Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: THX
News: Latest news
Web Site: Thundelarra Exploration
Other Articles: 08-02-201015-01-201005-11-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Monday March 15, 10:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
Thundelarra Exploration

Thundelarra Exploration

Thundelarra Exploration Ltd (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 kms. 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.

Monday, February 08, 2010

Thundelarra Exploration identifies high priority uranium targets at Hayes Creek Project

company news image

Australian resources company Thundelarra Exploration (ASX: THX) has generated fourteen high priority uranium Target Areas from a detailed low level airborne radiometric and magnetic survey completed at the Hayes Creek Project in the Northern Territory.

During the afternoon trade, shares in the company increased 1.5c, or 3.8%, to 41.5c.

Only six of these targets, including the Thunderball prospect, had been previously identified and inspected.

Preliminary reconnaissance carried out in 2009 identified uranium mineralisation at all six areas including uranium rich boulders at the Corkscrew prospect that assayed up to 2.3% U3O8.

To date only Thunderball has been subject to significant drilling, resulting in numerous high grade intercepts with assays of up to 20.3% U3O8.

Field assessment of the first of the new radiometric anomalies, 500 metres north-east of the original Corkscrew discovery, has identified significant uranium mineralisation. Four shallow trenches on a scree covered slope exposed a number of strongly radioactive boulders with abundant visible secondary uranium minerals.

The 5,235 line kilometre airborne survey was conducted by Thompson Aviation using Airtractor 502B fix wing aircraft, with 25 metre spaced flight lines and 20 metre mean terrain clearance.

Managing Director Brett Lambert said the survey was the most detailed radiometric and magnetic survey ever completed in this part of the Pine Creek Orogen.

"It has defined new and significant radiometric anomalies and improved definition of previously identified targets," Mr Lambert said.

Importantly, the magnetic data has defined controlling structures associated with the known uranium occurrences, including Thunderball. A detailed structural mapping and 3D modelling program is currently underway on the project area utilising all available datasets.

Thundelarra is now preparing for a major drilling campaign scheduled to commence on 2 April 2010.

A program of 25,000 metres of reverse circulation and diamond drilling is planned for the Pine Creek area including resource definition and extensional drilling at the exciting Thunderball discovery.

Earlier this month, seven of the eight holes drilled in the latest drill program at the Thunderball uranium prospect in the Northern Territory were reported to 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.

 

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other Thundelarra Exploration articles


Other Thundelarra Exploration news

More news ►

Investors interested in Thundelarra Exploration recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content 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 further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. 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.