LAKEWOOD, CO, June 19 /CNW/ - Taranis Resources Inc. ("Taranis") (TSX.V:
TRO) is pleased to announce that drilling has commenced with two diamond drill
rigs on its Thor Property located southeast of Revelstoke, British Columbia.
Taranis owns a 100% interest in 27 Crown Grant Mineral Claims (273
hectares) which host the Thor volcanogenic massive sulphide deposit, and also
owns 100% a number of Mineral Tenures (1,023 hectares) around the Thor
property that is prospective for mineral deposits, as well as for potential
2008 Drilling and Exploration Program
Taranis has engaged Atlas Diamond Drilling Limited to conduct a 10,000 m
NQ-size diamond drilling program at the Thor Property, and Acme Analytical
Laboratories Ltd. to complete analytical work on the drill core. The company
will also undertake geological mapping of the property with particular
emphasis to understanding the structure and alteration associated with the
silver, lead, zinc, copper, gold Volcanogenic Massive Sulphide ("VMS")
President and CEO John Gardiner states "our 2008 drilling activities are
focused in several key areas on the property outside of the True Fissure Zone,
and are designed to comply with 43-101 standards for Resource classification,
as well as testing a number of exploration targets outside of the known areas
of mineralization that could significantly increase the prospective size of
Thor. We are confident that the 2008 drilling program will be an important
step in the delineation of a significant Resource at Thor."
About Taranis Resources Inc.
Taranis currently has 16,477,440 shares issued and outstanding
(19,147,219 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,
14247 West Iliff Avenue, Lakewood, Colorado, Phone: (303) 716-5922 or (720)
209-3049, email@example.com; George Kent, 130 Carlton Street, Toronto,
Ontario, Phone: (416) 323-0783, firstname.lastname@example.org