Taranis Unveils Potent Drill Results from South Magnetotelluric Conductive Tusk
Wednesday, Nov 27, 2024 2:23 pm ET
4min read Taranis Resources Inc. (TSX.V:TRO)(OTCQB:TNREF) recently shared updates on its Thor project, near Trout Lake, British Columbia, following a deep drilling program targeting the South Magnetotelluric Conductive Tusk. Initial geophysical surveys in 2022 revealed two major conductive features—the South and North Tusks—both situated beneath the Thor epithermal deposit, with the South Tusk located approximately 500 meters below the surface in the Broadview Mine area.
Drilling efforts began with the Thor-241 hole, which was lost at a depth of 105.5 meters, prompting the drilling of Thor-242 60 meters uphill. This hole successfully reached a depth of 576 meters and penetrated the conductivity feature, intersecting a zinc-rich extension of the Broadview Mine. However, subsequent short drill holes Thor-244 and Thor-245 failed to replicate these results.
The composition of the rock encountered in Thor-242 varied, revealing metasedimentary and volcaniclastic rocks transitioning into a black schist metasedimentary unit containing pyrite-rich clasts. Notably, elevated levels of graphitic carbon were found, correlating with the South Tusk's conductive anomaly—a significant observation, as graphitic minerals often indicate potential for metal mineralization.
Taranis Resources aims to leverage advanced geological models and exploration technologies to evaluate resources beneath historical mines in the region. With over 250 drill holes completed, the company is positioned to uncover potentially significant mineral deposits using modern mining techniques.
The drilling results from Thor-242 have raised investors' interest, particularly in relation to the South Tusk target and the ongoing deep drilling program. The Expert Geophysics survey has identified significant conductive features, including the South Tusk, which could potentially host valuable precious and base metals. While the drilling success variance is a risk factor, Taranis' proactive approach in utilizing state-of-the-art exploration tools and modern geological models underscores its commitment to identifying larger deposits that are not visible at the surface.
Despite the setbacks, Taranis' ongoing efforts to evaluate the resources beneath historical mines in the region provide a compelling case for investors to monitor the company's progress closely. The presence of graphitic carbon in the South Tusk adds a layer of complexity, and future drilling results will be pivotal in assessing the viability of this target. As the company continues to explore the region's rich mineral potential, investors should keep an eye on Taranis Resources as a promising player in the exploration and mining sector.
Word count: 598
Drilling efforts began with the Thor-241 hole, which was lost at a depth of 105.5 meters, prompting the drilling of Thor-242 60 meters uphill. This hole successfully reached a depth of 576 meters and penetrated the conductivity feature, intersecting a zinc-rich extension of the Broadview Mine. However, subsequent short drill holes Thor-244 and Thor-245 failed to replicate these results.
The composition of the rock encountered in Thor-242 varied, revealing metasedimentary and volcaniclastic rocks transitioning into a black schist metasedimentary unit containing pyrite-rich clasts. Notably, elevated levels of graphitic carbon were found, correlating with the South Tusk's conductive anomaly—a significant observation, as graphitic minerals often indicate potential for metal mineralization.
Taranis Resources aims to leverage advanced geological models and exploration technologies to evaluate resources beneath historical mines in the region. With over 250 drill holes completed, the company is positioned to uncover potentially significant mineral deposits using modern mining techniques.
The drilling results from Thor-242 have raised investors' interest, particularly in relation to the South Tusk target and the ongoing deep drilling program. The Expert Geophysics survey has identified significant conductive features, including the South Tusk, which could potentially host valuable precious and base metals. While the drilling success variance is a risk factor, Taranis' proactive approach in utilizing state-of-the-art exploration tools and modern geological models underscores its commitment to identifying larger deposits that are not visible at the surface.
GROV, BTBT, SERV, LAES, ASPI...Market Cap, Turnover Rate...
Despite the setbacks, Taranis' ongoing efforts to evaluate the resources beneath historical mines in the region provide a compelling case for investors to monitor the company's progress closely. The presence of graphitic carbon in the South Tusk adds a layer of complexity, and future drilling results will be pivotal in assessing the viability of this target. As the company continues to explore the region's rich mineral potential, investors should keep an eye on Taranis Resources as a promising player in the exploration and mining sector.
Word count: 598
