Taranis Resources Inc. reported on a new type of mineralization at its 100%-owned Thor project and is the most northern intercept to date on the 2.1 km long epithermal Thor deposit. Near the very top of Thor's Ridge quartz-sulphide breccia that hosts quartz, sphalerite, pyrite, tetrahedrite, galena and chalcopyrite was found under a rockslide in drill hole Thor-231. Up to 3.8% copper and 12.1% zinc make it among the highest-grade intercepts found at Thor.

In contrast to typical vein-hosted epithermal-type mineralization at Thor, the hole also hosts widespread low-grade mineralization which is believed to the source of an airborne magnetotelluric anomaly that trends east-west. There are also numerous volcanic dykes in the drill hole which indicate it may have a connection to a previously identified intrusive target called Jumbo. The Thor-231 intercept connects with previous intercepts in the Thunder Zone on the south side of Thor's Ridge and has now outlined a previously unknown part of the deposit that is 350m in length.

Drilling conditions in this area is extremely difficult owing to the presence of the rockslide, and the success rate of drilling into bedrock is less than 50%. Thor-231 was drilled near the top of Thor's Ridge uphill from the 2021 and 2022 drill holes that intersected the Thunder Zone. Six meters below the base of the rockslide, the Thor-231 intersected a wide zone of low- grade mineralization within black carbonaceous schist with volcanic/dyke intercalations, 6% fine-grained pyrite and 20% quartz veining.

Thor-230 was drilled 40 m to the east of drill hole Thor-231. This drill hole intersected a wide zone of alteration and two deep, thin intercepts.