Thundelarra Ltd.: Second Quarter Activity Report
24.04.2018 | ABN Newswire
Perth, April 24, 2018 - Thundelarra Limited (ASX:THX) (OTCMKTS:TLXPF) provides the Company's Second Quarter Activity & Cashflow Report.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
To view the full report, please visit:
http://abnnewswire.net/lnk/YCZ40OY1
About Thundelarra Ltd
Thundelarra Ltd (ASX:THX) is primarily an Australian gold exploration company. Gold, either in stand-alone geological 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).
Contact
Thundelarra Limited
Mr Tony Lofthouse, Chief Executive Officer
Telephone: +61-8-9389-6927
Email: info@thundelarra.com.au
Website: www.thundelarra.com