Taranis Assays 21.25 g/t Au over 11.45 meters at Thor's SIF Prospect in southeastern British Columbia
September 19 2013 - 9:29AM
Access Wire
Lakewood, Colorado - September 19, 2013 -
Taranis Resources Inc. (TSX-V: TRO) ("Taranis") is pleased to
report the results of a systematic chip-panel sampling program that
has outlined a gold-bearing zone at the SIF Prospect located at
Thor in August of 2013.
Overview and Importance of SIF
Taranis discovered the SIF prospect in 2012, and took several
grab samples from the outcrop that contained significant gold
values, and also contained visible gold (Taranis News Release dated
August 30, 2012). The SIF is a 20 by 8 m wide single outcrop that
occurs west of the Thor Silver deposit that is surrounded by
shallow colluvium and the full extent of the quartz-bearing gold
mineralization is not known. The visible gold occurs entirely
within massive quartz-rich zones that are devoid of any copper,
lead, zinc or silver and as such indicate it is a completely
different deposit type at Thor. The SIF has never been drilled and
is part of a much larger series of gold-bearing outcrops found on
the property (Taranis News Release dated September 4, 2013).
Sampling:
During August of 2013, Taranis completed outcrop washing and
sampling at SIF and also conducted Panel (planar samples made up of
multiple chips collected from a surface with dimensions typically
measuring 1.5 by 1.5 m) sampling over the entire outcrop to fully
understand the distribution and habit of gold mineralization. Line
1 is found on the south end of the outcrop, and Line 13 is found on
the north end of the outcrop. A map has been posted on
http://www.taranisresources.com/ that shows the location of the
samples on the outcropping.
Owing to the high nugget effect of the gold seen in outcrop,
volumetrically large samples were collected using hammer and
chisel, and subjected to metallic sieve fire analysis. A total of
13 lines were sampled, normal to the strike of the quartz-rich
zones. The thickness of the SIF zone is unknown and it can only be
ascertained through diamond drilling, although it is known to
exceed 1.5 m thick in the SIF outcrop.
Results:
The following table summarizes the results of the Panel
sampling. A total of 51 samples were collected and analyzed during
the sampling program.
----------------------------------------------------------------------------
|Line|Weighted |Length |Average |Average |Average |Average |Number |
| |Overall |and |Gold Grade|Gold Grade|Percent |Percentage|of |
| |Gold |Width of|(g/tonne) |(g/tonne) |Weight |of Gold in|Samples |
| |grade |panel |in +150 |in -150 |of |+150 Mesh |In Line |
| |(g/tonne)|samples |Mesh |Mesh |Sample |Fraction |and |
| | |(m) |fraction |fraction |in +150 | |Average |
| | | |(+Au) |(-Au) |Mesh | |Weight |
| | | | | |Fraction| |(kg) of |
| | | | | | | |Each |
| | | | | | | |Panel |
| | | | | | | |sample |
|--------------------------------------------------------------------------|
|1 |2.41 |3.0 x |5.92 |2.21 |5.18% |12.54% |2 / 2.59|
| | |1.5 | | | | | |
|--------------------------------------------------------------------------|
|2 |4.42 |6.0 x |41.04 |2.57 |4.92% |24.17% |4 / 4.44|
| | |1.55 | | | | | |
|--------------------------------------------------------------------------|
|3 |35.86 |6.0 x |301.8 |23.65 |4.60% |30.18% |4 / 2.51|
| | |1.4 | | | | | |
|--------------------------------------------------------------------------|
|4 |11.06 |7.5 x |63.89 |8.46 |4.94% |22.28% |5 / 2.79|
| | |1.35 | | | | | |
|--------------------------------------------------------------------------|
|5 |23.36 |7.5 x |122.67 |17.85 |5.20% |20.25% |5 / 3.00|
| | |1.55 | | | | | |
|--------------------------------------------------------------------------|
|6 |21.25 |11.45 x |151.65 |15.27 |5.32% |28.32% |8 / 2.53|
| | |1.6 | | | | | |
|--------------------------------------------------------------------------|
|7 |10.31 |5.5 x |98.58 |5.95 |4.65% |40.12% |4 / 3.13|
| | |1.55 | | | | | |
|--------------------------------------------------------------------------|
|8 |13.95 |3.9 x |128.2 |9.70 |4.33% |23.94% |3 / 2.64|
| | |1.5 | | | | | |
|--------------------------------------------------------------------------|
|9 |7.64 |4.9 x |54.15 |5.84 |4.51% |37.01% |3 / 3.19|
| | |1.5 | | | | | |
|--------------------------------------------------------------------------|
|10 |13.43 |3.7 x |69.10 |6.56 |4.94% |28.62% |4 / 2.69|
| | |1.5 | | | | | |
|--------------------------------------------------------------------------|
|11 |25.06 |3.6 x |175.10 |8.11 |4.81% |31.05% |4 / 2.92|
| | |1.55 | | | | | |
|--------------------------------------------------------------------------|
|12 |20.57 |4.0 x |98.69 |14.28 |5.03% |13.71% |3 / 2.00|
| | |1.45 | | | | | |
|--------------------------------------------------------------------------|
|13 |3.69 |2.7 x |10.44 |2.97 |5.02% |16.46% |2 / 3.17|
| | |1.5 | | | | | |
----------------------------------------------------------------------------
Roughly 1/3 of the gold occurs within the +150 Mesh fraction.
The +150 Mesh fraction forms on average about 5% of the total
sample, and this indicates significant coarse-grained gold in the
SIF. Volumetrically, most of the gold occurs in the -150 Mesh
fraction and indicates that it is very fined-grained and not
visible to the naked eye.
The lack of any significant silver, copper, lead or zinc or
pyrite in the single outcrop suggests that this is a completely new
form of mineralization at Thor and has received no exploration to
date. The zone is flat lying at SIF, and the quartz body has been
emplaced after the intense folding of the sedimentary rocks that
host the zone.
Quality Control and Analytical Procedures
Samples were analyzed by Acme Labs in Vancouver, Canada. The
samples were prepared using method M150 that produces two size
fractions for analysis (one +150 Mesh "Plus" and the other -150
Mesh "Minus"). 150 Mesh corresponds to approximately 0.105 mm. The
Plus fraction is analyzed in its entirety with gravimetric finish
and is reported as +Au. The minus fraction is analyzed by fire
assay with AA finish and is reported as -Au. - Au fractions that
exceed 10 ppm Au are re-analyzed using fire assay. Fire Assay was
completed on a 30 g sample.
Gold values of both fractions are reported along with the total
gold content of the sample.
Qualified Person
Exploration activities at Thor were overseen by John Gardiner
(P. Geol.) a Qualified Person under the meaning of Canadian
National Instrument 43-101.
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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