(MENAFN- ABN Newswire) Perth, Jan 31, 2018 AEST (ABN Newswire) - Thundelarra Ltd () () provides the Company's first Quarter Activity & Cashflow Report.
HIGHLIGHTS
WESTERN AUSTRALIA
- Garden Gully Gold Project, Murchison Region (THX 100%)
o Phase 5 programme: 11,650m drilled in 55 holes (9,711m in 44 Reverse Circulation ("RC") holes and 1,939m in 11 Diamond Drilling ("DD") holes)
o First exploration at newly granted Crown Prince lease: high grade intercepts
o Visible free gold at 259.3m downhole shown in picture at left
o Hole TGGRCDD110
o Scale bar is in mms
o 6 occurrences observed
o Primary gold mineralisation
o Free gold also in hole TGGDD090
o Main Lode extends at least 130m vertically below historical workings
o Objective is to define maiden resources at Crown Prince and Lydia
o Bonanza gold grades (reported 12 December 2017) from TGGRCDD110:
-- 2.40m at 66.5 gAu/t from 263.40m downhole; within
-- 5.65m at 29.2 gAu/t from 260.80m downhole
CORPORATE
- Cash position at 31 December (excluding equity investments): $5.1 million
- Current marked to market value of equity investments: $0.2 million
SUBSEQUENT EVENTS SINCE 31 DECEMBER
- Lydia drilling results reported on 17 January 2018. New intercepts included:
o 11m at 2.9 gpt Au from 120m in TGGRC096
o 9m at 4.8 gpt Au from 213m in TGGRC097
o 5m at 3.1 gpt Au from 137m in TGGRC114
- 2017 Annual Report released on 22 January 2018
- Thundelarra AGM: Friday 23 February 2018, Celtic Club, West Perth.
To view the full report, please visit:
About Thundelarra Ltd
() is primarily an Australian gold exploration company. Gold, either in stand-alonegeological settings or in association with copper, is our principal target. Copper remains an important focus too. Our portfolio also boasts prospects with discovery potential for base metal (nickel, zinc, silver, lead), uranium and graphite mineralisation. We are active in Western Australia (WA) and the Northern Territory (NT).
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