Taranis Details Z-900/1300 and Underlying I-1 Intrusive Target Including 53m of Anomalous Gold

We are making tracks locating the source of the epithermal deposit at Thor!

ESTES PARK, CO / ACCESS Newswire / February 25, 2025 / Taranis Resources Inc. ("Taranis" or the "Company") (TSX.V:TRO)(OTCQB:TNREF) is providing the second in a series of News Releases that detail exploration for a deep, underlying mineralized intrusive body at Thor. This News Release documents two drill holes (Thor-246 and Thor-247) that were drilled from a single setup 0.6 km southeast of the Broadview Mine. Both drill holes returned anomalous gold (up to 0.452 g/t Au) over substantial widths. These intercepts were drilled west of the Z-900/1300 anomaly (see attached plan map) and provides compelling information that the main body of the feature is mineralized. Taranis has provided a cross-section of these drill holes that shows the location of the section relative to the important geophysical anomalies, and it appears on the website www.taranisresources.com

Gold and Zinc Zones in Thor-246 and Thor-247

Taranis undertook systematic geochemical analysis of the holes including major oxide alteration geochemistry, rare-earth element analysis, gold and ICP-MS geochemistry. As the holes were targeting airborne geophysical features, inversion models derived from the surveys were compared with physical data collected in the drill holes. As these were the first holes to go into this critical area of Thor, the analyses of drill cores was designed to identify geochemical-levels of mineralization that can provide valuable targeting information. Scanning Electron Microscopy ("SEM") analysis was used to identify minerals that included albite, garnet, amphiboles, ankerite, chlorite, biotite and ludwigite. Ludwigite is a boron-rich mineral typically found in magnesian skarns.

Thor-246 (-700)

Thor-246 intersected a 53.0m wide zone (355.0-408.0m) of geochemical gold, accompanied by elevated levels of arsenic, tin, tungsten and zinc within a rock type that is distinct from the magnetite-bearing I-2 intrusive dyke. This type of alteration and gold-enrichment is diagnostic of the margins of a large-scale intrusive-related hydrothermal system. A green mineral that was originally described as ‘epidote' at Thor has been determined by SEM to be andradite-grossular garnet, and its presence is also diagnostic of contact metamorphic zones around an intrusive. The geochemical data from Thor-246 is summarized in the following table and is also shown graphically on the cross-section on the website.