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Enter Symbol
or Name
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CA



Taranis Resources Inc
Symbol TRO
Shares Issued 35,874,989
Close 2013-04-24 C$ 0.09
Market Cap C$ 3,228,749
Recent Sedar+ Documents

ORIGINAL: Taranis applies for five-year Thor work permit

2013-04-30 13:38 ET - News Release

Received by email:

File: troapril302013_Ver4.docx

FOR IMMEDIATE RELEASE
Taranis Resources Inc.
14247 West Iliff Avenue
Lakewood, Colorado 
80228-5421
www.taranisresources.com

 
/

 
 Taranis Outlines Advancement at Thor and Provides Update on NI 43-101 Resource Estimate

Lakewood, Colorado - April 30, 2013 - Taranis Resources Inc. (TSX-V: TRO) ("Taranis") is pleased to provide an update 
--->on the activities at its 100%-owned Thor project in British Columbia. In view of the importance of the Thor project to
---> Taranis, the following measures have been undertaken:

Filing a 5 year Notice of Work Application with the B.C. Government that will enable it to continue exploration on the
---> project for the long-term.
Application for a Special Use Permit for the road that accesses the Thor mine site from the town of Ferguson.
Filing assessment work that will ensure that the Mineral Tenures will be held in good standing until at least 2017. Th
--->ese Mineral Tenures are in addition to 27 Crown Grants that cover the heart of the historic district, but cover a numb
--->er of exploration targets vital to the expansion of the existing Ag-Pb-Zn-Au-Cu deposit.
Compilation of exploration data that will enable it to identify future drilling targets outside of the area being cons
--->idered in the NI 43-101 report referred to below and enable expansion of the existing sulphide resource.
Collection and documentation of two metallurgical samples that will be used to provide further information about the m
--->etallurgy and recoveries of the mineralized material.
Recognizing the importance of the Thor deposit, the Government of British Columbia is considering conducting further g
--->eological work at Thor and in the vicinity.
Roscoe Postle Associates Inc. ("RPA") is nearing completion of a NI 43-101 report, the results of which will be made p
--->ublic when they become available. A considerable amount of work has been completed over the past 8 months assessing th
--->e specific gravity of the deposit, as well as check-assaying of the core samples. The NI 43-101 report will use criter
--->ia examining open-pit and underground mining, since most of the known mineralization occurs within 100 m of surface.

Recent exploration work has identified six sizeable targets/zones that have the potential to make Thor into a viable, 
--->stand-alone operation. With the exception of the Scab Zone, these targets are outside of the known areas of mineraliza
--->tion that will be summarized in the upcoming NI 43-101 report, and represent folded repeats of the known sulphide mine
--->ralization, faulted continuations, or entirely new targets. Summaries of these targets are shown on the Taranis websit
--->e www.taranisresources.com

Since acquiring Thor in 2007, Taranis has assembled a solid geological model for the Thor deposit, and is fortunate to
---> have systematically drilled the known sulphide Resource. Based on this knowledge and other exploration, Taranis has b
--->een able to identify solid geological targets outside of the NI 43-101 Resource area. Some of the bedded sulphide zone
--->s could extend over a km to the north, and there appears to be a parallel zone of sulphide mineralization to the west 
--->found on the west side of the Thor Antiform. There are also high-grade gold occurrences ("SIF") that occur in late-sta
--->ge structures flanking the sulphide deposit which have never been drilled/trenched and which should add substantive va
--->lue to the overall deposit.

While drilling and trenching programs were completed in 2007/2008 immediately after Taranis acquired the property, the
---> capital markets were not suitable for financing large drilling programs in recent years. Consequently, in the past 2 
--->years Taranis has focused on quantifying the existing Resource despite knowing it is considerably larger than has been
---> drilled, and has focused on finding other targets that are expected to add to the Resource base with continued drilli
--->ng. When the capital markets show signs of improvement, Taranis will aggressively drill the remaining zones in anticip
--->ation of adding to the existing Resource.

About Taranis Resources Inc.

Taranis Resources Inc. currently has 35,874,989 shares issued and outstanding (43,553,324 shares on a fully-diluted ba
--->sis).


TARANIS RESOURCES INC.
Per:	John J. Gardiner (P. Geol.),
President and CEO


For further information contact:

John Gardiner
14247 West Iliff Avenue Lakewood, Colorado 
Phone: (303) 716-5922
Cell: (720) 209-3049
johnjgardiner@earthlink.net
 George Kent
Suite 1406, 130 Carlton Street
Toronto, Ontario
Phone: (416) 323-0783
Cell: (416) 697-0783
georgerkent@sympatico.ca

 
 NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
---> TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This News Release may contain forward looking statements based on assumptions and judgments of management regarding fu
--->ture events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results m
--->ay differ materially from expected results.


File: tardisseminationltr.doc

TUPPER JONSSON & YEADON
BARRISTERS & SOLICITORS
An Association of Lawyers and law corporations
CARL R. JONSSON*		  LEE S. TUPPER*							        1710 - 1177 West hastings street
GLENN R. YEADON*	  	   PAMELA  JOE			                                                                                 
--->               Vancouver, b.c., canada
JEFFREY T. K. FRASER*		   					                                                                                       
--->      		V6E 2L3
Tel: (604) 683-9262 Local 118
Direct Line: (604) 640-6355
Fax: (604) 681-0139
Email yeadon@securitieslaw.bc.ca
	REPLY ATTENTION OF:	GLENN R. YEADON		
	OUR FILE:			46422
 
April 30, 2013	BY FAX AND BY EMAIL

Canada Stockwatch
Vancouver, B.C. 
By Email: to news@stockwatch.com
By Fax to (604) 687-2304

 
 
 Market News Publishing, Inc.
Vancouver, B.C. 
By Email: to news@baystreet.com

 
 
 Dear Sirs:

RE	TARANIS RESOURCES INC.

We are the solicitors for the above-mentioned company, and are enclosing a copy of its News Release of even date, whic
--->h we would ask that you disseminate pursuant to the TSX Venture Exchange's requirements, as well as for normal publica
--->tion in each of your news letters.

Yours very truly,

TUPPER JONSSON & YEADON

	"Glenn R. Yeadon"
				
Glenn R. Yeadon
GRY/ss
Enclosure
c:	Taranis Resources Inc. - via email
	Attention:  John J. Gardiner, President
	George Kent - via email
	TSX Venture Exchange - via SEDAR
	British Columbia Securities Commission - via SEDAR
	Alberta Securities Commission - via SEDAR
	Ontario Securities Commission - via SEDAR



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