Taranis Intersects 12.07 m of 0.53 g/t Au In Newly Discovered Ankerite Zone



    LAKEWOOD, CO, Jan. 25 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:
TRO) continues to outline a large precious and base metal bearing deposit
found within the Combined Metals Unit ("CMU"), now extending for over 1.6 km
in strike length on its Thor property in southeastern British Columbia.
    The Ankerite Zone is a newly discovered zone found on the north end of
the True Fissure Zone ("TFZ") that primarily hosts gold and silver. The
shallow nature of the zone and geometry make it potentially amenable to
open-pit extraction.

    
                                Ankerite Zone
    

    Fourteen shallow drill holes were completed in an area located between
the TFZ and the Blue Bell South/North Zones, primarily to understand the
connection between these two areas. This area has never been explored and
demonstrates that the CMU connects the two areas, but is dominated by
carbonate-rich facies of the CMU.

    Section 170m North

    Drill holes Thor-31 (-45 degrees) and Thor-32 (-65 degrees) were drilled
from the same setup and indicate that the TFZ is open down-dip of this area.

    
    ----------------------------------------------------------------------
    Thor-31
    ----------------------------------------------------------------------
    From (m)    To       Au      Ag    Cu     Pb (%)   Zn (%)   Thickness
                (m)    (g/t)   (g/t)   (%)                         (m)
    ----------------------------------------------------------------------
     40.54     42.43    0.94   92.16   0.04    1.85     0.93       1.89
    ----------------------------------------------------------------------


    ----------------------------------------------------------------------
    Thor-32
    ----------------------------------------------------------------------
    From (m)    To       Au      Ag    Cu     Pb (%)   Zn (%)   Thickness
                (m)    (g/t)   (g/t)   (%)                         (m)
    ----------------------------------------------------------------------
     42.09     44.59    0.43   11.77   0.02    0.10     3.29       2.50
    ----------------------------------------------------------------------

    Drill holes Thor-33 (-45 degrees) and Thor-34 (-45 degrees) were drilled
up-hill hill from Thor-31 and Thor-32 from two separate setups, and
intersected the up-dip portion of the CMU very close to surface.

    ----------------------------------------------------------------------
    Thor-33
    ----------------------------------------------------------------------
    From (m)    To       Au      Ag    Cu     Pb (%)   Zn (%)   Thickness
                (m)    (g/t)   (g/t)   (%)                         (m)
    ----------------------------------------------------------------------
     29.41     31.00    0.61   43.78   0.41   Trace     0.02       1.59
    ----------------------------------------------------------------------


    ----------------------------------------------------------------------
    Thor-34
    ----------------------------------------------------------------------
    From (m)    To       Au      Ag    Cu     Pb (%)   Zn (%)   Thickness
                (m)    (g/t)   (g/t)   (%)                         (m)
    ----------------------------------------------------------------------
      6.10     7.62     0.63   17.07   0.02    0.31     0.23       1.52
    ----------------------------------------------------------------------

    Section 230m North

    Drill holes Thor-35 (-45 degrees), Thor-18 (-45 degrees) were drilled from
different setups and indicated that the zone starts to pinch-out to the north
before continuing into the Blue Bell Mine.

    ----------------------------------------------------------------------
    Thor-35
    ----------------------------------------------------------------------
    From (m)    To       Au      Ag    Cu     Pb (%)   Zn (%)   Thickness
                (m)    (g/t)   (g/t)   (%)                         (m)
    ----------------------------------------------------------------------
      3.72     6.10     0.02   12.17   0.02    0.62     0.20       2.38
    ----------------------------------------------------------------------

    Thor-18 intersected a wide zone of gold mineralization within highly
deformed quartz-sulphide breccia of the CMU.

    ----------------------------------------------------------------------
    Thor-18
    ----------------------------------------------------------------------
    From (m)    To       Au      Ag    Cu     Pb (%)   Zn (%)   Thickness
                (m)    (g/t)   (g/t)   (%)                         (m)
    ----------------------------------------------------------------------
     22.65     34.72    0.53    7.93   0.01    0.02     0.01      12.07
    ----------------------------------------------------------------------


    Thor-40 (-45 degrees) was drilled down-dip of hole Thor-18 and failed to
intersect any significant mineralization and indicates that the zone is
faulted-off at depth.

    Section 295m North

    Drill hole Thor-36 (-45 degrees) was drilled up the hill from a setup
where drill holes Thor-37, Thor-38 and Thor-39 were collared.

    ----------------------------------------------------------------------
    Thor-36
    ----------------------------------------------------------------------
    From (m)    To       Au      Ag    Cu     Pb (%)   Zn (%)   Thickness
                (m)    (g/t)   (g/t)   (%)                         (m)
    ----------------------------------------------------------------------
      5.27     6.64     0.60   16.14   0.10    0.01     0.01       1.37
    ----------------------------------------------------------------------

    Thor-37 (-45 degrees), Thor-38 (-65 degrees) and Thor-39 (-85 degrees)
were drilled from the same setup. The uppermost holes intersected zones of
precious metal and copper mineralization.

    ----------------------------------------------------------------------
    Thor-37
    ----------------------------------------------------------------------
    From (m)    To       Au      Ag    Cu     Pb (%)   Zn (%)   Thickness
                (m)    (g/t)   (g/t)   (%)                         (m)
    ----------------------------------------------------------------------
     28.35     30.85    0.43   57.49   0.22   Trace     0.02       2.50
    ----------------------------------------------------------------------


    ----------------------------------------------------------------------
    Thor-38
    ----------------------------------------------------------------------
    From (m)    To       Au      Ag    Cu     Pb (%)   Zn (%)   Thickness
                (m)    (g/t)   (g/t)   (%)                         (m)
    ----------------------------------------------------------------------
     22.37     26.46    0.54   18.79   0.08   Trace     0.01       4.09
    ----------------------------------------------------------------------
    

    Thor-39 intersected only a wide zone of anomalous gold and silver
mineralization, and indicates that the zone is faulted-off at depth.

    Section 325m North

    Thor-19 (-45 degrees) was completed on this section and failed to
intersect any significant mineralization.

    Section 385m North

    Thor-20 (-45 degrees) and Thor-21 (-90 degrees) were completed on this
section from the same setup and failed to intersect any significant
mineralization. This area is the furthest known extent of the CMU before
entering the Blue Bell Mine area.
    John Gardiner, President and CEO of Taranis Resources Inc. states "The
Ankerite Zone is a previously undocumented type of mineralization at Thor, and
is found in the carbonate and silica-rich portions of the CMU. Similar to the
TFZ, the Ankerite Zone is faulted-off at depth along a fault that has
tectonically transposed portions of the CMU. Taranis believes that the other
portion of the zone continues at depth under the Great Northern Zone found
500 m south of this area."
    Analytical work was completed by the AccurAssay Laboratories in Thunder
Bay, Ontario that is accredited to Standards Council of Canada, Scope of
Accreditation 434 (conforms with requirements of CAN-P-4D (ISO/IEC 17025), and
CAN-P-1579). Drill core is logged on-site and is sawed in half for analysis.
One half is retained for geologic records and further assay verification if
required. Exploration activities on the Thor property were overseen by John
Gardiner (P. Geol.) and Jim Helgeson (P. Geo.), both Qualified Persons under
the meaning of Canadian National Instrument 43-101.

    About Taranis Resources Inc.

    Taranis currently has 14,847,008 shares issued and outstanding
(16,530,376 shares on a fully-diluted basis).

    TARANIS RE

SOURCES INC. Per: John J. Gardiner (P. Geol.), President and CEO The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information:

For further information: For Investor Relations, contact: John Gardiner,
14247 West Iliff Avenue, Lakewood, Colorado, Phone: (303) 716-5922 or (720)
209-3049, info@taranis.us; George Kent, 130 Carlton Street, Toronto, Ontario,
Phone: (416) 323-0783, georgerkent@sympatico.ca

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