(MENAFN- ABN Newswire)
Second Quarter Activity Report Perth, April 24, 2018 AEST (ABN Newswire) - Thundelarra Ltd ( <>
HIGHLIGHTS OF EXPLORATION ACTIVITIES
WESTERN AUSTRALIA
Garden Gully Gold Project, Murchison Region (THX 100%)
- Assays received from all Phase 5 drillholes and reported to market
- CroPwn Prince delivered new significant intersections:
o 3.5m at 7.6 gAu/t from 109m downhole in TGGRC086
o 2.6m at 7.5 gAu/t from 130m downhole in TGGRC090
o 4.0m at 16.5 gAu/t from 166m downhole in TGGRC103
- Lydia delivered new significant intersections:
o 11m at 2.9 gAu/t from 120m downhole in TGGRC096
o 9m at 4.8 gAu/t from 213m downhole in TGGRC097
o 10m at 2.6 gAu/t from 115m downhole in TGGRCDD098
- All holes intercepted gold mineralisation
- Transylvania delivered new significant intersections:
o 8m at 3.3 gAu/t from 68m downhole in TGGRC123
- Battery delivered new significant intersections:
o 4m at 2.6 gAu/t from 52m downhole in TGGRC137
- Air Core drilling programme undertaken to test for extensions of existing mineralisation and to identify new targets for follow-up
CORPORATE
- Cash position at 31 March 2018 (excluding equity investments): $3.68 million
- Current marked to market value of equity investments: $0.2 million
SUBSEQUENT EVENTS SINCE 31 MARCH
- Phase 6 drilling underway at Crown Prince: two rigs - one RC, one DD
- Testing for extensions of high grade gold mineralisation at Main Lode
- Testing for extensions of Northern Lode mineralisation
- An AC drilling programme was completed, consisting of 274 holes for 14,025m. Samples have been submitted, results will be reported when available
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About Thundelarra Ltd
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