Thor NI 43-101 Compliant Resource Estimate (2014)
Taranis acquired the Thor deposit in 2006, and undertook significant drilling programs in 2007 and 2008. Further drilling was undertaken in 2014, and in total over 200 drill holes have been completed on the project.
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Taranis decided to complete an independent Resource Estimate in 2013 on the drilling data that was collected in 2007/08. This required the extensive collection of core to be re-analyzed and check assaying to be completed on 10% of the samples. This work culminated in a three-dimensional model of the deposit being produced that showed most of the mineralization is accessible by low cost, open pit mining.
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In addition to the NI 43-101 compliant Resource Estimate, Taranis engaged Roscoe Postle in 2014 to undertake an internal Cash Flow Analyses of the deposit using a nearby milling operation. This showed the deposit has considerable promise to be economically viable.
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Three dimensional block model of the Thor deposit showing the major zones at Thor. Red and pink bodies are EM targets that have not been tested by diamond drilling. The topographic contours show how the deposit occurs under a mountainside, and is readily accessible through open pit methods.