LAKEWOOD, CO, March 13 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:
TRO), a Colorado-based resource company with a number of gold and silver
projects, announces that it has engaged Quantec Geoscience Inc. to undertake a
deep penetration E.M. survey over its 100% owned Thor Property, located near
Trout Lake, British Columbia prior to undertaking a planned 7,000 metre
diamond drilling program aimed at further exploring the five known mines on
the property. Portable camps have been purchased and a diamond drilling
contract has been signed.
Line cutting and geophysical survey work will be initiated as soon as
access to the property is possible, typically in mid May. The Company plans to
delineate the known mineralization according to 43-101 standards and plans to
explore for additional similar VMS mineralization at depth. Further
geophysical work to be undertaken on the property will include ground
magnetics, VLF and gravity surveying.
George Kent, V.P. Corporate Development of Taranis Resources Inc. states
that the Company is still assembling historical exploration data that will
prove to be invaluable in planning the 2007 drilling program. One conclusion
that can be drawn from this research is that there has been virtually no
exploration on the Thor Property aimed at identifying down-dip and down-plunge
extensions of the known precious and base metal mineralization seen at surface
on Thor. The surveys will help Taranis identify and rank the exploration
targets that could significantly enhance the tonnage potential of the known
mineralization at Thor. The mineralization variously ascribed to vein and/or
replacement categories is with the help of contracted ore microscopy now
believed to be VMS related, and would suggest the ore horizon has considerable
Surface sampling at the Thor Property completed in October 2006
identified ore-grade base and precious metal values over a strike length of
1.4 km (see News Release dated November 16, 2006).
About Taranis Resources Inc.
Taranis is a precious metal resource company that owns 100% interests in
three active exploration projects: 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) Thor in British Columbia. Taranis currently has 13,690,168
shares issued and outstanding (15,868,418 shares on a fully-diluted basis).
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,
President, 14247 West Iliff Avenue, Lakewood, Colorado, Phone: (303) 716 5922,
email@example.com; George R. Kent, V.P. Corp. Development, 1406-130
Carlton Street, Toronto, Ontario, Phone: (416) 323 0783,