Taranis has taken a systematic approach to exploring the Thor Deposit. The steps have involved:
Defining the Mineral Resource in the near surface epithermal deposit.
Delineating peripheral exploration targets.
Permitting and construction of a gravity separation plant onsite to process 10,000 t of Mineral Resource from the True Fissure and
A Strong Toehold at Thor
Thor is categorized as a mid-size epithermal gold-silver deposit in the 2024
Some of the comments in the P&E report include: The Property benefits significantly from excellent access and close proximity to the
The Authors are of the opinion that the current Mineral Resource Estimate meets the reasonable prospect of eventual economic extraction. The Authors have experience with other similar projects and are of the opinion that the NSR $/t cut-off value and cost assumptions are reasonable.
The Path to Making
Over the past four years, Taranis has been exploring other targets at Thor that would provide additional avenues of growth. These targets are all going to be explored further in 2024 now that the Company has been issued a 5-year Notice of Work Permit.
The Intrusive Target (Elephant) - a suspected intrusive body that may be mineralized that underlies the Thor Deposit and has acted as the source of the Thor epithermal deposit. Many pieces of evidence support its existence, including geochemistry of rocks, alteration of metasedimentary host rocks, and geophysics.
A western portion of the Thor epithermal deposit that has been downfaulted west of the known deposit (Western Deeps) - Prospecting in 2023 discovered a large boulder field of epithermal material that is located uphill of the Thor epithermal deposit.
A northern extent to the main Thor Deposit (
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration, however there is no certainty an upgrade to the Inferred Mineral Resource would occur or what proportion would be upgraded to an Indicated Mineral Resource.
The following parameters were used to derive the NSR block model C$/tonne cut-off values used to define the Mineral Resource:
Exchange rate of
Process recoveries of Au 90%, Ag 90%, Cu 85%, Pb 90%, Zn 90%
Open pit
Out-of Pit
Pit slopes were 50 degrees.
Totals may not sum due to rounding.
The MRE was undertaken by
About Taranis
Contact:
Tel: (720) 209-3049
Email: johnjgardiner@earthlink.net
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