Proactive Investors - Run By Investors For Investors

Thundelarra strikes golden jewels in drilling at Crown Prince prospect

Drilling supports the potential that commercial mineralisation exists.
Visible gold from Crown Prince
New assays from Crown Prince have returned up to 16.5 g/t gold

Thundelarra Ltd (ASX: THX) has received high-grade gold hits from first drilling at the Crown Prince prospect within its Garden Gully Gold Project in Western Australia.

Gold mineralisation was intersected in 11 of the 18 holes drilled for 4,535 metres with the best result being 4.0 metres at 16.5 g/t gold from 166 metres.

The drilling program supports the potential that commercial mineralisation exists at Garden Gully.

READ: Thundelarra enhances gold bounty at Garden Gully

Strong results of up to 9 metres at 4.8 g/t gold from 213 metres were also received from recent drilling at the Lydia prospect.

Garden Gully covers 78 square kilometres and is near Meekatharra, a well-established and proven gold production centre in Murchison province.

Other new results from Crown Prince are 3.5 metres at 7.6 g/t from 109 metres, 2.6 metres at 7.5 g/t from 130 metres and 3.8 metres at 3.5 g/t from 220 metres.

The inaugural drilling program at the prospect comprised 10 reverse circulation holes for 2,943 metres and eight diamond holes for 1,592 metres.

READ: Thundelarra’s shares rise on confirming Crown Prince gold discovery

Thundelarra began exploring Crown Prince about four months ago and drilling has shown the down dip/plunge extension of the Main Lode extends at least 130 metres below the lowest level of previous workings.

It has also demonstrated the presence of free gold within high grade sections at depth.

The results have validated Thundelarra’s aggressive exploration approach and justify pursuit of the Crown Prince tenement.

Thundelarra will continue to test for down-dip/plunge extensions, and possible repetitions, to the Main and the Northern lodes at the prospect, which remains open.

Aim for maiden resource estimates

It aims to compile sufficient drilling data to allow the calculation of maiden resources at Crown Prince and Lydia.

The company has completed more than 26,000 metres of drilling in 141 holes at Garden Gully since it began exploration in mid-2016.

This comprises 23,556 metres of reverse circulation and 2,522.6 metres of diamond drilling.

A number of prospects

As well as Crown Prince and Lydia, other prospects targeted in recent drilling are Crown, Battery and Transylvania.

Other prospects within Garden Gully include Ascuns, Young, Granite Well and NW Granite Well.

View full THX profile View Profile

Thundelarra Ltd Timeline

Related Articles

Bauxite on a ship
January 21 2019
The company will undertake a number of site preparation activities in the March quarter.
gold nugget
November 26 2018
The company is drilling at the old Albury Heath mine where it found bonanza-grade gold.
Mark Wilson and Mark Creasy with a Nova-Bollinger core sample Creasy showed Wilson, telling him, ‘There’s what you’re looking for, now go find it’
A Creasy team will move to Rockford next as exploration resumes.

© Proactive Investors 2019

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