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taranis resources inc (TRO) Snapshot

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taranis resources inc (TRO) Details

Taranis Resources Inc., an exploration stage company, is engaged in the acquisition and exploration of precious and base metal projects in Canada and Finland. It has interests in one advanced precious, and two exploration precious and base metal prospects in Lapland, Finland; and 1 advanced-stage precious/base metal prospect in British Columbia, Canada. The company was incorporated in 2001 and is based in Lakewood, Colorado.

Founded in 2001

taranis resources inc (TRO) Top Compensated Officers

Chief Executive Officer, President and Execut...
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Compensation as of Fiscal Year 2013.

taranis resources inc (TRO) Key Developments

Taranis Resources Inc. Results from Ongoing Exploration at its 100%-Owned Thor Silver-Gold- Lead-Zinc-Copper Deposit

Taranis Resources Inc. announced results from ongoing exploration at its 100%-owned Thor silver-gold- lead-zinc-copper deposit located 8 km north of Trout Lake, British Columbia. Gold occurs in an area that is peripheral to the existing NI 43-101 Resource at Thor, and occurs within the zoned mineral deposit. The zonation goes from massive base metal sulphides in the core of the deposit, to massive pyrite-quartz and finally into massive quartz. The latter two zones are highly enriched in gold, and portions of these zones were tested in 2014. Two test areas were drilled in the summer of 2014 using a small core drill that produced EW-size core, and the drilling was limited to areas that had no soil cover. Hole depth was also limited to maximum 6 m, and consequently the drilling did not fully delineate either the SIF or SIF Carbon zones. Sixteen holes were completed in vicinity of the SIF Zone and eight holes were completed in the SIF Carbon Zone. Drilling and sampling was completed to NI 43-101 standards and it is expected that Taranis will complete a Resource Estimate on these two areas in preparation for undertaking a bulk sample in 2015. Three surface stockpiles have also been sampled and surveyed to NI 43-101 standards and are also being considered for bulk sampling. SIF Carbon Zone. An initial shaker table test from the SIF Carbon Zone yielded a sulphide concentrate that graded 512.4 g/t Au and 540 g/t Au. This method also holds promise in extracting the Ag-Pb-Zn-Au-Cu from the main Thor sulphide deposit, and consequently Taranis has sampled and documented these stockpiles to NI 43-101 compliance. Another consequence of gravity concentration is that it reduces the mining footprint on the property, and the capital and infrastructure required is minimal. The initial bulk sample on the property would be taken from the SIF, SIF-Carbon, and the Broadview, Great Northern and True Fissure stockpiles. This could generate a significant cash flow at Thor and would be very useful in understanding the much larger in-situ Resource at the Thor Deposit.

Taranis Resources Inc. Announces the Discovery of a New Gold Zone at Thor

Taranis Resources Inc. announced the discovery of a new gold zone at Thor. SIF Carbon Gold Occurrence: SIF Carbon was found during a routine surface grab sampling program and in summer 2014 was mechanically excavated, power washed, mapped and panel sampled. SIF Carbon and the accompanying high-grade SIF Zone located 180 m to the northwest are not included in the existing NI 43-101 Resource Estimate at Thor, but are rapidly defining a much larger gold bearing target in the previously identified Scab Zone that has never been drilled owing to the steep topography. This gold occurrence is considerably different than the main SIF outcrop. It exists with disseminated to massive pyrite, and is located up-dip and northwest of the True Fissure portion of the Thor deposit. SIF Carbon also has significant silver content, but hosts only minor amounts of base metals. Surface Panel Sampling: A total of 14 surface panel sampling lines spaced 3.0 m apart were completed over the occurrence. Line 0 is located at the northwest end of the zone, and line 13 at the southeast end. The gold-bearing zone extends at least 39 m. Taranis also completed 8 diamond drill holes in the SIF Carbon Zone, the results of which will be made available when the analytical data has been received and compiled. The sampling was completed to rigorous NI 43-101 standards and the SIF Carbon Zone will augment the existing NI 43-101 Resource at Thor. Gravity Separation Testing: Taranis has completed gravity separation tests of the material found at SIF Carbon, and the tests have been successful in producing a gold-silver-pyrite concentrate that could be easily transported offsite for gold extraction. All of the gold and silver accompanies pyrite and other sulphide minerals at SIF Carbon.

Taranis Resources Inc. Announces Results from Ongoing Exploration at its Thor Silver-Gold Lead-Zinc Deposit

Taranis Resources Inc. announced results from ongoing exploration at its 100%-owned Thor Silver-gold lead-zinc deposit located 8 km north of Trout Lake, British Columbia. SIF Zone - Taranis previously outlined high-grade quartz-gold occurrences in the SIF Zone, and recent excavation of the outcrop has extended the gold-bearing zone to the northwest, west and south. A total of 15 lines have been sampled perpendicular to the strike of the anticline feature and are spaced 2.0 meters apart, and have now demonstrated continuous gold mineralization over a strike length of 30 m. A total of fourteen EW-core holes have been drilled into the SIF Zone, and all of the holes have intersected quartz veining, Results of these drill holes will be made available in the near future. Taranis has also completed transit level, differential surveying and specific gravity measurements that will enable the SIF Zone to be categorized as a NI 43-101 compliant resource. Samples were analyzed by Acme Labs in Vancouver, Canada. The samples were prepared using method M150 that produces two size fractions for analysis (one +150 Mesh "Plus" and the other 150 Mesh "Minus"). 150 Mesh corresponds to approximately 0.105 mm. The Plus fraction is analyzed in its entirety with gravimetric finish and is reported as +Au. The minus fraction is analyzed by fire assay with AA finish and is reported as ­Au. ­ Au fractions that exceed 10 ppm Au are re-analyzed using a 30 gram fire assay. All of the sampling and gold determinations are subject to a rigorous quality control program that includes the placement of standards and blanks a minimum of every tenth sample. WCM Minerals of Burnaby, British Columbia has been engaged to supply the quality control materials for the Thor Project.

 

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