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KUUSAMO
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Key Facts
Location:
Finland
850 km North of HELSINKI Commodities: Nickel
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Comparable Properties |
Latest Information  March 5, 2004 Taranis Resources has commenced a 1,700 m drill program to test a number of shallow drill targets located in the Black Shadow Area and Dimick Epithermal Trend of its Tybo West property in Nye County, Nevada. IP surveys (9.5 km) have identified a number of promising targets associated with epithermal-style mineralization on the property. The company also announced that it has received approval from the BLM for its Notice of Operations on its 100% owned Needles Project also in Nye County. The company also announced that the option agreement entered into on March 14, 2003 between Placer Dome and the company's 37.5%-owned subsidiary, Tom Exploration Oy, for the exploration of the Kuusamo Property, Finland, has been terminated. October 31, 2003 One hole was drilled. The hole targeted a large geophysical anomaly interpreted to be the Kuusamo Layered Intrusive Complex (“KLIC”). The KLIC is being evaluated as a target for PGE mineralization, and the core hole was drilled to a depth of 325 m, at which point the hole was abandoned due to technical problems. The drill hole passed through gneisses and gabbroic rocks and terminated in magmatic breccia, but did not intersect the KLIC. PDXAE is currently reviewing data from the drilling and other exploration activities on the Kuusamo Property before resuming exploration. Since 2000, exploration has focused on the compilation and interpretation of available exploration data. October 31, 2003 One hole was drilled. The hole targeted a large geophysical anomaly interpreted to be the Kuusamo Layered Intrusive Complex (“KLIC”). The KLIC is being evaluated as a target for PGE mineralization, and the core hole was drilled to a depth of 325 m, at which point the hole was abandoned due to technical problems. The drill hole passed through gneisses and gabbroic rocks and terminated in magmatic breccia, but did not intersect the KLIC. PDXAE is currently reviewing data from the drilling and other exploration activities on the Kuusamo Property before resuming exploration. Since 2000, exploration has focused on the compilation and interpretation of available exploration data. |
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