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 OAU profile View Profile

Ora Gold Ltd Timeline

Related Articles

Finnish landscape
May 02 2019
A milestone was reached in December last year, when the company announced a maiden inferred gold-cobalt estimate
1549368147_Danakali-SOP.jpg
April 29 2019
Kore Potash has completed a definitive feasibility study on the Kola project
Lead-silver
January 16 2019
The company has been granted a key approval by the State Government to build processing plant and tailings storage facilities.

© 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