Taranis Resources (TRO.V) on Monday reported results from a study of by-product metals at the Thor project in British Columbia.
The samples were collected from a stockpile of vein material at Thor and adit dumps at the historic Ajax mine across the valley. The same analytical methods were used for both sites, with results showing consistent enrichment of epithermal-style precious and critical minerals at both locations, the company said.
"The findings of the study strongly indicate further exploration activities between the two historical mine sites and further indicates that a single enrichment event is responsible for the existence of both mineral deposits," the company added.
All samples for the Thor project have been delivered to Actlabs in Kamloops, B.C, according to the statement.
The company's shares closed up C$0.005 to C$0.13 on the TSX Venture Exchange.