Proactive Investors - Run By Investors For Investors

Thundelarra’s drilling unveils further gold potential at the Garden Gully project

The company recently received high-grade gold hits from the Crown Prince prospect.
drill rig on site
Next phases of work will focus on defining a maiden resource

Thundelarra Ltd (ASX:THX) has received new assay results continuing to support the possible existence of a large mineralised system at the Garden Gully gold project near Meekatharra in Western Australia.

Evaluation of new data from drilling at the Transylvania, Battery, South Crown and Granite Well prospects continues to support the possibility of a single source of mineralisation at these prospects and at Lydia and Crown Prince.

Further promise at Transylvania

Notably, a new significant intersection at Transylvania includes 3 metres at 8.3 g/t gold from 68 metres, within 8 metres at 3.3 g/t gold from 67 metres.

Transylvania is giving indications of possible repetitions of the mineralisation styles and structural settings identified at Crown Prince and at Lydia.

New significant intersections at Battery include 4 metres at 2.6 g/t gold from 52 metres, within 6 metres at 1.9 g/t gold from 52 metres.

Thundelarra began exploration at Garden Gully in mid-2016 and continues to explore the project aggressively. To date over 26,000 metres of drilling has been completed.

READ: Thundelarra strikes golden jewels in drilling at Crown Prince prospect

Earlier this month, the company received high-grade gold hits from drilling at the Crown Prince prospect within the Garden Gully Gold Project.

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

The drilling program supports the potential that commercial mineralisation exists 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.

Aiming to define a maiden resource at Lydia and Crown Prince

The Garden Gully results to date continue to demonstrate that the project holds the potential for a significant new body of gold mineralisation in this proven gold province around Meekatharra.

Thundelarra’s next phases of work will focus on advancing the Lydia and Crown Prince prospects towards the definition of maiden resources.

The company will also continue to evaluate the untested parts of the extensive Garden Gully project area for further repetitions of the structures and mineralisation settings identified to date.

The evidence so far continues to point towards these individual prospects comprising elements of a much larger mineralising system at depth.

READ: Thundelarra enhances gold bounty at Garden Gully

View full THX profile View Profile

Thundelarra Ltd Timeline

Related Articles

A vanadium ore stockpile at Nelly
August 31 2018
The country’s favourable regulatory system enables faster turnaround of legacy mining rights.
September 20 2018
Kodal Minerals is moving rapidly to work up the Bougouni project in Mali
Alaska map
October 03 2018
The project includes the “smoking gun” deposit Zackly which contains an inferred resource of 41,200 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver, with mineralisation continuing 100 metres below the bounty.

© 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