Taranis Granted 5-Year Permit for Exploration in Broadview Mine Area Southeast of Existing Resource
Lakewood, July 25, 2017 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to update exploration activity related to its 100%-owned Thor project. Taranis has received approval of a 5-year exploration permit from the Ministry of Energy and Mines that will involve construction of 35 drill sites and new trail construction in the Broadview Mine area. The Broadview exploration will be the continuation of delineation drilling southeast from the Great Northern Mine deposit.
John Gardiner, President and CEO remarks "The top of Broadview Mountain exposes one of the highest-grade portions of the Thor deposit, and hand-sorted stockpiles of ore can be found that were sent directly to smelters. Drilling in this area of the Thor deposit, Taranis expects to add considerable tonneage to the existing Resource. The Broadview Mine area was the original discovery area for the Thor deposit in the late 1890's, but was held by a separate company (Park Syndicate) until it was consolidated in the early 1970's into the contiguous 27 Crown Grant package now owned by Taranis. Although five exploration adits were put into the Broadview zone in the early 1900's, the area has seen no core drilling outside of a few shallow holes completed by Taranis in 2008.".
About Taranis Resources Inc.
Taranis is an exploration company focused on the development of its 100%-owned Thor project in southeast British Columbia. The company's mandate is to recognize mineral deposits early in the exploration cycle that can be developed through intelligent exploration and business alliances. For additional information on Taranis or its Thor project, please visit our website at www.taranisresources.com.
Taranis currently has 55,451,716 shares issued and outstanding (62,626,716 shares on a fully-diluted basis).
Per: John J. Gardiner (P. Geol.),
President and CEO
For further information contact:
| John J. Gardiner 14247 West Iliff Avenue Phone: (303) 716-5922 Cell: (720) 209-3049 johnjgardiner@earthlink.net |
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