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Thundelarra Ltd.
Summary
| Project: | Garden Gully | |
|---|---|---|
| Deposit: | Battery | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Zinc | |
| Date: | 1/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-1-2017: Thundelarra Ltd. announces an Exploration/Drilling Update report for its Battery deposit at the Garden Gully project. Drilling results incl. 8m @ 2.0g/t Au from 164m. Thundelarra is pleased to announce that results of drilling at the Battery Pr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Thundelarra is pleased to announce that results of drilling at the Battery Prospect at Garden Gully have confirmed the existence of primary gold mineralisation. The presence of gold mineralised porphyry within a package of mafic schists, high magnesium basalts and black shales is significant as similar associations in WA have formed the basis of new mine developments. Such potential enhances the prospectivity of the project – especially when considered in conjunction with the spectacular results previously announced from the Lydia Prospect (ASX 03 November 2016) that included 80m at 1.9 gpt Au and 45m at 1.3 gpt Au. The results show that gold mineralisation is present at depth below the previous arsenic anomalism trend which coincides with the chargeable feature recently delineated by an Induced Polarisation survey. Mineralisation is hosted by quartz veins and felsic intrusives (confirmed by petrographic analysis to be quartz porphyry), containing pyrite and arsenopyrite emplaced within strongly folded and tectonised mafic schists and black shales. Exploration reported by Gascoyne Resources Ltd (ASX.GCY) on its Gilbeys and Gilbeys South mineralisation at Dalgaranga describe a package of rocks including porphyry, black shale, chlorite– sericite mafic schist, high magnesium basalts and gabbros / dolerites. The geological similarities observed at Garden Gully warrant detailed follow-up so we can establish if Garden Gully is hosting similar mineralisation. Gascoyne’s defined Gilbeys resource exceeds 1 million ounces so far. We are still awaiting results from a further 16 follow-up holes testing the nine Garden Gully targets. When results are received we will interpret them and advise the market accordingly. This is still very early stages of what is becoming a very exciting project for Thundelarra. We are focusing all possible exploration attention on this promising new area. | |
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