Taranis Resources Inc. has released an exploration update that refines immediate drilling priorities at the Thor epithermal deposit and presents a compiled regional view across its expanded Silver Cup Mining District holding. Announced on June 2, 2026, the company describes four newly defined near-mine targets and the results of a property-scale review that brings together historic records, airborne geophysics and modern field datasets.
The company says it will publish short videos and maps online to guide stakeholders through the newly prioritized zones and the location of more than 30 past prospects and small mines within the 6,469.6 hectare tenure package. The work combines field sampling, a review of British Columbia assessment files (Minfile), lidar, satellite imagery, geophysics and geochemistry to rank drill targets that lie adjacent to the known NI 43-101 Mineral Resource at Thor.
Four immediate drill priorities around Thor
Taranis identified four near-term targets it considers high priority: Nortran, Ram, Borr Zone and One O’Clock. Each target was selected from an integrated dataset that includes airborne electromagnetic conductors, soil and till anomaly patterns, and apparent continuity of mineralization from surface mapping and 3D modelling.
Target summaries and geological cues
Nortran lies to the west of the existing Thor resource and is notable for a cluster of unexplored aerial EM conductors. The company interprets these as a possible source area for Horton boulders and the feature denominated Mega Gossan. Nortran also represents a downfaulted western extension of the Thor system.
Ram is positioned northwest of Thor atop the ridge and north of the Thunder Zone. It is distinguished by extremely anomalous silver values in soil and till where the geochemical signature appears to originate from a historic rockslide, suggesting a nearby bedrock source.
Borr Zone was first documented in 2026 and occurs east of the Thor deposit adjacent to the Thor lamprophyre dyke. Early intercepts on the eastern side of that dyke, together with structural interpretation, indicate a probable downdip continuation of the main Thor mineralized system toward the northeast.
One O’Clock sits east of Thor beneath True Fissure Creek. 3D modelling points to this area as a plausible source for elements of the Thor epithermal system, and the target coincides with MT apparent conductivity anomalies along the northeast margin of a large intrusive body.
District compilation: more than 30 historic prospects
Alongside near-mine targeting, Taranis completed a property-scale compilation covering the 6,469.6 hectare Silver Cup expansion. The review incorporated Minfile records and legacy aeromagnetic surveys to locate and contextualize over 30 mineral occurrences and small historic mines that received limited modern follow-up during the last century.
Two distinct geological trends
Analysis reveals the occurrences cluster into two main trends. The Thor epithermal deposit trend hosts silver, gold and base metal-rich epithermal systems structurally linked to the overturned Silver Cup Anticline. East of Ferguson Creek these deposits sit near the anticline apex on the Sharon Creek/Broadview Formation contact, while west of Ferguson Creek the Thor deposit occupies a higher stratigraphic level within the Broadview Formation.
The Thor lamprophyre trend emerged after Taranis integrated several high-resolution aeromagnetic datasets with mapped historic prospects and the company’s drill results. Deposits in this trend commonly contain magnetite and fuchsite, the latter reflecting alteration of ultramafic intrusives. The lamprophyre bodies are strongly magnetic and appear to post-date or cut the epithermal architecture at Thor, in some places splitting the sheeted epithermal zone.
What this means for exploration and stakeholders
Taranis stresses that each of the four immediate targets lies adjacent to the existing NI 43-101 resource and is permitted for drilling. A successful campaign on any of these targets could materially enlarge the known resource footprint. The company notes its extensive drilling database at Thor (approximately 250 drill holes) helps to place the local occurrences into a broader geological framework and supports deeper targets at the Sharon Creek/Broadview contact.
To help investors and technical audiences visualize the work, Taranis will upload videos and mapping that show target locations, historic prospect remarks and the aeromagnetic context. The company also provides a list of the known prospects within the extended property and flags several occurrences with third-party surface rights.
Governance and contact details
Exploration at Thor is overseen by John Gardiner, P. Geo., a Qualified Person under Canadian NI 43-101 standards who is President and CEO of Taranis Resources Inc. Mr. Gardiner reviewed and approved the technical content of the update. As of the release, Taranis has 103,739,487 common shares issued and outstanding (122,608,613 on a fully diluted basis). For further information the company lists direct contact details for John J. Gardiner in Estes Park, Colorado.
Note: The release includes standard cautionary language that forward-looking statements are subject to risks and that actual results may differ from expectations.