Proactive Investors - Run By Investors For Investors

Thundelarra commences follow-up drill program testing for gold extensions

The company is focused on establishing a maiden JORC resource at Garden Gully.
drill rigs at the Crown Prince prospect
An RC rig in the foreground and diamond rig in the background at Crown Prince

Thundelarra Ltd (ASX:THX) has commenced follow-up drilling at the Crown Prince prospect within its flagship 100% owned Garden Gully Gold Project in Western Australia.

The reverse circulation (RC) and diamond drilling program is following up positive results from the inaugural drilling program in late 2017.

Results featured intersections such as 8 metres at 22.3 g/t gold.

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

Historical gold production at Crown Prince totalled about 21,000 ounces at an average grade of about 22 g/t gold.

Thundelarra’s objective is to gain a clear understanding of the geology and structures controlling the mineralisation at Crown Prince.

Initial results confirmed these high gold grades down dip and 130 metres below the old workings.

New program to test along strike and down dip for extensions

The new program will comprise 10 RC holes for 2,500 metres and 7 diamond holes for 2,000 metres.

The objective is to test along strike and down dip for extensions and repetitions of the North and Main Lodes.

Some holes will also be aimed at verifying data from previous explorers, which can then potentially be used to upgrade the resource to JORC 2012 standards.

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

Garden Gully is host to other prospects outside of Crown Prince and exploration has highlighted the overall project’s potential to host a large gold resource.

While a maiden resource at Crown Prince and Lydia is a priority, exploration results from other prospects have not disappointed.

READ: Thundelarra uses aircore drilling to generate further gold targets at Garden Gully

View full THX profile View Profile

Thundelarra Ltd Timeline

Related Articles

1530095749_shutterstock_102742847.jpg
June 27 2018
Metalla's royalty portfolio looks set to grow and grow
graphite
January 18 2018
NextSource Materials Inc (TSE:NEXT) (OTCQB:NSRCF) may just be the best graphite company few investors know of.
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