Taranis Resources Inc. has identified two concealed intrusive targets at its 100%-owned Thor project in British Columbia. The Company has used an inclusive modeling strategy which merges the variegated data produced by each of the exploration methodologies to pinpoint the most likely location of a mineralized intrusive responsible for the known near-surface mineralization. The results indicate that the pursuit of Taranis' linked-porphyry
epithermal model is a well-founded avenue of exploring the mineral resource at Thor. Methods applied to the target delineation include airborne and ground geophysics, VIS/SWIR/NIR spectrometry, petrology, geochemistry, historical drilling, surface mapping and LiDAR terrain mapping. Unlike most porphyry-type terrains in British Columbia, the Thor project area is dominated by metasedimentary and mafic volcanic rocks at surface. The much younger epithermal mineral deposit and targeted porphyry system appears to be hidden below the surface. Despite this, there are surface indications
that it may sub-crop as evidenced by the 2022 discovery of a monzodiorite boulder field at the Broadview Mine area. The monzodiorite rocks found at Broadview have rare-earth element ("REE") and compositions similar to the 61 million year old Max intrusive located 8 km to the southwest of Thor. Recently completed petrography, field VIS/NIR/SWIR spectrometry and airborne geophysics have documented extensive alteration outside of the Thor epithermal deposit, and provide compelling evidence that alteration is related to a much larger underlying porphyry system. On the southeast margin of Jumbo, mafic volcanic rocks of the Jowett Formation come into contact with Jumbo below the surface. Where the Jowett Formation does outcrop nearly 1 km away from the intrusive/mafic volcanic contact, the mafic volcanic rocks are highly-altered and include pervasive epidote,
chlorite, K-feldspar, amphiboles and magnetite ¡ alteration characteristic of typical B.C. porphyry systems hosted in volcanic rocks. An area called Magic Carpet overlies the area where the Jowett Formation intersects Jumbo at least several hundred meters below the surface, and it is noteworthy that in this area the rocks in the overlying Broadview Formation are extremely altered and contain the single largest cluster of the mineral scheelite (tungsten) at Thor. Scheelite is almost always found associated with intrusive bodies and is found at the Max Mine. Also in this area, previous drilling intersected at least three different mineralized horizons in the epithermal deposit within the Broadview Formation suggesting the underlying
contact between the Jowett Formation and Jumbo may host a large contact-type deposit.