Taranis Resources outlines two targets at Thor

Executive Summary

• Taranis Resources released an update on its Thor project in British Columbia, revealing that the known Thor epithermal deposit is likely a fragmented portion of a much larger, structurally disrupted system.
• The 2025 drilling program identified the "Borr zone" east of Thor, proving mineralization extends 1.3 km beyond previously drilled limits and suggesting the total system could be five times the size of the current Thor deposit.
• Two high-priority exploration targets for 2026 have been defined: the Nortran target (west) and the Borr zone (east), based on new 3-D geological modeling of intrusive lamprophyre dikes and faulting.

Key Details

• Geological Model Update: The Thor deposit is interpreted as a "rafted block" displaced upward by a lamprophyre intrusive system ~145 million years ago (Jurassic/Cretaceous boundary). It is cut off on the west by the Ripper fault and truncated on the east by the younger lamprophyre intrusive, leaving portions of the system undiscovered to the southwest and northeast.
• Borr Zone Discovery:
  • Located east of the Thor deposit and the lamprophyre dike.
  • Confirmed via 2025 drilling to contain near-surface polymetallic mineralization.
  • Extends 1.3 km beyond the historically drilled Thor deposit limits.
  • Subsurface modeling suggests the Borr zone roots into the Silver Cup anticline; if contiguous, it represents an area approximately five times the size of the existing Thor deposit.
  • Dips moderately (~45 degrees) northeast parallel to the mountainside.
• Nortran Target (Western Deeps):
  • Located west of the Thor deposit.
  • Identified by at least 100 high-grade mineralized float boulders discovered since 2022.
  • Situated directly downhill from conductive EM anomalies.
  • Interpreted as the faulted-off western edge of the Thor epithermal system.
  • Surficial area is equivalent to the existing Thor deposit.
• Lamprophyre Intrusive Body (I-1):
  • 2025 drilling intersected an unknown intrusive lamprophyre dike.
  • While not mineralized, the dike is critical for understanding structural evolution.
  • Genetic origins linked to a larger, untested intrusive body (I-1), evidenced by porphyritic and alkalic pyritized xenoliths found within the dike.
• Age Dating: Potassium/argon (K-Ar) dating by Actlabs confirmed the mineralization age at Thor is ~145 million years (+/- 3 million years), identical to the famous Barkerville mines in the Cariboo district.
• Share Count: 102,421,487 shares issued and outstanding (119,972,613 on a fully diluted basis).

Notable Quotes

• John Gardiner, CEO: "Our updated geological model indicates that the currently defined Thor deposit likely represents only one preserved fragment of a much larger epithermal system... The identification of both the Nortran and Borr targets marks an important step forward in understanding the full scale of the Thor system and provides two additional compelling exploration targets for our upcoming drill program."