MobileMT Anomaly Defines Extensive Pyrite Shell with Increasing Gold and Copper Indicators at Thunder Zone

Taranis Resources Inc. is pleased to report on drill hole Thor-238 that was drilled in the Thunder Zone. Drilling has proven to be challenging in the Thunder Zone, due to the presence of a rockslide that conceals the exploration target. Thor-241 (53.64 m) was lost at the bottom of the landslide and abandoned. This area of the Thunder Zone is characterized by a very large (MobleMT) apparent conductivity anomaly which is now documented to be 4-6% barren pyrite over thicknesses in excess of 100 m (Thor-240). Trace element geochemistry completed on the ‘barren’ pyrite shell has shown increasing geochemical-level gold and copper content downhole. It is unknown what the connection is with the pyrite shell and the high-grade epithermal mineralization found in the Thunder Zone.