Taranis Initiates Drilling the Intrusive Target at Thor and Announces Granting of Incentive Stock Options
Taranis Resources (OTCQB:TNREF) has commenced drilling operations targeting an intrusive body southeast of the Thor epithermal deposit. The exploration focuses on two key areas: an upper elongate portion (Z-900/1300) between 900-1300m ASL and a deeper circular resistive feature (I-1) below 900m ASL.
The company's 2024 drilling program identified significant zones up to 53m of geochemical gold, arsenic, and zinc mineralization. The target area shows propylitic alteration and contact-related alteration minerals, suggesting potential intrusive-related mineralization. Additionally, Taranis has granted 2,000,000 incentive stock options to Directors and Officers at $0.26 per share with a five-year term.
Taranis Resources (OTCQB:TNREF) ha avviato le operazioni di perforazione mirate a un corpo intrusivo a sud-est del giacimento epitermale Thor. L'esplorazione si concentra su due aree principali: una porzione superiore allungata (Z-900/1300) tra i 900 e i 1300 metri sul livello del mare e una struttura circolare resistiva più profonda (I-1) al di sotto dei 900 metri sul livello del mare.
Il programma di perforazione 2024 dell'azienda ha individuato zone significative con fino a 53 metri di mineralizzazione geochimica di oro, arsenico e zinco. L'area target presenta alterazione propilitica e minerali di alterazione legati al contatto, suggerendo una possibile mineralizzazione correlata a intrusioni. Inoltre, Taranis ha concesso 2.000.000 di opzioni azionarie incentivanti a Direttori e Dirigenti al prezzo di 0,26 dollari per azione con una durata di cinque anni.
Taranis Resources (OTCQB:TNREF) ha iniciado operaciones de perforación dirigidas a un cuerpo intrusivo al sureste del depósito epitermal Thor. La exploración se centra en dos áreas clave: una porción alargada superior (Z-900/1300) entre 900 y 1300 metros sobre el nivel del mar y una característica circular resistiva más profunda (I-1) por debajo de los 900 metros sobre el nivel del mar.
El programa de perforación 2024 de la compañía identificó zonas significativas con hasta 53 metros de mineralización geoquímica de oro, arsénico y zinc. El área objetivo muestra alteración propilítica y minerales de alteración relacionados con el contacto, lo que sugiere una posible mineralización relacionada con intrusiones. Además, Taranis ha otorgado 2,000,000 opciones de acciones incentivadas a Directores y Oficiales a $0.26 por acción con un plazo de cinco años.
Taranis Resources (OTCQB:TNREF)는 Thor 열수광상 남동쪽에 위치한 관입체를 목표로 시추 작업을 시작했습니다. 탐사는 해발 900~1300m 사이의 상부 길쭉한 구역(Z-900/1300)과 해발 900m 이하의 더 깊은 원형 저항성 구조(I-1) 두 주요 지역에 집중되고 있습니다.
회사의 2024년 시추 프로그램은 최대 53m의 금, 비소, 아연의 지구화학적 광화대를 확인했습니다. 목표 지역은 프로필리틱 변질과 접촉 관련 변질 광물을 보여 관입체 관련 광화 가능성을 시사합니다. 또한 Taranis는 이사 및 임원에게 2,000,000주의 인센티브 스톡옵션을 주당 $0.26에 5년 만기로 부여했습니다.
Taranis Resources (OTCQB:TNREF) a commencé les opérations de forage ciblant un corps intrusif au sud-est du gisement épithermal Thor. L'exploration se concentre sur deux zones clés : une partie supérieure allongée (Z-900/1300) entre 900 et 1300 m d'altitude et une structure circulaire résistive plus profonde (I-1) en dessous de 900 m d'altitude.
Le programme de forage 2024 de la société a identifié des zones significatives avec jusqu'à 53 m de minéralisation géochimique en or, arsenic et zinc. La zone cible présente une altération propylitique et des minéraux d'altération liés au contact, suggérant une minéralisation potentiellement liée à une intrusion. De plus, Taranis a accordé 2 000 000 d'options d'achat d'actions incitatives aux administrateurs et dirigeants à 0,26 $ par action pour une durée de cinq ans.
Taranis Resources (OTCQB:TNREF) hat Bohrarbeiten aufgenommen, die auf einen intrusiven Körper südöstlich des Thor-Epithermallagerstätten abzielen. Die Exploration konzentriert sich auf zwei Hauptbereiche: einen oberen länglichen Abschnitt (Z-900/1300) zwischen 900 und 1300 m über dem Meeresspiegel sowie ein tiefer gelegenes, kreisförmiges resistives Merkmal (I-1) unterhalb von 900 m über dem Meeresspiegel.
Das Bohrprogramm 2024 des Unternehmens identifizierte bedeutende Zonen mit bis zu 53 m geochemischer Gold-, Arsen- und Zinkmineralisierung. Das Zielgebiet zeigt propylitische Alteration und kontaktbezogene Alterationsminerale, was auf eine potenzielle intrusionsbezogene Mineralisierung hindeutet. Zusätzlich hat Taranis 2.000.000 Anreizaktienoptionen an Direktoren und Führungskräfte zu $0,26 pro Aktie mit einer Laufzeit von fünf Jahren gewährt.
- Discovery of wide zones (up to 53m) of geochemical gold, arsenic, and zinc mineralization
- Identification of significant geological features including propylitic alteration characteristic of porphyry-type environment
- Evidence of mass addition of tin and tungsten consistent with intrusive-related hydrothermal alteration
- Main intrusive target remains untested despite previous drilling attempts
- Exploration results are still preliminary with no defined resource estimates
ESTES PARK, CO / ACCESS Newswire / July 15, 2025 / Taranis Resources Inc. ("Taranis" or the "Company") (TSXV:TRO)(OTCQB:TNREF) is providing an update on exploration activities at Thor. All of the 2025 exploration drilling is being directed in an area southeast of the Thor epithermal deposit and is aimed at discovery of an intrusive body.
Recent Investigations of the Intrusive Target
In 2024 Taranis completed deep exploration holes from the top of Broadview Mountain targeting two airborne geophysical anomalies. This area is 1km southeast of the Broadview Mine and despite the lack of historic mines in this area, recent exploration work has shown it to have extensive propylitic alteration characteristic of the outer margins of a porphyry-type environment. This alteration forms two concentric dyke-like bodies (I-2 east and west) that encapsulate a deeply buried central resistivity anomaly (I-1).
The I-2 features are the youngest geological units at Thor and cut the Thor epithermal deposit at depth. Both I-2, the epithermal deposit, and I-1 are undeformed late-stage features superimposed on the highly-folded host rocks that are part of the Silver Cup Anticline. The mineralogy of I-2 is primarily albite, garnet, amphibole, chlorite, quartz and magnetite.
The intrusive target at Thorhas two parts associated with it, an upper elongate portion referred to as Z-900/1300 that occurs between 900 and 1300m ASL, and a deeper circular resistive feature called I-1 that is found below 900m ASL to at least 0m ASL. The composite resistivity anomaly presence is manifested at surface however, the most obvious being a large hill overlying the hard and resistive rocks associated with the composite resistivity feature. Other important exploration criteria include the bracketing of the feature by widespread propylitic alteration, and the presence of mineralogy characteristic of contact-related alteration including albite, ludwigite and hornfels.
Geochemical Gold, Arsenic and Zinc Associated with I-1 and Tungsten Tin Enrichment
In 2024, Taranis was able to identify wide zones (up to 53m) of geochemical gold, arsenic and zinc mineralization beneath I-2, and west of the I-1 resistivity anomaly in drill holes Thor-246, Thor-247and Thor-248 (Taranis News Release dated February 25th, 2025). As neither the Z-900/1300 nor I-1 resistivity anomaly was intersected in this drilling, the main intrusive target at Thor remains untested and is the focus of the 2025 exploration drilling. Geochemical levels of gold, arsenic and zinc occur in a phyllic alteration zone, characterized by the presence of muscovite (fuchsite), carbonate, albite and quartz. These rocks are fine-grained, non-foliated and are interpreted to be distal edges of a sodic-calcic intrusive body (I-1). Quantitative alteration studies (Gresen method) show that the rocks have had mass addition of tin and tungsten, and this would be consistent with intrusive-related hydrothermal alteration. Drilling from the main access road at Thor will allow Taranis to fully evaluate the I-1 and Z-900-1300 target this summer.
Granting of Incentive Stock Options
Taranis also announces that it has granted incentive stock options to its Directors and Officers, entitling them to purchase up to a total of 2,000,000 shares at a price of
Qualified Person
Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under the meaning of Canadian National Instrument 43-101. John Gardiner is the principal of John J. Gardiner & Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner is the President and CEO of Taranis Resources inc. and has reviewed and approved the comments contained within this News Release.
Taranis currently has 100,348,794 shares issued and outstanding (113,827,227 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geo.), President and CEO
For further information contact:
John J. Gardiner
681 Conifer Lane
Estes Park, Colorado 80517
Phone: (303) 716-5922
Cell: (720) 209-3049
johnjgardiner@earthlink.net
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.
SOURCE: Taranis Resources, Inc.
View the original press release on ACCESS Newswire
FAQ
What is the focus of Taranis Resources' (TNREF) 2025 drilling program at Thor?
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What type of alteration has been identified in the Thor project's exploration area?
