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Taranis Reports on Drill Testing of the South Magnetotelluric Conductive Tusk Target at Thor
ESTES PARK, CO / ACCESSWIRE / November 27, 2024 / Taranis Resources Inc. ("Taranis" or the "Comp...
About this update from Taranis Resources Inc.
[{"type":"text","content":"Taranis Reports on Drill Testing of the South Magnetotelluric Conductive Tusk Target at ThorESTES PARK, CO / ACCESSWIRE / November 27, 2024 / Taranis Resources Inc. (\"Taranis\" or the \"Company\") (TSX.V:TRO)(OTCQB:TNREF) is providing an update on its Thor project located northeast of Trout Lake, British Columbia.South and North TusksAn Expert Geophysics MT and Magnetic survey completed in June of 2022 identified two major conductive features that collectively form an elliptical feature under the Thor epithermal deposit. Although these two features (South and North Tusks) are not exposed at surface, the South Tusk comes closest to surface in the Broadview Mine area where the top of the feature is found 500m below the surface. One of the objectives of the 2024 deep drilling program was to test this conductive feature owing to its large size, and the possibility that it could contain precious and base metals.South Tusk TargetAn initial drill hole (Thor-241) targeted on the South Tusk southeast of the Broadview Mine was lost at a depth of 105.5m, and a second drill hole was collared 60m uphill and was eventually drilled to a depth of 576m where it penetrated the top of the conductivity feature. Although not an objective of this drill hole, Thor-242 unexpectedly intersected a zinc-rich south continuation of the Broadview Mine:From (m)To (m)Au (ppb)Ag (g/t)Cu (%)Pb (%)Zn (%)54.8956.00< 559.40.042.261.7756.0057.00< 50.60.010.020.7957.0058.00< 53.40.070.032.0858.0058.891505.60.050.025.8758.8959.624562.00.571.9013.60Average over 4.73m54.8959.623828.70.120.905.10Two subsequent short holes (Thor-244,105m, -450) and Thor-245, 141m, -900) were drilled from the same drill pad as Thor-242 in an attempt to validate the intersection in Thor-242, but both failed to duplicate the results.Discussion of Hole Thor-242Thor-242 intersected a succession of intercalated metasedimentary and volcaniclastic rocks throughout the drill hole. At the bottom of the drill hole (516.05-576.00m), the succession changes over into a black schist metasedimentary unit that is characterized by ‘clasts' of pyrite up to 4 cm in size and white-colored altered fragments. This unit (like the metasediments and volcanics above it) has been subjected to intense folding and deformation. Three discrete rock units were quantitatively analyzed for Carbon (graphiti...