-- Taranis Resources' (TRO.V) work on an expanded holding for its Thor project in the historic Silver Cup Mining District in southeastern British Columbia is showing early successful results, it said Wednesday.
The company combined historical soil samples, drill data, geophysical surveys, and past mining records to better understand what it believes might be a district-scale opportunity, boosting its holdings in the area to more than 6,000 hectares.
"Brought together with Taranis' extensive explorations of Thor, this long forgotten exploration work reveals a much larger mineralized system that contextualizes the Thor deposit within a broader, highly prospective geological framework," the company said.
This initiative is being carried out alongside drilling to test new parts of the Thor deposit, including the Nortran, Borr, and One O'clock targets, the company said. There are dozens of high-grade, near-surface metal veins similar to those at Thor within the new tenure area Taranis has assembled to the east. These have not been drilled to NI 43-101 resource estimation standards, giving the company a strong opportunity to learn more about this historic silver and gold district, it added.
Taranis shares closed up $0.005 to $0.185 on the TSX Venture Exchange.