Taranis Resources Announces Updated Mineral Resource Estimate for Thor Project

Taranis Resources Inc. revealed an updated NI 43-101 compliant Technical Report and Mineral Resource Estimate for the Thor Gold-Silver Project in British Columbia. Owning 100% of the Thor project, the company emphasizes its systematic approach toward exploring this deposit, including the use of a gravity separation plant to process material from the True Fissure and Broadview open pits. This initiative aims to delineate the quality of the near-surface epithermal mineral resource.

The Thor deposit is recognized as a mid-size epithermal gold-silver deposit, notable for its surface proximity and conventional accessibility for mining. Recent updates underscore the significance of its location near Revelstoke and detailed plans for future exploration targets slated for 2024, backed by a newly issued 5-year Notice of Work Permit.

Exploration efforts are set to expand, focusing on several promising areas: the Intrusive Target beneath the Thor Deposit, the Western Deeps, and the unexplored Thunder Zone north of the main deposit. These areas offer potential avenues for growth and resource expansion.

The report also shares updated Mineral Resource Estimates, showcasing Thor's potential with indicated and inferred resources spanning gold, silver, copper, lead, and zinc. This estimate aims to underline the project's economic viability while highlighting areas for potential upgrade and further exploration.