Kettukuusikko Gold Project
Taranis has been systematically exploring the Kettukuusikko Project (100% owned), and recently completed an NI 43-101 Resource Estimate for the Kettukuusikko South Zone (90,000 Ounces Au). Efforts are now being directed to the Kettukuusikko North Zone where Taranis geologists have identified a major NE-trending structure that is probably related to the Kiistala Shear Zone that hosts Agnico Eagle's 5.2 M Oz. Kittilä Gold Mine.
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RecentEvents
Conventions and Trade Shows
Drilling
167 Drill Holes
Taranis has drilled a total of 96 drill holes, and the GTK has drilled a total of 71 drill holes on the project to date, most of the drilling has been focused on the KSZ.
Trenching & Geophysics
8 Trenches and a comprehensive geophysical database
The GTK and Taranis have completed ground magnetic, VLF, Induced Polarization and SkyTEM surveys on the project. There is almost no outcrop on the property, and the geophysical surveys are used to map the geological formations and also to identify potential gold-bearing targets.
Exploration Expenditures
Over US$5 Million
Both the GTK and Taranis have spent over US$5 M exploring the Kettukuusikko Project. Most of the expenditures have been on the KSZ, where 90,000 Ounces of Au have been identified.
Kettukuusikko Project
The Kettukuusikko Project 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 has expanded the land position over the existing claims to cover a recently discovered high-grade gold target that was discovered in 2006 called the Kettukuusikko North Zone ("KNZ").
History
The Outokumpu Mining Company discovered the Kettukuusikko gold occurrence 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 the 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.
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. This mine operated from 1955-1957, until the mine proved to be uneconomic. The Saattopora gold-copper deposit 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.
Targets
With the completion of the NI 43-101 on the KSZ, Taranis has now turned its attention to the KNZ. During the summer of 2011, Taranis completed a detailed ground magnetic and VLF survey over this area and also completed a SkyTEM airborne EM survey that identified a number of conductive targets aligned in a north-east trending corridor that is believed to be related to the Kiistala Shear Zone that hosts the Kittilä Gold Mine. Taranis considers this a very favorable target since high-grade gold has already been found in the KNZ, and the intersection of the Sirkka Shear Zone and the Kiistala Shear Zone forms a very favorable area for the formation of a large gold deposit.
Also, the Kittilä Gold Mine now owned and operated by Agnico Eagles Gold Mines Ltd., Gold prospect has a delineated 5.2 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).
Gold
Gold is found in ores made up of rock with very small or microscopic particles of gold. This gold ore is often found together with quartz or sulfide minerals such as Fool's Gold, which is a pyrite. Gold's atomic number of 79 makes it one of the higher atomic number elements which occur naturally. Like all elements with atomic numbers larger than iron, gold is thought to have been formed from a supernova nucleosynthesis process.
Silver
Silver has been used for thousands of years for ornaments and utensils, for trade, and as the basis for many monetary systems. Its value as a precious metal was long considered second only to gold. The word "silver" appears in Anglo-Saxon in various spellings such as seolfor and siolfor. During World War II, the short supply of copper led to the substitution of silver in many industrial applications.
Copper
Copper has been in use at least 10,000 years, but more than 95% of all copper ever mined and smelted has been extracted since 1900. As with many natural resources, the total amount of copper on Earth is vast (around 1014 tons just in the top kilometer of Earth's crust, or about 5 million years worth at the current rate of extraction). However, only a tiny fraction of these reserves is economically viable, given present-day prices and technologies
Cobalt
Cobalt occurs in copper and nickel minerals and in combination with sulfur and arsenic in the sulfidic cobaltite (CoAsS), safflorite (CoAs2) and skutterudite (CoAs3) minerals. The mineral cattierite is similar to pyrite and occurs together with vaesite in the copper deposits of the Katanga Province. Cobalt is not found as a native metal but is mainly obtained as a by-product of nickel and copper mining activities.
Lead
Roman lead pipes often bore the insignia of Roman emperors. Lead plumbing in the Latin West may have been continued beyond the age of Theoderic the Great into the medieval period. Many Roman "pigs" (ingots) of lead figure in Derbyshire lead mining history and in the history of the industry in other English centers. The Romans also used lead in molten form to secure iron pins that held together large limestone blocks in buildings.
Zinc
Various isolated examples of the use of impure zinc in ancient times have been discovered. A possibly prehistoric statuette containing 87.5% zinc was found in a Dacian archaeological site in Transylvania (modern Romania). Ornaments made of alloys that contain 80–90% zinc with lead, iron, antimony, and other metals making up the remainder, have been found that are 2500 years old.
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