Thor NI 43-101 Compliant Resource Estimate (2013)
& Internal House Resource Estimates (2021)
Taranis acquired the Thor deposit in 2006, and has completed exploration programs on the project almost every year for the past 14 years. Taranis routlinely does its own internal Resource Estimates ("IHRE") that provide guidance for exploration efforts on the project. The most recent IHRE was completed in 2021 and was completed after several months of geological modeling of the deposit. Although this study has not been made public, it shows huge resource growth at Thor.
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Roscoe Postle Associates completed an NI 43-101 compliant Resource Estimate in 2013 on the drilling data that was collected manly 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 study used an NSR cutoff method, and Whittle open pit models to determine the Inferred and Indicated Resources.
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In addition to the NI 43-101 compliant Resource Estimate, Taranis engaged an engineering company in 2013 to undertake an internal feasibility analyses of mining the Thor deposit using a nearby milling operation. This showed the Thor deposit has considerable promise to be economically viable when paired with that existing infrastructure.
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Three dimensional block model of the Thor deposit showing the major zones at Thor. The red body is the Jowett porphyry/volcanic body that lies under the existing Thor deposit. The Ridge Target is shown on the right side of the figure, and is ready to drill in 2021.