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Taranis Resources Inc. is a Canadian mineral exploration company that owns the Thor Project located in southeast British Columbia. The project comprises 3,807 hectares of Mineral Tenures and 27 Crown Grant titles to precious and base minerals. The company has extensively drilled the area, connecting historical mines into a single, near-surface epithermal deposit. Taranis is now focusing on deep drilling to confirm the presence of a large intrusion-related deposit linked to the known near-surface veins.
Taranis Resources has completed its 2024 exploration program at the Thor project near Trout Lake, British Columbia. The program included ten deep drill holes totaling 3,859.5 meters, with seven holes averaging 501m depth targeting areas below the epithermal deposit. The company also conducted exploration in the Horton Area, completing three short diamond drill holes totaling 273.64 meters.
The program included extensive surveys with VLF, ground magnetic/gradiometer measurements, and soil sampling. The Horton Area, impacted by 2024 wildfires, revealed new outcrops and high-grade surface boulders. A single confirmation drill hole of 109.12m was completed near the Great Northern Zone. Results from the analytical sampling, which included approximately 865 samples testing for mineralization, rare earth elements, and major oxide geochemistry, are pending.
Taranis Resources (TSX.V:TRO, OTCQB:TNREF) announces a non-brokered private placement offering of up to $250,000, comprising up to 454,545 flow-through units at $0.55 per unit. Each unit includes one flow-through common share and one warrant, allowing purchase of an additional common share at $0.50 within 24 months of closing. The proceeds will fund Canadian Exploration Expenses for engineering work required under the Notice of Work permit for the bulk sampling plant at Thor property in British Columbia. Company insiders may participate in the offering, which is subject to TSX Venture Exchange approval.
Taranis Resources has signed an agreement to acquire a 100% interest in 1,699 hectares of mineral tenures adjoining its Thor project in British Columbia. The acquisition includes 1,637.9 hectares of Mineral Tenures and 61.4 hectares of Placer Tenures, subject to a 1% NSR to the vendor and a $40,000 cash payment upon title transfer. This addition increases Taranis's holdings in the Silver Cup Mining District to 5,445 hectares. The land package includes 11 Mineral Tenures and 2 Placer Tenures, covering parts of the Silver Cup Mining District, including the Nettie L. Mine and portions of the Silver Cup Mine area.
Additionally, Taranis announced the closing of a $200,000 private placement, selling 666,666 flow-through units at $0.30 per unit. Insiders purchased all units, constituting a related party transaction under TSX-V Policy 5.9 and MI 61-101. The company relied on exemptions from formal valuation requirements and obtained disinterested shareholder approval at its recent Annual General and Special Meeting.
Taranis Resources Inc. (TSXV:TRO)(OTCQB:TNREF) has announced the restart of exploration activities at its Thor epithermal deposit following a significant wildfire. The fire affected approximately 75% of the core deposit area, causing extensive damage to vegetation. Despite the fire's intensity, Taranis' core infrastructure remained unscathed, including the core library, exploration camp, and bridges.
Drilling operations are set to resume on Tuesday after securing the affected areas. The company has mobilized an excavator to mitigate the risk of falling trees. One exploration drill sustained fire damage but is expected to be operational soon. The B.C. wildfire service estimated the burn area at 596 Hectares six days ago, and an Evacuation Alert remains in effect since July 23.
Taranis Resources, trading under the symbol TNREF, has initiated a deep drilling program at its Thor property, targeting anomalies identified in a previous airborne survey. The drilling focuses on the Broadview Mine area of the Thor epithermal deposit.
Additionally, Taranis has successfully exercised a third tranche of share purchase warrants, raising $100,000, adding to a total of $600,000 from 3,000,000 warrants exercised at $0.20 per share. The funds are earmarked for ongoing exploration activities.
Furthermore, the company closed two private placements: 1,353,888 non-flow-through units at $0.27 per unit for $365,500, and 20,000 flow-through units at $0.30 per unit for $6,000. These placements include warrants exercisable at $0.35 until July 2026. An additional $200,000 in FT Units is pending shareholder approval.
Taranis Resources announced the commencement of its deep drilling program at the Thor project in Estes Park, CO. This 2024 exploration will be executed by Atlas Diamond Drilling, targeting two primary zones with potential for large, bulk mineable deposits. The first target, an Intrusive Target, is characterized by a 1,300 m x 1,000 m magnetic-low with evidence of significant mineral alteration and enrichment. The second target involves two conductive features known as Tusks, each approximately 3 km long, associated with high-grade mineralization and hypogene alteration. Atlas, experienced with Thor's conditions from previous drilling in 2018, will conduct the drilling.
Taranis Resources Inc. announces the exercise of additional warrants, raising $250,000 for exploring the Thor project. The Company is also modernizing its exploration data at Thor for artificial intelligence analysis, enhancing decision-making capabilities for deep drilling.
Taranis Resources Inc. announces the exercise of warrants and private placements to fund exploration efforts for the possible presence of a porphyry body under the Thor epithermal deposit. The company received $250,000 from share purchase warrants and plans a private placement of up to $1,400,000. The 2024 exploration program will focus on three key targets, including an intrusive target, conductive 'Tusks,' and a continuation of the Thor epithermal deposit.
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