Thundelarra Ltd drills copper target in Northern Territory, assays pending
Date
9/26/2016 2:25:28 AM
(MENAFN- ProactiveInvestors - Australia)
Thundelarra Ltd (ASX:THX) has commenced drilling to test follow-up copper targets within the Allamber Project located in the Pine Creek region of the Northern Territory.
This is Thundelarra";s second drill program underway and the company is awaiting assays from two already completed programs at the Red Bore copper-gold project.
The main objective of the drilling at Allamber is to follow up mineralisation intersected previously, which graded up to 3.96% copper and 15 ppm silver.
The targets to be tested are at the Ox-Eyed Herring and Tarpon prospects.
Allamber Project
Exploration completed in February and September of 2015 recorded results of:
- 8 metres at 2.71% copper from 112 metres;
- 6 metres at 1.58% copper from 182 metres;
- 1 metre at 3.96% copper and 15 ppm silver from 148 metres; and
- 2 metres at 1.21% copper and 5 ppm silver from 127 metres.
Allamber is located 180 kilometres southeast of Darwin and is part of the Pine Creek Orogen.
The project is very well served by regional infrastructure, with deal road, rail and gas pipeline running within 25 kilometres of the project area.
Garden Gully drilling
Thundelarra recently commenced a follow-up 3,500 metre reverse circulation drill program at the Garden Gully gold project in Western Australia.
This drilling is following up results from the recent scout drilling program which intersected up to 7 metres at 17.8 g/t gold.
A total of nine targets are to be tested by drilling that will occur to depths of between 100 metres and 300 metres.
Analysis
Thundelarra is now awaiting assays from four separate drill programs, two completed at the Red Bore copper-gold project, and two programs currently underway at each of the Garden Gully and Allamber projects.
This pending news flow means the company will remain leveraged to exploration upside over the coming weeks.
The Red Bore project is located less than 1 kilometre from Sandfire";s operating DeGrussa copper-gold mine.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.