Thundelarra Exploration (ASX: THX) is an established Australian resources company primarily focused on uranium exploration and development in the Northern Territory.
The Company holds dominant tenement positions in the Pine Creek and the Ngalia Basin uranium provinces with a total area in excess of 6,000 sq km. Thundelarra has achieved significant exploration success on its Northern Territory properties, particularly in the Pine Creek region where several new uranium occurrences have been identified, including the Thunderball prospect where drilling has delivered a number of very high grade uranium intercepts.
The Company has a number of assets in addition to its Northern Territory interests, including; three highly prospective uranium projects in Western Australia and one in Queensland.
Thundelarra Exploration finds uranium in six drill holes at Thunderball prospect, NT
Uranium explorer Thundelarra Exploration (ASX: THX) has received promising exploration news from logging of six diamond drill holes at Thunderball prospect in the Northern Territory.
Results from down-hole gamma logging of six diamond drill holes at the Thunderball prospect have revealed visual observations of significant uranium mineralisation in every hole.
The results indicate that near surface, broad (8 to 12 metre) widths of strong secondary uranium mineralisation exist and at depth, high grade primary mineralisation occurs over widths of 2 to 3 metres within a well defined shear zone.
The Thunderball uranium prospect is located in the Pine Creek region of the Northern Territory on exploration licenses EL23509 and EL23431. Thundelarra has an option to acquire a 100% interest in EL23509 and holds a 70% interest in the uranium rights on EL23431 in joint venture with unlisted Crocodile Gold Australia Pty Ltd.
Outstanding assays from the 6 hole diamond program are expected to be available within the month. In the interim the gamma logs provide a good indication of the tenor of mineralisation present.
