LAKEWOOD, CO, June 26 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:
TRO), a Colorado-based resource company with a number of gold and silver
projects in Nevada, British Columbia and Finland, is pleased to provide an
update of its ongoing exploration activities on the Thor Property, British
Drilling has commenced on the Thor Property on the True Fissure Area of
the Thor Property utilizing one NQ-diameter core drill. A Weatherport camp has
been erected on the old mill site that has core logging, core sawing, and
office facilities. Line cutting and geophysical surveys are scheduled to
commence within the next several days and were delayed by a prolonged thaw of
heavy snows that accumulated in the area.
Taranis Resources Inc. owns a 100% interest in the Thor Property which
was acquired in 2006 after a due diligence review that demonstrated
significant precious and base-metal mineralization over a strike length of
1.4 km (News release dated 11/16/2006).
About Taranis Resources Inc.
Taranis is a precious metal resource company that owns 100% interests in
three active exploration project: 1) three properties ready for drilling in
Nevada, USA 2) the advanced-stage Kettukuusikko property located in Lapland,
Finland, currently being explored and drilled by Taranis and Royal Gold, Inc.
of Denver and 3) the Thor property located in British Columbia. Taranis
currently has 13,690,168 shares issued and outstanding (15,868,418 shares on a
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