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 has discovered a new zone that occurs 60m in the hanging-wall of the Blue Bell Zone – the most northern of the known mineralized zones at Thor. Previous drill holes Thor-101, 104 and 110 unexpectedly encountered the Ridge Zone near the collars of these 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. The Ridge Zone is also exposed in a broad area of surface outcropping that is shown on the figure to the right 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 enable drilling to be undertaken in 2021.
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.
Some 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 epithermal 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, 104 and 100 and has gossan seeps that are highly anomalous in copper (indicative of tetrahedrite).
- Two EM-37 lines that show conductors (600N and 700 North); they show weak to moderate EM anomalies north and east of the Blue Bell deposit. These targets have never been drilled and almost certainly related in part to the Ridge Zone, and represent the most northern lines of EM-37 surveying on the Thor project. There is also anomalous silver, zinc, antimony and other elements in rock samples from this area.
- Karous VLF modeling that shows a number of conductive bodies in the area under Thor’s Ridge. Despite limited depth estimates (~80m), these VLF features are related to conductive bodies.