Received by email:
File: tro_November_3_2014nrV4.doc
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
14247 West Iliff Avenue
Lakewood, Colorado
80228-5421
www.taranisresources.com
Taranis Samples 14.0 m of 9.40 g/t Au and 451 g/t Ag at Surface in New Gold-Silver Zone at Thor
Lakewood, Colorado, November 3rd, 2014 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] is pleased to announce the di
--->scovery of a new gold zone at Thor.
SIF Carbon Gold Occurrence ("SIF Carbon")
SIF Carbon was found during a routine surface grab sampling program and in summer 2014 was mechanically excavated, pow
--->er washed, mapped and panel sampled. SIF Carbon and the accompanying high-grade SIF Zone located 180 m to the northwes
--->t are not included in the existing NI 43-101 Resource Estimate at Thor, but are rapidly defining a much larger gold-be
--->aring target in the previously identified Scab Zone that has never been drilled owing to the steep topography.
This gold occurrence is considerably different than the main SIF outcrop. It exists with disseminated to massive pyri
--->te, and is located up-dip and northwest of the True Fissure portion of the Thor deposit. SIF Carbon also has significa
--->nt silver content, but hosts only minor amounts of base metals.
Surface Panel Sampling
A total of 14 surface panel sampling lines spaced 3.0 m apart were completed over the occurrence. Line 0 is located at
---> the northwest end of the zone, and line 13 at the southeast end. The gold-bearing zone extends at least 39 m. The fol
--->low table highlights the results of the surface sampling:
Line
Width (m)
Au (g/t)
Ag (g/t)
0
6.0
1.44
163
1
2.0
2.69
590
2
14.0
9.40
451
3
10.0
5.42
156
4
12.0
7.20
461
5
10.0
5.37
277
(plus)
4.0
2.77
80
6
10.0
4.56
161
7
4.0
2.99
314
(plus)
8.0
2.15
87
(plus)
2.0
2.61
14
8
12.0
2.32
91
9
4.0
1.14
13
11
10.0
4.40
143
12
10.0
2.55
102
13
4
2.07
86
Taranis also completed 8 diamond drill holes in the SIF Carbon Zone, the results of which will be made available when
--->the analytical data has been received and compiled. The sampling was completed to rigorous NI 43-101 standards and the
---> SIF Carbon Zone will augment the existing NI 43-101 Resource at Thor.
Gravity Separation Testing
Taranis has completed gravity separation tests of the material found at SIF Carbon, and the tests have been successful
---> in producing a gold-silver-pyrite concentrate that could be easily transported offsite for gold extraction. All of th
--->e gold and silver accompanies pyrite and other sulphide minerals at SIF Carbon. Further details of these tests will be
---> published when available.
Quality Control and Analytical Procedures
Samples were analyzed by Acme Labs in Vancouver, Canada. The samples were prepared using method M150 that produces two
---> size fractions for analysis (one +150 Mesh "Plus" and the other-150 Mesh "Minus"). 150 Mesh corresponds to approximat
--->ely 0.105 mm. The Plus fraction is analyzed in its entirety with gravimetric finish and is reported as +Au. The minus
---> fraction is analyzed by fire assay with AA finish and is reported as -Au. - Au fractions that exceed 10 ppm Au are re
--->-analyzed using a 30 gram fire assay.
All of the sampling and gold determinations are subject to a rigorous quality control program that includes the placem
--->ent of standards and blanks a minimum of every tenth sample. WCM Minerals of Burnaby, British Columbia has been engage
--->d to supply the quality control materials for the Thor Project.
Qualified Person(s)
Exploration activities at Thor were overseen by John Gardiner (P. Geol.) and James Helgeson (P. Geo.), each of whom is
---> a Qualified Person under the meaning of Canadian National Instrument 43-101.
About Taranis Resources Inc.
Taranis currently has 43,849,989 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: tarnov32014ltr.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
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---> V6E 2L3
Tel: (604) 683-9262 Local 118
Direct Line: (604) 640-6355
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Email yeadon@securitieslaw.bc.ca
REPLY ATTENTION OF: GLENN R. YEADON
OUR FILE: 46422
November 3, 2014 BY EMAIL
Canada Stockwatch
Vancouver, B.C.
By Email: to news@stockwatch.com
Market News Publishing, Inc.
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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
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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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