Taranis Resources is a mineral exploration company that is focused on development of its 100%-owned Thor precious/base metals resource near Trout Lake, British Columbia, in addition to precious metals exploration activities in Nevada. Taranis is lead by an accomplished leadership team with collective experience in the mining and exploration sector totaling over 100 years. 

Taranis Resources announced in 2020 that it has entered into an exclusive Letter of Intent to acquire the past-producing Max molybdenum mine and concentrator about 1 km outside of Trout Lake in order to use the facilities to achieve commercial production from the Thor mineral resource. The amalgamation of these assets is known as Midway.

Midway combines the superior and high-grade Thor Ag/Au/Pb/Zn/Cu mineral resource with the permitted, high-quality Max mill located only 8km away. Built for C$28M in 2005/6, the Max facilities can facilitate green metals production at Thor - whose 2013 NI 43-101 Mineral Resource Estimate suggests 14M oz. Ag Eq with excellent blue-sky potential. In 2021, we just updated our own Mineral Resource estimate.
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TSX Symbol: TRO

US OTC QB: TNREF

     Midway

• Capitalizing on 14 years of successful exploration, with near & long-term catalysts for growth.
• Taranis knows B.C. - and it has an excellent plan for minimizing greenhouse gas emissions and mine footprint at Midway.
• Nearing permit decision for an modern Gekko InLine Pressure Jig plant that will produce a pre-concentrate onsite.
• The Thor deposit is high-grade and near surface - Taranis has grown the mineral resource significantly with over 242 holes drilled to date.
  

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Breakdown of metals found in Thor deposit (does not include by-product metals).

• Taranis has signed a Letter of Intent to purchase 100% of Forty Two Metals, owner of the Max Project. 
• The Max Project includes a 1,000 t/day modern processing plant that is ideal to process ore from Thor. The mill was constructed in 2006 and is in excellent condition.
• Includes a modern Tailings Storage Facility containing four years' waste from the molybdenum operation, with ample capacity for disposal of tails from the Thor mine.
  
• FortyTwo has C$50 Million in Tax Pools that can be used to offset revenue from processing the Thor deposit.
• Ideally suited for use with a pre-concentrator that is scheduled for construction at Thor in 2021.
  
• Includes other infrastructure including shops, buildings, land, etc.

Click the above image to see some results of our recent geological modeling of the Thor deposit - showing the relationship of the existing zones of mineralization to the buried Jowett Volcanic/Intrusive Target.

Aerial view of the Max Concentrator showing Trout Lake in the background. The pairing of this asset with the Thor deposit could substantially improve economics, and shorten the production timeline from more than five years to less than two.

Table Summarizing work completed at Thor including historic sampling and underground development.

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