Proactive Investors - Run By Investors For Investors

Thundelarra advances drilling with second rig at Garden Gully Gold Project

Garden Gully is highly prospective and historically produced gold.
Thundelarra advances drilling with second rig at Garden Gully Gold Project
Reverse Circulation drill rig at Lydia Prospect

Thundelarra Ltd (ASX:THX) is set to increase exploration news flow over the next couple of months, with a second rig arriving at the Garden Gully Gold Project in Western Australia.

Historical gold production at Garden Gully totalled circa 21,000 gold ounces at an average grade of 21 g/t.

The reverse circulation drill rig collared the first hole of the follow-up program at Lydia and drilling is now well underway.

Drilling is designed to cover 13 holes for a total advance of about 3000 metres to 3500 metres.

It is expected that as the holes are drilled and logged, several will warrant completion or continuation by diamond tails.

Around 1000 metres of diamond tails are contemplated over a number of holes as the company's understanding of the geology and controlling structures grows at Lydia.

Garden Gully exploration

Since commencing exploration at Garden Gully in mid-2016, Thundelarra has drilled 85 reverse circulation holes for 13,721 metres, and two diamond holes covering 788 metres.

View full THX profile View Profile

Thundelarra Ltd Timeline

Related Articles

mine
August 01 2018
Tungsten prices are on the rise and construction is proceeding apace at Barruecopardo
map showing Cobalt belt in East Ontario with projects marked
August 15 2018
A historical 8-tonne bulk sample from the Mulligan project averaged 10% cobalt grade.
Massive sulphides at TopTung’s new Alotta Nickel-Sulphide Project in Quebec, Canada
November 01 2018
The company’s shareholders have approved an acquisition as it advances a new corporate strategy.

© Proactive Investors 2018

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