Received by email:
File: tro_April_23_2015nrV3.docx
FOR IMMEDIATE RELEASE
Taranis Resources Inc.
14247 West Iliff Avenue
Lakewood, Colorado
80228-5421
www.taranisresources.com
/
Taranis Resources Inc. to Streamline Exploration Focus in British Columbia and Finland
Lakewood, Colorado, April 22, 2015 - Taranis Resources Inc. ("Taranis") [TSX.V: TRO] announces that its Board of Direc
--->tors has unanimalously approved a plan to consolidate and focus its exploration activities on specific high-value expl
--->oration targets within British Columbia and Finland. Taranis will prioritize most of its exploration activity on the T
--->hor Ag-Au-Pb-Zn-Cu deposit in southeast British Columbia where it has outline a Resource that shows substantial room f
--->or growth, and the nearby Lime Dyke property holding where Cominco conducted a considerable amount of drilling in the
--->early 1980's on a high-grade precious/base metal project. The NI 43-101 Mineral Resource is shown below and has consid
--->erable room from growth potential.
THOR MINERAL RESOURCE ESTIMATE SUMMARY
Zone and Category
NSR Cut-off
tonnes
Au (g/t)
Ag (g/t)
Cu (%)
Pb (%)
Zn (%)
Potentially Open Pit Indicated
$50
471,000
0.91
204
0.14
2.77
3.68
Inferred
$50
189,000
1.28
218
0.16
2.70
3.83
Potentially Underground Indicated
$100
168,000
0.81
141
0.13
1.78
3.03
Inferred
$100
235,000
0.74
143
0.13
1.90
2.69
Total Indicated
640,000
0.88
187
0.14
2.51
3.51
Total Inferred
424,000
0.98
176
0.14
2.26
3.20
Mineral Resources are estimated at a net smelter return (NSR) cut-off value of US$50/t for potential open pit and US$
--->100/t for potential underground. A preliminary Whittle pit was applied to constrain the potential open pit resource.
In Finland, Taranis will focus much of its activity on the Riikonkoski Copper-Gold deposit where it owns a 100% intere
--->st in a Historical Resource. The deposit has excellent exploration upside at depth but requires additional exploration
---> work and deep drilling to expand the size of the existing deposit. The existing Historical Resource (as per NI 43-101
---> classification) at Riikonkoski is tabulated below and has room for growth potential down-plunge and to the west.
Zone
% Copper
Tonnes
Itamalmi
0.48
9,560,000
Lantinen
0.68
2,450,000
Kangas
0.45
430,000
Total
0.52
12,440,000
Source - GTK Report M-19/2734/-72/1/10
Taranis has elected to discontinue its exploration activity at Naakenavaara and Kettukuusikko in Finland. Although th
--->ese projects continue to have excellent exploration upside, the considerable expense required to satisfy land-holding
--->costs and continue to explore and advance these properties make them untenable during a prolonged down-turn in the cur
--->rent junior exploration business climate.
John Gardiner, President and CEO of Taranis states "With the sustained exploration downturn, Taranis will focus on the
---> two regions where it knows it is able to maximize return to our shareholders. At Thor, we have an existing Resource w
--->ith demonstrated excellent upside for growth, and combined with excellent area infrastructure and good metallurgical r
--->ecoveries makes this our top exploration focus. In Finland, we feel it is important to continue our longstanding expl
--->oration activity and focus on defined deposits that have excellent growth upside. Here we will continue to look for we
--->ll-funded exploration partners to advance our exploration activities and we will also seek potential opportunities tha
--->t add value to Taranis."
About Taranis Resources Inc.
Taranis currently has 45,800,316 shares issued and outstanding (56,375,316 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: tarapril222015ltr.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 22, 2015 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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