Taranis completes geological compilation at Silver Cup

Executive Summary

• Taranis Resources Inc. announced its planned 2026 exploration activities at the Thor project within the Brownfield Silver Cup Mining District, expanding its land position to over 6,000 hectares.
• The company completed a geological and geophysical compilation integrating historical data with modern exploration, identifying potential extensions of the Thor deposit beneath rockslides and historic prospects, potentially extending the deposit's strike length to 5.3 kilometres.
• Key operational updates include the completion of an expanded airborne geophysical survey, efforts to gain access to the east side of Ferguson Creek via new road networks, and continued drilling of the newly discovered Borr zone, which suggests the Thor deposit may be cleaved by a lamprophyre dike.

Key Details

• Land Position: The exploration project now covers over 6,000 hectares, including many historical silver mines with little exploration activity in the past 100 years.
• Regional Geology & Thor Extension:
  • A new compilation integrates historical mapping, mine locations, and geophysical surveys with Taranis's work on the Thor deposit.
  • The Thor deposit (NI 43-101 compliant) is currently 2.3 kilometres in strike length and lies on the southwest side of the Silver Cup anticline.
  • Exploration suggests the southeast extension of Thor may lie beneath the Ferguson rockslide and extend into the historic Slash and Abrahamson prospects.
  • Successful exploration in rockslide-affected areas could extend the Thor deposit up to 5.3 kilometres in strike length.
  • Historical mining operations often missed concealed mineralized zones beneath rockslides due to technical and cost limitations.
• Airborne Geophysical Survey:
  • An expanded airborne magnetic and magnetotelluric survey is being conducted to understand subsurface geology across the expanded land position, as surface exploration is often unsuitable due to steep terrain and rockslides.
  • The 2012 survey over the immediate Thor deposit was validated by drilling as highly valuable for subsurface understanding.
• Access & Infrastructure:
  • Taranis is submitting a notice of work to the Ministry of Critical Minerals to access the east side of Ferguson Creek, an area restricted for over 70 years.
  • The company plans to reactivate old exploration/mining roads to create a network of drilling roads, leveraging a pre-existing road map from early 1900s mining to minimize surface disturbance.
• Borr Zone Discovery:
  • A previously unknown part of the Thor epithermal deposit, the Borr zone, was discovered in 2025 by drilling a deep geophysical anomaly.
  • The discovery involved a lamprophyre dike that intruded and disrupted the Thor deposit, leading to the suspicion that the Thor deposit is cleaved in half.
  • The Borr zone dips under the east side of Great Northern Mountain into Ferguson Creek.
  • High-grade zinc was discovered in outcrop 45 years ago, 600 metres due east of the Borr discovery.
• Upcoming Activities:
  • A 10,000-tonne metallurgical bulk sample is planned to commence in 2026 (details to be released separately).
• Share Count:
  • 102,421,487 shares issued and outstanding.
  • 119,972,613 shares on a fully diluted basis.

Notable Quotes

• "Brownfield mineral exploration does not have to be done around producing mine sites. Taranis's Thor deposit and the accompanying large land position represent a historical high-grade silver mining district that has been underexplored with modern techniques and technology."
• "Rather than having one geologist provide opinions, Taranis has the benefit of having the knowledge of hundreds of geologists thereby gaining incredible insight."
• "Brownfield projects often have faster returns on investment compared with greenfield developments and maximize shareholder value by outlining mineral resources in a focused exploration setting utilizing state-of-the-art exploration methods that often discover concealed mineral deposits."