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 delivers further exciting drill results from Thunderball prospect
Australian resources company Thundelarra Exploration (ASX: THX) has received encouraging assays for the final five holes from a diamond drilling program completed at the Thunderball uranium prospect in the Northern Territory.
Hole TPCDD032 generated the best result from the latest batch of assays with three metres grading 6,592 ppm U3O8 including one metre at 1.3% U3O8.
Grades in the upper mineralised zone have continued to strengthen to the north, with hole TPCDD031 returning a one metre interval of 3,646 ppm U3O8 within an upper zone intersection of two metres at 2,151 ppm U3O8.
Overall, seven of the eight holes drilled in the latest program have produced uranium grades in excess of 1,000 ppm U3O8. High grade uranium has now been defined over a strike length exceeding 200 metres and mineralisation remains open to some degree in all directions.
In November, Thundelarra announced its best intercept in this field season, when hole TPDD26 hit 11 metres at 3.4% U308, including 4.6m @ 8% U308.
One hole at Thunderball, detailed in the September quarter report, intercepted 15m @ 1.5% U308, including a 1m section at 20.3%.
Information from the latest 23 RC and 15 diamond holes completed within the Thunderball area will be combined with extensive geophysical data captured in recent months to prepare a detailed structural model of the prospect and identify the principle controls on mineralisation.
The modelling will be used to aid design of the next drilling program, scheduled to commence at the beginning of April.
It is Thundelarra’s objective to calculate an inaugural resource for Thunderball in 2010.
The modelling of mineralisation at Thunderball is also expected to contribute to the understanding of other uranium occurrences identified by Thundelarra in the Hayes Creek Project area. A number of these will be drilled as part of a major drilling campaign to be undertaken by the Company in the Pine Creek region during 2010.
