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Thundelarra chairman Phil Crabb acquires more shares on-market

Renowned prospector-entrepreneur Phil Crabb is harnessing his decades of experience to help make his latest venture a major gold producer.
Phil has floated eight companies on the ASX and is a life member of the West Australian Mining Hall of Fame

Thundelarra Ltd (ASX:THX) director and non-executive chairman Philip G Crabb continues to demonstrate his confidence in the company’s Murchison gold assets through on-market trades.

Crabb has acquired a further 1,169,421 shares at about 1.61 cents each for $18,876. This takes his total shareholding in Thundelarra to about 78 million shares (both direct and indirect interest).

READ: Thundelarra consolidates Murchison gold assets with aim to drill

The company has shored up its Garden Gully Project this quarter and will now focus its exploration efforts exclusively on the prospective gold project.

The junior explorer acquired the 450-square-kilometre Abbotts gold exploration project from Doray Minerals Ltd (ASX:DRM) earlier this month, which surrounds and abuts Garden Gully.

READ: Thundelarra to acquire gold project from Doray adjacent to Garden Gully Project

The acquisition grew Thundelarra’s project area at Garden Gully to about 530 square kilometres, more than quadrupling the aggregate strike extent of the target.

Thundelarra aims to drill test Garden Gully’s prospective targets using its own information as well as Doray exploration data collected with the Abbotts acquisition, with $150,000 earmarked for exploration and evaluation next quarter.

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