Sign up Australia
Proactive Investors - Run By Investors For Investors

Thundelarra drills second hole with visible gold at Crown Prince

Shares increased 45% intra-day to close the day priced at $0.032.
visible gold in drill core
Two drilling programs are in progress at Lydia and Crown Prince

Thundelarra (ASX:THX) has intersected multiple occurrences of visible free gold in another diamond hole at the Crown Prince Prospect within the Garden Gully Gold Project in Western Australia.

This visible gold occurs across a 5.5-metre interval from 259.3 metres depth in diamond hole TGGRCDD110 and follows the recent visible gold witnessed in hole TGGDD090.

READ NOW: Thundelarra drills out visible gold at Crown Prince

The discovery of free gold in two of the holes drilled to date at Crown Prince is significant and bodes well for the rest of the drilling campaign currently underway.

Tony Lofthouse, CEO, commented: “Finding visible free gold in fresh drill core from within the primary zone is uncommon and so this is highly significant for the potential of the Crown Prince prospect.

“The presence of visible free gold will generally indicate high gold grades, so the core will be cut, sampled and submitted for laboratory assays as soon as possible”.

Six occurrences of free gold observed

Visible free gold has been observed six times in the core from drill hole TGGRCDD110 and clearly shows that the gold is separate from the sulphides.

The possibility that commercial mineralisation is present at Crown Prince is significantly enhanced by the presence of free gold in multiple locations below the historical workings.

The recent hole showed that free gold occurred at 110 metres vertical depth and this new hole now also shows free gold occurs at 245 metres.

The current drilling aims to better understand the geology and structures controlling the mineralisation, which in turn will allow Thundelarra to target effectively for extensions to that mineralisation.

Drilling continues and assays remain pending.

Garden Gully Gold Project

Garden Gully is comprised of 15 granted prospecting licences and 2 granted exploration licences covering 78 square kilometres in the Doolgunna region, 20 kilometres from the town of Meekatharra.

Since commencing exploration in mid-2016, Thundelarra has drilled 85 reverse circulation holes for 13,721 metres and 2 diamond holes for 788 metres.

Two drill programs are currently underway, the first is the 3,000-metre diamond program at Crown Prince.

The second is a 3,500-metre reverse circulation drilling program at the Lydia Prospect within the Garden Gully Project which aims to define a maiden JORC resource by early 2018.





Register here to be notified of future THX Company articles
View full THX profile View Profile

Thundelarra Ltd Timeline

Related Articles

Gold bars
September 11 2017
Ortac Resources' diversified investment portfolio will now be streamlined, with the focus on two particular assets in Africa
1509542969_Lithium_381225958_58c8743f4a122.jpg
November 02 2017
Pan Asia Metals is building strength in depth in South East Asia
Tesla,_electric_car,_battery,_Lithium.png
March 23 2017
Having both lithium and graphite resources places Noram at a considerable advantage in the lithium-ion battery sector.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use