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taranis resources inc (TRO) Snapshot

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43.5M
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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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Chief Financial Officer, Vice President of Co...
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Compensation as of Fiscal Year 2012.

taranis resources inc (TRO) Key Developments

Taranis Resources Inc. Provides Update on the Exploration at Thor Project, British Columbia

Taranis Resources Inc. provided an update on the exploration of a number of gold occurrences peripheral to the Thor NI 43-101 silver-lead-zinc-gold Resource. Exploration to date has included the mechanical excavation, geological mapping and sampling of a number of gold occurrences that are related to the existing sulphide deposits. At Thor, there are three sulphide deposits that are known as the Broadview, Great Northern and True Fissure that constitute the bulk of the Resource. It is now known that each one of these sulphide deposits tapers at the NNW end into continuous structurally-controlled gold deposits. At the True Fissure deposit, the drilled-out sulphide deposit grades northerly and up-dip into what is now referred to as the True Fissure Gold Zone. This zone is at least 420 m in strike length, and is exposed for 240 m down-dip on the flank of Great Northern Mountain. The TFGZ includes the high-grade SIF Zone, SIF South, SIF Carbon and SIF West Zones ­ and it also includes the Scab Zone. At the Great Northern deposit, visible gold was discovered in a newly excavated quartz vein that yielded grab values up to 3 g/t Au and highly anomalous gold in soil samples. This is now known to be the NNW continuation of the Great Northern Zone. Excavation 192 m SSE of this outcrop has exposed an outcrop that is highly enriched in quartz, pyrite and galena and appears to be transitional between the main Great Northern Sulphide Zone and the gold-rich extension to the NNW now referred to as the Great Northern Gold Zone. At the Broadview deposit, it is now believed that a high-grade gold occurrence in float occurs at the NNW terminus of the Broadview sulphide deposit. Mechanical excavation of this target will begin within the next few days. Taranis geologists have taken 114 samples this summer; 47 panel samples have been taken from the expanded high-grade SIF occurrence and will be analyzed by metallic sieve analysis. Additional occurrences of visible gold were noted west and south of the existing deposit. Sixty- seven surface grab samples have been taken in areas that have been excavated within the TFGZ and the BGZ and will be used to gain further insight into the geological controls of gold mineralization within these areas.

Taranis Resources Inc. Commences its Summer Exploration Program at its Thor Ag-Pb-Zn-Au-Cu Deposit Located Near Trout Lake, British Columbia

Taranis Resources Inc. announced that it has commenced its summer exploration program at its 100% owned Thor Ag-Pb-Zn-Au-Cu deposit located near Trout Lake, British Columbia. The Thor Property encompasses five old mines located in the prolific area of British Columbia called the Silver Circle, and is 4 km northeast of the Town of Trout Lake. The 2014 exploration work will be focused on expanding gold mineralization found at surface through trenching and drilling, and will augment the existing NI 43-101 Resource. The gold within these zones has shown excellent metallurgical recoveries by gravity, and Taranis believes that if it is successful in adding a near surface gold resource to the project, it would greatly enhance the economic viability of the project.

Taranis Resources Inc. to Conduct Exploration Focused to Increase Size of Existing NI 43-101 at Thor

­ Taranis Resources Inc. announced that its Board of Directors has approved a budget to conduct exploration this summer with the objective of increasing the size of the existing NI-43-101 Resource at Thor. Taranis has outlined five phases it plans to undertake to permit Thor and this will constitute a continued evolution along the permitting path. Owing to a budget surplus after the metallurgical phase, the mechanical excavation part of the exploration program is already in place. The exploration has already been permitted under a Notice of Work Application and includes mechanical excavation, sampling and plugger drilling. There are two Targets that are being further excavated and explored: Gold Target: Taranis has compiled surface outcrop grab sampling in an area that measures 500 m by 100 m that also includes panel sampling done on the SIF Zone during summer 2013 and has concluded that there is an excellent opportunity for the development of a high-grade gold Resource in that area. Scab Zone: The existing NI 43-101 Resource at Thor is contained entirely within the sulphide portion of the deposit. Economic beneficiation of this Ag, Pb, Zn and Au ore would require additional infrastructure including crushing, grinding and flotation. Portions of the sulphide deposit between the Blue Bell and True Fissure Zone remain un-drilled, and these will be further evaluated in 2014 with the objective of augmenting the existing NI 43-101 Resource.

 

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