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Taranis Resources Adjusts Thor Exploration Program Due to Current Political and Regulatory Conditions in British Columbia
Taranis Outlines Plans to Explore the Expanded Silver Cup Mining Property ESTES PARK, CO / ACCESS Newswire / May 11, 2026 / Taranis Resources Inc. ("Taranis"
About this update from Taranis Resources Inc.
[{"type":"text","content":" Taranis Outlines Plans to Explore the Expanded Silver Cup Mining Property ESTES PARK, CO / ACCESS Newswire / May 11, 2026 / Taranis Resources Inc. (\"Taranis\" or the \"Company\") (TSXV:TRO) (OTCQB:TNREF) announces that it is reviewing and refining its planned exploration activities at the Thor Project in British Columbia in light of the current political and regulatory environment in the province. The Company remains encouraged by the geological potential of the broader Silver Cup Mining District and three high-priority drill targets adjacent to its Thor deposit. Taranis intends to take a more measured approach to capital allocation and exploration scheduling in a manner that reflects prevailing risk conditions and supports prudent stewardship of shareholder capital. Aeromagnetic and Electromagnetic District-Scale Surveys Outline Two Important Lamprophyre Dyke Systems Spatially Related to Historical Mines/Prospects Taranis has digitally reprocessed two historical aeromagnetic and electromagnetic surveys completed in the 1980s by Questor Surveys for Nortran Resources (1989) and American Chromium Ltd. (1980). These data sets, sourced from British Columbia's public assessment file system, have now been integrated with Taranis' own airborne geophysical survey flown in 2022. This work has established more than 20 linear kilometers of contiguous aeromagnetic coverage, most of it across Taranis' Silver Cup property holdings. Results from the Company's 2025 deep drilling program confirm that the aeromagnetic data delineated two northwesterly-trending intrusive lamprophyre dyke systems that extend across Taranis' new expanded Property. The first of these, the Thor Lamprophyre, has been traced for over 12 km and crosscuts the Thor epithermal deposit, separating what was once interpreted as a more continuous mineralized system into two parts. The Borr side of the epithermal deposit, discovered in 2025, lies east of the Thor Lamprophyre and remains unexplored. A second intrusive lamprophyre dyke, named the Five Mile Lamprophyre, occurs approximately 2.5 km northeast of the Thor Lamprophyre. On Taranis' expanded aeromagnetic map, it displays a geophysical signature similar to the Thor Lamprophyre. This second magnetic feature extends for more than 7 km and is spatially associated with another cluster of historical silver mines and prospect...