Finland. The Resource estimate was prepared by Jason Baker, (P.Eng), independent Qualified Person as defined by NI 43-101 of Caracle Creek International Consulting Inc. (\"Caracle Creek\"). The full NI 43-101 report will be filed on SEDAR within 45 days of issuance of the date of this News Release.\n\n\n \nIn preparing the Technical Report, Caracle Creek of Sudbury, Ontario used data available from exploration drilling programs completed by the Outokumpu Mining, the Geological Survey of Finland and Taranis. Caracle Creek completed a site visit, extensive quality control, specific gravity determinations and geological modeling to provide the Resource Estimate.\n\n\n \nThe KSZ is one of two near-surface gold-bearing areas at Kettukuusikko. A second, recently discovered zone called the Kettukuusikko North Zone (\"KNZ\") is located 600 m to the north of the KSZ and has only had minimal drilling conducted.\n\n\n \nKSZ Geological Resource Estimate\n\n\n \nResources in the KSZ were estimated using 49 drill holes completed by Taranis and 13 historical drill holes completed by previous owners. Owing to the tight drill spacing that was completed on the KSZ, most of the Resource estimate is in the Indicated category, and provides a much higher level of confidence than the Inferred category typically found in exploration projects. A cut-off grade of 0.2 g/t Au was used as the base case of the resource estimate. The following table summarizes the gold-bearing resource of the KSZ at various cut-off grades:\n\n\n \n\n-------------------------------------------------------\n|Category |Inferred |Indicated |\n|-----------------------------------------------------|\n|Cut-Off (g/t) |Tonneage|Au (g/t)|Tonneage |Au (g/t)|\n|-----------------------------------------------------|\n|0.20 (Base Case)|390,000 |0.81 |2,690,000|0.81 |\n|---------------------------...

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