Thor is an exploration project, but is also MUCH more. In addition to the ongoing exploration required to increase the size of the existing Resource, Taranis has also sought to gain a much better understanding of the ore deposit through mining. The initial test mining began in 2017 and is divided into three phases. Taranis has completed Phase 1, and is currently permitting the Phase 2 part of the process. Phase 3 would involve full-scale commercial mining and is viewed as a natural progression of Phase 2.
Phase 1 was completed in 2018 and centered around the SIF Pilot Gold Plant. The objective of the Phase 1 program was to gain better understanding of gold found in the SIF Zone, and use some of this knowledge to locate other similar areas of high-grade gold mineralization. A total of 600 tonnes of ore was processed to gain a better understanding of the gold tenor, geology and continuity of these recently discovered gold zones at Thor.
In October of 2018, Taranis submitted a JEMA to process 10,000 tonnes of the polymetallic ore at Thor. The source for this testwork will be two existing stockpiles of ore at the Broadview and True Fissure mine sites. This mining and processing will test the viability of using new technology (InLine Pressure jigs) that will pre-concentrate the ore onsite and ship it offsite for further upgrading. In addition to this, 500 tonnes of remaining ore from the SIF zone will be processed using a ball mill that is expected to enhance recovery of gold. We are of the belief that the IPJ technology is revolutionary to the Thor deposit and will enable Taranis to transition into full-scale mining of the Thor deposit (Phase III) with additional permitting.