Kettukuusikko Property

Kettukuusikko Project

The Kettukuusikko Property was acquired in October 2004. Early in 2004, the Ministry of Employment and the Economy ("MEE") put the project out for International tenders. Taranis Resources Inc. submitted a tender to further explore the property, and this was accepted by the MEE The property is an advanced-stage exploration project with significant exploration upside. Taranis recently received the renewals for several of the key claims at Kettukuusikko and is preparing a drilling program aimed at understanding the Kettukuusikko North Zone ("KNZ").

History

The Outokumpu Mining Company discovered the Kettukuusikko project in 1977. The areas was targeted after completion of a regional scale till geochemical survey, which identified an area of anomalous copper, chromium, nickel, arsenic and cobalt values. Lapin Malmi and Outokumpu continued to explore the area through he years 1984 and1987, 1995 through 1996. GTK re-evaluated the geochemical and geophysical data in the area (especially gamma radiation surveys) and drilled new targets at Kettukuusikko in 2003. The drilling results were promising and the area is considered to have potential for significant gold mineralization.

Regional Geology

In the northern part of the Fennoscandian Shield, Paleoproterozoic supracrustal rocks cover the Archean basement as an almost complete zone extending from northern Norway through the central Finnish Lapland in into Russia. This zone is named the Lapland Greenstone Belt. The Finnish part of the Lapland Greenstone Belt extends from Enonteki and Kolari through Kittila and Sodankyla to Salla and is called the Central Lapland Greenstone belt. The belt has been divided into five volcanic and sedimentary dominated lithostratigraphic groups which are form oldest to youngest the Salla, Onkamo, Sodankyla, Sabukoski and Kittila Groups.

These Groups are separated by a major unconformity from the overlying Lainio and Kumpu Groups which are dominated by coarse-grained sedimentary rocks. In addition, the underlying rocks were folded before the deposition of Lainio and Kumpu Groups. The age of the Salla Group has been interpreted to be 2.52-2.44 Ga, Onkamo Group, 2.44-2.40 Ga, Sodankyla Group 2.4-2.2 Ga, Savukoski Group (2.20-2.05 Ga, Kittila Group 2.05-2.00 Ga, and Lainio and Kumpu groups 1.93-1/85 Ga.

The contact between the Kittila and Savukoski Groups is tectonic. It is an approximately E-W trending lineament which is called the Sirkka Shear Zone ("SSZ"). Several ore deposits in Central Lapland are related to the SSZ. The SSZ is poorly exposed but is clearly seen on aeromagnetic and electromagnetic maps. The SSZ is likely an old structure which has been reactivated and deformed in several different orogenic episodes. Aeromagnetic maps also suggest that NW / SE and N / S tending faults crosscuts the structure, and these are "hot" spots for the localization of gold deposits. The SSZ generally separates a sedimentary dominated group of rocks south of the fault, from volcanic-dominated terrain to the north of the SSZ.

Kettukuusikko sits in the southwestern part of the central Lapland greenstone Belt. Rocks in the area belong to the Matarakoski Formation of the Savukoski group, which comprises komatiitic and tholeiitic volcanic rocks and fined-grained, locally graphitic sedimentary rocks metamorphosed to greenschist facies. the geology of the Property is strongly affected by the SSZ.

Exploration

There have been a number of exploration programs in the area, the oldest of which can be dated back to 1939 when Atri Oy conducted the first exploration focusing on a graphitic belt several km west and 20 km east of the village of Sirkka. This led to the discovery of the Sirkka-Kaivos Au deposit (http://www.gsf.fi/explor/gold/sirkka_kaivos.htm). This mine operated from 1955-1957, until the mine proved to be uneconomic. The Saattopora gold-copper deposit (http://www.gsf.fi/explor/gold/saattopora.htm) was mined from 1988-1995 by Outokumpu Mining Oy, and is located 13 km West of the Sirkka-Kaivos Au deposit, near the west end of the SSZ. This mine produced 2.163 Million tonnes of ore, and produced 6,279 kg Au (2.9 g/t Au) and 5,177 tonnes of Cu.

Also, the Kittila Gold Mine now owned and operated by Agnico Eagles Gold Mines Ltd., (http://www.agnico-eagle.com/English/OperatingMines/KittilaMine/default.aspx) Gold prospect has a delineated 3.0 M Oz. Resource, and is located about 20 km NE of the Kettukuusikko Project. The current Resource (Indicated and Inferred) is 18.2 M tonnes at 5.1 g/t Au).

Kettukuusikko Highlights

Flowers located at Thor, B.C.

Classic "Abitibi-type" exploration property with wide-spread gold mineralization.

You can find more information on the Kettukuusikko Project by clicking on one of the following links: