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Taranis Verifies 38.48 grams/tonne Au Over 1.50 m Prospect between Broadview and Great Northern Zones at Thor, British Columbia
LAKEWOOD, CO, March 25 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V: TRO) has completed anal...
About this update from Taranis Resources Inc.
[{"type":"text","content":"\n\n\n\nLAKEWOOD, CO, March 25 /CNW/ - Taranis Resources Inc. ("Taranis")\n(TSX.V: TRO) has completed analyzing the results from the 2007 surface\nsampling program, and has been able to re-locate a gold-rich zone that was\ndiscovered in 1970 by Columbia Metals Corporation Limited ("Columbia Metals").\nThe Switchback Zone occurs within the Combined Metals Unit ("CMU")\napproximately half-way between the Great Northern Zone ("GNZ") drilled in\n2007, and the Broadview Zone ("BZ") located 530 m south of the south end of\nthe GNZ.\n\n\nColumbia Metals Work on the "New" Zone (1969-1972)\n\n\nColumbia Metals prospected an area west of Taranis' 2007 summer\nexploration drilling in June 1969, and identified a gold-rich zone at surface\ncalled the "New" Zone ("NZ"). In a report dated 1972, Columbia Metals stated\nthat the NZ was located 152 m south of the TFZ No. 1 portal, and mineralized\ngrab samples from this area over a 34 m strike length yielded the following\nassays:\n\n\n-------------------------------------------------------------------------\nColumbia Gold Silver Lead (%) Zinc (%)\nSample No. (grams/ton) (grams/tonne)\n-------------------------------------------------------------------------\nA 6.22 2,575 28.3 2.5\n-------------------------------------------------------------------------\nB 4.98 1,599 28.5 4.5\n-------------------------------------------------------------------------\nC 3.42 1,313 15.0 0.8\n-------------------------------------------------------------------------\n\n\nBulldozer excavations undertaken in December, 1970 exposed a strong fault\nzone striking NNW and dipping 60 degrees east, between 0.3 and 4.0 m thick,\ncarrying variable amounts of pyrite, galena, sphalerite and chalcopyrite. The\nzone was shown to have a strike length of 120 m, although the bulldozer was\nunable to expose the zone for any great distance due to thick cover. A single\ndrill hole (DH-1) to a depth of 33 m in 1970 failed to test the showing since\nthe hole was located too far to the east. Since none of the 2007 drill holes\ntested this area, it is difficult to say if this is a portion of the CMU, or a\nparallel body located further west of the CMU.\n\n\nSwitchback Zone\n\n\nAnother zone, 366 m south of the NZ was also discovered in 1970 in a\nroad-cut on th...