I’m Brieanna McCutcheon and welcome to our Q&A section for The Market Herald.
Both British Columbia and the state of Nevada are well known for their abundance of precious metals resources such as gold and silver.
Companies like Taranis Resources Inc. (TSX:TRO, Forum) are lucky to be in both jurisdictions and is backed by a leadership team with over 100 years of collective experience in the mining and exploration sector.
Today we’re happy to be joined by John Gardiner, Founder, President, and CEO of Taranis Resources. Thank you so much for joining us today!
TMH: Would you consider yourself a hands on CEO and if so, what does that look like for the people watching?
Yeah, I’m definitely a hands on CEO. I’ve had over 40 years of experience in the exploration and mining sector and in that time I’ve seen a lot of exploration projects and mines. It’s important for the CEO to be very hands on with exploration projects, because decisions have to be made in both the short and long term, including whether they are going to proceed or if you’re going to cut bait and leave. Our exploration company is a publicly traded company that behaves more like a private enterprise – we have a number of major shareholders in it that are involved with our projects and I keep close contact with those individuals. They like to hear my opinion and discuss events that are happening with the project.
TMH: What makes British Columbia and Nevada such great jurisdictions to be in?
Well, both places have a tremendous mining history and it’s important to explore and develop mines in those jurisdictions. British Columbia in particular, is ripe with new discoveries. There’s been a lot of technology invented in the last couple of decades that is very useful for discovering new deposits and Nevada has a lengthy history of obviously large gold mine discoveries. Many of those were made with the advent of geophysical surveys that frankly could not have been done maybe even 30 years ago. So there is an opportunity in both of these jurisdictions to basically take new technologies and employ them in the discovery of mines that are hidden below surface features.
TMH: How has the company’s leadership team experience been beneficial to the company?
Well, these are people that understand the exploration and mining business very well. They’ve generally worked in all of those sectors, so they sort of understand the transition from financing and exploration project to turning it into a mine. So they have very strong technical backgrounds but one of the things Taranis is fortunate to have is a number of investors that have been involved in not only the mining sector but other businesses and they contribute their comments to the company and myself and we’re able to tailor our direction based on their comments. That’s very important and that’s something that I’m very fortunate to have in Taranis that most other smaller companies just do not have access to.
TMH: Can you provide a brief overview of your projects, and what you’re currently focused on at the moment?
Yeah, so our hundred percent owned Thor Project in British Columbia, we acquired it back in 2006. We’ve been doing drilling on it for 14 years. In that time we drilled our first hole and right now we’re drilling over 250. So we basically developed the epithermal resource from a big zero to where it is now. So it has over 16 million ounces silver equivalent in the deposit based on a mineral resource estimate that was completed in 2013. Basically, the exploration story there is that we think that the epithermal deposit itself (which is almost three kilometers long now) overlies a large porphyry type system which basically acted as the fuel or the furnace for the epithermal deposit. So that’s our current area of attention and that’s what we will be working on in the summer.
TMH: We’re over halfway through the year, can you touch on some key milestones this year investors should know about?
Yes. this year we’ll be doing all of the leg work basically to permit and finance next year. We will check the very deep exploration holes that will test for the porphyry underneath the epithermal deposit and that of course takes a lot of planning and preparation work. So this summer we’ll continue drilling the north end of the deposit, (which has the nearly discovered Thunder zone on it) but in addition to that, we’ll be doing all of the leg work for the deeper drill holes that would be drilled on the porphyry target in the following year. So yes, we’re extremely excited about the potential of this project to increase multiple times in size with the presence of an intrusive underneath it.
Thanks again for joining us at The Market Herald today. I look forward to chatting with you again!
We’ve been speaking with John Gardiner, Founder and CEO of Taranis Resources. Taranis Resources trades on the TSX Venture Exchange under the symbol, TRO. I’m Brieanna McCutcheon for The Market Herald Canada. Thanks for watching.
FULL DISCLOSURE: This is a paid article produced by The Market Herald.