The 'Ridge Target': Exploration for Immediate Resource Growth
The Ridge Target is an area that has been identified based on prior exploration work including drilling, surface mapping/sampling and geophysical surveys. The area is a priority because this exploration work undertaken by Taranis has discovered a new zone that occurs 60m in the hanging-wall of the Blue Bell Zone – the most northern of the mineralized zones at Thor. Previous drill holes Thor-101, 104 and 110 unexpectedly encountered a mineralized zone near the collars of the holes. The target of these three drill holes was to intersect the Blue Bell Zone at depth far below, but unexpectedly encountered zones near surface. These intercepts, now known to be the Ridge Zone are also exposed in a broad area of surface outcropping that is shown on the following figure as “Surface Outcrop of Ridge Zone”. It is expected that these zones extend far under Thor’s Ridge to the north-northwest. The area is difficult to access owing to the steep terrain, and an access road was installed in 2020 that will have the ability to access a number of drill sites that are planned for the area.
In this 3D cut-away, the Ridge Target is shown in red wireframe on the left side of the image (north), and the main Thor deposit is shown in red. There are many compelling reasons to believe the Thor continues to the north under Thor's Ridge and it is a top priority of Taranis to explore this with diamond drilling.
Further Evidence of a Sizeable Deposit Under Thor's Ridge:
- The presence of a resistive topographic feature indicating Broadview Formation in the hanging-wall of the Thor Fault Zone.
- The presence of the SIF North Zone with highly anomalous gold mineralization that indicates the top of the hydrothermal system in the Thor fault Zone.
- The presence of a new zone in the hanging wall of the Blue Bell deposit found at surface and sampled in 2019 that appears to be the southeast terminus of a new zone. This zone has also been intersected in a drill hole Thor-101 and has extensive seeps that are highly anomalous in copper (indicative of tetrahedrite).
- 2 EM-37 lines that show conductors (600N and 700 North); they show weak to moderate EM anomalies north of the Blue Bell deposit. These conductors have never been drilled and almost certainly are sulfides, and represent the most northern lines of EM-37 surveying on the Thor project.
- Karous VLF modeling that shows a number of conductive bodies in the area under Thor’s Ridge. Despite limited depth estimates (~80m), these are related to conductive bodies, that are either lithologic or sulfide in origin.
The topography in this area is challenging, road construction will be required to achieve access. In light of the importance of this new target and the confidence gained in the geological model of this area, Taranis has accelerated permitting of new drill roads and infrastructure leading to the drill site. These permits have been sent to Taranis for review and assent to terms as of January 2020.