LAKEWOOD, CO, June 26 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V: TRO), a Colorado-based resource company with a number of gold and silver projects in Nevada, British Columbia and Finland, is pleased to provide an update of its ongoing exploration activities on the Thor Property, British Columbia.
Drilling has commenced on the Thor Property on the True Fissure Area of the Thor Property utilizing one NQ-diameter core drill. A Weatherport camp has been erected on the old mill site that has core logging, core sawing, and office facilities. Line cutting and geophysical surveys are scheduled to commence within the next several days and were delayed by a prolonged thaw of heavy snows that accumulated in the area.
Other Information
Taranis Resources Inc. owns a 100% interest in the Thor Property which was acquired in 2006 after a due diligence review that demonstrated significant precious and base-metal mineralization over a strike length of 1.4 km (News release dated 11/16/2006).
About Taranis Resources Inc.
Taranis is a precious metal resource company that owns 100% interests in three active exploration project: 1) three properties ready for drilling in Nevada, USA 2) the advanced-stage Kettukuusikko property located in Lapland, Finland, currently being explored and drilled by Taranis and Royal Gold, Inc. of Denver and 3) the Thor property located in British Columbia. Taranis currently has 13,690,168 shares issued and outstanding (15,868,418 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geol.),
President and CEO
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.