Received by email:
File: trojuly242014nrv2.doc
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
14247 West Iliff Avenue
Lakewood, Colorado
80228-5421
www.taranisresources.com
Taranis Resources Inc. Expands on Gold Mineralization at Thor Project, British Columbia
Lakewood, Colorado, July 24, 2014 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to provide an update on
---> the exploration of a number of gold occurrences peripheral to the Thor NI 43-101 silver-lead-zinc-gold Resource.
Exploration to date has included the mechanical excavation, geological mapping and sampling of a number of gold occurr
--->ences that are related to the existing sulphide deposits. At Thor, there are three sulphide deposits that are known (f
--->rom south to north) as the Broadview, Great Northern and True Fissure that constitute the bulk of the Resource. It is
--->now known that each one of these sulphide deposits tapers at the NNW end into continuous structurally-controlled gold
--->deposits.
At the True Fissure deposit, the drilled-out sulphide deposit grades northerly and up-dip into what is now referred to
---> as the True Fissure Gold Zone ("TFGZ"). This zone is at least 420 m in strike length, and is exposed for 240 m down-d
--->ip on the flank of Great Northern Mountain. The TFGZ includes the high-grade SIF Zone, SIF South, SIF Carbon and SIF W
--->est Zones - and it also includes the Scab Zone.
At the Great Northern deposit, visible gold was discovered in a newly excavated quartz vein that yielded grab values u
--->p to 3 g/t Au and highly anomalous gold in soil samples. This is now known to be the NNW continuation of the Great Nor
--->thern Zone. Excavation 192 m SSE of this outcrop has exposed an outcrop that is highly enriched in quartz, pyrite and
--->galena and appears to be transitional between the main Great Northern Sulphide Zone and the gold-rich extension to the
---> NNW now referred to as the Great Northern Gold Zone ("GNGZ").
At the Broadview deposit, it is now believed that a high-grade gold occurrence in float (Gold Pit) occurs at the NNW t
--->erminus of the Broadview sulphide deposit. Mechanical excavation of this target will begin within the next few days.
Taranis geologists have taken 114 samples this summer; 47 panel samples have been taken from the expanded high-grade S
--->IF occurrence and will be analyzed by metallic sieve analysis. Additional occurrences of visible gold were noted west
--->and south of the existing deposit. Sixty- seven surface grab samples have been taken in areas that have been excavated
---> within the TFGZ and the BGZ and will be used to gain further insight into the geological controls of gold mineralizat
--->ion within these areas.
John Gardiner, President and CEO of Taranis Resources Inc. states "We are eager to build a gold deposit adjacent to th
--->e exiting silver-lead-zinc resource at Thor. There has not been a single drill hole completed on any of the gold targe
--->ts despite the growing evidence for a sizeable gold resource on the property. The summer 2014 exploration program is p
--->roviding valuable geological information that now provides a solid context for the existence of zones peripheral to th
--->e existing NI 43-101 Resource completed by Roscoe Postle in June of 2013 on the sulphide deposit."
Taranis also announces, further to its news release dated February 27, 2014, that its Board of Directors has decided n
--->ot to seek shareholder approval for a change in its capital structure. (Taranis anticipates holding its 2014 Annual G
--->eneral Meeting in October 2014 - further information in this regard will be disseminated once the specific date for sa
--->id Meeting has been determined.)
About Taranis Resources Inc.
Taranis currently has 43,474,989 shares issued and outstanding (55,079,989 shares on a fully-diluted basis).
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: tardisltrjuly242014.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
July 24, 2014 BY EMAIL
Canada Stockwatch
Vancouver, B.C.
By Email: to news@stockwatch.com
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 distribution i
--->n the normal fashion. (Please note that we will be handling the SEDAR filing of this News Release.)
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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