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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.
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Taranis Resources Inc. has successfully reversed a ruling by the Canada Revenue Agency regarding the use of Canadian Exploration Expenses treatment for certain expenditures incurred in 2017 and 2018. The ruling was made in response to the company's request for loss determination. The history of Bulk Sample Permitting at Thor, the CRA audit of CEE-eligibility of Exploration 10,000 tonne Bulk Sample, and the completion of an engineering site investigation are discussed in the press release.
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Taranis Resources Inc. is providing an update on permitting work at Thor, managed by the Province of British Columbia's Ministry of Energy, Mines and Low Carbon Innovation. Taranis filed a petition for Judicial Review with the Supreme Court of British Columbia due to delays and is working to schedule the hearing. The company has continued to engage in discussions with EMLI and has posted a $54,000 reclamation bond. EMLI also received a request from the U.S. based Lakes Tribe of the Colville Confederated Tribes to engage on Taranis' NoW permit application.
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Taranis Resources Inc. (TSX.V:TRO)(OTCQB:TNREF) reports on the first of five drill holes in the Thunder Zone at Thor in 2023. Exploratory drilling aimed to improve understanding of unique breccia-type mineralization and its relationship to an underlying conductive body found on an airborne Mag/MT survey. Ongoing delays associated with a Notice of Work permit precluded exploration of the deeper target. Thor-235 drilling continued to intersect mineralization under a rockslide. Re-examination of Drill Hole Thor-74 and Geochemical Rock Unit and Alteration Characterization at Thor were also reported.
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Taranis Resources Inc. (TRO:TSX.V)(TNREF:OTCQB) summarizes the 2023 summer exploration season on its 100%-owned Thor project in Southeast British Columbia. The company discovered a boulder field with high-grade silver and gold values and completed 888m of diamond drilling in the Thunder Zone. P&E Mining Consultants conducted an onsite review and resampling for a NI 43-101 Mineral Resource Update. Taranis also upgraded bridges, completed reclamation, and engaged in XRD studies and petrophysical measurements. The company's President and CEO, John Gardiner, commented on the exciting discoveries and the potential impact on the mineralization at the Thor property.
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Taranis Resources Inc. provides an initial report on exploration conducted in 2023 at Thor. The discovery of mineralized boulders west of the Ripper Fault suggests that the epithermal mineral resource at Thor extends further than previously known. The company plans to drill deep holes in 2024 to explore the potential of the Horton target. The initial sample analyses show differences in metal content compared to the main Thor deposit, indicating a geological link between Horton and Gold Pit.
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Taranis Resources Inc. files judicial review petition due to government delay in processing exploration permit application
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FAQ
What is the current stock price of Taranis Resrcs (TNREF)?
The current stock price of Taranis Resrcs (TNREF) is $0.1654 as of February 28, 2025.
What is the market cap of Taranis Resrcs (TNREF)?
The market cap of Taranis Resrcs (TNREF) is approximately 16.5M.
Where is Taranis Resources Inc. located?
Taranis Resources Inc. is a Canadian mineral exploration company with its primary project, Thor, located in southeast British Columbia.
What is the Thor Project?
The Thor Project comprises 3,807 hectares of Mineral Tenures and 27 Crown Grant titles in British Columbia, focusing on precious and base minerals.
What has Taranis accomplished at the Thor Project?
Taranis has linked historical mines into a single, near-surface epithermal deposit through extensive drilling. They are now pursuing deep drilling to confirm a large intrusion-related deposit.
Who oversees exploration activities at Thor?
Exploration activities at Thor are overseen by John Gardiner (P. Geo.), a Qualified Person under Canadian National Instrument 43-101.
How can I get more information on Taranis and the Thor project?
For additional information on Taranis or its 100%-owned Thor project in British Columbia, visit www.taranisresources.com.
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