Taranis Resources Launches Deep Drilling Program at Thor

Taranis Resources Inc. (TSX.V:TRO)(OTCQB:TNREF) has commenced its 2024 deep drilling program at Thor, targeting magnetotelluric and magnetic anomalies identified in a 2022 airborne survey. The initial drilling focus is on deep anomalies beneath the Broadview Mine area of the Thor epithermal deposit.

The company also announced the exercise of additional share purchase warrants amounting to $100,000. In total, Taranis has received $600,000 from the exercise of 3,000,000 warrants at $0.20 per share.

Furthermore, Taranis has closed non-flow-through ($365,500) and flow-through ($6,000) private placements as previously announced on May 2, 2024. Additional subscriptions worth $200,000 are pending regulatory waivers and shareholder approval.

Each non-flow-through unit contains one common share and one warrant, allowing purchase at $0.35 until July 3, 2026. The same terms apply to flow-through units. All issued securities are under hold until November 4, 2024.