Taranis Resrcs Stock Price, News & Analysis

Taranis Resources Inc. (TSX.V:TRO, OTCQB:TNREF) has completed a mass-balance alteration study of their 2024 deep drilling program at Thor, SE British Columbia. The study analyzed 252 drill core samples for major elements, trace elements, and rare-earth elements to measure hydrothermal alteration in deeply buried intrusive targets.

The analysis revealed significant findings in the 'Spider Hole' area, where drilling showed mass/volume gains indicating widespread hydrothermal alteration over hundreds of meters. The formations demonstrated an influx of Silica, Sodium, Calcium, Carbonate, and Total Iron, along with elements like arsenic, zinc, gold, and boron.

A key discovery includes a large conductive halo surrounding an intrusive target, measuring 2 km in diameter, identified through an airborne magnetotelluric survey. Drill Hole Thor-242 intersected rocks containing 3-4% graphitic carbon in this area. The company is now focusing on finding a large intrusive-hosted deposit enriched in precious and base metals connected to the Thor epithermal deposit.

Taranis Resources (TSXV:TRO, OTCQB:TNREF) has provided updates on its 2024 exploration work at the Thor project, focusing on identifying the source of high-grade boulders discovered west of the Thor epithermal deposit. The company conducted systematic exploration including:

- Soil sampling grid (204 samples) identifying seven potential sources, with Targets 2 & 3 showing high importance
- Additional surface grab sampling (47 samples) showing high-grade results with unique characteristics
- VLF and magnetic surveys revealing a circular feature spatially related to Target areas 3 and 4
- Three short diamond drill holes providing depth information to bedrock

The exploration area is considered highly prospective as it lies west of the Ripper Fault, where a previous high-grade gold & silver occurrence called Gold Pit was found with channel sample results of 6.38 g/t Au, 576 g/t Ag, 0.031% Cu, 7.6% Pb, 0.11% Zn and 0.14% Sb over 0.66m.

Taranis Resources (TNREF) has completed comprehensive geochemical studies at their Thor project, revealing significant evidence of a deep mineralized intrusive body. The company identified widespread chemical alterations extending hundreds of meters around the intrusive body through Gresens method analysis of drill core samples.

The study revealed distinct alteration patterns including sericitization, chloritization, carbonatization, and albitization, with five different alteration zones identified. Key findings include the discovery of the I-1 and I-2 intrusive features, with I-1 showing highly anomalous levels of boron, gold, zinc, arsenic, and tungsten. The presence of a circular resistive body (I-1) beneath the epithermal deposit is consistent with geochemical patterns.

The company plans to utilize this geochemical data in conjunction with upcoming geophysical survey programs planned for summer 2025, having removed land constraints around the eastern side of the Thor project area.

Taranis Resources (TSX.V:TRO, OTCQB:TNREF) has reported results from two drill holes (Thor-246 and Thor-247) located 0.6 km southeast of the Broadview Mine at their Thor project. Thor-246 intercepted a 53.0m wide zone of geochemical gold (up to 0.452 g/t Au) with elevated arsenic, tin, tungsten, and zinc levels. The drilling targeted the Z-900/1300 anomaly, revealing evidence of a large-scale intrusive-related hydrothermal system.

Key findings include the presence of andradite-grossular garnet and ludwigite minerals, indicating contact metamorphic zones around an intrusive body. Thor-247, drilled up-dip from Thor-246, encountered anomalous gold in two intervals with elevated zinc mineralization. Both holes showed increasing gold and arsenic content with depth, suggesting proximity to a mineralized alkalic intrusive body.

Taranis Resources (TNREF) has announced significant findings from its 2024 diamond drilling program at the Thor project, revealing two previously undocumented intrusive bodies. The exploration was guided by a 'linked epithermal-porphyry' geological model, marking the first discovery of intrusive rocks in Thor's 130-year history.

The company identified two distinct intrusive events: Intrusive Event #1 (I-1), a 1.2 km diameter circular-shaped igneous body located 2.0 km southeast of the epithermal deposit, and Intrusive Event #2 (I-2), a younger dyke system flanking I-1. I-1 is believed to be the source of precious and base metals in the Thor epithermal deposit, while I-2 is a later formation that has disrupted the epithermal deposit.

The discovery followed a 2022 airborne magnetotelluric/magnetic survey and includes zones of advanced argillic alteration with anomalous gold over substantial widths (+30m). The company is conducting ongoing investigations including geochemistry, age-dating, and TEM mineralogical analyses at the Colorado School of Mines.

Taranis Resources (TSX.V:TRO, OTCQB:TNREF) has submitted a new Notice of Work (NoW) permit application on January 28, 2025, for exploring a newly identified area at the Thor Property. The application includes five drill sites along an existing access road.

While the company already holds a 5-year MYAB permit issued in March 2024, drilling from the access road would be more efficient, reduce total drilling meters, and minimize environmental impact. The company aims to receive the permit before summer 2025.

This application comes amid British Columbia Premier David Eby's recent acknowledgment that the province needs to expedite permits and improve mining exploration. According to Natural Resources Canada, exploration expenditures in British Columbia have declined nearly 50% since 2022, despite increased demand for critical minerals.

Taranis Resources (TSXV:TRO)(OTCQB:TNREF) has completed the acquisition of a 1,634 Ha property adjacent to its Thor project, including the past-producing Nettie L. Mine and portions of the Silver Cup Mine area. The acquired mineral tenures were issued between 2005 and 2016.

In 2024, the company redirected exploration drilling at Thor to deeper areas with potential for large, bulk-mineable deposits. Using Expert Geophysics' airborne magnetotelluric system, Taranis identified new intrusive bodies and three concentric zones of hydrothermal alteration underlying the Thor epithermal deposit. The exploration targets measure up to 1km in length.

The company employs a linked-epithermal porphyry type model, suggesting that near-surface, high-grade mineralization may be underlain by a deeper source, potentially an intrusive or associated alteration zone. Taranis uses geophysical surveys and three-dimensional modeling to identify and validate drilling targets.

Taranis Resources has engaged Novus Engineering to complete engineering and reclamation planning for a 10,000-tonne bulk sample at its Thor precious metals project in British Columbia. The project aims to gather accurate grade, crushing, and separation data.

Key developments include: The British Columbia Ministry granted the final Mines Act Permit on July 26, 2021, which was extended to August 21, 2028. Additionally, the Canada Revenue Agency reversed a 2021 ruling, now allowing Canadian Exploration Expenses treatment for permitting expenditures from 2017-2018.

The bulk sampling program will focus on determining physical, chemical, and mechanical characteristics of the mineral resource, including effective grade and gravity separation potential. This work will run parallel with ongoing drilling efforts to expand the mineral resource.

Taranis Resources reports on drill testing of the South Magnetotelluric Conductive Tusk Target at its Thor project in British Columbia. The company completed drilling operations targeting the South Tusk, one of two major conductive features identified in a 2022 MT and Magnetic survey. Drill hole Thor-242 reached 576m depth, intersecting a zinc-rich continuation of the Broadview Mine with average values of 38 ppb Au, 8.7 g/t Ag, 0.12% Cu, 0.90% Pb, and 5.10% Zn over 4.73m. Analysis revealed high graphitic carbon content in the black schist unit, explaining the conductive anomaly. The findings suggest the North and South Tusks are related to a large thermal alteration zone underlying the Thor epithermal deposit.