(via TheNewswire)
Summary of 2022 Exploration Activities
Taranis divided its 2022 exploration activities into six main tasks, most of which were focused on exploring peripheral features to the known epithermal deposit that has been cored with over 250 exploration holes by Taranis.
1) Follow-up of the
2) Over 1,500 outcrop and drill core measurements using a Near Infrared and Short Wave Infrared (“NIR-SWIR”) field portable spectrometer that has documented alteration mineralogy associated with epithermal and porphyry-style mineralization. The interpretation of this data is ongoing, but it has already identified distinct minerals typically associated with a contact metamorphism.
3) Continued core drilling on the
4) Petrographic and geochemical analytical work undertaken to document the transition from epithermal to porphyry-style mineralization including oxygen and carbon isotope characterization of alteration associated with the deposit, and U/Pb age dating of newly identified intrusive rocks.
5) Further exploration of the feature called FeNiCo (Megagossan) north of the Thor epithermal deposit that is underlain by a large conducting anomaly, that contains high levels of nickel and cobalt.
6) Filing a Permit Application for a 5-year exploration program in
Discussion
The 2022 Exploration program at Thor marked a pivot for Taranis where it transitioned to the drilling of the intrusive/hornfels target which underlies the Thor epithermal deposit. Although the epithermal deposit remains open in at least two areas and requires additional drilling, Taranis is now focusing most of its attention to the substantive intrusive/hornfels targets for which it has found ample evidence. Three very important geological observations were noted in 2022:
1) The prevailing structure at Thor is the Silver Cup Anticline which has folded all of the sedimentary sequence into a NW-Striking anticline. The Thor epithermal deposit and the underlying magnetite-copper bearing hornfels (hedenbergite-amphibole) unit is related to a much younger structural-intrusive event that transects the Silver Cup Anticline.
2) The Thor property almost certainly preserves an intact epithermal/hornfels/porphyry system. In contrast, the Max porphyry molybdenum deposit located 8 km to the southwest appears to preserve only the (lower) porphyry part of a similar deposit type, and only remnants of the epithermal deposit remain. The entire Max deposit occurs below 1,400 m ASL. Throughout the
3) The presence of hedenbergite-dominated hornfels below the deposit and general lack of garnet are indicative of the siliclastic sedimentary rocks that host the Thor deposit that lack substantial carbonate rocks present in skarn deposits but are strongly suggestive of a nearby diorite-granodiorite intrusive body.
Results of the 2022 exploration program will be announced in future News Releases as the data/information become available.
About
Qualified Person
Exploration activities at Thor were overseen by
the meaning of Canadian National Instrument 43-101.
For additional information on Taranis or its 100%-owned Thor project in
Taranis currently has 85,056,351 shares issued and outstanding (93,965,017 shares on a fully-diluted basis).
Per:
President and CEO
For further information contact:
80517 Phone: (303) 716-5922 Cell: (720) 209-3049 johnjgardiner@earthlink.net |
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