Taranis Receives Final Approval for Naakenavaara 5-14 Mining Claims in Finland – Land Position Increased to 14 km2 over the...
September 18 2013 - 12:50PM
Access Wire
Lakewood, Colorado - September 18, 2013 -
Taranis Resources Inc. (TSX-V: TRO) ("Taranis") is pleased to
report that it has received final Government approval for its
Naakenavaara 5-14 Mining Claims that are adjacent to the Taranis'
Naakenavaara 1-4 Mining Claims. Collectively, the two properties
cover 14km2 of prospective Proterozoic-age intrusive, volcanic and
sedimentary rocks that form a structural basin known as the
Naakenavaara Syncline.
Naakenavaara 1-4:
Taranis has already outlined a large copper-gold (cobalt-nickel)
deposit on its 100%-owned Naakenavaara 1-4 Mining Claims in
Finland, located 26 km south-southwest of Agnico Eagle's Kittila
Gold Mine. To date, a total of 75 drill holes and 13 trenches have
been completed by Taranis (31 holes), and the Geological Survey of
Finland that show the deposit geometry to be largely flat-lying.
Taranis completed an In-House Resource Estimate and is encouraged
by the results of the study, and will use this to plan future
drilling aimed at enlarging the current deposit and moving it into
NI 43-101 compliant status. Taranis has posted some of the 3-D
images of the deposit on its website
(http://www.taranisresources.com/). Taranis has already instituted
a program of quality control measures in its drill program that
will facilitate the movement into a fully compliant NI 43-101
Resource.
Naakenavaara 5-14:
After completing initial work at Naakenavaara in 2009,
mineralization at Naakenavaara was deemed to be largely stratabound
in nature, and extended outside of the Naakenavaara 1-4 Mining
Claims. In June 2010, Taranis applied for Mining Claims over the
prospective area and completed numerous geophysical surveys
including SkyTEM, ground magnetics and VLF in preparation for the
issuance of the Naakenavaara 5-14 Mining Claims. The Naakenavaara
5-14 Mining Claims have numerous airborne EM targets that are
continuations of the copper-gold bearing areas on Naakenavaara 1-4.
A small placer gold deposit occurs on the east side of the basin in
the town of Siitonen where a river drains the basin, and has
provenance inside the Naakenavaara Syncline.
Overview
John Gardiner, CEO of Taranis states "Our goal is to move
Naakenavaara from an advanced-stage exploration project into a
world-class copper-gold deposit. In order to accomplish this goal,
Taranis needs to conduct infill drilling on the existing deposit to
complete an NI 43-101 compliant Resource Estimate. Of equal
importance is the drilling of the numerous targets on the
Naakenavaara 5-14 Mining Claims that have potential to expand the
mineralization well-outside of the existing deposit".
About Taranis Resources Inc.
Taranis Resources Inc. currently has 35,874,989 shares issued
and outstanding (43,553,324 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per:John J. Gardiner, P. Geol.,
President and CEO
For further information contact:
------------------------------------------------------------
|John Gardiner, P. Geol. |George Kent, P. Eng. Suite |
|14247 West Iliff Avenue |1406, 130 Carlton Street |
|Lakewood, Colorado Phone: |Toronto, Ontario Phone: (416) |
|(303) 716-5922 Cell: (720)|323-0783 Cell: (416) 697-0783 |
|209-3049 |georgerkent@sympatico.ca |
|johnjgardiner@earthlink.net| |
------------------------------------------------------------
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