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Last C$0.03 CAD
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As of 2:55 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

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taranis resources inc (TRO) Details

Taranis Resources Inc., an exploration stage company, engages in the acquisition and exploration of precious and base metal projects in Canada and Finland. It has 100% interest in Kettukuusikko property, which consists of 2 mineral claims; Naakenavaara property comprising 14 claims; and Riikonkoski property consisting of 7 claims located in northern Finland. The company also has 100% interest in Thor property that comprises 27 crown granted mineral claims and 19 mineral tenures covering approximately 3,314 hectares in the Revelstoke mining district of British Columbia, Canada, as well as Timbit Claims consisting of 2 mineral claims located in the Slocan Mining District of British Columbia. The company was incorporated in 2001 and is based in Lakewood, Colorado.

Founded in 2001

taranis resources inc (TRO) Top Compensated Officers

Chief Executive Officer, President and Execut...
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Compensation as of Fiscal Year 2013.

taranis resources inc (TRO) Key Developments

Taranis Resources Inc. Auditor Raises 'Going Concern' Doubt

Taranis Resources Inc. filed its Annual on Apr 23, 2015 for the period ending Dec 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Taranis Resources Inc. Results from Ongoing Exploration at its 100%-Owned Thor Silver-Gold- Lead-Zinc-Copper Deposit

Taranis Resources Inc. announced results from ongoing exploration at its 100%-owned Thor silver-gold- lead-zinc-copper deposit located 8 km north of Trout Lake, British Columbia. Gold occurs in an area that is peripheral to the existing NI 43-101 Resource at Thor, and occurs within the zoned mineral deposit. The zonation goes from massive base metal sulphides in the core of the deposit, to massive pyrite-quartz and finally into massive quartz. The latter two zones are highly enriched in gold, and portions of these zones were tested in 2014. Two test areas were drilled in the summer of 2014 using a small core drill that produced EW-size core, and the drilling was limited to areas that had no soil cover. Hole depth was also limited to maximum 6 m, and consequently the drilling did not fully delineate either the SIF or SIF Carbon zones. Sixteen holes were completed in vicinity of the SIF Zone and eight holes were completed in the SIF Carbon Zone. Drilling and sampling was completed to NI 43-101 standards and it is expected that Taranis will complete a Resource Estimate on these two areas in preparation for undertaking a bulk sample in 2015. Three surface stockpiles have also been sampled and surveyed to NI 43-101 standards and are also being considered for bulk sampling. SIF Carbon Zone. An initial shaker table test from the SIF Carbon Zone yielded a sulphide concentrate that graded 512.4 g/t Au and 540 g/t Au. This method also holds promise in extracting the Ag-Pb-Zn-Au-Cu from the main Thor sulphide deposit, and consequently Taranis has sampled and documented these stockpiles to NI 43-101 compliance. Another consequence of gravity concentration is that it reduces the mining footprint on the property, and the capital and infrastructure required is minimal. The initial bulk sample on the property would be taken from the SIF, SIF-Carbon, and the Broadview, Great Northern and True Fissure stockpiles. This could generate a significant cash flow at Thor and would be very useful in understanding the much larger in-situ Resource at the Thor Deposit.

Taranis Resources Inc. Announces the Discovery of a New Gold Zone at Thor

Taranis Resources Inc. announced the discovery of a new gold zone at Thor. SIF Carbon Gold Occurrence: SIF Carbon was found during a routine surface grab sampling program and in summer 2014 was mechanically excavated, power washed, mapped and panel sampled. SIF Carbon and the accompanying high-grade SIF Zone located 180 m to the northwest are not included in the existing NI 43-101 Resource Estimate at Thor, but are rapidly defining a much larger gold bearing target in the previously identified Scab Zone that has never been drilled owing to the steep topography. This gold occurrence is considerably different than the main SIF outcrop. It exists with disseminated to massive pyrite, and is located up-dip and northwest of the True Fissure portion of the Thor deposit. SIF Carbon also has significant silver content, but hosts only minor amounts of base metals. Surface Panel Sampling: A total of 14 surface panel sampling lines spaced 3.0 m apart were completed over the occurrence. Line 0 is located at the northwest end of the zone, and line 13 at the southeast end. The gold-bearing zone extends at least 39 m. Taranis also completed 8 diamond drill holes in the SIF Carbon Zone, the results of which will be made available when the analytical data has been received and compiled. The sampling was completed to rigorous NI 43-101 standards and the SIF Carbon Zone will augment the existing NI 43-101 Resource at Thor. Gravity Separation Testing: Taranis has completed gravity separation tests of the material found at SIF Carbon, and the tests have been successful in producing a gold-silver-pyrite concentrate that could be easily transported offsite for gold extraction. All of the gold and silver accompanies pyrite and other sulphide minerals at SIF Carbon.


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