- Taranis Resources (OTCQB:TNREF) has initiated its 2025 drilling program, focusing on a major intrusive target at the Thor site. - Significant mineralization was discovered in 2024, highlighting zones up to 53 meters of geochemical gold, arsenic, and zinc. - The company has granted 2,000,000 incentive stock options to directors and officers at $0.26 per share for five years.
Taranis Resources Inc. (OTCQB:TNREF) has commenced its 2025 drilling program aimed at an unexplored intrusive body southeast of the Thor epithermal deposit. The focus is on two key zones: the Z-900/1300 area, situated between 900 and 1,300 meters above sea level, and the deeper I-1 resistive feature below 900 meters ASL. This exploration follows a 2024 program that revealed extensive mineralization, suggesting potential for significant deposits.
In 2024, Taranis successfully identified wide zones, up to 53 meters, of geochemical gold, arsenic, and zinc mineralization beneath the I-2 area and west of the I-1 resistivity anomaly through drill holes Thor-246, Thor-247, and Thor-248. Despite not intersecting the main intrusive targets Z-900/1300 or I-1, these findings highlight the area's potential for further exploration and resource development. The mineralization occurs in a phyllic alteration zone defined by muscovite, carbonate, albite, and quartz.
Furthermore, Taranis has granted 2,000,000 incentive stock options to its directors and officers, allowing them to purchase shares at $0.26 each. These options have a five-year term. This strategic move aligns with the company's efforts to enhance leadership incentives as it continues its exploratory efforts at Thor.
The Qualified Person overseeing the exploration activities at Thor is John Gardiner, President and CEO of Taranis Resources Inc., ensuring compliance with Canadian National Instrument 43-101 standards. With 100,348,794 shares issued and outstanding, and 113,827,227 on a fully diluted basis, Taranis Resources remains committed to unlocking potential at its Thor site through meticulous exploration planning and execution.
