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Taranis Resources (TSXV: TRO) discovered 2 new bedded sulphide zones at its Thor Project

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The latest results are from drill hole Thor-171, collared east of the Great Northern Zone, tested the northern extension of other high-grade silver-bearing zones that were found in drill holes Thor-155 through to Thor-158 from earlier 2016.

Additional Information:

Company: Taranis Resources
Website: http://www.taranisresources.com
Stock Symbol: TSXV: TRO
Date Published: Sep 12, 2016
Transcript: Available

Video Transcript:

I’m Tia Borden for Investmentpitch Media

Taranis Resources (TSXV:TRO) has discovered 2 new bedded sulphide zones at its Thor Project.

The Thor precious-base metal deposit is located in southeast British Columbia near Revelstoke

The latest results are from drill hole Thor-171, collared east of the Great Northern Zone, tested the northern extension of other high-grade silver-bearing zones that were found in drill holes Thor-155 through to Thor-158 from earlier 2016.

It tested the footwall of the known Great Northern Deposit for additional bedded sulfide horizons under the known Resource.

The drill hole intersected the zones normal to the dip of the zones and approximates their true thickness.

The following results are only for the select high-grade portions of the hole, with assay results pending for the remainder of the hole.

The middle zone showed 2.25 metres with a combined 9.2% of copper/lead/zinc, along with 684 grams per tonne silver and 0.53 grams per tonne gold.

The lower zone showed 3 metres of 6.6% combined copper/lead/zinc, along with 230 grams per tonne silver and 0.27 grams per tonne gold.

In 2013, the company filed a maiden NI 43-101 Resource, showing 6.9 million ounces of silver, 35,000 ounces of gold, 57 million pounds of lead, 79.4 million pounds of zinc, and 3.3 million pounds of copper, in Indicated and Inferred categories, residing in a low-cost, open pit mining operation.

John Gardiner, President and CEO, stated: “The GN Middle and GN Lower zones lie well below the known Great Northern Zone, and are stratiform in nature. The zones have been subjected to folding and faulting along the east side of the Thor Anticline, and have been structurally modified and now exhibit strong quartz vein flooding and annealing of the primary sulfide minerals. Despite this, it is not uncommon to find remnant massive sulfide mineralization that still preserves the delicate sulfide banding characteristic of a SEDEX or distal VMS deposit, and this is an exciting development at Thor.”

These newly discovered zones are expected to add substantially to the existing tonnage and grade.

The company has now completed a number of holes in the area of the deposit and will continue to report results as they become available.

The shares are trading at $0.145 and with 49.8 million shares outstanding, the company is capitalized at $7.2 million.

For more information, please visit the company’s website www.taranisresources.com, contact John Gardiner, President and CEO, at 303-716-5922 or email johngardiner@earthlink.net.

I’m Tia Borden for Investmentpitch Media