Taranis Resources (OTCQB:TNREF) has significantly expanded its footprint in British Columbia’s historic Silver Cup Mining District, acquiring mineral tenures that now bring its consolidated land package to over 6,000 hectares. This strategic move unites several past-producing silver mines, including the Thor deposit, into a contiguous, district-scale exploration opportunity.
The company’s 2025 drilling campaign has yielded promising results, identifying the Borr Zone, an apparent down-dip extension of the Thor deposit. An intercept in this new zone returned 5.25 meters grading 26.2 grams per tonne of silver, alongside 0.163 g/t gold and 3.55% combined lead and zinc. This indicates significant potential for high-grade mineralization beyond the current resource definition.
Further bolstering its exploration efforts, Taranis has secured permits for a 10,000-tonne bulk sample at the Thor project. This initiative is designed to provide a more robust understanding of the deposit’s economics and the quality of its mineral resource, crucial steps in evaluating the feasibility of commercial development.
Recent sampling at the Ajax mine, a newly acquired property, has also shown encouraging gold potential. Grab samples from dump material yielded a high-grade result of 19.90 g/t gold, highlighting localized areas of significant precious metal enrichment. While these are selective samples and not indicative of average grades, they underscore the broader exploration upside within the expanded land package.
However, the expansion and advancement of these mineral tenures are encountering administrative hurdles. Taranis has reported delays exceeding 120 days in its consultations with First Nations under British Columbia’s Mineral Claims Consultation Framework (MCCF) for recently acquired claims. The company has expressed concern over the lack of timely administrative clarity, which it believes is critical for both reconciliation efforts and economic progress in the province.
The rugged terrain and limited access in the Silver Cup District present inherent challenges to exploration, increasing complexity and costs. Nevertheless, Taranis maintains that integrating modern exploration technologies with historical data provides a solid foundation for discovery in this underexplored, yet mineral-rich, region. The company’s commitment to active stewardship and value creation through exploration and development forms the core of its strategy, aiming to transform idle ground into productive assets.
Taranis Resources Inc. is focused on systematically advancing the Silver Cup Mining District, leveraging its extensive landholdings and a philosophy that emphasizes productive stewardship and tangible value creation. The company’s approach addresses the evolving landscape of mineral property rights, asserting that ownership is earned through diligent work and responsible development.
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