Thor Ag-Zn-Pb-Cu-Au Project

The Thor Property is owned 100% by Taranis and encompasses a large land position immediately North of Trout Lake, and includes 23 Crown Grant Claims and over 18 km2 of additional exploration potential in the area where Taranis owns 11 Mineral Tenures. Taranis has completed drilling and other work to NI 43-101 standards, that is ready for an NI 43-101 Resource Estimate. Considerable exploration potential exists in the footwall of the deposit and along strike to the north of the existing deposit.

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Drilling

152 Drill Holes

Taranis has completed 152 drill holes on the project, and the core is stored on-site and in Revelstoke, British Columbia.

Trenching

23 Trenches

Taranis has completed a number of trenches on the project that have been systematically sampled and provide valuable information about the geology and structure of the deposit. These trenches are also integrated into a "In-House" Polygonal Resource models that are used to estimate the size and grade of the deposit.

Exploration Expenditures

C$2.5 M expended

Taranis has invested over C$2.5 Million on the project to date, and continues to assemble exploration opportunities in the area through the acquisition of mineral properties, and also through the re-evaluation of the the Westmin data that it has purchased.

British Columbia

Taranis is Making Significant Progress at Thor....

In early 2007, Taranis Resources Inc. identified the Thor Property in British Columbia as a prospective volcanogenic massive sulfide deposit. Taranis has a large landholding in the area covering over 1,862.14 hectares (18.62 square km) and inlcudes Crown Grant Mining Claims and Mineral Tenures that it has assembled into a single mining district.

Taranis has also purchased an extensive data collection in the area from Westmin Resources that includes not only previous work completed at Thor, but throughout the Mineral Belt. This comprehensive database serves as a valuable tool to expand on the exploration potential around Thor.

The Thor project consists of five old mines that were discovered in the late 1800's and early 1900's, and occur in a single stratigraphic horizon that extends for upward of 2 km in strike length. The entire 2 km strike length has been drilled at 45 meter drill section spacing and is ready for an NI 43-101 Resource Estimate to be undertaken.

The main focus at Thor in 2012 and beyond is drilling deep drill holes under the existing deposit where a ground geophysical surveys have identified a target located west of the exiting deposit. This target is called the "Western Deeps" and is believed to be the main mineralized horizon (refered to as the Combined Metals Unit) that has been repeatedly folded under the existing deposit.

Drilling to explore this target is scheduled for the summer of 2012, and has been permitted by the British Columbia Government. If the exploration of this target is succesful, it could potentially double or triple the already significant mineral resource that exists at Thor.

Taranis is highly confident that the target identified under the existing deposit, and has placed the highest priority on testing this target. Although most other junior mining exploration companies would be content on completing an NI 43-101 on the existing mineral resource, Taranis management feels that the exploration emphasis should be placed on significantly enhancing the tonnage of the existing deposit to make it a viable, stand-alone mining operation in the near future.

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.

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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.

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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

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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.

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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.

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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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