Taranis Resources Inc.

(TRO:CA)

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Taranis Resources Inc. is a publicly-traded company listed on the TSX-Venture Exchange under the ticker symbol TRO / TNREF. Our company is managed by five Directors; each having over 25 years of experience in the mining/exploration business. Taranis is exploring and developing the Thor precious-base metal deposit in southeast British Columbia which had a maiden NI 43-101 Resource completed by Roscoe Postle Associates Inc. ("RPA") in 2013.

We believe that the Thor deposit holds incredible value for our stakeholders. To date, the Thor deposit has an NI 43-101 Resource (Indicated and Inferred) containing 6.9 Million Oz silver, 35,000 Oz gold, 57 Million lbs lead, 79.4 Million lbs zinc and 3.3 Million lbs of copper that resides in a low-cost, open pit mining operation.

Our 2016 goal is to advance exploration on the deposit and surpass the 2.5 Mt Resource threshold, and continue to advance our metallurgical and environmental knowledge of the deposit and the locality. Our Phase 1 program will test a number of high-grade gold occurrences and define the pathway for the much larger, Phase 2 definition drilling.

Our company prides itself in creating value for our shareholders through professional and conservative values, and using that base to advance the Thor precious-base metal deposit.

Overview

Taranis holds 100% interest in the Thor Ag-Au-Pb-Zn-Cu mineral deposit located near Trout Lake, British Columbia. It acquired the property in 2006 from the T. Eaton Estate, and has since undertaken an aggressive exploration program aimed at defining a turn-key deposit at Thor. Taranis has drilled approximately 200 holes to outline a near-surface, open pittable mineral deposit, and has recently completed metallurgical, environmental and financial analyses of the deposit.

Taranis Resources Inc. develops mineral deposits into mine-ready projects. The foundation of successful mine development is a properly developed Resource base. This stage of the process involves a lot of "hand-on" experience exploring and developing the deposit, understanding the continuity and grade distribution of the deposit. It also involves the initial metallurgical and permitting aspects of the project. If this stage is not done correctly, then the entire mine-building process is 'at-risk'.

Thor Deposit Overview

Thor has numerous parallel horizons that extend 2 km along strike in a northwest direction. Mineralization is contained within a tabular unit called the Combined Metals Unit ("CMU") that contains tetrahedrite, galena, chalcopyrite, pyrite and sphalerite. The chief metals of interest are silver, gold, lead, zinc and copper.

The Thor deposit occurs within the historic Silver Cup Mining District, that includes a number of other mines including the Silver Cup Mine, the Nettie L. Mine that were mined extensively in the early 1900's. The Thor deposit remains the only deposit that has not seen extensive mining, and the Resource remains intact in the ground making it a very attractive project for mining. There are a number of processing opportunities in the area that Taranis is exploring.

One of the crucial aspects of any ore deposit is the continuity of the mineralization. At Thor, the sulfide mineralization is tabular and is known to extend for almost 2 km. This portion of the deposit was drilled-off on 40 m spaced sections and constitutes all of the Resource included in the NI 43-101 assessed by RPA.

Thor NI 43-101 Compliant Resource Estimate (2014)

Taranis acquired the Thor deposit in 2006, and undertook significant drilling programs in 2007 and 2008. Further drilling was undertaken in 2014, and in total over 200 drill holes have been completed on the project.

Taranis decided to complete an independent Resource estimate in 2013 on the drilling data that was collected in 2007/08. This required the extensive collection of core to be re-analyzed and check assaying to be completed on 10% of the samples. This work culminated in a three-dimensional model of the deposit being produced that showed most of the mineralization is accessible by low cost, open pit mining.

In addition to the NI 43-101 compliant Resource Estimate, Taranis engaged Roscoe Postle in 2014 to undertake an internal Cash Flow Analyses of the deposit using a nearby milling operation. This showed the deposit has considerable promise to be economically viable.


Three dimensional block model of the Thor deposit showing the major zones at Thor. Red and pink bodies are EM targets that have not been tested by diamond drilling. The topographic contours show how the deposit occurs under a mountainside, and is readily accessible through open pit methods.

2016 Exploration Targets

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Gold Pit

The Gold Pit Zone is a parallel structure to the existing Great Northern Zone. It has potential to add major tonnage at Thor. It is also known to occur on the west limb of the Thor Anticline which has seen almost no diamond drilling to date.

SIF & SIF Carbon Extension

The SIF and SIF Carbon are gold-bearing parts of the Thor Deposit that have only been explored with shallow drilling in 2014. on a $value/tonne basis, these are some of the highest grade material found at Thor.

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Broadview

The Broadview Zone is located at the south end of the Thor Property and has only been drilled in/around the Main Broadview stockpile. There is good upside in developing additional Resource around the Broadview Mine, particularly to the south where there are several EM-37 anomalies.

Western Deeps

This is a deep conductive anomaly that is located 400 m to the west-southwest of the Gold Pit Zone, and has the potential to dramatically increase tonnage at Thor in a new direction. It is thought the source of the anomalies are massive sulfides sitting in a fold structure.

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Scab Zone

The Scab Zone occurs in the middle of the Thor deposit, and has extensive surface sampling completed that has shown the hillside is mineralized. This portion of the deposit has not been drilled owing to the steep topography, and requires specialized, mobile drills to be utilized.


Ridge Target

This exploration target is the north extension of the Thor deposit, and includes the projection of the deposit into a prominent ridge to the north of the Blue Bell Mine. There are two areas that require further exploration and these include the Blue Bell sulfide horizon and a second sulfide horizon that is found almost 120 m above the Blue Bell deposit.


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Great Northern Footwall

Further analyses of the 2007 and 2008 drilling showed that there are in fact multiple layers that constitute the Great Northern Zone. The presence of these parallel zones under the uppermost layer has not been investigated, and it is expected that additional drilling will add considerable tonnage to the existing Resource in this area.


Additional Information


Taranis Resources Inc.

Profile

Taranis Resources Inc. is a publicly-traded company listed on the TSX-Venture Exchange under the ticker symbol TRO / TNREF. Our company is managed by five Directors; each having over 25 years of experience in the mining/exploration business. Taranis is exploring and developing the Thor precious-base metal deposit in southeast British Columbia which had a maiden NI 43-101 Resource completed by Roscoe Postle Associates Inc. ("RPA") in 2013.

Contact Information

Website: www.taranis.us
Main Phone: +1 303 716-5922
Address: 14247 West Iliff Avenue
State: CO
City / Town: Lakewood
Country: USA
Postal Code: 80228-5421

Issuer Information

Exchange: CDX
CEO: John Gardiner
Issuer Type: CS - Common Stock
Sector/Industry: Cyclical
NAICS: All Other Metal
$ 0.10 ($ 0.01) (-9.09%)
Last Price 0.10 Change $ -0.01 Change % -9.09 Tick N/A
Bid 0.10 Bid Size 20,000.00 Ask 0.11 Ask Size 12,000.00
Open 0.10 High 0.11 Low 0.10 Prev Close 0.11
Last Trade Volume 118,500 52 Wk Hi 0.15 52 Wk Low 0.04
Market Cap 5.2 mi Ex-Div Date N/A Div Rate N/A Yield N/A
Shares 51,766,116.00 EPS (TTM) -0.01 PE Ratio N/A Exchange TSXV