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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 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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