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Thundelarra Ltd.
Summary
| Project: | Garden Gully | |
|---|---|---|
| Deposit: | Battery, Transylvania, NE Transylvania | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Zinc-Arsenic | |
| Date: | 2/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-2-2017: Thundelarra Ltd. announces an Exploration/Drilling Update report for its Battery, Transylvania, NE Transylvania deposit at the Garden Gully project. Drilling results incl. 7m @ 1.35g/t Au, 2317ppm As from 107m. Thundelarra is pleased to announce | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Costica Vieru (Internal) | |
| ABSTRACT: | Thundelarra is pleased to announce results of drilling at the Transylvania, NE Transylvania and Booty Prospects at Garden Gully. Downhole EM (DHEM) surveys have identified three strong, potentially mineralised, off-hole conductors that represent high priority targets for follow-up drill testing. The drilling confirmed the presence of primary gold mineralisation and intersected zones of alteration and prospective lithologies, including intrusive quartzfeldspar porphyry like that identified at the Battery prospect. These results complement the excellent prospectivity already announced at the Battery and Lydia prospects. The potential at the Garden Gully project continues to grow. These new results confirm the presence of quartz porphyry at depth (deeper than at Battery Prospect). The evidence continues to build in support of the possibility of intrusive related provenance for the gold mineralisation being found at Garden Gully. The package of lithologies, including the black shales, continues to show parallels to the Gilbeys and Gilbeys South mineralisation at Gascoyne Resources’ Dalgaranga project (ASX.GCY). Three new off-hole conductors, any or all of which could host gold mineralisation, represent further targets for follow-up. We are still awaiting results from the remaining holes that tested the Granite Well, Sabbath and Ascuns prospects at Garden Gully. When results are received we will interpret them and advise the market accordingly. | |
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